Global Bike and Scooter Rental Market Growth, Ongoing Trends, Technological Innovation, Opportunities and Forecast to 2025

Global bike and scooter rental market is expected to rise to an estimated value of USD 7.06 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growth of demands for environment friendly and emission-free modes of transportation.

Few of the major competitors currently working in the global bike and scooter rental market are CITYSCOOT, Lime, JUMP by Uber, Bird Rides, Inc., ofo Inc., COUP Mobility GmbH, nextbike GmbH, Lyft, Inc., MOTOCRUIZER TECHNOLOGIES INDIA PVT.LTD., Mobike, Spin, eCooltra, Bolt Bikes, Yulu Bikes Pvt Ltd, Mobycy, Vogo rentals, YUGO Urban Mobility SL, VOI Technology AB, emmy-sharing, Spinlister among others.

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Market Definition: Global Bike and Scooter Rental Market

Bike and scooter rental is a modern vehicle hiring service involving availing micro-modes of mobility such as bikes, scooters, cycle and others on rent for a particular time period or distance. Users can identify the docks closest to them where they can rent out the vehicles and select the dock closest to their destination and submit their vehicles at that particular location. The service providers of this service are providing their services over mobile apps as well enhancing the ease for consumers.

Market Drivers:
o Increasing preferences of micro-mobility services as a mode of transportation due to their cost-effectiveness will drive this market growth
o Focus on development and availability of sustainable modes of transportation is having a positive impact on the growth of this market
o Various marketing campaigns and promotional offers provided by various market players of this services is enhancing the rate of adoption; this factor will also boost the growth of the market
o Focus of authorities on reduction of traffic congestion resulting in various promotions and benefitting programs for the adoption of this service will propel the market growth

Market Restraints:
o Lack of infrastructure availability required for the successful operations of this service; this factor is expected to hinder the growth of the market
o Higher expenditure incurred on marketing and promotions of these services in comparison to the revenues generated by the major market players is reducing the sustainability of smaller players; this factor is expected to act as a restraint to the growth of the market

In Depth Analysis of the Market

The key players examine the Global Bike and Scooter Rental Market in new regions by inspecting different techniques. This includes mergers & acquisitions, investments, new service launches. Similarly, they adopt distinct Global Bike and Scooter Rental Market strategies such as collaborations, agreements etc.

Segmentation: Global Bike and Scooter Rental Market

Global Bike and Scooter Rental Market By Operational Model (Dockless, Station-Based), Propulsion (Gasoline, Electric, Pedal), Service (Pay as You Go, Subscription-Based), Vehicle Type (Bike, Scooter, Others), Application (Short Trip, Long-Distance, Long-Distance Travel), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) - Industry Trends and Forecast to 2026.

Global Bike and Scooter Rental Market : By Geography
o North America
o Europe
o Asia-Pacific
o South America
o Middle East and Africa

Competitive Landscape and Global Bike and Scooter Rental Market Share Analysis
Global Bike and Scooter Rental Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to Global Bike and Scooter Rental Market.

TOC of Global Bike and Scooter Rental Market Report Includes: -
o Global Bike and Scooter Rental Market Overview
o Market Status and Forecast by Regions
o Market Status and Forecast by Types
o Market Status and Forecast by Downstream Industry
o Driving Factor Analysis of Global Bike and Scooter Rental Market
o Market Competition Status by Major Players
o Major Manufacturers Introduction and Market Data
o Upstream and Downstream Market Analysis
o Cost and Gross Margin Analysis
o Marketing Status Analysis
o And Many More...

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Key Developments in the Market:
o In June 2019, Bird Rides, Inc. announced the launch of "Bird Cruiser", the newest addition to their electric vehicles fleet available for consumers to rent out. The vehicle is a two-seater hybrid between bicycle and moped. Depending on the market region, the vehicle will either be pedal-assist or peg. This will enhance the adoption rate from consumers utilizing the shared mobility services
o In February 2018, CITYSCOOT announced that they had raised USD 50 million in a funding round with leading investments done by RATP Capital Innovation and Inventure Partners. This investment will enable the company to expand the fleet of vehicles that it has enhancing the volume of services they can provide to consumers as they are looking towards expansion of their presence in different cities throughout Europe

Key questions answered in the Global Bike and Scooter Rental Market report include:
o What will be Global Bike and Scooter Rental Market share and the forecast for 2020-2027?
o What are the key factors compelling the worldwide Global Bike and Scooter Rental Market?
o Who are the key players in the world of Global Bike and Scooter Rental Market industry?
o What are the factors impacting the revenue and production growth of the Global Bike and Scooter Rental Market?
o What are the opportunities & challenges in the Global Bike and Scooter Rental Market industry?

Key benefits of buying the Global Bike and Scooter Rental Market:
This Global Bike and Scooter Rental Market report will enable both of the sides in market be an established firm or a relative new entrant. It helps the established firms to know about the moves which are being performed by their competitors and also helps the new entrants by educating them about the market situations and the industry trends. This Global Bike and Scooter Rental Market report is quite fruitful in helping to understand the market definition and all the aspects of the market including the CAGR value and key profiles.

This report will help you understand:
o Market share (regional, product, application, and end-user) both in terms of volume and revenue along with CAGR from 2019 to 2026
o Key parameters which are driving market and restraining its growth.
o Report will help you understand Industry Research, Market Size and Forecast, Market Entry Strategy, Competitive Intelligence, Pricing Analysis, Consumer Insights, Procurement Intelligence, Next-generation Technologies, etc.

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Customization of the Report:
o All segmentation provided above in this report is represented at country level
o All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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