Bike and Scooter Rental Market To Witness Astonishing Growth 2026 | Mobike, Yulu, Jump by Uber, CITYSCOOT, Bird Rides, COUP Mobility, nextbike

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.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.

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Key Market Competitors:

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.

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

Segmentation: Global Bike and Scooter Rental Market

By Operational Model

o Dockless
o Station-Based

By Propulsion

o Gasoline
o Electric
o Pedal

By Service

o Pay as You Go
o Subscription-Based

By Vehicle Type

o Bike
o Scooter
o Others

By Application

o Short Trip
o Long-Distance
o Long-Distance Travel

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

Competitive Analysis:

Global bike and scooter rental market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bike and scooter rental market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Bike and Scooter Rental reports includes the following deliverable

o Macro Indicator Analysis
o Bike and Scooter Rental Market Overview
o Market Dynamics
o Drivers, Restraints, Opportunities and Challenges
o Market sizing and growth analysis
o Global Bike and Scooter Rental Market forecasting to 2025
o Market Competitive Landscape
o Product Launches and Pipeline Analysis
o Value Chain Analysis
o Market Mergers, Acquisitions and Agreements
o Company Profiles

This report scope includes a holistic study of the current dynamics of the market, industry growth and restraints of the Global Bike and Scooter Rental Market. It provides the market forecast to 2025, recent developments in the market and pipeline analysis of the major players. The report also includes a review of micro and macro forecasts, new entrant strategies, and market penetration strategies with a comprehensive value chain analysis.

Table Of Contents: Global Bike and Scooter Rental Market

Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix

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Key Questions Answered in Bike and Scooter Rental Report

o What will the Global Bike and Scooter Rental Market size be in 2025 and what will the growth rate be?
o What are the key market trends?
o What is driving this market?
o What are the challenges to market growth?
o Who are the key vendors in this market space?
o What are the market opportunities and threats faced by the key vendors?

Key reason to Purchase the Bike and Scooter Rental report

1. To describe and forecast the Global Bike and Scooter Rental Market, in terms of value, by process, product type, and industry.
2. To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
3. To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
4. To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the Global Bike and Scooter Rental Market growth
5. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various trocars across geographies.
6. To strategically analyze micro markets with respect to individual growth trends, prospects, and contribution to the overall market

Key focus of the Bike and Scooter Rental report

1. This report provides pin-point analysis for changing competitive dynamics
2. It provides a forward-looking perspective on different factors driving or restraining market growth
3. It provides five-year forecast assessed on the basis of how the market is predicted to grow
4. It helps in understanding the key product segments and their future
5. It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
6. It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

Customization of the Report

o The report includes the complete segmentation displayed above across all above mentioned countries
o All products covered in the Global Bike and Scooter Rental 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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