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Introduction of Electric Vehicles and High Demand for Urban Commute Expected to Drive the India Rental Two Wheeler Market: Ken Research

12-11-2020 01:03 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

Introduction of Electric Vehicles and High Demand for Urban

Bounce has partnered with CredR, India's largest used two-wheeler brand for providing high-quality, refurbished two-wheelers that will be listed on Bounce's platform under various long-term rental and subscription schemes.

Mobility startups such as Bounce, Vogo and Onn Bikes, among others, are actively looking to include a bigger component of EVs in their respective fleets ensuring cheaper commute and greener environment.

Two-wheeler rental start-ups will see demand surge post Covid as people try to avoid public transport services for office commutation and owning a vehicle is an expensive solution.

Introduction of New Business Models: Rental two wheeler companies are focusing on developing new models to provide stress-free, faster, reliable and convenient commute solutions. Dockless model is one such solution offered by Bounce and Vogo, where an individual can pick up and drop the vehicle anywhere, anytime. Onn Bikes has developed a lease-to-own model to double down on ownership trends. Facing an economic slowdown, low EMIs, flexible leases could attract new buyers or renters and alternative financing models may emerge. It is anticipated that more players will follow and adopt these new models to provide cheaper commutation solutions to an individual.

Expansion to Major Tier 1 and Tier 2 Cities: Bike rental operations are still more of a South India thing. Most of the start ups are providing rental solutions in Bengaluru, Hyderabad and other southern cities. With the increasing demand, more players are expected to expand their presence by raising funds from investors, increasing their fleet, tapping in new and unexplored cities. Rental two wheelers can solve a major problem of last mile connectivity in metro cities and semi urban cities where hardly any public transportation is seen. The local transport authorizes are also supporting the idea of bike renting start-ups as they are actually solving the bigger problem of last mile connectivity gaps. Bike renting is becoming need of the hour that can help the commuters without contributing extra to city’s growing pollution and traffic congestions.

For More Information on the research report, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/india-rental-two-wheeler-market-outlook-to-2025/392369-100.html

Long Term Positive Impact of Covid-19: Post-Covid world will force a lot of people to adapt to private vehicle transport and the lightest-on-pocket way for them will be to use rented or shared vehicles. The post pandemic period is expected to be a golden window for the rental two wheeler players. Customer demand is expected to be at an all time high with growing awareness about the importance of social distancing and a private vehicle. B2B contracts & Long term rentals would see huge growth in the post pandemic world. Yulu has seen an emerging trend among its user base who are now using the bikes for longer distances and longer rides. Services such as doorstep delivery of rental vehicle, offering sanitization kits, etc. which were started during the pandemic are likely to be followed even after the pandemic.

Analysts at Ken Research in their latest publication “India Rental Two Wheeler Market Outlook to 2025 - Driven by Introduction of Electric Vehicles and Adoption of Dockless System in Vehicles” observed that the rental two wheeler market in India has a great potential to grow supported by the booming tourism, rapid digitalization and high inter-state migration. The advanced technology and additional features implemented by players such as dockless model, flexible ownership model, keyless tech, etc. is expected to boost growth of rental two wheeler market in the years to come. Introduction of EV fleets in the micro mobility segment to cater to first and last mile travel solutions is also expected to drive the industry in the future. The India Rental Two Wheeler Market is expected to grow at a CAGR of 11.6% on the basis of GTV over the forecast period 2020-2025.

Keywords:-
India Rental Two Wheeler Market
India Rental Two Wheeler Industry
India Rental Two Wheeler Market Revenue
India Rental Two Wheeler Market Major Players
India Rental Two Wheeler Market Future Outlook
Covid-19 Impact India Rental Two Wheeler Industry
Covid-19 Impact India Rental Two Wheeler Market
India Rental Two Wheeler Organized Market
India Rental Two Wheeler Unorganized Market
India Rental Two Wheeler Organized Owned Fleets Market
India Rental Two Wheeler Organized Leased Fleets Market
India Rental Two Wheeler Scooters Market
India Rental Two Wheeler Motorcycles Market
India Rental Two Wheeler E-Bikes Market
India Rental Two Wheeler Commuter Bike Market
India Rental Two Wheeler Sports Bike Market
India Rental Two Wheeler High End Bike Market
India Rental Two Wheeler Physical Stores
India Rental Two Wheeler Consultancy Companies
Bangalore Rental Two Wheeler Market
Goa Rental Two Wheeler Market
Mumbai Rental Two Wheeler Market
Pune Rental Two Wheeler Market
Jaipur Rental Two Wheeler Market
Delhi NCR Rental Two Wheeler Market
Hyderabad Rental Two Wheeler Market
Self Ride Two Wheeler Market India
Scooter Rental Market India
Motorcycle Rental Market India
Bike Rental Market India
Electric Two Wheeler Rental India
India Rental Two Wheeler Fleets
Rental Two Wheeler Major Cities India
India Rental Vehicle Tourism Market
India Rental Two Wheeler Technology
India Rental Two Wheeler Security Mechanism
India Rental Two Wheeler Customer Behavior Analysis
India Rental Two Wheeler Pricing Analysis

Key Segments Covered:-
By Market Structure (in Terms of Fleets and GTV)
Organized Market
Unorganized Market

By Type of Organized Market Fleets
Owned Fleets
Leased Fleets

By Major Cities (in terms of Fleets)
Bangalore
Goa
Mumbai
Pune
Jaipur
Delhi NCR
Hyderabad

By Type of Two Wheelers (in terms of Fleets)
Scooters
Motorcycles
E-Bikes

By Type of Bikes
Commuter
Sports
High End Bike

By Purpose (in terms of B2C Bookings)
Commuting
Leisure

By Booking Package (in terms of B2C Bookings)
Hourly
Daily
Weekly
Monthly

By Booking Channel (in terms of B2C Bookings)
Online App/Website
Physical Store
Booking via Call

By Usage (in terms of B2C Bookings)
Intracity Bookings
Intercity Bookings

Companies Covered:-
Bounce
VOGO Rentals
Drivezy
Yulu Bikes
ONN Bikes
RenTrip
Royal Brothers
ZopRent
Boongg
ZipHop
Wheelify
eBikeGo
RidoBiko
Bykemania
Mobycy
GoBikes
Faebikes

Key Target Audience:-
Rental Two Wheeler Players
Two Wheeler OEMs
Consultancy Companies
Industry Associations
Regulatory Bodies

Time Period Captured in the Report:-
Historical Period – 2017-2020
Forecast Period – 2020-2025

Key Topics Covered in the Report:-
India Rental Two Wheeler Market: Market Overview
Rental Two Wheeler Sourcing Methods
Rental Two Wheeler Market Customer Journey
India Rental Two Wheeler Market: Market Size, FY’2017-FY’2020
Market Size Scenario on the Basis of GTV and Fleet Size
India Rental Two Wheeler Market: Market Segmentation, FY’2020
India Rental Two Wheeler Market Growth Drivers
India Rental Two Wheeler Market Trends & Developments
India Rental Two Wheeler Market Challenges
India Rental Two Wheeler Market SWOT Analysis
Competitive Landscape of India Rental Two Wheeler Market
India Rental Two Wheeler Market Cross Comparison
India Rental Two Wheeler Market Pricing Analysis
India Rental Two Wheeler Market Company Profiles
India Rental Two Wheeler Market Customer Behavior Analysis
Future Market Size and Segmentations, 2020-2025F
Covid-19 Impact on India Rental Two Wheeler Market
Analyst Recommendations

Related Reports:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/india-used-two-wheeler-market-outlook-to-2025/384703-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/saudi-arabia-used-car-market-outlook-to-2025/356552-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/india-self-drive-car-rental-market-outlook/276728-100.html

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. Ken Research provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving over 70% of fortune 500 companies globally, some of top consulting companies and Market leaders seek Ken Research’s intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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