Press release
Electric Bike Rental Market will reach at 14.23 billion by 2032, at a CAGR of 21.9% key developmental strategies implemented by the key players:Uber Technologies Inc, Scootaround, Scoot, Lime, Lifestyle Bike Rentals AB, LA BICICLETA, Hellobike, GO ELECTRI
The global bike and scooter rental market is projected to grow from USD 4.12 billion in 2021 to 14.23 billion by 2032, at a CAGR of 21.9%. The rising demand for micro mobility and emission-free vehicles, growing traffic congestion, strict emission norms, and increasing demand for an economical mode of transportation are some of the major growth factors for the market."The recession is going to come very badly . Please get to know your market RIGHT NOW with an extremely important information."
Some of the Major Key players profiled in the study are Uber Technologies Inc, Scootaround, Scoot, Lime, Lifestyle Bike Rentals AB, LA BICICLETA, Hellobike, GO ELECTRIC, FUN&PRO, Cooltra Corporate, City Rider, Bird Rides,Inc.
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he India E-Bike Rental market is valued at USD 5 million in 2020 and is expected to hit USD 10 million by 2026 and is anticipated to register a CAGR of over 10% during the forecast period (2021 - 2026).
The outbreak of COVID-19 and the subsequent lockdowns have affected bike rentals in several countries. The impacts of the pandemic are visible in the decline in fewer bike rentals. Hence, the reduction in revenue due to the pandemic-induced disruptions hindered the growth of the market in 2020. However, it is expected to improve the market post-pandemic as most people are focussing to avoid public transportation and maintain social distance from others.
Due to the growing need to reduce emissions across the world, most countries are replacing existing fuel-based transportation with electric mobility. India, still in the very early stages of adopting EV's can be a huge market for E-bike rental companies. As most people are now aware of traffic congestion and pollution, India is looking towards a cleaner mode of transportation to tackle the situation.
The government initiatives like reduction of taxes on EV's and establishment of charging infrastructure attracting the investments in electric mobility and services based on it.
India's emerging E-Bikes rental startups like VOGO and Yulu are now heavily investing in R&D and charging infrastructure in order to cater bike rental services to more number of Indian Cities. They provide services estimated to be in over 150 Indian cities and towns and projected to reach 450 cities and towns by the end of 2020..
Various factors are responsible for the market's growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Electric Bike Rental market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market.
Global Electric Bike Rental Market Segmentation:
Electric Bike Rental Segmentation by Type:
Short-term Lease(Below 1 day), Long-term Lease(Above 1 day).
Electric Bike Rental Segmentation by Application:
Less than 20 Years Old, 20-30 Years Old, 31-40 Years Old, 41-50 Years Old, More than 50 Years Old
Key market aspects are illuminated in the report:
Executive Summary: It covers a summary of the most vital studies, the Global Electric Bike Rental market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Electric Bike Rental market, the years measured and the study points.
Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.
Manufacture by region: This Global Electric Bike Rental report offers data on imports and exports, sales, production and key companies in all studied regional markets
Market Segmentation: By Geographical Analysis
The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
The cost analysis of the Global Electric Bike Rental Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.
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Key questions answered in the report include:
who are the key market players in the Electric Bike Rental Market?
Which are the major regions for dissimilar trades that are expected to eyewitness astonishing growth for the Electric Bike Rental Market?
What are the regional growth trends and the leading revenue-generating regions for the Electric Bike Rental Market?
What will be the market size and the growth rate by the end of the forecast period?
What are the key Electric Bike Rental Market trends impacting the growth of the market?
What are the major Product Types of Electric Bike Rental?
What are the major applications of Electric Bike Rental?
Which Electric Bike Rental Services technologies will top the market in next 7 years?
Table of Contents
Global Electric Bike Rental Market Research Report 2022 - 2029
Chapter 1 Electric Bike Rental Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Electric Bike Rental Market Forecast
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This research report categorizes the bike and scooter rental market based on service type, propulsion, operational model, vehicle type, and region.
On the basis of by service type, the bike and scooter rental market has been segmented as follows:
Pay as you go
Subscription-based
On the basis of propulsion, the bike and scooter rental market has been segmented as follows:
Pedal
Electric
Gasoline
On the basis of operational model, the bike and scooter rental market has been segmented as follows:
Dockless
Station-Based
On the basis of vehicle type, the bike and scooter rental market has been segmented as follows:
Bike
Scooter
Others
On the basis of region, the bike and scooter rental market has been segmented as follows:
Asia Pacific
China
India
Japan
South Korea
Others
North America
US
Canada
Mexico
Europe
France
Germany
Italy
Russia
Spain
UK
Netherlands
Others
Rest of the World
Brazil
South Africa
Others
Recent Developments
In June 2019, Bird announced Bird Cruiser, the first seated vehicle from Bird, featuring padded seats to make a rider's journey comfortable; option of pedal-assist or peg to meet the preferences of riders; hydraulic disc brakes for reliable, safe, and responsive slowing and stopping; a 52 V battery to help ensure reliability and extend the "last mile"; advanced LCD matrix display for easy viewing; a custom motor to ensure a ride will not be disrupted by a hill or other incline; and industry leading standards for durability and reliability.
In June 2019, Lyft introduced its new bikes, 'Bay Wheels.' These are all new hybrid e-bikes launched especially for the Bay Area. It has features that would make bike sharing better than ever-such as pedal-assist for those infamous hills and a new lock that will let users park outside of a station.
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