Motorcycle Rental Market Size 2023-2028 Research Report with Upstream, Downstream Analysis, Drivers, Companies Analysis and Regional Forecast

IMARC Group has recently released a new research study titled "Motorcycle Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global motorcycle rental market size reached US$ 207.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 411 Million by 2028, exhibiting a growth rate (CAGR) of 11.5% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Market Outlook:

Motorcycle rental is a service that enables people to rent motorcycles for a predetermined amount of time. It primarily operates at parks, beaches, or other locations with frequent traveler visits. Bike shops and garages offer motorcycle rental services on an hourly, daily, weekly, or monthly basis with additional facilities, such as panniers, helmets, and riding gear. They offer flexible schedules and movements and enable the users to ride without the responsibilities and hassles associated with ownership. 

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Motorcycle Rental Market Trends: 

The primary factor accelerating the global motorcycle rental market is the increasing trend of road trips and rising tourism activities. The shifting consumer preference toward motorcycle rental services can also be attributed to its various advantages, such as no maintenance and increased convenience. Moreover, the availability of a variety of luxury motorbikes at an affordable rental fee and rising consumer expenditure power are bolstering the market growth. In line with this, key service providers are offering ease in internet booking and are investing heavily in aggressive promotional activities to increase their consumer base, which is positively contributing to the market growth. Other factors, such as the surging working populace and rising consumer awareness regarding the benefits of motorcycle rentals, are creating a positive outlook for the market.

Key Companies Covered: 

• Adriatic Moto Tours
• EagleRider
• Harley-Davidson Inc.
• MotoQuest
• Motoroads
• Rental 819 (Kizuki Rental Service)
• The Hertz Corporation
• WickedRide Adventure Services Pvt. Ltd.

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Key Market Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Luxury Motorcycle
• Common Motorcycle

Breakup by Booking Channel:

• Websites
• Apps

Breakup by Application:

• Motorcycle Tourism
• Commutes

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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