Bike Rental Market Outlook 2029: Presents Market Insights & Depth Analysis
Bike rental market is anticipated to grow at a significant CAGR during the forecast period. Increased domestic and international tourism, as well as increased migration of individuals across cities, are driving the market forward. Furthermore, one of the important factors driving the growth of the global bike rental market is technological advancement and increased internet penetration. For decades, small players have operated unorganised bike rental services all across the globe. The feasibility of bike rental services has increased thanks to technical advancements such as live vehicle location tracking and remote car locking.The global success of the ride-hailing sector is inspiring confidence in investors in the bike rental industry. As a result, entrepreneurs with a strong business plan can secure large capital. Some of the key companies operating in the bike rental market include ANI Technologies Pvt. Ltd., Didi Chuxing Technology Co., Lyft, Inc., Wickedride Adventure Services Pvt. Ltd. (Bounce) and so on. To maintain a strong position in the market, these market players adopt various strategies such as product launches, partnerships, collaborations, and mergers and acquisitions. For instance, Bounce, an electric bike rental firm based in India, received $105 million in investment from Accel and B Capital Group in January 2020. Limited awareness, low price, and high beginning costs, as well as a lack of charging infrastructure for electric bikes, are some of the industry's primary challenges.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Vehicle Type
By Propulsion Technology
By Operation Mode
Competitive Landscape: ANI Technologies Pvt. Ltd., Didi Chuxing Technology Co., Lyft, Inc., Wickedride Adventure Services Pvt. Ltd. (Bounce) and so on.
Bike Rental Market by Segment
By Vehicle Type
Motor Bike
Scooter
By Propulsion Technology
Gasoline
Electric
Pedal
By Operation Mode
Dockless
Docked
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Bike Rental Market by Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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