Press release
Accelerating Growth : India's Bike Taxi Market Set to Hit $1,478.0 Million by 2030
India Bike Taxi Market
๐ฐ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A15920
Rise in trend for on-demand ride hailing services, surge in traffic congestion in Indian cities, and increased demand for first and last mile connectivity drive the growth of the India bike taxi market. However, legal issues associated with bike taxi services and resistance from local public transport operators hampered the market growth. Moreover, technological advancements in bike sharing system and increase in the inclusion of e-bikes are expected to generate potential opportunities for the market during the forecast period.
๐๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐๐๐๐ซ๐ฌ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐๐ง๐๐ข๐ ๐๐ข๐ค๐ ๐ญ๐๐ฑ๐ข ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐ ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ญ๐ฒ๐ฉ๐ ๐๐ง๐ ๐ฉ๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง ๐ญ๐ฒ๐ฉ๐.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ญ๐ฒ๐ฉ๐, the motorcycle segment held the highest market share in 2021, holding nearly three-fourths of the total market share, and is expected to continue its leadership status during the forecast period. However, the scooters segment is estimated to register the highest CAGR of 51.3% from 2022 to 2030.
๐ฐ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/india-bike-taxi-market/purchase-options
๐๐๐ฌ๐๐ ๐จ๐ง ๐ฉ๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง ๐ญ๐ฒ๐ฉ๐, the ICE segment held the largest market share in 2021, holding nearly 93% of the total market share, and is expected to continue its leadership status during the forecast period. However, the electric segment is projected to register the highest CAGR of 80.6% from 2022 to 2030.
Factors such as increased trend of on-demand ride hailing services, surge in traffic congestion in cities, and rise in demand for first and last mile connectivity are expected to drive the growth of the India's bike taxi market. However, legal issues associated with bike taxi and resistance from local public transport operators restrains the market growth. On the contrary, surge in inclusion of e-bikes and technological advancement in bike sharing system is projected to offer lucrative growth opportunities for the market players.
๐๐๐ฃ๐จ๐ซ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:-
Baxi,
Bikxie,
Desto-Bike Taxi,
Dunzo,
Jugnoo,
Mopedo,
Ola (ANI Technologies Pvt Ltd),
PykUpz,
Rapido,
Uber Technologies, Inc.
๐ฐ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A15920
๐๐๐๐๐-๐๐ ๐ฌ๐๐๐ง๐๐ซ๐ข๐จ:
โถ๏ธThe outbreak of the COVID-19 pandemic led to have a negative impact on the growth of the India bike taxi market, owing to the implementation of the lockdown.
โถ๏ธSocial distancing norms and regulations implemented by healthcare and government authorities encouraged citizens to maintain a two-meter distance from other people for safety. This has restricted the usage of ride hailing services such as cabs and bike taxis for daily commute. Users prefer to travel in their personal vehicles due to safety concerns, which hampered the taxi business.
โถ๏ธIn 2020, along with the cab and ride sharing industry, bike taxi companies such as Rapido, Ola, Uber, and others suffered severely due to travel restrictions and lockdowns. For instance, in March 2020, leading bike taxi provider Rapido and OLA temporarily suspended their operations in India.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/bike-taxi-market-A10177 - Bike Taxi Market Size, Share, Competitive Landscape and Trend Analysis Report by VEHICLE TYPE (Motorcycle, Scooter) and by PROPULSION TYPE (ICE, Electric): Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/bike-rental-market-A09610 - Bike Rental Market Size, Share, Competitive Landscape and Trend Analysis Report by Service Type (Pay as you go, Subscription Based), by Propulsion (Pedal, Electric), by Operational Model (Dockless, Station-Based), by Distance Travelled (Short Trip (Less Than 5 km), Medium Trip (5 km to 15 km), Long Trip (More Than 15 km)): Global Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/bike-sharing-market-A11309 - Bike Sharing Market Size, Share, Competitive Landscape and Trend Analysis Report by Bike Type (Traditional/Convectional Bikes, E-Bikes), by Sharing System (Docked, Dock-less): Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/adventure-bike-rental-market-A12233 - Adventure Bike Rental Market Size, Share, Competitive Landscape and Trend Analysis Report by Rental Duration (Short Term, Long Term), by Application (Touring, Commuting) and by Service Type (Pay as you go, Subscription Based): Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/tourism-vehicle-rental-market-A09114 - Tourism Vehicle Rental Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Economy vehicle, Luxury vehicle), by Booking type (Online, Offline) and by End user type (Self-driven, Rental agencies): Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/ride-sharing-market-A13712 - Ride Sharing Market Size, Share, Competitive Landscape and Trend Analysis Report by Booking Type (Online Booking and Offline Booking), Commute Type (Intracity and Intercity), and Vehicle Type (Cars, Motorcycles, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
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