Press release
Scooter Rental Market by Operational Model, Propulsion, Service, and Application (2023-2032)
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COVID-19 Impact analysis
The COVID-19 outbreak has disrupted the automotive industry on a large scale. It has led to the suspension of manufacturing facilities and a fall in the volume of sales. Also, the demand for both commercial and passenger vehicles has shown a downward trend in 2020.
Apart from this, the outbreak has forced people to be confined in their homes only due to which the rate of outing has decreased. This decline, as expected, will affect the scooter rental industry adversely. The budget allocation for R&D is likely to be less, which will hamper the innovation of a two-wheeler. However, companies are taking preventive measures to tackle the adverse effects of the outbreak.
Top Impacting Factors
Increasing preferences of micro-mobility services as a mode of transportation due to their cost-effectiveness and focus on development and availability of sustainable modes of transportation are expected to drive the growth of the global scooter rental market.
Lack of infrastructure availability required for the successful operations of this service and higher expenditure incurred on marketing and promotions of these services in comparison to the revenues generated by the major market players is reducing the sustainability of smaller players acts as a major factor restraining the growth of the global scooter rental market.
Growing traffic congestion on roads and adoption of electrically powered vehicles can provide new opportunities for the global scooter rental market.
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Market Trends
Electric Scooter - Future of Automotive Industry
Cities across the country are facing congestion and pollution caused by rapid urbanization, which tremendously pressurizes the public transportation system. The two-wheeler rental market provides a solid solution for the local tourism industry and greatly promotes the development of the local industry. In addition, electric scooters are slowly entering the market, for example, few Indian startups, such as Zipp and eBikeGo, provide electric scooter rental services in selected cities. Also, the world seems to be ready for the rebirth of electric vehicles (EVs), as issues ranging from environmental issues to fluctuating oil prices continue to push consumers to switch to internal combustion engine alternatives, so the global electric vehicle market is exploding. Several factors have led to the increasing use of e-scooter and e-scooter exchange services. These include rapid urbanization, growing populations of Gen Z and Millennials, and increasing concerns about environmental friendliness and sustainability. During the forecast period, the penetration of electric fleets may promote the development of the scooter rental market as both the e-scooter market and the scooter rental market are directly related to each other so the increase in the consumption of electric scooters will lead to the growth of the scooter rental market.
Key benefits of the report:
This study presents the analytical depiction of the scooter rental industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of scooter rental market.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the scooter rental market growth scenario.
The report provides a detailed scooter rental market analysis based on competitive intensity and how the competition will take shape in coming years.
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Questions answered in the scooter rentals market research report:
Which are the leading market players active in the scooter rental market?
What would be the detailed impact of COVID-19 on the market?
What current trends would influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the scooter rental market?
What are the projections for the future that would help in taking further strategic steps?
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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