Press release
Adventure Bike Rental Market Gears Up for Growth Amid Rising Travel & Outdoor Trends
Adventure Bike Rental Market
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Key Market Players
Motoroads, Hertz Ride, Adriatic Moto Tours, EagleRider, Wheelstreet, Dubbelju Motorcycle Rentals, Harley-Davidson, Kizuki Rental Service, MotoQuest, Wickedride Adventure
Top Impacting Factors
✦High purchasing cost of adventure bikes, increase in demand for roads trips & tourism, digitization to surge the market, and increase in disposable income are driving the growth of the market.
✦Lack of availability of rental adventure bike in every city hamper the growth of the adventure bike rental market.
✦Rise in number of bike tours across the globe is expected to fuel the adventure bike rental market growth.
The adventure bike rental market trends are as follows:
High purchasing cost of luxury bikes
High purchasing cost of adventure bikes and growth in perception of adventure motorcycles have resulted in increase in demand for adventure rental bikes. Motorcycle rental companies provide various adventure motorbikes on rent at an affordable rate. Attributed to affordability and convenience, consumers adopt rental services instead of buying. This leads to the growth of the adventure bikes rental market in near future.
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Increase in demand for road trips & tourism
Increase in popularity of various motorcycle racing activities across the globe has increased the demand for adventure bike rental services. Cities across the country are facing an epidemic of traffic congestion and pollution caused by rapid urbanization that is putting severe pressure on public transportation systems. Adventure bike rental market is providing a sound solution and a massive boost to local tourism at the same time, as the young generation prefers to explore on two wheels on their own, as it is cheap and convenient. Various startups such as VOGO, Bounce provide QR based dockless rental bike, this system allows user to unlock and use bike with the help of smartphone application. Moreover, wide use of internet for reservations of trips is expected to provide various growth opportunities for the adventure bike rental market. The conventional motorcycle rental local players are providing monthly and weekly rental services to the daily commuters. Thus, increase in demand for roads trips and tourism is driving the market for adventure bike rental market.
Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
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Questions answered in the adventure bike rental market research report:
👉Which are the leading market players active in the adventure bike 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 adventure bike 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 Portland, Oregon. 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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