Bike and Scooter Rental Market Poised to Reach US$16.9 Bn by 2032 - PMR Report

The bike and scooter rental market is emerging as a key solution for urban mobility, providing convenient, eco-friendly, and cost-effective alternatives to traditional transportation. With increasing traffic congestion, environmental concerns, and rising adoption of shared mobility services, these rentals are becoming a preferred choice for daily commuting and last-mile connectivity. According to the latest study by Persistence Market Research, the global bike and scooter rental market size was valued at US$ 5.4 Bn in 2024 and is expected to grow from US$ 6.2 Bn in 2025 to US$ 16.9 Bn by 2032, expanding at a CAGR of 15.5% during the forecast period. Growth is primarily fueled by the rising demand for sustainable transportation options and the proliferation of technology-enabled rental platforms.

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Key Market Insights
• The global market is projected to grow from US$ 6.2 Bn in 2025 to US$ 16.9 Bn by 2032 at a CAGR of 15.5%.
• Urban commuters and millennials are the leading consumer segment due to convenience and cost-effectiveness.
• Asia Pacific dominates the market, driven by rapid urbanization, traffic congestion, and growing environmental awareness.
• Integration of mobile applications and IoT-enabled smart vehicles is shaping service delivery innovation.
• Electric bikes and scooters are creating new opportunities, aligning with sustainability and zero-emission goals.

What Are the Main Drivers of the Bike and Scooter Rental Market?

The primary drivers include the increasing need for convenient urban mobility, rising traffic congestion, and growing environmental concerns. Shared mobility platforms allow users to access bikes and scooters on-demand, reducing reliance on private vehicles. The shift towards electric two-wheelers supports government initiatives for emission reduction while providing a cost-efficient solution for short-distance travel. Additionally, tourism growth in urban centers is boosting demand for rental services as visitors seek flexible transportation alternatives.

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Market Dynamics

Drivers: Rising adoption of shared mobility solutions, the popularity of electric bikes and scooters, and technology integration through mobile apps are driving market growth.

Restraints: High maintenance costs, safety concerns, and regulatory challenges in urban areas could limit growth.

Key Market Opportunity: Expansion into untapped emerging markets and integration of AI-based fleet management solutions provide significant growth potential for service providers.

Market Segmentation

By Vehicle Type

Bikes
Scooters

By Propulsion Type

Pedal
Electric
Gasoline

By Service Type

Pay-as-you-ride
Subscription-based

By Region

North America
Europe
Asia Pacific
South Asia and Oceania
Latin America
Middle East and Africa

Regional Insights

Asia Pacific is the largest and fastest-growing market, driven by urbanization, rising disposable income, and traffic congestion in cities like Beijing, Shanghai, Mumbai, and Jakarta. North America follows, supported by technological innovation, sustainability awareness, and established bike-sharing platforms. Europe benefits from supportive government policies promoting green transportation and shared mobility programs. Latin America and the Middle East & Africa are emerging regions where urban congestion and increasing adoption of shared mobility are creating new growth opportunities.

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Competitive Landscape
The bike and scooter rental market is highly competitive, with companies focusing on fleet expansion, app-based services, and green mobility solutions to strengthen their market presence.

Company Insights
✦ Lime
✦ Bird Rides, Inc.
✦ Tier Mobility
✦ Voi Technology
✦ Spin (Ford-backed)
✦ Yulu Bikes
✦ Bounce
✦ Ofo (China)
✦ Scoot Networks
✦ Helbiz

Key Industry Developments
In recent years, major players have focused on expanding their fleets of electric bikes and scooters while integrating app-based payment systems and real-time tracking. Partnerships with local governments and mobility platforms have enabled smoother operations and regulatory compliance. Companies are increasingly investing in AI-based fleet management and predictive maintenance to improve operational efficiency and customer experience.

Innovation and Future Trends
The future of the bike and scooter rental market lies in electric mobility, IoT integration, and AI-driven operational efficiency. Innovations in battery technology, lightweight designs, and smart apps are enhancing user convenience. Additionally, the adoption of micro-mobility hubs, integration with public transport, and sustainable energy solutions are expected to create long-term growth opportunities. These developments position the market for significant expansion as cities increasingly embrace shared, eco-friendly transportation solutions.

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