Global bike and scooter rental market is expected to rise to an estimated value of USD 7.06 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. Few of the major competitors currently working in the global bike and scooter rental market are CITYSCOOT; Lime; JUMP by Uber; Bird Rides, Inc.; ofo Inc.; COUP Mobility GmbH; nextbike GmbH; Lyft, Inc.; MOTOCRUIZER TECHNOLOGIES INDIA PVT.LTD.; Mobike; Spin; eCooltra; Bolt Bikes; Yulu Bikes Pvt Ltd; Mobycy; Vogo rentals; YUGO Urban Mobility SL; VOI Technology AB; emmy-sharing; Spinlister among others.
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- Increasing preferences of micro-mobility services as a mode of transportation due to their cost-effectiveness will drive this market growth
- Focus on development and availability of sustainable modes of transportation is having a positive impact on the growth of this market
- Various marketing campaigns and promotional offers provided by various market players of this services is enhancing the rate of adoption; this factor will also boost the growth of the market
- Focus of authorities on reduction of traffic congestion resulting in various promotions and benefitting programs for the adoption of this service will propel the market growth
- Lack of infrastructure availability required for the successful operations of this service; this factor is expected to hinder the growth of the market
- 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; this factor is expected to act as a restraint to the growth of the market
Furthermore, this Bike and Scooter Rental Market study will help our clients solve the following issues:
Cyclical dynamics – We foresee dynamics of industries by using core analytical and unconventional market research approaches. Our clients use insights provided by us to maneuver themselves through market uncertainties and disruptions
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Spotting emerging trends – Our Ecosystem offering helps the client to spot upcoming hot market trends. We also track possible impact and disruptions which a market would witness by a particular emerging trend. Our proactive analysis helps clients to have an early mover advantage
Interrelated opportunities – This Bike and Scooter Rental Market report will allow clients to make decisions based on data, thereby increasing the chances that the strategies will perform better if not best in the real world
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The titled segments and sub-section of the market are illuminated below:
By Operational Model
- Pay as You Go
By Vehicle Type
- Short Trip
- Long-Distance Travel
Region Included are: United States, Europe, China, Japan, Southeast Asia, India & Central & South America
Key Market Features in Global (United States, European Union and China) Bike and Scooter Rental Market:
The report highlights Bike and Scooter Rental market features, including revenue, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, supply & demand, cost bench-marking, market share, CAGR, and gross margin.
Analytical Market Highlights & Approach
The Global (United States, European Union and China) Bike and Scooter Rental Market report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.
How this report will help to boost your business economy globally
This market research report supports to secure economies in the distribution of products and find out the best way of approaching the potential.
This research gives an in-depth knowledge on what the recent developments are, product launches are, while also keeping the track for recent acquisitions, mergers, joint ventures and competitive research in the global market industry.
The report forecasts the size of the market with information on key vendor revenues, development of the industry by upstream and downstream, industry progress, key companies, along with market segment type and market application
The report provides the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer preferences and their buying patterns, market demand and supply scenarios.
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(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)
Analysts have also highlighted the potential restraints present in the global Bike and Scooter Rental market. With the help of market experts the report points out what changes companies can make to overcome these hurdles over the forecast years.
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Bike and Scooter Rental market
Chapter 2: Evaluating the leading manufacturers of the global Bike and Scooter Rental market which consists of its revenue, sales, and price of the products
Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales
Chapter 4: Presenting global Bike and Scooter Rental market by regions, market share and with revenue and sales for the projected period
Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions
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