Bike Rental Market 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
The report incorporates the study of the global bike rental market that focuses on the bike rental service for short to medium distance commuting for a price or free. It is available at on-street docked or dock-less stations, allowing commuters to borrow a bike and return it at another station. The bike rental companies offer the motorcycles/scooters as per the customer's requirement based on the hourly, daily, weekly, and monthly renting duration, along with additional facilities like panniers, helmets, riding gears, and many more. For instance, in October 2020, Lime partnered with Hilton, a leading hotel in London, to help guests to see London safely. It offered hotel guests new to Lime the first 15 minutes of a JUMP ride free at all participating Hilton hotels, which was enough time to get to nearby attractions. Also, regularly sanitized helmets were made available at the reception desk of each hotel. Moreover, bike rental services have also been cited to solve the last mile problem of public transit networks. These services are an innovative solution to the urban mobility challenges and effectively promote urban more sustainable and environmentally friendly mobility.
The factors such as rise in venture capital and strategic investments, increasing inclusion e-bikes in the rental fleet, and rise in demand for short-term rental services supplement the growth of the bike rental market. However, high initial investment cost and rise in bike vandalism & theft are the factors expected to hamper the growth of the bike rental market. In addition, technological advancement in bike rental system and increasing government initiatives for the development of rental-bike infrastructure creates market opportunities for the key players operating in the bike rental market.
For the purpose of analysis, the global bike rental market is segmented on the basis of service type, propulsion, operational model, distance travelled and region. By service type, the market is divided into pay as you go and subscription based. By propulsion, it is fragmented into pedal and electric. By operational model, it is categorized into dockless and station based. By distance travelled, it is further classified into short trip (less than 5 km), medium trip (5 km to 15 km), and long trip (more than 15 km). By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the bike rental market are Bird Rides, Inc., Bolt Technology OÜ, Bounce, Cityscoot, Cooltra, Drivezy, Inc., Lime, Lyft, Inc., Nextbike GmbH, ONN Bikes, SG Bike Pte Ltd, Spin, Tembici, Uber Technologies Inc., Vogo Automotive Pvt. Ltd., VOI Technology, and Yulu Bikes Pvt Ltd.
Key Benefits For Stakeholders
This study presents analytical depiction of the global bike rental market analysis along with current trends and future estimations to depict imminent investment pockets.
The overall bike rental market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global bike rental market with a detailed impact analysis.
The current bike rental market is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
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)
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Bird Global Inc
Bolt
Bounce
Cityscoot
Cooltra
Drivezy, Inc.
Lime
Lyft, Inc.
Nextbike GmbH
ONN Bikes
SG Bike Pte Ltd
Spin
Tembici
Uber Technologies Inc.
Vogo Automotive Pvt. Ltd.
VOI Technology
Yulu Bikes Pvt Ltd
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