Global Bike and Scooter Rental Market to Reach $22.7 Billion by 2030
The global market for Bike and Scooter Rental estimated at US$6.2 Billion in the year 2023, is expected to reach US$22.7 Billion by 2030, growing at a CAGR of 20.5% over the period 2023-2030. Pay As You Go Rental Service, one of the segments analyzed in the report, is expected to record 21% CAGR and reach US$13.4 Billion by the end of the analysis period. Growth in the Subscription-based Rental Service segment is estimated at 19.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 25.7% CAGR
The Bike and Scooter Rental market in the U.S. is estimated at US$1.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.1 Billion by the year 2030 trailing a CAGR of 25.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.5% and 17.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 16% CAGR.
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