Motorcycle Rental Market Size, Share & Trends Analysis Report By Product (Commuter, Luxury), By Type (Off Road, On Road), By Application (Tourism, Commute), By Region And Segment Forecasts, 2024 - 2030
Motorcycle Rental Market Size, Share & Trends Analysis Report By Product (Commuter, Luxury), By Type (Off Road, On Road), By Application (Tourism, Commute), By Region And Segment Forecasts, 2024 - 2030
Motorcycle Rental Market Size & Trends
The global motorcycle rental market size was estimated at USD 354.4 million in 2023 and is projected to reach USD 701.4 million by 2030, growing at a CAGR of 10.5% from 2024 to 2030. Rising traffic congestion in large cities worldwide is becoming a primary market driver, encouraging more people to turn to commuter motorcycles as a reliable way to navigate urban areas.
Furthermore, with environmental concerns and rising consciousness pertaining to air pollution and its adverse effects on health, there is a noticeable trend toward electric vehicles among rental customers. Key players are also endeavoring in the electric vehicle segment, transitioning from conventional petrol motorcycles.
Social media has emerged as a significant tool for influencing adventure travelers, amplifying trends in the market for adventure motorcycle rental. The demand for off-road motorcycles and luxury brand rental motorcycles are emerging segments in the market.
The demand for off-road motorcycle travel has been experiencing a notable rise owing to demographic shifts, technological advancements, and changing travel preferences. Modern off-road motorcycles offer a more reliable and comfortable experience that is completely equipped with technology that enhances the riding experience.
Global Motorcycle Rental Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the motorcycle rental market based on product, type, application, and region:
Product Outlook (Revenue, USD Million, 2018 - 2030)
Commuter Motorcycles
Luxury Motorcycles
Type Outlook (Revenue, USD Million, 2018 - 2030)
Off Road
On Road
Application Outlook (Revenue, USD Million, 2018 - 2030)
Tourism
Commute
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
Australia
South Korea
Latin America
Brazil
Argentina
Middle East & Africa
South Africa
Saudi Arabia
UAE
Please note The report will be delivered in 4-8 business days upon order notification.