Global Bike And Scooter Rental Market Size By Vehicle Type (Scooter, Bike), By Operational Mode (Station-Based, Dockless), By Propulsion (Pedal, Electric), By Geographic Scope And Forecast

Bike And Scooter Rental Market Size And Forecast

Bike And Scooter Rental Market size were valued at USD 6.45 Billion in 2024 and is projected to reach USD 23.43 Billion by 2031, growing at a CAGR of 17.50% from 2024 to 2031.

The Bike And Scooter Rental Market is experiencing significant growth owing to the increasing adaption for micro-mobility services as an easy means and budget-friendly mode of transportation. The Global Bike And Scooter Rental Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Bike And Scooter Rental Market Definition

The Bike And Scooter Rental is the type of vehicle hiring service that assists very light vehicles such as electric scooters, bicycles, pedelec, bikes, and scooters on rent for a particular period and distance and charge cost accordingly. The users can search for the station or docks on their mobile app, as the service providers of these services updated the information on the respective sources. These services enable the users to find the nearest station to rent out and submit out the vehicle in the most convenient manner.

Global Bike And Scooter Rental Market Overview

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Bike And Scooter Rental Market is experiencing significant growth owing to the increasing adaption of micro-mobility services as an easy means and budget-friendly mode of transportation.

The need for the development of sustainable means of transportation is the other important factor driving the growth of the market. In addition, the government’s focus on the reduction of traffic congestion is the other factor imposing a positive outlook on the market growth. However, the unavailability of the micro-mobility station is expected to hamper the market growth.

Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interest the client. The “Global Bike And Scooter Rental Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Bike And Scooter Rental Market Segmentation Analysis

The Global Bike And Scooter Rental Market are Segmented on the basis of Vehicle Type, Operational Mode, Propulsion, and Geography.

Bike And Scooter Rental Market, By Vehicle Type

• Scooter
• Bike
• Others

Based on Vehicle Type, The market is segmented into Scooter, Bike, and others. Scooter holds the largest market share in the segment and is expected to grow at the highest CAGR during the forecast period. Factors such have pocket-friendly transport, low-security charges, and availability is nurturing the market. Bike and other segments have also been estimated to grow at a decent pace during the forecast period

Bike And Scooter Rental Market, By Operational Mode

• Station-Based
• Dockless

Based on Operational Mode, The market is segmented into Station-Based, and Dockless. The station-based segment has accounted for better sales figures and it has been also estimated that the segment will true at the highest CAGR during the forecast period. Factors such as availability, parking, and security of the vehicle are what attract the customer and the service provider as well. The dockless operational mode requires manual supervision of availability security and parking. Nonetheless, this segment has also been estimated to grow at a decent pace during the forecast period

Bike And Scooter Rental Market, By Propulsion

• Pedal
• Electric
• Gasoline

The market for rental vehicles is divided into three types based on how they are poweredpedal, electric, and gasoline. The popularity of each type depends on how people use them. Pedal bikes are great for shorter trips and are the most commonly rented type. Electric and gasoline vehicles, on the other hand, are used for longer distances. Even though electric and gasoline vehicles are better for longer trips, pedal bikes are still in high demand because they are rented more often. This means that pedal bikes take up a larger share of the market. And experts predict that this trend will continue for the next few years. In terms of revenue, electric vehicles are the most profitable segment.

Bike And Scooter Rental Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

The bike and scooter rental market is divided into regions, including North America, Europe, Asia Pacific, and the rest of the world. Out of these, Asia Pacific is expected to witness the fastest growth, claiming the largest market share in the coming years. Asia Pacific will emerge as the dominant market by 2028. This growth is driven by factors like growing awareness of the benefits of renting vehicles instead of owning them. Additionally, the rising pollution and traffic congestion caused by the increasing number of vehicles are boosting the demand for rentals in the region. Leading countries like China and India are quickly adopting bike and scooter rental services, which is significantly contributing to the growth of the market in Asia Pacific.

Key Players

The “Global Bike And Scooter Rental Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Nextbike, Lyft, Inc., Cityscoot, Lime, Bird, ofo, Grow Mobility, Jump, Bolt and COUP.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Report Scope

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Reasons to Purchase this Report

Market Research Unleashed We've got your market covered, inside and out! By the Numbers We'll break down the market for you into key segments, considering both economics and lifestyle factors. Each segment and sub-segment comes with its estimated value in billions of dollars. Pinpoint the Hotspots We'll show you which region and segment is poised for explosive growth and market dominance.Regional Deep Dive For each region, we'll map out product or service consumption patterns and factors shaping the market. Who's Who We'll rank the top players, track their new products or services, partnerships, and expansions over the past five years.Inside the Companies Get detailed company profiles, including overviews, insights, product comparisons, and SWOT analyses. The Big Picture We'll give you a snapshot of the industry's current and future prospects, highlighting drivers, challenges, and opportunities in both established and up-and-coming markets.Tools of the Trade We'll employ Porter's five forces to analyze market competition. Our value chain analysis will provide a comprehensive look at industry dynamics.Growth Potential We'll identify upcoming opportunities and growth areas for the next few years. Support Team Our analysts will stick around for six months after you make your purchase, answering any questions you may have.

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