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Allied Market Research

Adventure Bike Rental Market by Rental Duration (Short Term, and Long Term), Application (Touring, and Commuting), Service Type (Pay as you go, and Subscription Based): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12233
Pages: NA
Sep 2021 | 68 Views
   
Author(s) : Sonia Mutreja
Tables: NA
Charts: NA
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COVID-19

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Adventure Bike Rental Market Outlook 2030 -

Adventure bike rental is a business that allows individuals to rent bike for a time period and return it when their requirement is over. In the adventure bike rental market, owners of bike rental firms allow users to rent their bikes. Renting motorcycles allow users to use bikes for rides without maintenance and a burden of ownership. Moreover, due to cost advantage, various firms offer this to users, which increased the demand for adventure bike rental. Adventure bike rental companies offer the motorcycles/scooters as per as the requirements of the customers based on the hourly, daily, weekly, and monthly renting duration, along with additional facilities like panniers, helmets, riding gears and many more.

Market scope and structure analysis:

Report Metric

Details

 Market size available for years

 2020–2030

 Base year considered

 2020

 Forecast period

 2021–2030

 Forecast units

 Value (USD)

 Segments covered

 Rental Duration, Application, Service Type, and Region

 Regions covered

North America (U.S., Canada and Mexico), Europe (Germany, U.K, France, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), LAMEA (Latin America, Middle East and Africa)

 Companies covered

 

Adriatic Moto Tours, EagleRider, Hertz Ride, Motoroads, Wheelstreet, Dubbelju Motorcycle Rentals, Harley-Davidson, Kizuki Rental Service, MotoQuest, and Wickedride Adventure Services.


COVID-19 Impact analysis

The outbreak of Coronavirus is spreading at a rapid rate in the world and affecting all aspects of the society. The world health organization has declared COVID-19 as a global pandemic and has advised the affected countries to follow a complete lockdown. Social distancing will be a part of daily routine for longer time and this will include picking modes of transportation that involve no contact with others. This will positively impact bike rental services which offer better sanitization. However, Bike rental services are expected to restart only when the situation becomes stable. Travel and tourism industries are also affected by COVID-19 pandemic, which has hampered the growth of the adventure bike rental market. Moreover, the convenience and affordability offered by bike is anticipated to fuel the market.

Top Impacting Factors

  • High purchasing cost of adventure bikes, increase in demand for roads trips & tourism, digitization to surge the market, and increase in disposable income are driving the growth of the market.
  • Lack of availability of rental adventure bike in every city hamper the growth of the adventure bike rental market.
  • Rise in number of bike tours across the globe is expected to fuel the adventure bike rental market growth.

The adventure bike rental market trends are as follows:

High purchasing cost of luxury bikes

High purchasing cost of adventure bikes and growth in perception of adventure motorcycles have resulted in increase in demand for adventure rental bikes. Motorcycle rental companies provide various adventure motorbikes on rent at an affordable rate. Attributed to affordability and convenience, consumers adopt rental services instead of buying. This leads to the growth of the adventure bikes rental market in near future.

Increase in demand for road trips & tourism

Increase in popularity of various motorcycle racing activities across the globe has increased the demand for adventure bike rental services. Cities across the country are facing an epidemic of traffic congestion and pollution caused by rapid urbanization that is putting severe pressure on public transportation systems. Adventure bike rental market is providing a sound solution and a massive boost to local tourism at the same time, as the young generation prefers to explore on two wheels on their own, as it is cheap and convenient. Various startups such as VOGO, Bounce provide QR based dockless rental bike, this system allows user to unlock and use bike with the help of smartphone application. Moreover, wide use of internet for reservations of trips is expected to provide various growth opportunities for the adventure bike rental market. The conventional motorcycle rental local players are providing monthly and weekly rental services to the daily commuters. Thus, increase in demand for roads trips and tourism is driving the market for adventure bike rental market.

Digitization to surge the market

The rise of digitalization has accelerated the growth of automotive sector. The integration of internet and smartphones have opened new doors for innovation in automobile industry. Moreover, the supportive government developments for adoption of digitization and rising speed of internet are propelling the adventure bike rental market growth. Additionally, growing number of startups operating in the field of bike rentals have proliferated the market growth. For instance, in 2019, EBikeGo launched bike rental service in Delhi. Thus, digitization is surging the adventure bike rental market.

Key segments covered:

Segments

Subsegments

 Rental Duration

  • Short Term
  • Long Term

 Application

  • Touring
  • Commuting

 Service Type

  • Pay as you go
  • Subscription Based

 Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key benefits of the report:

  • This study presents the analytical depiction of the adventure bike rental market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the adventure bike rental market.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the adventure bike rental market growth scenario.
  • The report provides a detailed adventure bike rental market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the adventure bike rental market research report:

  • Which are the leading market players active in the adventure bike rental market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the adventure bike rental market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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