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Allied Market Research

Motorcycle Rentals Market by Type (Luxury Motorcycle and Commonly Motorcycle) and Application (Motorcycle Tourism and Commutes): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10178
Pages: NA
Feb 2021 | 15 Views
 
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Motorcycle rental is a business that allows individuals to rent motorcycles for a time period and return it when their requirement is over. In the motorcycle rental market, owners of motorcycle rental firms allow users to rent their motorcycles. Renting can be annually, monthly, and on daily basis. This avoids the burden of shipping of motorcycles to the users when they want. Renting motorcycles allow users to use the 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 motorcycle rental. Therefore, this results in the growth of the motorcycle rental market in near future.

Market scope and structure analysis:

Report Metric

Derails

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type, Application

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Harley-Davidson Inc., Moto Quest, Coup Mobility, Bolt Bikes, Spinlister, Emmy Sharing, eCooltra, Bird Rides, UBER, and Mobycy

 

COVID-19 scenario analysis:

  • The decline in the motorcycle rentals market growth is primarily due to the spread of COVID-19 across the globe.
  • More population results in more demand for rental motorcycles; however, due to COVID-19, there is no traffic and no demand for vehicles and motorcycle rentals.
  • COVID-19 pandemic has restricted travel and use of vehicles. They 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 motorcycle rentals market.
  • Technological restrictions, maintenance issues, and high prices are expected to hamper the steady growth of the motorcycle rentals market over the forecast period.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

The significant factors that impact the growth of the motorcycle rentals market are high purchasing cost of luxury bikes and lack of proper roads and infrastructure. However, increase in disposable income and lack of availability in every city hamper the growth of the automotive motorcycle rentals market. Furthermore, rise in number of bike tours across the globe is expected to fuel the motorcycle rentals market growth.

High purchasing cost of luxury bikes

High purchasing cost of luxury bikes and growth in perception of luxury motorcycles have resulted in increase in demand for rental bikes. Motorcycle rental companies provide various luxurious 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 motorcycles rentals market in near future.  

Increase in demand for roads trips and tourism

Increase in popularity of various motorcycle racing activities across the globe has increased the demand for motorcycle rental services. Moreover, wide use of internet for reservations of tips and bookings is expected to provide various growth opportunities for the motorcycle rentals market. Therefore, this leads to the market growth in near future.

Key segments covered:

Segments

Sub-segments

   Type

  • Luxury Motorcycle
  • Commonly Motorcycle

  Application

  • Motorcycle Tourism
  • Commutes 

 

Key benefits of the report:

  • This study presents the analytical depiction of the 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 derailed analysis of the motorcycle rentals market share.
  • The current market is analyzed from 2020 to 2027 to highlight the motorcycle rentals market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a derailed motorcycle rentals market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the motorcycle rentals market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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