Motorcycle rental services operate through a network of pickup or drop-off points and offer a range of two-wheelers that customers can pay, and ride whenever required. Motorcycle rental is a substitute for motorcycle ownership. In this system, motorcycles are owned by a firm that rents them to users on a daily basis, monthly basis, or annually. Over the years, motorcycle rental has evolved from a basic service provided by popular organizations to a widely recognized component of the modern urban transport industry. The automotive rental industry is quickly developing into a globalized industry that can provide many transportation benefits, environmental benefits, and social benefits. The demand for motorcycle rental services has increased significantly over the years because of the cost advantages it offers to users. Motorcycle rentals allow consumers to use vehicles without being burdened by ownership and maintenance costs. Megacities have high environmental pollution and traffic congestions. Thus, there is an increase in the demand for motorcycles rentals.
Technavio’s analysts forecast the global motorcycle rental market to grow at a CAGR of 7.74% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global motorcycle rental market for 2017-2021. To calculate the market size, the report considers the sales revenue of the motorcycle rental industry across different regions.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Motorcycle Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Market driver • Increase in road-trip tourism • For a full, detailed list, view our report
Market challenge • Rise in on-demand taxi operators • For a full, detailed list, view our report
Market trend • General trend of renting utilitarian items through e-commerce • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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