Bike and scooter rental Market is Expected to Grow at a CAGR of over 19.9% | During 2022-2028 | Vantage Market Research

Bike and scooter rental Market by Service Type (Pay as you go, Subscription-based), by Propulsion (Pedal, Electric, Gasoline), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)

According to Vantage market research the Global Bike and scooter rental market was valued at USD 2.89 Billion in 2020 and is projected to reach USD 11.04 Billion by 2028, growing at a CAGR of 19.9% from 2021 to 2028.

Key Findings and Insights from the report:

• The report presents the estimated CAGR of 19.9% size of the Bike and scooter rental Market at the end of the forecast period.
• The Global Bike and scooter rental market is predicted to reach a value of USD 11.04 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.

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Bike and scooter rental is a new concept of ridesharing introduced by vehicle rental companies. Under this, people easily borrow a bike from their nearest dock and return it to another dock near their destination. It is an innovative and affordable concept of travel.
Since micro-mobility refers to transportation that covers short distances, bike sharing has brought a remarkable change to the urban landscape. These dock bikes are affordable apart from providing anywhere pickup and drop-off facility. Fewer regulations offer benefits of accelerated implementation of bike sharing, especially in Asia

Market Segmentation:

By Service Type:

• Pay as you go
• Subscription-based

By Propulsion:

• Pedal
• Electric
• Gasoline

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COVID-19 Impact Analysis of Bike and scooter rental Market:

When the Covid-19 pandemic began in China, it sent shock waves to countries around the world. And as the number of cases continued to rise, it forced governments around the world to take serious action such as border seals, lockdowns and enforce strict social distancing measures to avert imminent catastrophe. These actions had a dramatic effect on the economy, as industrialists around the world were forced to halt their production, leading to supply chain disruptions and the loss of various industries. Thus, a fall in the global markets.

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The Bike and scooter rental market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)

List of Leading Players in the Global Bike and scooter rental Market:

• Lime
• Jump
• Bird
• OFO
• Grow Mobility
• Nextbike
• Cityscoot
• Coup

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Reason for buying this Bike and scooter rental market Report:

• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Bike and scooter rental market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Bike and scooter rental market and provides possible solutions to those problems.

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