Bike And Scooter Rental Market: Key Players and Competitive Landscape

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The global bike and scooter rental market size was estimated at USD 5.54 billion in 2023 and is anticipated to grow at a CAGR of 16.8% from 2024 to 2030.

The global bike and scooter rental market size was estimated at USD 5.54 billion in 2023 and is anticipated to grow at a CAGR of 16.8% from 2024 to 2030. The increasing awareness of environmental sustainability and the urgent need to reduce carbon emissions are major drivers for the growth of the market. With rising pollution and traffic congestion, e-bikes and scooters offer a green alternative to traditional vehicles, helping cities lower their carbon footprint. This shift towards eco-friendly transportation is being supported by both governmental policies and consumer preferences, creating a robust market for e-bike and scooter rentals.

Technological advancements are another significant factor propelling the market growth. Innovations in battery technology, such as longer battery life and faster charging times, have made e-bikes and scooters more reliable and convenient for users. Additionally, the integration of GPS and IoT (Internet of Things) technologies has enhanced the user experience by providing real-time tracking, seamless payments, and improved safety features. These technological improvements have made it easier for rental companies to manage their fleets and for customers to access and use these services efficiently.

Growing investment and interest from key automakers and startups in the mobility sector are propelling the growth of the market. Bike and scooter rental companies are investing heavily in expanding their fleets, improving infrastructure, and enhancing user experience. This influx of capital is accelerating the growth and adoption of these services, with many companies partnering with cities to create dedicated lanes and parking zones, further integrating e-bikes and scooters into urban transportation networks.

Gather more insights about the market drivers, restrains and growth of the Bike And Scooter Rental Market

Key Bike And Scooter Rental Company Insights

Some of the participants operating in the market include Lime, Nextbike, Cityscoot, Mobike, Spin, Scoot, Lyft, Skip, Tier Mobility, Bolt. The companies are focusing on various strategic initiatives, including investments, partnerships & collaborations, and agreements to gain a competitive advantage over their rivals. The following are some instances of such initiatives.

• In April 2024, Lime a rental electric scooter and bike operator backed by Uber Technologies Inc., announced a plan to invest $55 million to increase its existing fleet size.

• In January 2024, e-scooter rental companies Tier Mobility and Dott announced their merger, which will create the largest operator in Europe. Their investors are contributing an extra 60 million euros ($66 million) to support the newly combined entity.

• In March 2022, TIER Mobility (TIER) acquired Spin, a micromobility operator previously owned by Ford, expanding its reach to an additional 106 communities across North America.

Global Bike and Scooter Rental Market Report Segmentation

The report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global bike and scooter rental market report based on propulsion, vehicle, service, and region.

Vehicle Outlook (Revenue, USD Million, 2018 - 2030)

• Bike

• Scooter

Propulsion Outlook (Revenue, USD Million, 2018 - 2030)

• Pedal

• Electric

• Gasoline

Service Outlook (Revenue, USD Million, 2018 - 2030)

• Pay-as-you go

• Subscription Based

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

• Asia Pacific

o China

o India

o Japan

o Australia

o South Korea

• Latin America

o Brazil

• MEA

o KSA

o UAE

o South Africa

Order a free sample PDF of the Bike And Scooter Rental Market Intelligence Study, published by Grand View Research.

 

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