The global motorcycle rental market is anticipated to grow at a significant CAGR of 6.8% during the forecast period (2022-2028). The global motorcycle rental market is growing of the consumer’s interest to drive luxury bikes increases as the renting service provides bike renting at more affordable rates. The lack of proper roads for four-wheelers to reach the destination where two-wheeler can reach the destination is also expected to boost the growth of the market. . Additionally, the increasing demand for road trips and tourism activities with the bike is also boosting the market growth. The rise in internet booking and advertisement of bike renting services is also driving the market growth. The high maintenance cost of luxurious motorcycles and superbikes is very difficult to maintain, whereas, the rented motorcycle has no such burden. The easy use of rented motorcycles whenever and wherever needed without having any maintenance costs is also expected to boost the growth of the market. The motorcycle renting companies has also come up with monthly, quarterly, and yearly basis packages with offers to retain their customers on a long-term basis, which is also expected to boost the growth of the global motorcycle rental market.
A full report of Global Motorcycle Rental Market is available at:https://orionmarketreports.com/global-motorcycle-rental-market/108133/
The global market is segmented into type and application. The motorcycle tourism segment is anticipated to hold the major share among the application segments of the global motorcycle rental market. This is due to the supportive government initiatives for tourism. The rising popularity of bike riding communities and road trips globally is also boosting the growth of the global motorcycle rental market.
Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Harley-Davidson Inc., Moto Quest, Coup Mobility, Bolt Bikes, Spinlister, Emmy Sharing, eCooltra, Bird Rides, UBER among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Motorcycle Rental Market Report by Segment
By Type
- Luxury Motorcycle
- Commonly Motorcycle
By Application
- Motorcycle Tourism
- Commuter
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