Scooter rental refers to renting a scooter for a limited time. Users pay for the rental of motor vehicles hourly, either in advance before using the vehicle, or through subscription. The user can find the nearest parking space to pick up the car or park the car in the parking space closest to the destination. Users can use these rental services through mobile apps. Two-wheeler rental company verifies lessees by verifying driver's license and other national certificates. After digitization, renting a bike has become easy and convenient. In addition, users choose the scooter rental service more because they do not worry about maintenance, and they can easily pick up the scooter at the nearest dock.

Leading market players analyzed in the report include

Lime,

Bird,

Nextbike,

Cityscoot,

Mobike,

Spin,

Scoot,

LYFT,

Bolt,

Hopr,

Zipp,

eBikeGo

Market Trends

The two-wheeler rental market provides a solid solution for the local tourism industry and greatly promotes the development of the local industry. In addition, electric scooters are slowly entering the market, for example, few Indian startups, such as Zipp and eBikeGo, provide electric scooter rental services in selected cities. Also, the world seems to be ready for the rebirth of electric vehicles (EVs), as issues ranging from environmental issues to fluctuating oil prices continue to push consumers to switch to internal combustion engine alternatives, so the global electric vehicle market is exploding.

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Several factors have led to the increasing use of e-scooter and e-scooter exchange services. These include rapid urbanization, growing populations of Gen Z and Millennials, and increasing concerns about environmental friendliness and sustainability. During the forecast period, the penetration of electric fleets may promote the development of the scooter rental market as both the e-scooter market and the scooter rental market are directly related to each other so the increase in the consumption of electric scooters will lead to the growth of the scooter rental market.

Impact Of COVID-19 analysis

The COVID-19 outbreak has disrupted the automotive industry on a large scale. It has led to the suspension of manufacturing facilities and a fall in the volume of sales. Also, the demand for both commercial and passenger vehicles has shown a downward trend in 2020. Apart from this, the outbreak has forced people to be confined in their homes only due to which the rate of outing has decreased. This decline, as expected, will affect the scooter rental industry adversely. The budget allocation for RD is likely to be less, which will hamper the innovation of a two-wheeler. However, companies are taking preventive measures to tackle the adverse effects of the outbreak.

Key segments

 Operational Model

• Dockless
• Station-based

 By Propulsion

• Gasoline
• Electric
• Pedal

 By Service

• Pay as You Go
• Subscription - based

By Application

• Short Trip
• Long-Distance
• Long-Distance Trave

 Region

North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• France
• UK
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific

LAMEA

• Latin America
• Middle East
• Africa

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