Report Feature
Motorcycle Rental Market Trends and Forecast
The future of the global motorcycle rental market looks promising with opportunities in the motorcycle tourism and commute applications markets. The global motorcycle rental market is expected to reach an estimated $0.37 billion by 2028 with a CAGR of 9.8% from 2023 to 2028. The major drivers for this market are the continuous rise in price of luxury bikes and two-wheelers, growing interest in several motorcycle racing events, and increasing popularity of road-trip tourism.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown here.
Motorcycle Rental Market by Segment
The study includes trends and forecast for the global motorcycle rental market by bike type, booking channel, application, and region.
Motorcycle Rental Market by Bike Type [Shipment Analysis by Value from 2017 to 2028]:
• Luxury Motorcycle
• Common Motorcycle
Motorcycle Rental Market by Booking Channel [Shipment Analysis by Value from 2017 to 2028]:
• Websites
• Apps
Motorcycle Rental Market by Application [Shipment Analysis by Value from 2017 to 2028]:
• Motorcycle Tourism
• Commutes
• Others
Motorcycle Rental Market by Region [Shipment Analysis by Value from 2017 to 2028]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Motorcycle Rental Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, motorcycle rental companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the motorcycle rental companies profiled in this report include-
• Adriatic Moto Tours
• EagleRider
• Harley-Davidson
• MotoQuest
• Motoroads
• Rental 819
• Hertz
Motorcycle Rentals Market Insights
- Lucintel forecasts that common motorcycle segment is expected to witness a higher growth over the forecast period due to growing demand for electric vehicles and extensive demand for traditional two-wheeled motor vehicles for transportation and entertainment on roads and highways.
- Motorcycle tourism will remain the largest segment due to increasing popularity of bike tourism to explore various cultures, sceneries, and cuisine on two wheels.
- APAC is expected to witness the highest growth over the forecast period due to rising percentage of disposable income, growing popularity for bike tourism among India’s young population, and increasing preference for adventure riding among various countries, such as India, China, and Thailand.
Features of the Global Motorcycle Rental Market
- Market Size Estimates: Motorcycle rental market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2017 to 2022) and forecast (2023 to 2028) by various segments and regions.
- Segmentation Analysis: Motorcycle rental market size by various segments, such as by bike type, booking channel, application, and region in terms of value ($B).
- Regional Analysis: Motorcycle rental market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different bike types, booking channels, applications, and regions for the motorcycle rental market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the motorcycle rental market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the motorcycle rental market size?
Answer: The global motorcycle rental market is expected to reach an estimated $0.37 billion by 2028.
Q.2 What is the growth forecast for motorcycle rental market?
Answer: The global motorcycle rental market is expected to grow with a CAGR of 9.8% from 2023 to 2028.
Q.3 What are the major drivers influencing the growth of the motorcycle rental market?
Answer: The major drivers for this market are the continuous rise in price of luxury bikes and two-wheelers, growing interest in several motorcycle racing events, increasing popularity of road-trip tourism.
Q4. What are the major segments for motorcycle rental market?
Answer: The future of the motorcycle rental market looks promising with opportunities in the motorcycle tourism and commute applications.
Q5. Who are the key motorcycle rental companies?
Answer: Some of the key motorcycle rental companies are as follows:
Answer: Lucintel forecasts that common motorcycle segment is expected to witness a higher growth over the forecast period due to growing demand for electric vehicles and extensive demand for traditional two-wheeled motor vehicles for transportation and entertainment on roads and highways.
Q7. In motorcycle rental market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period due to rising percentage of disposable income, growing popularity for bike tourism among India’s young population, and increasing preference for adventure riding in various countries, such as India, China, and Thailand.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Q.2 What is the growth forecast for motorcycle rental market?
Answer: The global motorcycle rental market is expected to grow with a CAGR of 9.8% from 2023 to 2028.
Q.3 What are the major drivers influencing the growth of the motorcycle rental market?
Answer: The major drivers for this market are the continuous rise in price of luxury bikes and two-wheelers, growing interest in several motorcycle racing events, increasing popularity of road-trip tourism.
Q4. What are the major segments for motorcycle rental market?
Answer: The future of the motorcycle rental market looks promising with opportunities in the motorcycle tourism and commute applications.
Q5. Who are the key motorcycle rental companies?
Answer: Some of the key motorcycle rental companies are as follows:
• Adriatic Moto Tours
• EagleRider
• Harley-Davidson
• MotoQuest
• Motoroads
• Rental 819
• Hertz
Q6. Which motorcycle rental market segment will be the largest in future?Answer: Lucintel forecasts that common motorcycle segment is expected to witness a higher growth over the forecast period due to growing demand for electric vehicles and extensive demand for traditional two-wheeled motor vehicles for transportation and entertainment on roads and highways.
Q7. In motorcycle rental market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period due to rising percentage of disposable income, growing popularity for bike tourism among India’s young population, and increasing preference for adventure riding in various countries, such as India, China, and Thailand.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
