About Motorcycle Rental
A motorcycle rental or motorcycle hire business is a motorcycle shop or other business that rents a motorcycle for short periods of time usually for a few hours for a fee. Motorcycle rental primarily serves people who don’t have access to a motorcycle, usually travellers or tourist. Motorcycle rental business typically operates at beaches, parks, or other locations that traveller frequent. Motorcycle rental is usually on the hour, day, and the weekly basis or sometimes monthly basis. Additionally, motorcycle rental business is also for localized people who want to explore the new places and want to enjoy rides.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.85% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Motorcycle Rental market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
driatic Moto Tours (Slovenia), EagleRider (United States), Hertz Ride (Portugal), Motoroads (Bulgaria), Wheelstreet (India), Dubbelju Motorcycle Rentals (United States), Harley-Davidson (United States), Kizuki Rental Service (Rental 819) (Japan), MotoQuest (United States) and Wickedride Adventure Services (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Blue Sky Motorcycle Rentals, Inc. (United States), Liberty Motorcycle Rentals, LLC (United States), Rent 2 Own (Myanmar) Ltd (Myanmar), Charles Hurst Honda (United Kingdom), Chester Group Ltd. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Motorcycle Rental market by Type (Luxury Motorcycle and Commonly Motorcycle), Application (Motorcycle Tourism and Commuter) and Region.
On the basis of geography, the market of Motorcycle Rental has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Booking Channel, the sub-segment i.e. Websites will boost the Motorcycle Rental market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
General Trend of Renting Utilitarian Items through E-Commerce
Market Growth Drivers:
Increase in Road-Trip Tourism, Rise in Motorcycle Tourer Communities and Events and Increase in Congestion and Overcrowding In Cities
Challenges:
Rise In On-Demand Taxi Operators
Restraints:
Inventory Damage and Repair
Opportunities:
Emerging Demand from Developed & Developing Regions and Growing Tourism Industry
Market Leaders and their expansionary development strategies
In March 2020, International Holdings Company PJSC agreed to acquired 55% stake in Easy Lease Motorcycle Rental LLC on March 11, 2020. In a related transaction Easy Lease Motorcycle Rental LLC will acquire 67% stake in Uplift Delivery Services LLC.
In Febuary 2018, EagleRider, the global leader in motorcycle rental and travel, has announced to offer its services at Las Vegas Harley-Davidson starting March 1st, 2018. Located on the famed Las Vegas Strip, EagleRider’s new location will give even more Sin City visitors the opportunity to experience this one-of-a-kind destination and to access the entire desert southwest on two wheels.
Key Target Audience
Motorcycle Rental Manufacturers, Motorcycle Rental Distributors/Traders/Wholesalers, Motorcycle Rental Subcomponent Manufacturers, Industry Association and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.