The report titled “India Rental Two Wheeler Market Outlook to 2025 - Driven by Introduction of Electric Vehicles and Adoption of Dockless System in Vehicles” provides a comprehensive analysis of rental two wheeler operations in India. The report covers various aspects including the market size (by GTV and fleet size), business cycle, timeline, market segmentation by organized and unorganized market (by GTV and fleets), by owned and leased (organized market fleets), by major cities (Bangalore, Goa, Mumbai, Pune, Jaipur, Delhi NCR, Hyderabad), by type of two wheelers (scooters, motorcycles and e-bikes), by type of bike (commuter, sports bike & high end), by purpose (commuting and leisure), by booking package (hourly, daily, weekly and monthly), by online booking (website & app) and offline booking (physical store, via call), by intracity and intercity bookings, FY’2020.
The
report also covers the overall competitive landscape; growth drivers, challenges
and trends & developments. It also focuses upon the customer behavior
analysis towards the rental two wheeler services. The report concludes with
projections for future of the industry including forecasted market size &
segmentation in terms of revenue by 2025, Covid-19 impact and analysts’ take on
the future.
India Rental Two Wheeler Market Overview and Size
The
concept of two wheeler rental is not a new concept in India. Tourist
destinations like Leh & Ladakh, Kerala and Goa are full of two wheeler
renting vendors offering affordable bikes to tourists for leisure. It is also
solving the major problem of last mile connectivity and micro mobility in metro
cities and semi urban cities where hardly any public transportation is seen. Undoubtedly,
the concept of two wheeler renting is booming in the country. With the quest to
make bike renting quicker and hassle free process, several startups and vendors
are working on their unique business models. Interesting startups and their
unique offerings are building up a successful bike rental market in India. The
market has attained speedy growth over the period of three years from FY'2017
to FY'2020. Major companies like Bounce, Vogo, Royal Brothers, Onn Bikes, Yulu
Bikes, etc. have entered the entered the market in last 5-6 years and since
then the market has evolved drastically.
India Rental Two Wheeler Market Segmentations
By Market Structure: In FY'2020 the majority of the proportion (in
terms of GTV) was contributed by the organized sector owing to startups having higher
presence, large fleet base and providing urban commute solution.
By Major Cities: Majority of the demand for rental two wheelers
generated from the southern cities in India such as Bengaluru and Hyderabad. One
of the major reasons behind this is that majority of the start ups are based in
these cities. Moreover, workforce migration to these cities, heavy traffic
congestions have also led to the higher demand.
By Type of Two Wheeler: India rental two wheeler market is dominated by
scooters during FY'2020. This is because gearless scooters are trending in the
country, among both male and female population. It is a cheaper and convenient
as compared to bikes. Moreover scooters are more prevalent in tourist
destinations such as Goa and Pondicherry.
By Purpose: Workplace commuting is the main reason behind renting a two
wheeler in India. Previously rental solutions majorly served leisure purpose
and only focused upon tourist destinations but with the entrance of companies
such as Bounce and Vogo, the situation has completely changed. These players
majorly focus upon Point A to Point B commute and are comparatively cheaper and
hassle free.
By Packages Offered: Daily and hourly packages are the most sought
after plan for rental services. Owing to Covid-19 pandemic, more players are
focusing upon long term rental plans as the customers would not only feel safer
but also secure about having immediate access to the outside world whenever
they wanted. Moreover, B2B tie-ups generally focus upon having a monthly
contract.
Competitive Landscape of India Rental 2W Market
India rental two wheelers market competition
structure was observed to be highly fragmented with the presence of ~ 15,000
unorganized players. Although, organized players such as Bounce, Vogo, Drivezy,
Onn Bikes, Yulu Bikes, Royal Brothers, and others contribute a significant
share in the overall market. Pricing, models & packages offered, type of
vehicles, areas of operations, vehicle & service quality, investor/client
tie-ups, value added services offered, number of pick up and drop points are
some of the critical parameters on the basis of which companies compete in the
organized segment.
India Rental Two Wheeler Market Future Outlook &
Projections
Rental
two wheeler market is expected to recover from the Covid-19 pandemic and
witness growth by mid of 2021. India’s young population and emerging
entrepreneurial culture is all set to drive the rental industry with more
investors coming forward. Corporate Companies are expected to tie up with 2W
rental companies due to the surge in demand, post pandemic. In addition, more
focus would be given to solving the urban commute challenges. EVs are likely to
hold a relevant share in the total rental fleets in the next 5 years. Leading
players are expected to launch their operations in the major Tier 1 & Tier
2 cities.
By
Market Structure (in Terms of Fleets and GTV)
Organized
Market
Unorganized
Market
By
Type of Organized Market Fleets
Owned Fleets
Leased Fleets
By Major Cities (in terms of
Fleets)
Bangalore
Goa
Mumbai
Pune
Jaipur
Delhi NCR
Hyderabad
By
Type of Two Wheelers (in terms of Fleets)
Scooters
Motorcycles
E-Bikes
By
Type of Bikes
Commuter
Sports
High End Bike
By
Purpose (in terms of B2C Bookings)
Commuting
Leisure
By
Booking Package (in terms of B2C Bookings)
Hourly
Daily
Weekly
Monthly
By
Booking Channel (in terms of B2C Bookings)
Online App/Website
Physical Store
Booking via Call
By
Usage (in terms of B2C Bookings)
Intracity Bookings
Intercity Bookings
Companies Covered:-
Bounce
VOGO Rentals
Drivezy
Yulu Bikes
ONN Bikes
RenTrip
Royal Brothers
ZopRent
Boongg
ZipHop
Wheelify
eBikeGo
RidoBiko
Bykemania
Mobycy
GoBikes
Faebikes
Key
Target Audience:-
Rental Two Wheeler Players
Two Wheeler OEMs
Consultancy Companies
Industry Associations
Regulatory Bodies
Time
Period Captured in the Report:-
Historical
Period – 2017-2020
Forecast Period –
2020-2025
Key Topics
Covered in the Report:-
India
Rental Two Wheeler Market: Market Overview
Rental
Two Wheeler Sourcing Methods
Rental
Two Wheeler Market Customer Journey
India
Rental Two Wheeler Market: Market Size, FY’2017-FY’2020
Market
Size Scenario on the Basis of GTV and Fleet Size
India
Rental Two Wheeler Market: Market Segmentation, FY’2020
India
Rental Two Wheeler Market Growth Drivers
India
Rental Two Wheeler Market Trends & Developments
India
Rental Two Wheeler Market Challenges
India
Rental Two Wheeler Market SWOT Analysis
Competitive
Landscape of India Rental Two Wheeler Market
India
Rental Two Wheeler Market Cross Comparison
India
Rental Two Wheeler Market Pricing Analysis
India
Rental Two Wheeler Market Company Profiles
India
Rental Two Wheeler Market Customer Behavior Analysis
Future
Market Size and Segmentations, 2020-2025F
Covid-19
Impact on India Rental Two Wheeler Market
Analyst
Recommendations
For More Information on the research report, refer to below
link:
India
Rental Two Wheeler Market
Related Reports:-
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