India Rental Two Wheeler Market, India Rental Two Wheeler Industry: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How is the India Rental Two Wheeler Market Positioned? The concept of two wheeler rental is not new in India. Tourist destinations like Leh & Ladakh, Kerala and Goa are full of two wheeler renting vendors offering affordable bikes to tourists for leisureIt 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. . Increase in road-trip tourism tops the list of major drivers for the increase in bike rental market size followed by traffic jams and congested locations in metro cities. In addition, rise in the fare by cab aggregators and taxi availability is also becoming one of the biggest drivers of the industry as individuals prefer to opt for an affordable transpiration for their intra city commute. 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 last 4 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. It is growing in a two way process and yet to explore huge potential. Increase in internet penetration, smartphone and use of applications has enabled easy booking options for riders and renters. Apart from offering high convenience to renters, it is also providing the vendors with growth opportunities by taking bookings through bike renting apps developed by startup entrepreneurs. Such apps complement the existing business models of bike vendors by giving them a platform where they can manage their fleet and track bookings. India Rental Two Wheeler Market Segmentation, FY ’2020 India Rental Two Wheeler Market is at the Growth Stage, with organized players increasing their market penetration. The overall market in terms of fleets size increased from ~ in FY’2017 to ~ in FY’2020, growing at a double digit positive CAGR during the period. By Market Structure The market has continued to be dominated by the organized sector with a massive share of ~% in terms of GTV during the FY’2020. Startups have a higher presence, large fleet base and offer urban commute solutions to the individuals. By Owned & Leased Fleet (Organized Market) Most of the players and startups focus on an asset heavy model rather than a leased model. This helps them in having the complete control over the quality and service. Owned fleets contributed to ~% share in the organized market for FY’2020. Big players such as Bounce and Yulu own their fleets instead of working on an aggregator model. 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 markets 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 (Commuting and Leisure) 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. By Packages Offered Daily and hourly packages are the most sought after plan for rental services. Owing to Covid 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. By Booking Channel It has been observed that presently, bookings through online apps and websites dominate the market holding a share of ~% in the rental market. Bookings in the unorganized market (tourist destinations) are mostly done via physical stores instead of online app or booking via call option. Competition Scenario in India Rental Two Wheeler 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 and 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. Key Segments Covered:- 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 For More Information on the research report, refer to below link: India Rental Two Wheeler Market Related Reports:- India Used Two Wheeler Market Outlook to 2025- Driven by Increase in Workforce Migration and Aversion towards Using Public Transportation India Self Drive Car Rental Market Outlook To 2024 – Rising Prominence Of Shared Mobility Space With Growing Competencies Of Self Drive Companies Due To The Growing Investments Saudi Arabia Used Car Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Type of Car (Sedans & Hatchbacks, SUVs & Crossovers, Pick-ups and Luxury), By Brand (Toyota, Hyundai, GMC & Chevrolet, Ford and Others), By Type of Sourcing, By Age of Vehicle (Less than 1 year, 1-3 years, 3-5 years & More than 5 years), By Kilometers Driven (Less than 50,000 Km, 50,000-80,000 Km, 80,000-120,000 Km & More than 120,000 Km) and By Region (Northern, Southern, Central, Eastern and Western) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Bangalore Rental Two Wheeler Market, Bike Rental Market India, Boongg Rental Two Wheeler Market Sales, Bounce Rental Two Wheeler Market Revenue, Bykemania Rental Two Wheeler Market Revenue, Covid-19 Impact India Rental Two Wheeler Industry, Covid-19 Impact India Rental Two Wheeler Market, Delhi NCR Rental Two Wheeler Market, Drivezy Rental Two Wheeler Market Sales, eBikeGo Rental Two Wheeler Market Shares, Electric Two Wheeler Rental India, Evaluation Study India Rental Two Wheeler Market, Evaluation Summary Report India Rental Two Wheeler Market, Evaluative Survey India Rental Two Wheeler Market, Faebikes Rental Two Wheeler Market Revenue, Goa Rental Two Wheeler Market, GoBikes Rental Two Wheeler Market Sales, Hyderabad Rental Two Wheeler Market, India Rental Two Wheeler Commuter Bike Market, India Rental Two Wheeler Consultancy Companies, India Rental Two Wheeler Customer Behavior Analysis, India Rental Two Wheeler Due Diligence Report, India Rental Two Wheeler E-Bikes Market, India Rental Two Wheeler Fleets, India Rental Two Wheeler Growth Strategy Market Report, India Rental Two Wheeler High End Bike Market, India Rental Two Wheeler Industry, India Rental Two Wheeler Industry Research Report, India Rental Two Wheeler Market, India Rental Two Wheeler Market Analysis, India Rental Two Wheeler Market Competition, India Rental Two Wheeler Market Competition Benchmarking, India Rental Two Wheeler Market Evaluation Report, India Rental Two Wheeler Market Forecast, India Rental Two Wheeler Market Future Outlook, India Rental Two Wheeler Market Growth, India Rental Two Wheeler Market Major Players, India Rental Two Wheeler Market Research Report, India Rental Two Wheeler Market Revenue, India Rental Two Wheeler Market Revenue Forecasting, India Rental Two Wheeler Market Shares, India Rental Two Wheeler Market Size, India Rental Two Wheeler Market Trends, India Rental Two Wheeler Motorcycles Market, India Rental Two Wheeler Organized Leased Fleets Market, India Rental Two Wheeler Organized Market, India Rental Two Wheeler Organized Owned Fleets Market, India Rental Two Wheeler Physical Stores, India Rental Two Wheeler Pricing Analysis, India Rental Two Wheeler Scooters Market, India Rental Two Wheeler Security Mechanism, India Rental Two Wheeler Sports Bike Market, India Rental Two Wheeler Technology, India Rental Two Wheeler Unorganized Market, India Rental Vehicle Tourism Market, Industry Research Report Of India Rental Two Wheeler, Jaipur Rental Two Wheeler Market, Market Research Report Of India Rental Two Wheeler, Mobycy Rental Two Wheeler Market Size, Motorcycle Rental Market India, Mumbai Rental Two Wheeler Market, ONN Bikes Rental Two Wheeler Market Shares, Pune Rental Two Wheeler Market, Rental Two Wheeler Industry In India, Rental Two Wheeler Major Cities India, Rental Two Wheeler Market In India, RenTrip Rental Two Wheeler Market Revenue, RidoBiko Rental Two Wheeler Market Size, Royal Brothers Rental Two Wheeler Market Size, Scooter Rental Market India, Self Ride Two Wheeler Market India, Social Evaluation Research India Rental Two Wheeler Market, VOGO Rental Two Wheeler Market Shares, Wheelify Rental Two Wheeler Market Revenue, Write An Evaluation Report On India Rental Two Wheeler Market, Yulu Bikes Rental Two Wheeler Market Size, ZipHop Rental Two Wheeler Market Size, ZopRent Rental Two Wheeler Market Shares