Increasing Demand for Low-Priced Convenient Solution for Urban Commute Coupled with Huge Funding from Investors Supporting Growth in India Rental 2W Market: 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 Increasing Use of Technology: Rental two wheeler players in India are continuously investing on new technologies and data science to transform urban mobility solution. Companies such as Bounce have started providing keyless tech which allows users to access bike with just an OTP. This helps their bikes to work on a dockless model, which means customer can pick up and drop off the vehicle anywhere, anytime. Other players are also focusing on security mechanisms and have introduced geo fencing, GPS tagging, etc. to monitor the fleet remotely. Apart from this, IoT ensures consistency in various parameters of the bike such as re-fuelling, battery swaps and timely maintenance. Challenges in India Rental Two Wheeler Market: Two wheeler rental spaces in India were highly unorganized with presence of around 15,000 players owing to ambiguity on the government guidelines. Recently, the union ministry of road transport has asked all states to implement the Rent a Motorcycle Scheme, 1997. However, a number of checklists need to be ticked under the scheme to obtain a license. Rental 2W scooters currently fall under the 28% GST slab much higher than AC buses, cab aggregators, and other mobility service providers. Lack of proper infrastructure like vehicle pick-up and drop-off points, charging stations for EV vehicles, parking spaces, etc. is also a bottleneck to rental solutions. In addition, theft and vandalism of two wheelers is a major challenge faced by the rental providers in India. Impact of COVID-19 on India Rental 2W Market: COVID-19 has adversely impacted the growth of rental two wheeler market in India. Urban mobility startups are downsizing their fleet by selling off vehicles to the second-hand market as many of them are forced to cut down on both capital and operational costs. At least half the demand for rental commute solutions has been wiped out from the market. Some of the smaller players were even at the verge of a shutdown incurring heavy losses due to the pandemic. On a positive note, companies are expecting a quick turnaround in the sector as the post pandemic will force a lot of people to adapt to private vehicle transport and the lightest-on-pocket way for them will be to use rented or shared vehicles. Many players have started offering long term rentals along with entering into a tie-up with a B2B company to sustain their operations. Sanitization services and doorstep delivery of two wheelers have been started by the major players during the pandemic. Analysts at Ken Research in their latest publication “India Rental Two Wheeler Market Outlook to 2025 – Driven by Introduction of Electric Vehicles and Adoption of Dockless System in Vehicles” observed that the rental two market has a great potential to grow supported by the booming tourism, rapid digitalization and high inter-state migration. The advanced technology and additional features implemented by players such as dockless model, flexible ownership model, keyless tech, etc. is expected to boost growth of rental two wheeler markets in the years to come. Introduction of EV fleets in the micro mobility segment to cater to first and last mile travel solutions is also expected to drive the industry in the future. The India Rental Two Wheeler Market is expected to grow at a CAGR of 11.6% on the basis of GTV over the forecast period 2020-2025. 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 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