Global motorcycle rental market to grow at a CAGR of 7.74% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is General trend of renting utilitarian items through e-commerce. In 2016, more than 45% of the global population was estimated to have access to the internet. Internet connectivity has been a strong driver for the growth of the global e-commerce industry. The e-commerce industry in APAC will reach a growth of about 18% of retail sales by 2018 from 8.2% retail sales in 2015.
According to the report, one of the major drivers for this market is Increase in road-trip tourism. Increase in road trip tourism in countries like India and the US and the rise in the levels of traffic congestion have led to the growth in the number of motorcycle tours by tourists. In India, adventure tourism comprised about 35% of the domestic Indian tourism industry and wildlife tourism comprised about 40% of the same in 2015. These are expected to drive the market for motorcycle rentals as most of the locations are situated in places with limited transportation facilities.
Further, the report states that one of the major factors hindering the growth of this market is Rise in on-demand taxi operators.
- Adriatic Moto Tours
- Hertz Ride
Other Prominent Vendors
- Dubbelju Motorcycle Rentals
- Kizuki Rental Service (Rental 819)
- Wickedride Adventure Services
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by Motorcycle Type
Part 07: Regional Landscape
Part 08: Decision Framework
Part 09: Drivers and Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/v3n76k/global_motorcycle?w=4