Bike and Scooter Rental Market Share, Trend, Segmentation and Forecast to 2029

 The essential factors contributing to the growth of the global bike and scooter rental market in the forecast period of 2023-2030 include growing acceptance of people for micro-mobility services as a cost-effective and convenient way of transportation. In addition, the development of sustainable modes of transportation is becoming a necessity. Furthermore, the increasing focus of government on reducing traffic congestion, technological advancements, the widely spreading trend of automation, high adoption of electrically powered vehicles is another major element contributing to the market's growth.Tourism industry is significantly growing over the years, experiencing growth and becoming one of the fastest growing profitable economic segment all over the world. According to the data of World Tourism Organization, around1.5 billion international tourist arrivals were recorded in 2019, in world, the tourist are preferring rental bikes and scooters to visit different places. The increasing tourism is a major driver for ‎economic growth in a number of countries and are further contributing for the growth of bike and scooter rental market during the forecast period of 2023 to 2030.



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