The India Two-Wheeler Rental Market Report is Segmented by Two-Wheeler Type (Motorcycle and Scooter), Propulsion Type (ICE and Electric), Rental Duration (Short-Term and Long-Term), Sharing Model (Dockless Self-Drive and Station-Based), Application (Commuting and Touring/Leisure), and End-User (Individual Consumers and Corporate and Fleet Operators). The Market Forecasts are Provided in Terms of Value (USD).

The India Electric Bike Rental Market Report is Segmented by Application Type (Urban/City and Cargo & Logistics), Vehicle Type (Pedal-Assisted and Throttle-Assisted), End User (Consumers B2C and More), Subscription Model (Hourly, Daily, and More), Battery Type (Lithium-Ion, Lead-Acid, and Others), and Power Output (Less Than or Equal To 250 W and 251–500 W). The Market Forecasts are Provided in Terms of Value (USD).

The Indian bike rental market, currently experiencing robust growth, is projected to maintain a CAGR exceeding 7% from 2025 to 2033. This expansion is fueled by several key factors. Increased urbanization and traffic congestion are prompting many to opt for convenient and cost-effective two-wheeler rentals for commuting and short-distance travel. The rise of tourism and adventure activities further bolsters demand for bike rentals, particularly motorcycles for touring purposes. Technological advancements, such as user-friendly mobile apps for booking and GPS-enabled navigation, have significantly improved the user experience, encouraging wider adoption. The market is segmented by two-wheeler type (motorcycles and scooters), rental duration (short-term and long-term), and application (touring and commuting). While short-term rentals cater to tourists and daily commuters, long-term rentals cater to a growing segment of individuals seeking affordable transportation solutions. Competition among major players like Bounce, VOGO, and Yulu is driving innovation and service improvements, benefiting consumers. However, challenges remain, including regulatory hurdles related to licensing and safety standards, and the need for robust infrastructure to support the growing fleet of rental bikes. Despite these challenges, the market's positive growth trajectory is expected to continue, driven by increasing disposable incomes, changing lifestyles, and the ongoing evolution of the sharing economy in India. The market's segmentation offers opportunities for targeted marketing strategies. Focusing on specific demographics and their needs – for example, providing scooters for short-distance commuting in urban centers, or rugged motorcycles for adventure tourism – can significantly improve market penetration and brand loyalty. Companies are also exploring innovative pricing models and partnerships to expand their reach and enhance customer experience. Future growth will likely depend on overcoming infrastructure limitations, implementing stringent safety measures, and adapting to evolving consumer preferences within the rapidly growing Indian economy. The development of sustainable practices, such as incorporating electric vehicles into rental fleets, will further contribute to market sustainability and consumer appeal. Recent developments include: In February 2022, Yamaha Motors subsidiary company Moto Business Service India (MBSI) invested in bike rental company Royal Brothers. This acquisition is based on a revenue-sharing basis. MBSI also has further plans to partner with other emerging players in the market.. Notable trends are: Short Term Rentals Capturing Significant Demand.

The size of the India Electric Bike Rental Market market was valued at USD 6.84 Million in 2024 and is projected to reach USD 15.22 Million by 2033, with an expected CAGR of 12.10% during the forecast period. Recent developments include: February 2023: Joining the burgeoning electric two-wheeler space, Bengaluru-headquartered electric mobility platform Yulu Bikes Pvt Ltd, in partnership with Bajaj Auto Ltd, launched two new electric 2-wheelers (e2Ws), namely Miracle GR and DeX GR., December 2022: The Karnataka Transport Department announced its decision to issue a license to Wicked Ride, the parent company of Bounce, to operate electric bike taxi services in the state., June 2023: Yulu's signature small, blue-colored signature rental electric bikes (e-bikes) are gaining traction in the most prominent localities of Bengaluru, Delhi, and Mumbai. The electric mobility startup launched a new low-speed e-bike model, Yulu Wynn.. Key drivers for this market are: Growing Adoption of Electric Vehicles is Anticipated to Boost the Market. Potential restraints include: Limited EV Charging Infrastructure May Hinder the Market Growth. Notable trends are: The Pedal-assisted Segment Holds the Highest Share by Vehicle Type.

India's electric bike rental market is booming, projected to reach $6.84 billion by 2025 with a 12.10% CAGR. Discover key market drivers, trends, and challenges impacting major players like Yulu, Bounce, and Zypp. Explore growth opportunities in this rapidly expanding sector. Key drivers for this market are: Growing Adoption of Electric Vehicles is Anticipated to Boost the Market. Potential restraints include: Limited EV Charging Infrastructure May Hinder the Market Growth. Notable trends are: The Pedal-assisted Segment Holds the Highest Share by Vehicle Type.

Bicycle Rental Market Outlook

According to our latest research, the global bicycle rental market size reached USD 5.2 billion in 2024, driven by the rising demand for sustainable urban mobility solutions and the increasing adoption of shared transportation services. The market is projected to grow at a robust CAGR of 12.3% from 2025 to 2033, reaching a forecasted value of USD 14.6 billion by 2033. This impressive growth trajectory is underpinned by urbanization trends, government initiatives promoting eco-friendly transport, and the rapid integration of smart technologies in rental platforms, as per our latest research findings.

One of the primary growth factors for the bicycle rental market is the escalating emphasis on reducing urban congestion and minimizing carbon emissions. With cities worldwide grappling with the adverse effects of vehicular pollution, policymakers are increasingly supporting alternative mobility options such as bicycle rentals. The integration of dedicated bike lanes, incentives for non-motorized transport, and investments in cycling infrastructure have collectively fostered an environment conducive to the proliferation of rental services. Moreover, the growing awareness among urban dwellers about health and wellness has further fueled the adoption of cycling for daily commuting, making bicycle rentals an attractive and practical choice.

Technological advancements have also played a pivotal role in reshaping the bicycle rental market. The widespread deployment of GPS-enabled bikes, real-time tracking systems, and mobile application-based booking platforms has revolutionized the rental experience for users. These innovations have not only enhanced the convenience and accessibility of rental services but have also improved operational efficiency for service providers. The emergence of dockless systems and electric bikes (e-bikes) has further diversified the market, catering to a broader spectrum of users with varying preferences and commuting needs. As digital payment solutions and AI-powered fleet management become mainstream, the market is poised for continued expansion and service refinement.

Another significant growth driver is the increasing integration of bicycle rentals into urban tourism and recreation. Many cities now actively promote cycling tours and rental services as part of their tourism packages, providing visitors with an immersive and eco-friendly way to explore urban landscapes. The flexibility and affordability of rental bikes appeal to both domestic and international tourists, driving seasonal spikes in demand. Additionally, corporate wellness programs and group activities have spurred the adoption of rental services among organizations seeking to encourage healthier lifestyles and team-building experiences among employees. This multi-faceted demand base ensures sustained market growth across diverse user segments.

From a regional perspective, Asia Pacific continues to dominate the bicycle rental market, fueled by rapid urbanization, high population density, and government-led smart city initiatives. Countries like China and India have witnessed exponential growth in shared mobility solutions, with bicycle rentals becoming an integral part of urban transport networks. Meanwhile, Europe remains a frontrunner in sustainable mobility, with cities like Amsterdam, Paris, and Berlin setting benchmarks for cycling infrastructure and rental adoption. North America is also experiencing steady growth, supported by rising environmental consciousness and the expansion of bike-sharing programs in major metropolitan areas. Each region presents unique opportunities and challenges, influencing market dynamics and competitive strategies.

Service Type Analysis

The service type segment in the bicycle rental market is primarily categorized into docked, dockless, and peer-to-peer models, each offering distinct advantages and facing specific challenges. Docked bicycle rental systems, characterized by fixed stations where users can pick up and return bikes, have long been the foundation of urban bike-sharing programs. These systems are often deployed in collaboration with municipal authorities, ensuring organized parking and enhanced security. While docked services require significant upfront investment in infrastructure, they provide a structured and reliable rental experience that appeals to commuters and tourists alike. Their integration with public transport networks further amplifie

Snapshot img

Motorcycle Rental Market Size 2025-2029

The motorcycle rental market size is forecast to increase by USD 463.1 million at a CAGR of 17.3% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing popularity of road-trip tourism and the general trend of renting utilitarian items through e-commerce platforms. This trend is particularly prominent in regions with well-developed tourism industries and a strong culture of motorcycle riding. Furthermore, the rise of on-demand taxi operators has created new opportunities for motorcycle rental companies to expand their customer base by offering last-minute rentals and flexible rental periods. However, market growth is not without challenges. Regulations regarding motorcycle rental and safety standards vary widely, making it essential for companies to navigate these complexities effectively. Additionally, intense competition and the need for continuous innovation to meet evolving customer demands pose significant challenges. Companies seeking to capitalize on market opportunities must focus on providing exceptional customer service, ensuring regulatory compliance, and investing in technology to streamline operations and enhance the rental experience. Overall, the market presents a compelling opportunity for businesses that can effectively address these challenges and meet the growing demand for flexible and convenient motorcycle rental solutions.

What will be the Size of the Motorcycle Rental Market during the forecast period?

Request Free SampleThe market is experiencing a significant increase in demand, particularly for luxury bikes and energy-efficient e-bikes. Consistency in product quality is crucial for companies to retain customers. OEMs are focusing on machine learning and driver assistance technologies to enhance the riding experience. Online portals and booking channels are gaining popularity among tourists or travelers planning motorcycle tours. Road trip tourism and motorcycle racing events are also driving market growth. Developing nations are investing in infrastructural development to accommodate the increasing demand for two-wheelers. Urbanization and commute applications are additional factors contributing to the market's expansion. Accuracy and robotic efficiency are essential for vehicle OEMs to meet the evolving needs of consumers. The market trends also include the integration of artificial intelligence and active safety systems into motorcycles.

How is this Motorcycle Rental Industry segmented?

The motorcycle rental industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductCommuter motorcyclesLuxury motorcyclesApplicationMotorcycle tourismCommutesServicePay as you goSubscription-basedTypeShort termLong termGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyMiddle East and AfricaAPACChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW)

By Product Insights

The commuter motorcycles segment is estimated to witness significant growth during the forecast period.In the motorcycle market, commuter applications have gained significant traction, particularly in the form of scooters and motorcycles with engine capacities under 300 cc. These economical options cater to the demands of urban commuters in developing regions, where traffic congestion is prevalent. For instance, the Bangalore Metro Rail Corporation in India collaborates with motorcycle rental companies like Wickedride adventure services to offer commuter scooters and motorcycles for rental. Europe's motorcycle market is witnessing growth in the commuter segment due to factors such as escalating urbanization and the influx of tourists. Motorcycle rental businesses have capitalized on this trend, offering commuter motorcycles as a convenient and cost-effective solution for tourists and locals alike. In addition, the integration of technology, such as machine learning and artificial intelligence, in motorcycle rental platforms enhances the user experience and streamlines the booking process. Vehicle Original Equipment Manufacturers (OEMs) are also shifting their focus towards producing commuter motorcycles with advanced features, such as active safety systems, to cater to the evolving preferences of consumers. These features not only improve safety but also add value to the product folio. Furthermore, the increasing demand for energy-efficient e-bikes and the implementation of urban infrastructural development projects are expected to drive the market's growth. In the luxury motorbike segment, investors are keen on exploring winning strategies to cater to the growing demand for high-end motorcycles. The integration of advanced technologies, such as driver assistance systems and robotic efficiency, in luxury motorbikes is

The size of the Bike Scooter Rental Market was valued at USD 7.9 Bn in 2023 and is projected to reach USD 27.65 Bn by 2032, with an expected CAGR of 19.60% during the forecast period. Recent developments include: February 2022: Moto Business Service India (MBSI), a Yamaha Motors affiliate, made an investment in Royal Brothers, a bike rental company. The premise for this deal is revenue-sharing. MBSI also intends to collaborate with other new market entrants in the future..

The size of the India Electric Bike Market was valued at USD 7.9 Bn in 2023 and is projected to reach USD 16.93 Bn by 2032, with an expected CAGR of 11.50% during the forecast period. Recent developments include: Hero Cycles Limited partners with Gogoro to introduce a new range of electric bikes.

, Ola Electric launches its latest electric scooter model, Ola S1 Pro., Government of India approves the FAME-II subsidy scheme for electric vehicles, including electric bikes.. Key drivers for this market are: Government Incentives: Government subsidies and tax exemptions encourage electric bike adoption.

Environmental Awareness: Rising concerns about pollution and climate change drive consumer preference for eco-friendly transportation.. Potential restraints include: High Initial Cost: Electric bikes can be more expensive than traditional bicycles, posing a barrier to entry for some consumers.

Limited Charging Infrastructure: Inadequate charging stations hinder the adoption of electric bikes in remote areas.. Notable trends are: Connected Electric Bikes: Integration of IoT and GPS technology for enhanced user experience and safety.

Subscription-based Electric Bikes: Flexible rental and leasing options to cater to varying consumer needs..

Snapshot img

Folding Electric Bicycle Market Size 2025-2029

The folding electric bicycle market size is forecast to increase by USD 264.9 million, at a CAGR of 10.3% between 2024 and 2029.

The bicycle market is experiencing significant growth, driven by the increasing traffic congestion in urban areas and the emergence of lightweight, foldable electric bicycles. These compact and portable vehicles offer a practical solution to commuters seeking to bypass gridlocked roads and reduce their carbon footprint. Additionally, the easy availability of refurbished electric bicycles presents an attractive option for budget-conscious consumers, further fueling market expansion. However, challenges persist, including regulatory hurdles and safety concerns, which necessitate ongoing research and development efforts to address these obstacles and ensure the continued growth and success of the market.
Companies seeking to capitalize on this market's potential must stay informed of regulatory developments and invest in innovative safety features to differentiate themselves and maintain a competitive edge.

What will be the Size of the Folding Electric Bicycle Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The market continues to evolve, driven by advancements in technology and shifting consumer preferences. Smart features such as pedal assist, GPS navigation, and app integration enhance the user experience, while rental programs and e-bike sharing schemes expand accessibility. Hill climbing ability is a key consideration, with motor technology and lightweight materials like aluminum alloy and carbon fiber playing crucial roles. Electric bicycle laws and safety standards ensure regulatory compliance, prioritizing rider safety and environmental impact. Lithium-ion batteries power these vehicles, with battery life and recycling becoming increasingly important. Charging infrastructure and theft prevention are also essential components of the market's ongoing development.

Price point remains a significant factor, with various demographics targeting different price ranges. Energy consumption and fitness tracking are additional features gaining traction, as consumers seek more sustainable and health-conscious transportation options. The supply chain, from material science to manufacturing and distribution, continues to adapt to meet market demands. Continuous innovation in motor management technology, battery life, and user interface ensures the market remains a dynamic and evolving sector.

How is this Folding Electric Bicycle Industry segmented?

The folding electric bicycle industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Age Group

  Age 18-50
  Lesser than 18
  Age greater than 50


Distribution Channel

  Offline
  Online


Geography

  North America

    US
    Canada


  Europe

    Germany
    Italy
    The Netherlands


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Age Group Insights

The age 18-50 segment is estimated to witness significant growth during the forecast period.

Folding electric bicycles have gained significant popularity among adults aged 18-50 due to their numerous health benefits and practicality. These benefits include increased cardiovascular fitness, enhanced joint mobility, improved posture and coordination, reduction in stress hormones, and decreased body fat levels. Consequently, folding electric bicycles have become a preferred mode of transport for daily commutes to offices and colleges, helping to efficiently navigate traffic congestion and reduce air pollution. Furthermore, the use of folding electric bicycles mitigates the need for traditional vehicles, thereby reducing the demand for road infrastructure repairs and associated costs. The market for folding electric bicycles is witnessing several trends.

Smart features, such as GPS navigation, app integration, and fitness tracking, are increasingly being integrated into these bicycles. Rental programs and e-bike sharing schemes have gained traction, providing affordable and flexible options for consumers. Charging infrastructure and battery life are critical considerations, with advancements in lithium-ion batteries and charging technologies ensuring longer ranges and faster charging times. Theft prevention is a significant concern, with smart locks and other security measures being employed to address this issue. Lightweight materials, such as aluminum alloy and carbon fiber, are being used to improve the bicycles' durability and portability. Price poin

The shared mobility market is booming, projected to reach [estimated 2033 market size in millions] by 2033, growing at a CAGR of 17.62%. Discover key trends, drivers, and major players shaping this dynamic industry, including ride-hailing, car sharing, and micromobility. Explore regional market shares and growth projections across North America, Europe, and Asia Pacific. Recent developments include: December 2023: CarDekho announced its merger with Revv, an Indian-based mobility service provider, to venture into India's shared car rental services business by combining the expertise of Car Dekho in technological integration and market understanding of Revv. These two companies aim to disrupt the car rental space in India by facilitating a tech-enabled mobility solution to enhance customers' convenience., July 2023: Bolt, a ride-hailing platform operating in the United Kingdom, announced that it had over 100,000 drivers and 9 million passengers registered across 19 cities. Moreover, the company stated that it had surpassed 150 million customers globally across 500 cities and 45 countries., July 2023: inDrive, a bid-based ride-hailing platform, launched its services in South Florida, United States, to tap into the country's massive potential. The company plans to replicate its success in the Latin American market in the United States, which resulted in the company preparing for this expansion strategy. Further, the company is planning to launch its services across 15 cities in Nigeria.. Key drivers for this market are: Increasing Preference of Consumers toward Ride-Hailing Services is Expected to Foster the Growth of the Market. Potential restraints include: Strict Government Regulations to Govern the Shared Mobility Industry Hampers the Growth of the Market. Notable trends are: The Passengers Cars Segment is Expected to Gain Traction Between 2024 and 2029.

Snapshot img

Micromobility Market Size 2025-2029

The micromobility market size is valued to increase USD 186.55 billion, at a CAGR of 26.4% from 2024 to 2029. Increasing traffic congestion will drive the micromobility market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 53% growth during the forecast period.
By Propulsion - Human powered segment was valued at USD 30 billion in 2023
By Type - Docked segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 476.96 million
Market Future Opportunities: USD 186548.50 million
CAGR from 2024 to 2029 : 26.4%

Market Summary

The market encompasses a rapidly evolving ecosystem of technologies and applications that enable short-distance, environmentally-friendly transportation. Core technologies, including electric propulsion and lightweight materials, fuel the growth of this sector. One significant application is the increasing use of micromobility solutions for last-mile connectivity in urban areas. Service types, such as bike-sharing and e-scooter rentals, have gained popularity due to their convenience and affordability. However, challenges persist, including the risk of theft and the need for frequent maintenance. Regulations also play a crucial role in shaping the market, with cities implementing rules around safety, parking, and usage. According to a recent study, micromobility solutions accounted for over 30% of all shared transportation trips in select cities. This trend is expected to continue, as traffic congestion drives the demand for alternative transportation options.

What will be the Size of the Micromobility Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Micromobility Market Segmented ?

The micromobility industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. PropulsionHuman poweredElectrically poweredTypeDockedDock-lessVehicle TypeBicyclesE-kick scootersElectric mopeds and scootersSkateboardsOthersGeographyNorth AmericaUSEuropeFranceGermanyItalyUKAPACAustraliaChinaIndiaJapanSouth KoreaRest of World (ROW)

By Propulsion Insights

The human powered segment is estimated to witness significant growth during the forecast period.

In the dynamic and evolving the market, e-bikes and shared e-scooter systems are increasingly gaining traction as innovative and sustainable mobility solutions. E-bikes, equipped with high-efficiency motors and long-lasting batteries, offer power assistance for longer commutes, addressing the concerns of e-bike range anxiety. Meanwhile, e-scooters, with their dockless operations and compact design, provide a convenient and flexible alternative for short-distance travel. E-scooter batteries are a significant focus, with ongoing research and development in battery life optimization and recycling. Scooter maintenance costs are a critical factor in the economics of e-scooter sharing platforms, driving the need for efficient repair solutions and durable components. Regulations play a crucial role in shaping the micromobility landscape, influencing usage patterns and accessibility features, such as scooter theft prevention and smart helmet technology. Safety is a top priority, with advancements in e-scooter safety features, including GPS tracking technology and tire technology, ensuring user safety and traffic management. Electric scooter rental models and micromobility policy impact continue to shape the industry, with ride-sharing app integration and urban planning playing essential roles in the future growth of the market. Micromobility infrastructure, user experience design, and lightweight vehicle design are key areas of innovation, addressing the needs of diverse user demographics and enhancing the overall user experience. E-bike component lifespan and micromobility data analytics are essential for optimizing fleet management and improving overall market efficiency. According to recent studies, the market is expected to grow significantly, with electric scooter usage increasing by 30% in major cities. Furthermore, e-bike sales are projected to surge by 25% in the next five years. These trends reflect the ongoing adoption of micromobility solutions as a preferred mode of transportation in urban areas.

Request Free Sample

The Human powered segment was valued at USD 30 billion in 2019 and showed a gradual increase during the forecast period.

Request Free Sample

Regional Analysis

APAC is estimated to contribute 53% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market dur