Motorcycle Rental Market to Reach $ 168.02 mn by 2024, Bashar Technologies Pvt. Ltd. (Wheelstreet), Dubbelju Motorcycle Rentals LLC, Harley-Davidson Inc., and The Herrtz Corp. (Hertz Ride) Emerge as Key Contributors to Growth | Technavio

LONDON--(BUSINESS WIRE)--Oct 19, 2020--

Technavio has been monitoring the motorcycle rental market and it is poised to grow by USD 168.02 mn during 2020-2024, progressing at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201019005581/en/

Technavio has announced its latest market research report titled Global Motorcycle Rental Market 2020-2024 (Graphic: Business Wire).

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19

Frequently Asked Questions:

  • What are the major trends in the market?
    Technological advancement is a major trend driving the growth of the market.
  • At what rate is the market projected to grow?
    The year-over-year growth for 2020 is estimated at 7.85% and the incremental growth of the market is anticipated to be $ 168.02 mn.
  • Who are the top players in the market?
    Bashar Technologies Pvt. Ltd. (Wheelstreet), Dubbelju Motorcycle Rentals LLC, Harley-Davidson Inc., JC Bromac Corp. (EagleRider), Kizuki Co. Ltd. (Kizuki Rental Service), MotoQuest, MOTOROADS Sole Trade Ltd., Polaris Inc. (Motorcycle International LLC), SMTOURS d.o.o. (Adriatic Moto Tours), and The Herrtz Corp. (Hertz Ride), are some of the major market participants.
  • What is the key market driver?
    The rising congestion and overcrowding in cities is one of the major factors driving the market.
  • How big is the APAC market?
    The APAC region will contribute 36% of the market share.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bashar Technologies Pvt. Ltd. (Wheelstreet), Dubbelju Motorcycle Rentals LLC, Harley-Davidson Inc., JC Bromac Corp. (EagleRider), Kizuki Co. Ltd. (Kizuki Rental Service), MotoQuest, MOTOROADS Sole Trade Ltd., Polaris Inc. (Motorcycle International LLC), SMTOURS d.o.o. (Adriatic Moto Tours), and The Herrtz Corp. (Hertz Ride) are some of the major market participants. The rising congestion and overcrowding in cities will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Motorcycle Rental Market 2020-2024: Segmentation

Motorcycle Rental Market is segmented as below:

  • Product
    • Commuter Motorcycles
    • Luxury Motorcycles
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41093

Motorcycle Rental Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The motorcycle rental market report covers the following areas:

  • Motorcycle Rental Market Size
  • Motorcycle Rental Market Trends
  • Motorcycle Rental Market Industry Analysis

This study identifies the technological advancements as one of the prime reasons driving the motorcycle rental market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Motorcycle Rental Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist motorcycle rental market growth during the next five years
  • Estimation of the motorcycle rental market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the motorcycle rental market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of motorcycle rental market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Commuter motorcycles - Market size and forecast 2019-2024
  • Luxury motorcycles - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption
  • Vendor Analysis

Vendors covered

  • Market positioning of vendors
  • Bashar Technologies Pvt. Ltd. (Wheelstreet)
  • Dubbelju Motorcycle Rentals LLC
  • Harley-Davidson Inc.
  • JC Bromac Corp. (EagleRider)
  • Kizuki Co. Ltd. (Kizuki Rental Service)
  • MotoQuest
  • MOTOROADS Sole Trade Ltd.
  • Polaris Inc. (Motorcycle International LLC)
  • SMTOURS d.o.o. (Adriatic Moto Tours)
  • The Herrtz Corp. (Hertz Ride)

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations 

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201019005581/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: LUXURY AUTOMOTIVE OTHER RETAIL SPECIALTY TRANSPORTATION RETAIL VACATION MOTORCYCLES TRAVEL

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 10/19/2020 07:30 PM/DISC: 10/19/2020 07:30 PM

http://www.businesswire.com/news/home/20201019005581/en

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