HomeGuest AuthorFrom Daily Commute to...

From Daily Commute to Long Drives, Bike Rental Market Is Scaling Up

Bike rental market is growing at an unbelievable pace in India. It is bringing an excellent pool of opportunities for bike enthusiasts and daily commuters to travel conveniently and with affordability. Whether going for an outstation trip or commuting for office, the adventure enthusiasts and daily commuters always find bike riding a convenient option.

Interesting startups and their unique offerings are building up a successful bike rental market in India. They are streamlining the renting process and working on strengthening their catalogue to provide a hassle free renting experience to travelers. From preference to the needs of commuters, Indian bike rental market offers abundant opportunities to choose from a wide variety of bikes to renting for desired time frames.

The concept of bike rental is not new in India. Tourist destinations like Leh & Ladakh, Kerala and Goa are full of bike renting vendors offering affordable bikes to tourists for leisure. As per the estimates of Motorcycle Rental market report, its market size is expected to grow at a CAGR of 7% between 2017 and 2021.

Increase in road-trip tourism tops the list of major drivers for the increase in bike rental market size followed by traffic jams and congested locations in metro cities. In addition, rise in the fare by cab aggregators and taxi availability is also becoming one of the biggest drivers of the industry as individuals prefer to opt for an affordable transpiration for their intra city commute.

Apart from road-trip tourism, the problem of intra city routes with heavy traffic jams is increasing the travel time of daily commuters. Hence, the bike renting industry is now addressing this problem by scaling up its personalized mix of services that are being offered by bike renting startups.

Undoubtedly, the concept of bike renting is booming in the country. With the quest to make bike renting quicker and hassle free process, several startups and vendors are working on their unique business models. They have introduced easy rentals on hourly, daily, weekly and monthly basis to overcome the availability and affordability challenge.

Additionally, the renting companies are also addressing the common challenge of finding a reliable bike renting vendor. In majority of cases, references don’t work the way they should be. It is difficult for the passenger to compare prices, bike models and sometimes they also go through the situation of cheating as well.

However, bike aggregators are constantly looking for effective solutions in order to combat this challenge. They are also creating a marketplace featuring reliable bike renting vendors with different bike models, availability and pricing for the convenience of renters.

Over the years, bike renting market has evolved drastically. It is growing in a two way process and yet to explore huge potential. Increase in internet penetration, smartphone and use of applications has enabled easy booking options for riders and renters.  

Apart from offering high convenience to renters, it is also providing the vendors with growth opportunities by taking bookings through bike renting apps developed by startup entrepreneurs. Such apps complement the existing business models of bike vendors by giving them a platform where they can manage their fleet and track bookings.

There is another problem of last mile connectivity in metro cities and semi urban cities where hardly any public transportation is seen. Moreover, the local transport authorizes are also supporting the idea of bike renting startups as they are actually solving the bigger problem of last mile connectivity gaps. Many state authorize have started legalizing bike renting services and others are also announcing to consider this move.  

The growing concept of bike renting is also playing a crucial role in protecting the environment. The problems such as population, bad air quality and congested roads have reached unsustainable levels. Hence, bike renting is becoming need of the hour that can help the commuters without contributing extra to city’s growing pollution and traffic congestions.

Bike renting aggregators are playing an indispensible role in solving the connectivity problem at a faster pace than the public transportation. It is witnessing a rise in bike sharing as well as renting and planning to attract more new users to their solutions.

Most Popular

More from Author

Krish-e Launches Aftermarket Smart Kit for Advanced Farm Equipment Monitoring

Krish-e Smart Kit brings farm equipment into the digital age. Monitor, track and optimize your fleet performance with this cutting-edge technology.

How This Rajkot-based Startup is Redefining Consumer Electronics in India with Competitive Pricing and Bold Design

A new entrant to India's consumer electronics space, Lyne is turning heads with its range of stylish and practical mobile accessories. With a focus on design and quality, the brand is looking to make a mark in the highly competitive market and change the game for Indian consumers.

Storia and IBA Join Hands to Promote Women’s Boxing at World Championship 2023

Storia Partners with IBA to Empower Women Boxers for Olympics 2024.

Sportzcraazy’s Acquisition of Kabaddi Adda Boosts Its Ability to Scout and Develop Players

Kabaddi Adda, a leading media content platform, is now under the control of Sportzcraazy. With over 5 million monthly enthusiasts, this acquisition strengthens Sportzcraazy's position as a leading sports tech and media platform in India.

Read Now

Krish-e Launches Aftermarket Smart Kit for Advanced Farm Equipment Monitoring

Krish-e Smart Kit brings farm equipment into the digital age. Monitor, track and optimize your fleet performance with this cutting-edge technology.

How This Rajkot-based Startup is Redefining Consumer Electronics in India with Competitive Pricing and Bold Design

A new entrant to India's consumer electronics space, Lyne is turning heads with its range of stylish and practical mobile accessories. With a focus on design and quality, the brand is looking to make a mark in the highly competitive market and change the game for Indian consumers.

TechGig & LinkedIn Announce Strategic Partnership to Boost Technology Events

Delhi, India | 30th March 2023: TechGig, India’s largest developer community, announced a strategic partnership with LinkedIn, the world's largest professional network firm, for better engagement and outreach with the community. The idea behind the collaboration is to leverage LinkedIn's specialized solutions to facilitate deeper reach, greater impact,...

Storia and IBA Join Hands to Promote Women’s Boxing at World Championship 2023

Storia Partners with IBA to Empower Women Boxers for Olympics 2024.

Ansell has Opened its Most Significant Greenfield Manufacturing Plant in India, Investing USD 80 Million

Mumbai, Maharashtra, India | 27th March 2023: Ansell, a global leader in personal protective equipment, marked the first phase of Go Live for Packing & Irradiation Operations at its new Kovai manufacturing facility in India, where they have so far invested $80 Million in this plant with a...

Sportzcraazy’s Acquisition of Kabaddi Adda Boosts Its Ability to Scout and Develop Players

Kabaddi Adda, a leading media content platform, is now under the control of Sportzcraazy. With over 5 million monthly enthusiasts, this acquisition strengthens Sportzcraazy's position as a leading sports tech and media platform in India.

PrepSAT Test by PrepInsta and WeCP Attracts 1.4 Lakh Candidates for Hiring Hackathon

PrepInsta's first-ever hiring hackathon, PrepSAT, draws massive interest with an astounding 1.4 Lakh registrations.

UKIBC brings together businesses, UN, UK government and partners on critical SDG matters in Delhi

NEW DELHI | 24th March 2023: As a part of its continued commitment to advance bilateral collaboration and mutual prosperity between the UK and India, UK India Business Council hosted a day-long Sustainability Conference and evening reception on the 'Socio-Economic Impact' of UK businesses in India in New Delhi. UKIBC's socio-economic impact...

NASSCOM Foundation and IG Group partner to skill women graduates and PwDs in Bangalore

NASSCOM Foundation and IG Group collaborate to digitally skill 300 women graduates and PwDs from marginalized communities in Bangalore.