Global Motorcycle Rental Market Estimated to Grow at a CAGR of 4.80 % During the Years 2016-2020
No of Pages – 58 Publishing Date - December , 2016
Browse detailed TOC , Tables , Figures , and Charts in Global Serial Device Server Consumption 2016 Market Research Report at : http :// www . marketresearchhub . com / report / global-motorcycle-rental-market-2016-2020-report . html
As per the report the motorcycle rental market is a flourishing trade providing value to commuters and to tourists and travelers who look to rent motorcycles for recreational purposes . The rental market allows users to rent motorcycles of their preference , which may be renting a high brand motorcycle such as Harley-Davidson , Kawasaki , and Royal Enfield . Research analysts have estimated that the market will grow at CAGR of 4.80 % through 2020 . According to the report findings , one of the major driver for the market is increase in roadtrip tourism . Countries like the U . S . and India , where increase in the levels of traffic congestion on city roads have led to the increase in the number of motorcycle tours . Motorcycle rental market report describes that , growth in on-demand taxi market has a negative impact on the market for rental motorcycles . The smartphone penetration and increased use of applications has enabled easier reach of on-demand taxis to customers in the US , which accounted for about 67 % of the total US adult population in 2015 .