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.