Study Period | 2019-2032 |
Base Year | 2023 |
Forcast Year | 2023-2032 |
CAGR | 7.14 |
ASEAN 2-Wheeler Rental Market Analysis Report 2023-2032
The ASEAN 2-Wheeler Rental Market is positioned to experience a Compound Annual Growth Rate (CAGR) of 7.85% between 2022 and 2032. Over this period, the market size is projected to see a substantial increase of USD 1,543.23 million. The growth of this market is influenced by a combination of factors, including urbanization, increased mobility needs, and a shift towards eco-friendly transportation options in the ASEAN region. The market encompasses services dedicated to providing rental solutions for two-wheeled vehicles, catering to the rising demand for convenient and affordable transportation.
ASEAN 2-Wheeler Rental Market Overview
Drivers
A key driver behind the expansion of the ASEAN 2-Wheeler Rental Market is the rapid urbanization in the region. As cities grow and traffic congestion becomes more prevalent, individuals are seeking efficient and flexible modes of transportation. Two-wheeler rentals offer a convenient solution for short-distance commuting, providing a cost-effective and agile means of navigating congested urban areas.
Furthermore, the increasing need for eco-friendly transportation is driving market growth. With heightened environmental awareness, governments and consumers alike are looking for sustainable alternatives to traditional gasoline-powered vehicles. Two-wheeler rentals, especially electric scooters and bikes, align with these sustainability objectives and contribute to reducing carbon emissions in urban areas.
Trends
An important trend shaping the ASEAN 2-Wheeler Rental Market is the adoption of advanced technology solutions. Mobile apps and GPS tracking systems have revolutionized the rental experience, making it easier for customers to locate, rent, and return two-wheelers. Additionally, the integration of electric and hybrid vehicles into rental fleets is gaining traction, offering users environmentally friendly options.
Another significant trend is the introduction of subscription-based models, allowing users to access two-wheelers on a monthly or yearly basis. This provides greater flexibility and cost savings for regular users, enhancing the appeal of 2-wheeler rentals.
Restraints
Traffic safety concerns and the lack of dedicated infrastructure for two-wheelers pose challenges to market growth. Addressing these issues requires collaboration between rental service providers, governments, and urban planners to ensure the safety of riders and pedestrians.
Moreover, the initial investment required to build and maintain a fleet of two-wheelers and the associated technological infrastructure can be a restraint for market expansion. Companies need to manage costs effectively while scaling their operations.
ASEAN 2-Wheeler Rental Market Segmentation By Vehicle Type
Scooters and mopeds are expected to be the dominant segment within the ASEAN 2-Wheeler Rental Market. These vehicles are well-suited for urban commuting, offering agility and fuel efficiency.
Motorcycles, including both traditional and electric models, are another key segment. These vehicles cater to a broader range of users, including those looking for longer-distance transportation options.
ASEAN 2-Wheeler Rental Market Segmentation By Service Model
The on-demand rental model is projected to experience significant growth during the forecast period. This model allows users to rent two-wheelers for short periods, typically on an hourly or daily basis, providing maximum flexibility.
Subscription-based models are also gaining popularity, offering users the convenience of long-term rentals with cost-effective pricing.
The ASEAN region, comprising countries such as Indonesia, Thailand, Malaysia, Vietnam, and others, is anticipated to drive growth in the ASEAN 2-Wheeler Rental Market. As these nations continue to experience urbanization and increased mobility needs, the demand for convenient and eco-friendly transportation solutions is expected to rise.
ASEAN 2-Wheeler Rental Market Customer Landscape
The ASEAN 2-Wheeler Rental Market report offers insights into customer adoption patterns, from early adopters to laggards. It examines adoption rates across different ASEAN countries based on penetration levels. Additionally, the report explores key criteria influencing rental decisions and factors affecting price sensitivity, assisting companies in devising effective market strategies.
Major ASEAN 2-Wheeler Rental Market Companies
Leading players in the ASEAN 2-Wheeler Rental Market are implementing various strategies to strengthen their market presence. These strategies include partnerships, acquisitions, new service offerings, expansion into new markets, and technological innovations.
Sample list of major companies in the market:
Qualitative and quantitative analyses of these companies provide valuable insights into the competitive landscape, enabling stakeholders to understand market dynamics and assess the strengths and weaknesses of key players.
Segment Overview
The ASEAN 2-Wheeler Rental Market report provides revenue forecasts on both a regional and country level. It also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.
TABLE OF CONTENTS: GLOBAL Asean 2-Wheeler Rental MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Asean 2-Wheeler Rental MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Asean 2-Wheeler Rental Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Asean 2-Wheeler Rental MARKET BY vehicle type landscape
SIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2 Motorcycle
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3 Scooter/Moped
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Asean 2-Wheeler Rental MARKET BY Rental duration type INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2 Short term
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3 Long Term
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. Asean 2-Wheeler Rental MARKET REGIONAL OUTLOOK
7.1. Asean 2-Wheeler Rental Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Asean 2-Wheeler Rental Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Asean 2-Wheeler Rental Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Asean 2-Wheeler Rental Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Asean 2-Wheeler Rental Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.3. Europe Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Asean 2-Wheeler Rental Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Asean 2-Wheeler Rental Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Asean 2-Wheeler Rental Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K. Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Asean 2-Wheeler Rental Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Asean 2-Wheeler Rental Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Asean 2-Wheeler Rental Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Asean 2-Wheeler Rental Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Asean 2-Wheeler Rental Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Asean 2-Wheeler Rental Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Asean 2-Wheeler Rental Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Asean 2-Wheeler Rental Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Asean 2-Wheeler Rental Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1 Honda
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2 Yamaha
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3 Suzuki
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4 Kawasaki
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5 Piaggio
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6 Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7 Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8 Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10 Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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