Bike and scooter rental market seen hitting $24.85B by 2035

Market Research Future projects the bike scooter rental market will reach $24.85 billion at a 19.60% CAGR through 2035, fueled by urbanization, last-mile demand and broader adoption of micro-mobility. North America remains the largest market, while Asia-Pacific is set to grow fastest.

Why it matters: - Bike and scooter rentals are becoming a key part of urban transportation as cities look for lower-emission ways to move people short distances. - The market’s growth reflects rising demand for first- and last-mile transit, tourism mobility, and app-based shared transportation. - Electric fleets are expected to remain the dominant growth engine as governments support cleaner transport.

What happened: - Market Research Future projects the global bike scooter rental market will reach $24.85 billion by 2035. - The report puts the market on a 19.60% compound annual growth rate through the forecast period. - North America remained the largest regional market in 2022 with 45.80% global share. - Asia-Pacific is expected to post the fastest growth. - Market Research Future published the forecast as part of its 2025-2035 industry outlook.

The details: - The market covers shared bicycles, electric scooters and other micro-mobility vehicles rented for short-term use through smartphone apps. - Pay-as-you-go service models lead the market because they offer flexibility and lower commitment for riders. - Subscription plans are growing among commuters who want predictable monthly costs and vehicle access. - Electric propulsion is the leading segment and is expected to account for 72% of market revenue in 2026. - Dockless systems are the largest operating model and are forecast to hold 64% of revenue in 2026. - Bike rentals remain the biggest vehicle category, while scooters are the fastest-growing. - Short trips under 5 km account for a large share of demand, while trips longer than 15 km are the fastest-growing use case. - The report says tourism partnerships are expanding the market, including guided micromobility tours launched in major European and Asian destinations in 2023. - By 2026, hotel and travel-agency partnerships were being formalized to place rental fleets closer to booking touchpoints. - Supportive policies, subsidies and relaxed rules for electric mobility are pushing more operators toward electric fleets. - The report also points to public goals to cut air pollution and carbon emissions as a key demand driver. - A free sample report is available here. - The full report is available here.

Between the lines: - The forecast suggests micromobility is moving from a convenience service to an integrated layer of city transit. - The strongest growth appears to be coming from business models that reduce friction for riders and lower infrastructure costs for operators. - Tourism, public transit integration and institutional partnerships could help rental providers diversify revenue beyond daily commuting. - Regulatory uncertainty, theft, vandalism and margin pressure remain major constraints on the sector.

What's next: - Operators are likely to keep expanding electric fleets, especially in cities that support shared mobility through policy and charging infrastructure. - More partnerships with municipalities, transit agencies, hotels and travel platforms are expected as providers look for stable demand. - Competition will likely intensify around fleet scale, app experience, predictive maintenance and pricing optimization. - The report expects North America to stay the largest market, while Asia-Pacific continues to outpace other regions in growth.

The bottom line: - Bike and scooter rentals are moving deeper into mainstream urban mobility, with electric, dockless and app-based services driving the next phase of growth.