Motorcycle Rental Market in India - Size, Share Report, 2033

India Motorcycle Rental Market Size, Share, Trends, and Forecast by Product, Type, End Use, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30095

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India Motorcycle Rental Market Overview:

The India motorcycle rental market size reached USD 8.40 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 19.18 Billion by 2033, exhibiting a growth rate (CAGR) of 9.70% during 2025-2033. The market is expanding due to rising tourism, an increasing demand for affordable mobility, and the widespread adoption of app-based rental services. Key players focus on fleet expansion, strategic partnerships, and technological advancements to enhance customer experience and operational efficiency.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 8.40 Billion
Market Forecast in 2033	USD 19.18 Billion
Market Growth Rate 2025-2033	9.70%

India Motorcycle Rental Market Trends:

Expansion of Motorcycle Rental Services in Tier-II and Tier-III Cities

Motorcycle rental services, once highly prominent only in key metropolitan areas, are currently expanding into Tier-II and III cities in India. This notable inclination is principally boosted by enhanced road infrastructure, escalating disposable income, and rapid increase in intercity travelling. Numerous smaller cities are actively experiencing a significant jump in tourism, incentivizing rental firms to launch their operations across locations with elevated tourist footfall, mainly including Jaipur, Rishikesh, and Manali. For instance, as per industry reports, in April 2024, more than 3500 vehicles from outside were observed to visit Manali and above 35000 tourists entered the tourist destination beginning of the month, with 70 tourist buses entering Manali on a daily basis, highlighting increasing tourism. In addition to this, the lack of highly-developed public transportation in smaller cities establishes motorcycle rentals an ideal substitute for daily commuters. The easy accessibility of cost-efficient rental choices, subscription-based models, and adaptable pricing structure is further prompting adoption in these regions. Local entrepreneurs are also entering the market by launching franchise-based rental services, contributing to regional market expansion. With growing mobility needs outside metropolitan hubs, the expansion of rental services into smaller cities is expected to be a key growth driver for the industry in the coming years.

India Motorcycle Rental Market Size

Growth of App-Based Motorcycle Rental Platforms

The India motorcycle rental market is witnessing significant growth due to the increasing adoption of app-based rental services. Companies such as Bounce, Vogo, and Rapido are leveraging digital platforms to streamline booking processes, enhance user convenience, and optimize fleet management. For instance, as per industry reports, in FY2024, the company witnessed a revenue growth by 46.3% elevation, increasing to USD 74.37 Million from USD 50.74 Million in FY2023, highlighting amplifying app-based rental services adoption. These platforms offer real-time availability, GPS tracking, and digital payments, improving the overall rental experience. The rising penetration of smartphones and internet connectivity in both urban and semi-urban regions is further accelerating this trend. Additionally, strategic collaborations between rental companies and mobility service providers are expanding service accessibility across multiple cities. The integration of artificial intelligence and data analytics is also enabling dynamic pricing models and predictive maintenance, ensuring cost efficiency and operational sustainability. With increasing consumer preference for on-demand mobility and flexible transportation solutions, app-based motorcycle rental platforms are expected to continue driving market expansion, particularly among daily commuters, tourists, and gig economy workers.

India Motorcycle Rental Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on product, type, and end use.

Product Insights:

Computer Motorcycles
Luxury Motorcycles

The report has provided a detailed breakup and analysis of the market based on the product. This includes computer motorcycles and luxury motorcycles.

Type Insights:

Of Road
On Road

A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes of road and on road.

End Use Insights:

Tourism
Commute

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes tourism and commute.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Motorcycle Rental Market News:

In April 2024, Royal Enfield launched its new rental and tours services globally. This programme will be accessible to more than 25 nations, encompassing India. This platform will enable riders to rent a motorcycle catering to their demands.

India Motorcycle Rental Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Product Type End Use Region
Products Covered	Computer Motorcycles, Luxury Motorcycles
Types Covered	Of Road, On Road
End Uses Covered	Tourism, Commute
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India motorcycle rental market performed so far and how will it perform in the coming years?
What is the breakup of the India motorcycle rental market on the basis of product?
What is the breakup of the India motorcycle rental market on the basis of type?
What is the breakup of the India motorcycle rental market on the basis of end use?
What is the breakup of the India motorcycle rental market on the basis of region?
What are the various stages in the value chain of the India motorcycle rental market?
What are the key driving factors and challenges in the India motorcycle rental market?
What is the structure of the India motorcycle rental market and who are the key players?
What is the degree of competition in the India motorcycle rental market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India motorcycle rental market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India motorcycle rental market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India motorcycle rental industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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