E-mobility Rental Market Introduction and Overview
According to SPER Market Research, the Global E-mobility Rental Market is estimated to reach USD 46.23 billion by 2033 with a CAGR of 14.59%.
The report includes an in-depth analysis of the Global E-mobility Rental Market, including market size and trends, product mix, end users, and supplier analysis. E-mobility rental is a fascinating and environmentally friendly method to travel in electric automobiles. It's comparable to typical automobile rentals, but instead of using gasoline or diesel vehicles, you get to use electric cars or bikes. Electric cars, or EVs, are powered by electricity and use rechargeable batteries rather than an internal combustion engine. The idea behind e-mobility rental is to give individuals with a convenient and environmentally friendly mode of transportation. You can enjoy the joys of driving without affecting the environment when you rent an electric vehicle. Electric vehicles have zero tailpipe emissions, which means they don't emit dangerous gases that contribute to air pollution and climate change.
- Cost-effectiveness: Compared to regular gasoline or diesel-powered vehicles, electric vehicles are becoming increasingly cost-effective. While the initial cost of an electric car is higher, the operating costs are much lower due to the lower cost of energy compared to fossil fuels. E-mobility rental allows consumers to experience electric vehicles without making a long-term financial commitment, making it an appealing and economical choice for many.
- Consumer Preferences and Behaviour: Consumer preferences are evolving toward sustainable and convenient transportation solutions. People are increasingly accepting of shared mobility services, including rental choices, as an alternative to owning a personal automobile. E-mobility rental services combine the flexibility and convenience of on-demand transportation with the desire for environmentally friendly mobility solutions.
Market Opportunities and Challenges
The e-mobility rental market brings numerous opportunities and challenges. Environmental sustainability is one of the most critical opportunities. By encouraging the usage of electric vehicles, e-mobility rentals have the potential to contribute to a cleaner environment. As more individuals use e-mobility rentals, the market has the potential to cut greenhouse gas emissions, air pollution, and reliance on fossil fuels. This is consistent with the global quest for cleaner, greener transportation options. Diversification is another opportunity for the e-mobility rental sector. Rental firms can provide a wide range of electric vehicles, such as cars, bikes, scooters, and even electric buses, to meet a wide range of consumer preferences and transportation demands.
The e-mobility rental sector faced some obstacles. One of the major problems is the requirement for a strong charging infrastructure. To meet the increased demand for e-mobility rentals, charging stations must be widely available and conveniently located. Furthermore, charging times for electric vehicles can still be longer than for traditional vehicles, requiring rental firms to plan and manage their fleets carefully. Another issue is the high initial cost of electric automobiles. While the cost of electric vehicles is gradually falling, they still have a greater initial cost than their gasoline or diesel counterparts. This may have an impact on the pricing and availability of e-mobility rentals for some clients.
Market Competitive Landscape
The e-mobility rental market's competitive landscape is characterized by multiple companies striving for market dominance. Using their existing infrastructure and customer base, traditional automobile rental firms have expanded their services to include electric vehicles. There have emerged specialized e-mobility rental companies that focus entirely on sustainable transportation solutions and offer a varied selection of electric vehicles. ANI Technogies Pvt Ltd, Beijing Xiaoju Technology Co. Ltd, Bird Rides Inc, car2go N.A LLC, Cityscoot SAS, these are the some market key players.
Scope of the Report:
Report Metric | Details |
Market size available for years | 2019-2033 |
Base year considered | 2022 |
Forecast period | 2023-2033 |
Segments covered | By Vehicle Type, By Category, By Booking Type, By Commuting Pattern, By End Use.
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Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America
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Companies Covered | ANI Technologies Pvt Ltd, Beijing Xiaoju Technology Co. Ltd, Bird Rides Inc, car2go N.A LLC, Cityscoot SAS, Donkey Republic ApS, Enterprise Holdings Inc, Grab Holdings Inc, Uber Technologies, Others. |
COVID-19 Impact on Global E-mobility Rental Market
The COVID-19 pandemic has had a tremendous impact on the rental market for e-mobility. The market first endured a dip as travel restrictions, lockdowns, and limited mobility had a significant impact on transportation industries. As consumers stayed at home and curtailed their trips, demand for several e-mobility rental businesses fell. In addition, the epidemic has hastened digitalization and contactless transactions. Rental services for e-mobility have adapted by incorporating online booking systems, smartphone applications, and contactless pick-up and drop-off processes, ensuring a safe and seamless rental experience.
Key Target Audience:
- Tourists and Travelers
- Environmental Enthusiasts
- Business Travelers
- Students and Young Professionals
Our in-depth analysis of the E-mobility Rental Market includes the following segments:
By Vehicle Type:
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Battery
Hybrid
Plug-In Electric Vehicle
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By Category :
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Luxury
Economy Cars
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By Booking Type :
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Offline Access
Online Access
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By Commuting Pattern:
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Daily Commuting
Last-Mile Connectivity
Occasional Commuting
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By End Use :
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Personal
Business
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Key Topics Covered in the Report:
- Global E-mobility Rental Market Size (FY’2023-FY’2033)
- Overview of Global E-mobility Rental Market
- Segmentation of Global E-mobility Rental Market By Vehicle Type (Battery, Hybrid, Plug-In Electric Vehicle)
- Segmentation of Global E-mobility Rental Market By Category (Luxury, Economy Cars)
- Segmentation of Global E-mobility Rental Market By Booking Type (Offline Access, Online Access)
- Segmentation of Global E-mobility Rental Market By Commuting Pattern (Daily Commuting, Last-Mile Connectivity, Occasional Community)
- Segmentation of Global E-mobility Rental Market By End Use (Personal, Business)
- Statistical Snap of Global E-mobility Rental Market
- Expansion Analysis of Global E-mobility Rental Market
- Problems and Obstacles in Global E-mobility Rental Market
- Competitive Landscape in the Global E-mobility Rental Market
- Effects of COVID-19 and demonetization on Global E-mobility Rental Market
- Details on Current Investment in Global E-mobility Rental Market
- Competitive Landscape of Global E-mobility Rental Market
- Prominent Players in the Global E-mobility Rental Market
- SWOT Analysis of Global E-mobility Rental Market
- Global E-mobility Rental Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global E-mobility Rental Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global E-mobility Rental Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global E-mobility Rental Market
7. Global E-mobility Rental Market, By Vehicle Type (USD Million)
7.1. Global E-mobility Rental Market Value Share and Forecast, By Vehicle Type, 2023-2033
7.2. Battery
7.3. Hybrid
7.4. Plug-In Electric Vehicle
8. Global E-mobility Rental Market, By Category (USD Million)
8.1. Global E-mobility Rental Market Value Share and Forecast, By Category, 2023-2033
8.2. Luxury
8.3. Economy Cars
9. Global E-mobility Rental Market, By Booking Type (USD Million)
9.1. Global E-mobility Rental Market Value Share and Forecast, By Booking Type, 2023-2033
9.2. Offline Access
9.3. Online Access
10. Global E-mobility Rental Market, By Commuting Pattern (USD Million)
10.1. Global E-mobility Rental Market Value Share and Forecast, By Commuting Pattern, 2023-2033
10.2. Daily Commuting
10.3. Last-Mile Connectivity
10.4. Occasional Commuting
11. Global E-mobility Rental Market, By End Use (USD Million)
11.1. Global E-mobility Rental Market Value Share and Forecast, By End Use, 2023-2033
11.2. Personal
11.3. Business
12. Global E-mobility Rental Market Forecast, 2019-2033 (USD Million)
12.1. Global E-mobility Rental Market Size and Market Share
13. Global E-mobility Rental Market, By Vehicle Type, 2019-2033 (USD Million)
13.1. Global E-mobility Rental Market Size and Market Share By Vehicle Type (2019-2026)
13.2. Global E-mobility Rental Market Size and Market Share By Vehicle Type (2027-2033)
14. Global E-mobility Rental Market, By Category, 2019-2033 (USD Million)
14.1. Global E-mobility Rental Market Size and Market Share By Category (2019-2026)
14.2. Global E-mobility Rental Market Size and Market Share By Category (2027-2033)
15. Global E-mobility Rental Market, By Booking Type, 2019-2033 (USD Million)
15.1. Global E-mobility Rental Market Size and Market Share By Booking Type (2019-2026)
15.2. Global E-mobility Rental Market Size and Market Share By Booking Type (2027-2033)
16. Global E-mobility Rental Market, By Commuting Pattern, 2019-2033 (USD Million)
16.1. Global E-mobility Rental Market Size and Market Share By Commuting Pattern (2019-2026)
16.2. Global E-mobility Rental Market Size and Market Share By Commuting Pattern (2027-2033)
17. Global E-mobility Rental Market, By End Use, 2019-2033 (USD Million)
17.1. Global E-mobility Rental Market Size and Market Share By End Use (2019-2026)
17.2. Global E-mobility Rental Market Size and Market Share By End Use (2027-2033)
18. Global E-mobility Rental Market, By Region, 2019-2033 (USD Million)
18.1. Global E-mobility Rental Market Size and Market Share By Region (2019-2026)
18.2. Global E-mobility Rental Market Size and Market Share By Region (2027-2033)
18.3. Asia-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America
19. Company Profile
19.1. ANI Technologies Pvt Ltd.
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. Beijing Xiaoju Technology Co. Ltd
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Bird Rides Inc
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Car2go N.A LLC
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Cityscoot SAS
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Donkey Republic ApS
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Enterprise Holdings Inc.
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent development
19.8. Grab Holdings Inc
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent development
19.9. Uber Technologies
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developmens
19.10. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope