It’s safe to say there has been a shift in gears with the way we’re moving these days, from daily exercise to the way we choose to travel. And it seems that bike rentals have been the perfect solution.
Why People Are Cycling
With gyms being closed on-and-off, and restrictions on outdoor group activities, we’ve all been looking for new ways to get moving, whilst still keeping safe. The answer is surprisingly simple: go cycling!
It’s an easy form of daily exercise that helps boost not only our physical but mental wellbeing. Cycling is a terrific way to strengthen the immune system too, helping keep those pesky viruses at bay.
What’s more, it’s also proven to be one of the safest ways to travel. By getting around on a bike, we’re breathing in fresh air, keeping our distance from others, and touching fewer surfaces – win, win!
It Benefits Everyone
Most major cities in the UK alone have seen a big drop in toxic pollution levels this year, data analysis shows. Not only are bike rental and cycle options getting us out and exploring, but they’re also proving to be a great benefit for the air in the environment.
With people now looking for more eco-friendly travel options globally, this is only the beginning in the rise of bike rentals.
The Future In Statistics
In a recent survey, 89% of the public said they are concerned about travelling on a train, with a further 85% feeling the same about buses. These thoughts will likely continue into 2021, even when travel restrictions are lifted, and social distance measures are a thing of the past. So, what exactly does this mean for bike rental businesses?
The Global Bike & Scooter Rental Market has already grown in leaps and bounds over the recent years, and according to Research and Markets, the industry is expected to reach over USD 4.9 billion by 2025. This is more than double its value in 2019 (USD 2.17 billion), with a compound annual growth rate of 14.71%.
More Demand For Bike Rental Businesses
Unlike other years, where demand for bike rentals in the northern hemisphere begins to slow down at the end of summer, the events of 2020 have changed quite a few things. Even though it’s getting colder out, this doesn’t seem to be stopping us from finding a reason to get out and about.
And for those of us in the southern hemisphere, summer is coming! Typically peak season anyway, cycling is looking to be the perfect option for a lot of us.
The future of cycling and bike rentals looks to be on the rise for 2021, which is great news for the bike rental business.
Now, you just need to know how to prepare for it…
Make Sure You’re Ready For 2021
Coming into December, it’s time to start making decisions and prepare your fleet for the new year. A sudden spike in demand can be overwhelming for small businesses, however, with yoyo we have one goal – to make managing your fleet as simple as possible.
Our online booking system will make sure there are no double-bookings or missed opportunities, helping manage the rise in demand, while delivering excellent customer service.
2020 has been pretty rocky, but the future’s looking brighter with yoyo here to help get your business on track.
So let’s crank things up a notch and get ready to take your bike rental business to the next level in 2021.
For more tips on how to help grow a great bike rental business, click here.