The local bike rental industry is facing a difficult situation as shared mobility platforms like scooter sharing and bike sharing take over the market. These platforms provide a convenient way for customers to rent bikes and scooters without having to visit a local store. This has had a devastating impact on small businesses in the industry as they are unable to compete with the convenience and flexibility of shared mobility platforms.
The lack of access to shared mobility platforms is one of the main reasons why these businesses are struggling to stay afloat. These platforms do not allow bike rental businesses to join their platform, which has caused them to lose out on potential customers. Furthermore, the high cost of renting bikes from local stores can be prohibitive for some customers, especially when compared to the convenience and affordability of shared mobility platforms.
The rise of shared mobility platforms has undoubtedly had a negative impact on local bike rental stores. As more customers are opting for scooters or bike sharing, local bike rental stores are struggling to keep up and are facing an uncertain future. Unless local bike rental stores are able to find a way to compete with the convenience and affordability of shared mobility platforms, they may be forced to close their doors for good.