The on-demand transportation market recorded a notable revenue share in the market in 2021 and is set to be worth more than USD 701 billion by the end of 2030. It is poised to grow at a healthy CAGR of 19.25% from 2021 to 2030. Owing to the growing use of smartphones and increase in traffic congestion caused by the increased number of cars.
The report contains 150+ pages with detailed analysis. The market report also covers the estimated market sizes and trends for different countries across major regions, globally.
On-Demand transportation allows passengers to plan their trip at a convenient time (during service operating hours) and be picked up at an agreed-upon location. On-demand transportation is becoming more popular around the world. E-hailing, automobile sharing, car renting, and station-based mobility are providing a productive environment for the transportation business to develop.
Crucial factors accountable for market growth are:
- Increased traffic congestion as a result of an increase in the number of automobiles
- Increased tourist and working-class population, as well as a growing trend of road trips
- The increasing popularity of smartphones
- Rising gasoline prices, fewer parking spots, and exorbitant automotive prices
Download the Sample Pages of this Report for Better Understanding (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/sample/1342
Scope of the On-Demand Transportation Market Report
| Report Highlights | Details |
| Market Size in 2030 | USD 701.1 Billion |
| Growth Rate | CAGR of 19.25% from 2021 to 2030 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Service Type, Vehicle Type, Region |
Research Objective
the market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2017 to 2020. This research report evaluates on-demand transportation market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global on-demand transportation market for the period from 2017 to 2030. This research study offers historic data for years 2017 to 2020 along with a forecast from 2021 to 2030 based on value.
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the on-demand transportation market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Read Also: Virtual ICU Market to Reach Approximately US$ 15.8 Billion by 2030
Report Highlights
- Car rental was expected to be the largest segment in terms of market share among various on-demand transportation services in 2017. However, demand for other services such as e-hailing and car sharing is expected to rise significantly over the forecast period.
- The four-wheeler segment provides advantages such as reduced noise pollution and a more comfortable driving experience, which is critical in developed countries. Rising consumer disposable income in countries such as India and China are also helping to drive growth. Thus, the four-wheeler segment has the major share in the on-demand transportation market.
Regional Snapshots
Asia Pacific is estimated to have the greatest share of the On-Demand Transportation market during the forecast period. The Asia-Pacific area serves as a reporting platform for transportation infrastructure and service provision; regional, urban, and rural connectivity challenges; and public health problems such as road safety and pollutant emissions.In 2021, revenue in the Car Rentals industry in the United States is expected to reach USD 22,424 million.
By 2025, the number of users in the Car Rentals market is estimated to reach 49.7 million. In 2021, user penetration is 10.8 percent, with a projected increase to 14.6 percent by 2025. In terms of worldwide revenue, the United States will generate the most. Such high car rental revenue in U.S. will create a positive impact on the overall on-demand transportation market.
Some of the major players in the On-Demand Transportations market include:
- International Business Machines Corporation (IBM)
- BMW Group
- Daimler Group
- Ford Motor Company
- General Motor Company
- Gett, Inc.
- Robert Bosch GmbH.
- NI Technologies Pvt. Ltd. (OLA)
- Lyft Inc.
- Grab
- Careem
- Uber Technologies Inc.
- Taxify OÜ
- BlaBlaCar
- Wingz Inc.
- Curb Mobility
Segments Covered in the Report
By Service Type
- E-Hailing
- Car Sharing
- Car Rental
- Station-Based Mobility
By Vehicle Type
- Four-Wheeler
- Micro Mobility
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1342
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
