On-Demand Transportation Market (By Service Type: E-Hailing, Car Sharing, Car Rental, Station-Based Mobility; By Vehicle Type: Four Wheeler, Micro Mobility) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Published | Pages : 160

Introduction

The global on-demand transportation market size is anticipated to around USD 305.2 billion by 2026, this market is anticipated to grow with 20.1% CAGR during the forecast time period. Increase in cost of fuel is driving the need for on- demand transportation.

Market Dynamics

Augmented glitches related to traffic, rising fuel costs, and lack of parking spaces are motivating the on-demand transportation market development. Furthermore, growing penetration of smartphone and vehicle telematics or connected vehicles have raised the acceptance of on-demand transport services.

Mind-boggling expense of vehicle has supported the tendency towards on-demand benefits that empower clients to pre-book, adjust, and drop their appointments at lower costs through applications. Increasing use of vehicle sharing administrations by twenty to thirty year olds is additionally expected to reinforce the market development over the forecast period.

Market Insights

The trend of micro mobility sharing, for example, bike, e-bicycle, and e-bike sharing is developing quickly in creating nations, for example, China and India. A few new organizations are entering the on-demand transportation advertise by giving cell phone based vehicle booking service. In any case, worldwide players, for example, BMW Group, Daimler AG, Uber Technologies, and OLA rule the market.

The restriction on DIDI Chuxing by the Chinese government in September 2018 for supposed traveler murders has expanded worries among clients supersede sharing. Comparable cases have been recorded on Uber drivers for getting rowdy and abusing clients before. Additionally, issues with respect to poor network and huge expenses of creating framework may additionally hamper development of the market. In this way, the specialist organizations are concentrating on creating vehicle sharing applications, which don't require web availability for getting to them.

Market Segmentation

Market By Service Type

  • E-Hailing
  • Car Sharing
  • Car Rental
  • Station-Based Mobility

Market By Vehicle Type

  • Four Wheeler
  • Micro Mobility

Market By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Regional Insights

Based on region, the market has been divided into North America, Europe, Asia Pacific, and Rest of the World (RoW). Factors, for example, consumer behavior, rising disposable income and fuel costs, and government activities assume a critical job in impacting the development crosswise over various districts. In 2017, Asia Pacific was the prevailing local section pursued by North America and Europe. Nearness of significant players combined with their endeavors to convey proficient driverless transports crosswise over North America will proceed with encourage the development.

The on-demand transportation market has witnessed high acceptance in European nations for instance, Germany and France. Supportive regulatory framework is pushing the regional on-demand transportation market. In APAC region, growing traffic congestions, fuel prices, and emission standards are contributing the growth of the market. By 2026 Asia Pacific region is anticipated to increase to the forefront of the on-demand transportation market.

Market Participants

Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with theon-demand transportation areRobert Bosch GmbH, International Business Machines Corporation (IBM), BMW Group, Ford Motor Company, Daimler Group, Gett, Inc., and General Motor Company.


Related Reports

Marine Diesel Engine Market (By Technology: Low Speed, Medium Speed, High Speed; By Application: Off-shore, Recreational, Navy, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global marine diesel engine market value is expected to reach around US$ 8.1 billion by 2026 and expected to grow at a CAGR of 3.9% over forecast period 2019 to 2026. The report provides analysis of global marine diesel engine market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Growing worldwide seaborne trade mainly across emerging

Dump Truck Market (By Type: Rear dump trucks, Bottom dump trucks, Lube trucks, Tow trucks, Water trucks, Others; By Engine Capacity: 5Liter, 5L to 10L, More than 10 Liter; By End Use: Military, Construction, Infrastructure, Mining, Agriculture) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Dump Truck Market value is accounted over USD 41,259.8 Million by 2026 and is expected to grow at CAGR 9.1% during the forecast period, 2019-2026. Dump truck is also knows as dumper truck or tipper truck which mainly used to transporting dumps especially for construction. Such truck carries heavy loads and material such as sand, earth and gravel with parts for construction. The dumper typically carries its load or m

Automotive Electronic Control Unit Market (By Technology: Transmission control system, Engine management system, Anti-lock braking system, Climate control system, Power steering system, Airbag restraint system, Body control system; By Application: Utility vehicles, Passenger cars, Commercial vehicles) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Automotive Electronic Control Unit Market is expected to reach over USD 70,986.0 Million by 2026 and is expected to grow at CAGR 6.1% during the forecast period, 2019-2026 Electronic control unit (ECU) is an embedded system that responsible for controlling electrical subsystems in a transport vehicle. Most of the modern motor vehicles have up to 80 ECUs. The development of an ECU unit ma

Automotive Aluminum Market (By End Use: Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Cars; By Application: Suspension, Powertrain, Body Structure, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global Automotive Aluminum market is expected to grow at noteworthy CAGR around 8.4 % throughout the forecast period and reach around US$ 62 billion by 2026. It offers great security and durability combined with increased fuel efficiency and decreased emissions as well as offers the most common metal

Autonomous Parking System Market (By Components: Radar, Lidar, Image Sensor, Ultrasonic, Camera, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Autonomous Parking System Market size is expected to reach over 1.8 USD billion by 2026 and is expected to grow at CAGR 15.8% during the forecast period, 2019-2026. Continuously rising vehicle sales across the globe coupled with the increasing concern for the parking spaces have drive the global Autonomous parking system market during the forecast period 2019-2026. Durin

Automotive Sun Visor Market (By Surface Material: Vinyl, Fabric; By Type: LCD Sun Visor, Conventional Type; By Vehicle Type: Commercial Vehicle, Passenger Vehicle, Electric Vehicle; By Sales Channel: Aftermarket, OEM) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Global automotive sun visor market size is accounted over USD 10 billion by 2026 and is expected to grow at CAGR 3.2% during the forecast period 2019 to 2026. Sun visors has become an important part of modern vehicles and they enhance the overall appearance of the vehicle interior. Rising in demand for stylish sun visors, consistent increase in vehicle production across the world, owing to rapid urbanization, and increase in p

Cart Summary