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The Worldwide On-Demand Transportation Industry is Expected to Grow at a CAGR of 16.30% During 2021 to 2029 - ResearchAndMarkets.com

·4 min read

DUBLIN, October 13, 2021--(BUSINESS WIRE)--The "On-Demand Transportation Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029" report has been added to ResearchAndMarkets.com's offering.

The on-demand transportation market worldwide is expected to grow with a CAGR of 16.30% during the forecast period from 2021 to 2029.

Companies Mentioned

  • Uber Technologies Inc.

  • Lyft Inc.

  • ANI Technologies Pvt. Ltd. (OLA)

  • Grab Holdings Inc.

  • Wingz Inc

  • Careem Inc.

  • Comuto SA (BlaBlaCar)

  • Bolt (Formerly taxify)

  • Gett Inc.

  • Beijing Xiaoju Technology Co Ltd.(Didi Chuxing)

  • Curb Mobility

  • Cabify

  • Europcar Mobility Group

  • The Hertz Corporation

  • Avis Budget Group Inc.

  • Bayerische Motoren Werke AG (BMW)

  • Daimler AG

  • Transdev

  • General Motors Company

  • Ford Motor Company

  • Robert Bosch GmbH

  • Hyundai Motor Company

  • Enterprise Holdings Inc.

  • Meru Cabs

  • Jugnoo

  • Zoomcar

  • Revv car

  • Myles

The on-demand transportation market is expected to witness tremendous growth in the near future due to the rise in smartphones and internet penetration. On account of increased traffic problems, insufficient parking spaces and an increase in the utilization of cab/taxi sharing services is driving the market. Market players are introducing new expansion strategies such as new product launch and merger & acquisitions to gain the market share. For example, in 2018, General Motors acquired one self-driving car services startup Cruise and launched a car-sharing platform Maven. Considering these factors, we are expecting high growth in the on-demand transportation market.

Passenger cars hold the highest market share in the on-demand transportation industry with more than 50% of the market revenue, as of 2020. Conventionally, cabs have been among the most commonly used modes of public transport. With the digitization of the same service, people can book their cabs online at much higher convenience, thereby driving the penetration of on-demand transportation. In addition, market players offer several modes of cab services including sharing, long distance and monthly pass across wide range of vehicles. Thus, the passenger cars segment will continue as the market leader in the on-demand transportation market.

Asia Pacific to Emerge as the Market Leader in the Forecast Period

In 2020, North America led the market with more than 30% market share followed by the Asia Pacific. Due to the rise in internet penetration in the Asia Pacific, we are expecting a boom in the on-demand transportation market in the Asia Pacific. Additionally, growing smartphone & internet usage coupled with easy availability of transportation through apps is likely to drive the Asia Pacific market. Due to the increase in urban population and growing traffic congestion, Asia Pacific is expected to grow with a rapid pace.

Key questions answered in this report

  • What was the market size of on-demand transportation in 2020 and forecast up to 2029?

  • Which is the largest regional market for on-demand transportation?

  • What are the major trends followed in overall on-demand transportation across different regions?

  • What are the key market trends and high-growth opportunities observed in the on-demand transportation market?

  • What are the drivers of the on-demand transportation market?

  • Who are the key on-demand transportation companies leading the market?

  • What are the key strategies adopted by the leading on-demand transportation companies in the market?

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Market Dynamics

3.1 Introduction

3.1.1 Global ODT Market Value, 2019 - 2029, (US$ Mn)

3.2 Market Drivers

3.3 Market Growth Inhibitors

3.3.1 Impact Analysis of Drivers and Restraints

3.4 Key Market Trends

3.5 Attractive Investment ProVehicle Class, by Geography, 2020

3.6 Competitive Analysis

3.6.1 Market Vehicle Classing of Key ODT Vendors, 2020

3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global On-Demand Transportation (ODT) Market Analysis, by Vehicle Class, 2019 - 2029 (US$ Mn)

4.1 Overview

4.2 Passenger Cars

4.3 Commercial Vehicles

4.4 Micro-mobility

Chapter 5 Global On-Demand Transportation (ODT) Market Analysis, by Service Type, 2019 - 2029 (US$ Mn)

5.1 Overview

5.2 E-Hailing

5.3 Car Rental

5.4 Car Sharing

5.5 Bus Sharing

Chapter 6 North America On-Demand Transportation (ODT) Market Analysis, 2019 - 2029 (US$ Mn)

Chapter 7 Europe On-Demand Transportation (ODT) Market Analysis, 2019 - 2029 (US$ Mn)

Chapter 8 Asia Pacific On-Demand Transportation (ODT) Market Analysis, 2019 - 2029 (US$ Mn)

Chapter 9 Rest of the World (RoW) On-Demand Transportation (ODT) Market Analysis, 2019 - 2029 (US$ Mn)

Chapter 10 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/ql3cjl

View source version on businesswire.com: https://www.businesswire.com/news/home/20211013005884/en/

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