On-Demand Transportation Market By Vehicle Class (Passenger Cars, Commercial Vehicles), By Service Type (E-Hailing, Car Rental, Car Sharing, Bus Sharing) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Rising Internet Penetration and Increased Traffic Issues to Boost the On-Demand Transportation Market

The on-demand transportation market worldwide is expected to grow with a CAGR of 16.30% during the forecast period from 2019 to 2027, starting from US$ 47.62 Bn in 2018. 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 sharing services, the market is growing. Market players are introducing new expansion strategies, such as new product launches and mergers and acquisitions, to gain market share. For example, in 2018, General Motors acquired the self-driving car startup Cruise and launched the car-sharing platform Maven. Considering these factors, we are expecting high growth in the on-demand transportation market.

Market Synopsis

Passenger Cars to Continue as the Market Leader

Passenger cars hold the highest market share in the on-demand transportation industry, with more than 50% of the market revenue as of 2018. 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 service, including sharing, long-distance, and monthly passes across a wide range of vehicles. Thus, the passenger car segment will continue to be the market leader in the on-demand transportation market.

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

In 2018, North America led the market with more than 30% market share, followed by 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 region. Additionally, growing smartphone and internet usage, coupled with the 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 at a rapid pace.

Some of the prominent players operating in the on-demand transportation market include Uber Technologies Inc., Lyft, Inc., ANI Technologies Pvt. Ltd. (OLA), Grab Holdings Inc., Wingz, Inc., Careem Inc., Camuto 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.,

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027,considering 2018as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The on-demand transportation market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global on-demand transportation market based on vehicle class, service type, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of on-demand transportation in 2018 and the forecast up to 2027?
  • 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?

Unique data points of this report

  • Statistics on on-demand transportation worldwide
  • Recent trends across different regions in terms of the adoption of on-demand transportation
  • Notable developments are going on in the on-demand transportation industry.
  • attractive investment proposition for the on-demand transportation segment as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Frequently Asked Question:

The market for On-Demand Transportation Market is expected to reach USD$ 47.62 Bn in 2027.

The On-Demand Transportation Market is expected to see significant CAGR growth over the coming years, at 16.30%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

ANI Technologies Pvt. Ltd. (OLA), Grab Holdings Inc., Wingz, Inc., Careem Inc., Camuto SA (BlaBlaCar), Bolt (formerly Taxify), Gett, Inc., Beijing Xiaoju Technology Co., Ltd.are some of the major players in the global market.

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Published Date:  Jul 2019
Category:  Technology & Media
Report ID:   59754
Report Format:   PDF
Pages:   120
Rating:    4.4 (66)
Delivery Time: 24 Hours to 48 Hours   
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