On-Demand Transportation Market – Global Industry Analysis and Forecast 2022-2029

On-Demand Transportation Market was valued at US$ 106.67 Bn in 2021 and is expected to reach US$ 453.50 Bn by 2029, at a CAGR of 19.83% during a forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report

On-Demand is the method of supplying services in direct response to customer requests. On-demand transport services, which apply this thinking to transportation means, are creating a major global business.

Major driving factors of the On-Demand Transportation market are increasing smartphone applications to carry passengers from designated pickup locations to desired destinations. Services are being supplied on a scale ranging from individuals to several persons at the most.

On-Demand Transportation can be supplied that allow individuals to get where they want to go, when they want to get there, at prices cheaper than taking a taxi, there is the potential for dramatic changes in the trends of human mobility in cities. On-demand transportation interfaced into data systems, it has become possible to accumulate and analyze human mobility data. Data privacy security and public safety will act as restraints to the On-Demand Transportation market.

The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
On Demand Transportation Market Segment Analysis:
Based on the Vehicle Type, the Four-Wheeler segment is expected to hold the largest share in the On-Demand Transportation market during the forecast period. On-demand four-wheelers are earning notice not only for their use in urban areas but also as a potential means of resolving the current challenges in running public transportation systems in regional areas sorely impacted by depopulation.

Four-wheelers are also increasingly viewed as a feasible approach to lowering the burden on the natural environment. Development is being advanced on an on-demand transport system by Convenient & Smart Vehicle. On the strength of this technology, door-to-door on-demand transportation.

In terms of region, Asia Pacific is expected to hold the largest share in the On-Demand Transportation market during the forecast period. The Asia-Pacific region and serves as a mechanism for reporting on the provision of transport infrastructure and services; the challenges remaining in regional, urban, and rural connectivity; and public health issues, such as road safety and emission pollutions.

This acknowledges the increasing role of intelligent transport systems for urban and inter-city mobility and recognizes the role of rural accessibility as a key component of success in connecting production with consumption to end hunger and open for the opportunity in On-Demand Transportation.

The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the On-Demand Transportation market. Moreover, the study also covers an On-Demand Transportation market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
On Demand Transportation Market, Key Highlights:
• Global on Demand Transportation Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global On Demand Transportation Market

• Global on Demand Transportation Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global on Demand Transportation Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global on Demand Transportation Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global on Demand Transportation Market are also profiled.
Scope of the Report for On-Demand Transportation Market: Inquire before buying



Global On-Demand Transportation Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 106.67 Bn.


Forecast Period 2022 to 2029 CAGR:
19.83%
Market Size in 2029:
US $ 453.50 Bn.


 Segments Covered:
By Service Type
• E-Hailing
• Car Rental
• Car Sharing


By Vehicle Type
• Four Wheeler
• Micro Mobility


by Service
• E-Hailing
• Car Rental
• Car Sharing



On-Demand Transportation Market, by Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
On-Demand Transportation Market Key Players are:
• International Business Machines Corporation (IBM)
• BMW Group
• Daimler Group
• Ford Motor Company
• General Motor Company
• Gett, Inc
• Robert Bosch
• Uber Technologies Inc.
• Toyota Motor Corporation
• Avis Budget Group, Inc.
• DIDI Chuxing
• Taxify
• Ola
• Lyft
• ANI Technologies Pvt. Ltd.
Frequently Asked questions
1. What is the market size of the Global On-Demand Transportation Market in 2021?
Ans. The market size Global On-Demand Transportation Market in 2021 was US$ 106.67 Billion.

2. What are the different segments of the Global On-Demand Transportation Market?
Ans. The Global On-Demand Transportation Market  is divided into Service Type and Vehicle Type.

3. What is the study period of this market?
Ans. The Global On-Demand Transportation Market will be studied from 2021 to 2029.

4. Which region is expected to hold the highest Global On-Demand Transportation Market  share?
Ans. The Asia Pacific dominates the market share in the  market.

5. What  is the Forecast Period of Global On-Demand Transportation Market?
Ans. The Forecast Period of the market is 2022-2029 in the market.