On-demand Transportation Market Surges to USD 287.6 Billion by 2031, Registering at a 7.2% | States Transparency Market Research, Inc.
Subscription-based services are likely to drive demand for on-demand transportation.
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Oct. 18, 2024 (GLOBE NEWSWIRE) — The on-demand transportation market (주문형 운송 시장) was valued at US$ 153.2 billion in 2022. A CAGR of 7.2% is expected between 2023 and 2031, increasing the market to
Global On-demand Transportation Market: Regional Landscape
- Asia Pacific is expected to drive demand for the on-demand transportation market. As urbanization and traffic increase, on-demand transport services will become increasingly important. Increasing tech-savvy citizens and the growing use of smartphones have contributed to the rise of app-based ride-hailing in countries such as South Korea and China.
- Regulatory assistance and advantageous regulations promote expanding on-demand transportation services in economies such as Japan. The growing demand for shared mobility solutions is driving the popularity of ride-sharing and bike-sharing services. In addition to e-scooters and bike rentals, micro-mobility options provide more on-demand transport alternatives.
- Integrating on-demand transportation with public transportation networks can be improved by working with local transportation authorities and providers. Digital wallets and novel payment mechanisms are becoming increasingly common in regions like China and India, allowing smooth transactions and improving customer satisfaction.
Global On-demand Transportation Market: Competitive Landscape
Sustainable and inclusive practices are increasingly incorporated by players operating in the on-demand transportation market. Cooperative transportation and shared mobility are being invested in by key players in the on-demand transportation market to improve consumer convenience and demand.
Key Players
- Uber Technologies Inc.
- ANI Technologies Pvt. Ltd. (OLA)
- Lyft Inc.
- Grab
- Careem
- Taxify OÜ
- Gett
- Beijing Xiaoju Technology Co Ltd. (Didi Chuxing)
- BlaBlaCar
- Wingz Inc.
- Curb Mobility
- Easy Taxi Serviços LTDA
- Cabify
- Turo
- Yandex
- Car2go NA, LLC
- DriveNow GmbH & Co. KG
- Cabio CarSharing
- Maven
- Mobility Cooperative
- SOCAR Mobility Malaysia
- Europcar
- Sixt SE
- The Hertz Corporation
- Avis Budget Group, Inc.
- Enterprise Holdings Inc.
Key Developments
- In June 2023, Uber, an app that offers ridesharing services, introduced its first electric vehicle product, Uber Green, at the Chhatrapati Shivaji Maharaj International Airport (CSMIA). As part of its electrification journey, the company offers zero-emission electric rides on-demand in Mumbai, a convenient and emission-free option.
Global On-demand Transportation Market: Segmentation
By Type
- Ride-sharing
- Vehicle Rental/Leasing
- Ride Sourcing
By Business Model
- P2P
- B2B
- B2C
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Buses & Coaches
- Micro-mobility
By Autonomy Level
- Manual
- Semi-autonomous
- Autonomous
By Power Source
- Fuel Powered
- HEV
- PHEV
- BEV
By Application
- Passenger Transportation
- Goods Transportation
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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