DUBLIN† July 4, 2022 /PRNewswire/ — The “On-Demand Transportation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offer.
The global on-demand transportation market reached a value of US$128.1 billion in 2021. Looking ahead, the publisher expects the market to reach US$376.0 billion by 2027, with a CAGR of 19.66% in 2021-2027. Taking into account the uncertainties of COVID-19, we are continuously monitoring and evaluating the direct and indirect impact of the pandemic. These insights are included in the report as a key market contributor.
On-demand transportation allows passengers to book their journey at a convenient time. It offers the possibility to change, pre-book or cancel reservations using a mobile application, increasing the convenience of both commuters and service providers.
It also helps to book passenger and commercial vehicles such as taxis, cars, charter buses, contract buses, party buses and rented buses. At present, on-demand transportation is gaining popularity all over the world due to the increasing digitization and the growing penetration of internet-based services.
The global on-demand transportation market is primarily driven by rising smartphone sales. In addition, a significant increase in traffic-related problems, rising fuel costs, fewer parking spaces and high car costs have positively impacted the demand for on-demand transportation services. They provide enhanced security and safety by using intelligent communication systems. In line with this, numerous developments in the information and technology (IT) infrastructure, coupled with the increasing demand for private taxi/taxi services, act as another growth driver.
In addition, on-demand transportation relies on artificial intelligence (AI) to efficiently coordinate and manage transportation systems. It provides passengers with traffic related information for better coordination with the drivers. This in turn creates favorable prospects for the market. Other key factors expected to drive the growth of the market include increasing tourism activity around the world, increasing labor force population, rising trend of road trips and modernization in the automotive sector.
Competitive landscape:
The competitive landscape of the industry was also examined along with the profiles of the key players namely ANI Technologies Pvt. Ltd, Avis Budget Group Inc., Bayerische Motoren Werke AG, Daimler AG, Ford Motor Company, Gett Inc., Grab Holdings Inc., International Business Machine Corporation, Lyft Inc., Robert Bosch GmbH, Toyota Motor Corporation and Uber Technologies Inc.
Important questions answered in this report
1. What is the projected growth rate of the global on-demand transportation market in 2022-2027?
2. What are the key factors driving the global on-demand transportation market?
3. What is the impact of COVID-19 on the global on-demand transportation market?
4. What is the breakdown of the global on-demand transportation market based on the type of service?
5. What is the breakdown of the global on-demand transportation market based on vehicle type?
6. What is the global on-demand transportation market segmentation based on application?
7. What are the key regions in the global on-demand transportation market?
8. Who are the key players/companies in the Global On-Demand Transportation Market?
Main topics covered:
1 Preface
2 Scope and methodology
3 Summary
4 Introduction
4.1 Overview
4.2 Key industry trends
5 Global On-Demand Transportation Market
5.1 Market overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market forecast
6 Market breakdown by service type
6.1 E-Hailing
6.1.1 Market trends
6.1.2 Market forecast
6.2 Car sharing
6.2.1 Market trends
6.2.2 Market forecast
6.3 Car rental
6.3.1 Market trends
6.3.2 Market forecast
6.4 Station-related mobility
6.4.1 Market trends
6.4.2 Market forecast
7 Market breakdown by vehicle type
7.1 Four-wheeler
7.1.1 Market trends
7.1.2 Market forecast
7.2 Micromobility
7.2.1 Market trends
7.2.2 Market forecast
8 Market breakdown by application
8.1 Passenger transport
8.1.1 Market trends
8.1.2 Market forecast
8.2 Freight transport
8.2.1 Market trends
8.2.2 Market forecast
9 Market breakdown by region
10 SWOT analysis
11 Value Chain Analysis
12 Porter’s Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market structure
14.2 Key players
14.3 Profiles of protagonists
14.3.1 ANI Technologies Pvt. Ltd
14.3.1.1 Company overview
14.3.1.2 Product portfolio
14.3.2 Avis Budget Group Inc.
14.3.2.1 Company overview
14.3.2.2 Product portfolio
14.3.2.3 Financial data
14.3.2.4 SWOT analysis
14.3.3 Bayerische Motoren Werke AG
14.3.3.1 Company overview
14.3.3.2 Product portfolio
14.3.3.3 Financial data
14.3.3.4 SWOT analysis
14.3.4 Daimler AG
14.3.4.1 Company overview
14.3.4.2 Product portfolio
14.3.4.3 Financial data
14.3.4.4 SWOT analysis
14.3.5 Ford Motor Company
14.3.5.1 Company overview
14.3.5.2 Product portfolio
14.3.5.3 Financial data
14.3.5.4 SWOT analysis
14.3.6 Gett Inc.
14.3.6.1 Company overview
14.3.6.2 Product portfolio
14.3.7 Grab Holdings Inc.
14.3.7.1 Company overview
14.3.7.2 Product portfolio
14.3.8 International Business Machine Corporation
14.3.8.1 Company overview
14.3.8.2 Product portfolio
14.3.8.3 Financial data
14.3.8.4 SWOT analysis
14.3.9 Lyft Inc.
14.3.9.1 Company overview
14.3.9.2 Product portfolio
14.3.9.3 Financial
14.3.9.4 SWOT analysis
14.3.10 Robert Bosch GmbH
14.3.10.1 Company overview
14.3.10.2 Product portfolio
14.3.10.3 SWOT analysis
14.3.11 Toyota Motor Corporation
14.3.11.1 Company overview
14.3.11.2 Product portfolio
14.3.11.3 Financial data
14.3.11.4 SWOT analysis
14.3.12 Uber Technologies Inc.
14.3.12.1 Company overview
14.3.12.2 Product portfolio
14.3.12.3 Financial data
14.3.12.4 SWOT analysis
For more information about this report, visit https://www.researchandmarkets.com/r/i409n7
Media contact:
Laura Woodsenior manager
[email protected]
For EST business hours, call +1-917-300-0470
For US/CAN Toll Free Call +1-800-526-8630
For GMT office hours, please call +353-1-416-8900
US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/worldwide-on-demand-transportation-industry-to-2027—featuring-daimler-ford-motor-company-and-gett-among-others-301580178. html
SOURCE Research and markets