According to Precedence Research, The on-demand transportation market size garnered US$ 120.85 billion in 2020 and is expected to generate US$ 701.1 billion by 2030, manifesting a CAGR of 19.25% from 2021 to 2030. The report contains 150+ pages with detailed analysis.
The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The on-demand transportation market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
On-Demand transportation allows passengers to plan their trip at a convenient time (during service operating hours) and be picked up at an agreed-upon location. On-demand transportation is becoming more popular around the world. E-hailing, automobile sharing, car renting, and station-based mobility are providing a productive environment for the transportation business to develop.
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Key Companies & Market Share Insights
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers, novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the major players in the global on-demand transportation market include:
- International Business Machines Corporation (IBM)
- BMW Group
- Daimler Group
- Ford Motor Company
- General Motor Company
- Gett, Inc.
- Robert Bosch GmbH.
- NI Technologies Pvt. Ltd. (OLA)
- Lyft Inc.
- Uber Technologies Inc.
- Taxify OÜ
- Wingz Inc.
- Curb Mobility
On-Demand Transportation Market Scope
This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, the Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes the market by key players and various segment. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
Crucial factors accountable for market growth are:
- Increased traffic congestion as a result of an increase in the number of automobiles
- Increased tourist and working-class population, as well as a growing trend of road trips
- The increasing popularity of smartphones
- Rising gasoline prices, fewer parking spots, and exorbitant automotive prices
On-Demand Transportation Market Report Highlights
- Car rental was expected to be the largest segment in terms of market share among various on-demand transportation services in 2017. However, demand for other services such as e-hailing and car sharing is expected to rise significantly over the forecast period.
- The four-wheeler segment provides advantages such as reduced noise pollution and a more comfortable driving experience, which is critical in developed countries. Rising consumer disposable income in countries such as India and China are also helping to drive growth. Thus, the four-wheeler segment has the major share in the on-demand transportation market.
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By Service Type: E-Hailing, Car Sharing, Car Rental, Station-Based Mobility
By Vehicle Type: Four-Wheeler, Micro Mobility
By Geography: North America, Europe, Asia Pacific, Rest of the World
On-Demand Transportation Market Dynamics
Driver – The rising sales of smartphones
The rising number of linked vehicles has improved acceptability of on-demand transportation services such as car sharing, e-hailing, station-based mobility, and automobile renting. With the use of mobile applications, consumers may alter, pre-book, or cancel their cab arrangements. Furthermore, advancements in IT infrastructure and a growth in the use of cab or taxi sharing services by individuals are expected to fuel the introduction of on-demand transportations that save fuel and time.
In 2020, smartphone penetration in India reached 54 percent, with a projected increase to 96 percent by 2040, more than doubling from the previous fiscal year, when just 22 percent of mobile users used a smartphone. In 2020, the total number of smartphone shipments in India is expected to be approximately 149.7 million. In 2019, the United Kingdom had the highest smartphone penetration rate in the world, at 82.9%. Increased smartphone sales will have a beneficial influence on the on-road transportation sector throughout the projection period.
Restraint – The increased passenger safety
In recent years, passenger safety has emerged as one of the most important limitations on the expansion of the on-demand transportation industry, with increased passenger safety concerns having a significant influence on market growth. Governments are worried about such incidents and may enact rigorous restrictions to ensure the safety of passengers and drivers. The Department of Transport’s (DoT) On-demand Transport (OdT) business section monitors the passenger transportation industry to ensure public safety requirements are fulfilled. In September 2021, an Indian Uber driver was arrested for raping a female passenger. As a result of this occurrence, the government is implementing passenger safety steps, which will limit market expansion.
Opportunities – Development of AI for transportation
The transportation industry is being transformed by artificial intelligence. It is already being used in a variety of transportation industries, from assisting automobiles to operating autonomously to smoothing traffic flows. It can help to make all means of transportation safer, cleaner, smarter, and more efficient, in addition to making people’s lives simpler. Autonomous transportation powered by artificial intelligence, for example, might assist to eliminate the human mistakes that cause many traffic accidents. The EU is taking efforts to adapt its regulatory framework to these changes, so that it can foster innovation while also ensuring basic values and rights are respected.
General artificial intelligence strategies and guidelines that support the technologies that enable the application of artificial intelligence in transportation are among the measures that have already been implemented. Furthermore, the EU gives financial assistance, particularly for research. For example, in February 2019, the European Parliament passed an own-initiative resolution on “a comprehensive European industrial strategy on artificial intelligence and robotics,” which includes a section on transportation. These aspects provide potential for industry participants in the on-demand transportation business.
Challenges – Poor connectivity in some locations
The well-known issue that many of the world’s poorest people lack the means or equipment to log on, with only 31% of people in developing nations utilising the internet, compared to 77% in affluent ones. Still, Internet connection is a luxury for half of the world’s population, who does not have access to the Internet through a mobile device or fixed line broadband. The greatest access rates are seen in advanced economies such as the United States, France, Germany, the United Kingdom, and Canada. The proportion of Internet users in major emerging economies varies greatly, ranging from roughly two-thirds in Brazil and Mexico to about one-third in India.
Countries in Sub-Saharan Africa, followed by those in Asia’s growing and developing economies, have the lowest Internet connectivity while being world leaders in mobile money transactions. There is also a significant difference in Internet connectivity among organizations in Sub-Saharan Africa; only approximately 60% of businesses utilize email for business, compared to roughly 85% in Europe and Central Asia.
- In 2021, OLA, an Indian e-hailing startup, recently declared a strong desire to extend its operations in Australia and New Zealand.
- For example, in 2015, BMW Group, Audi AG, and Daimler Group paid USD 3.1 billion for HERE, Nokia’s digital mapping and positioning company. The acquisition was made to improve the mapping capabilities of the BMW Group.
- Ford Motor Company announced the formation of Ford Smart Mobility LLC, a new business intended to develop, construct, expand, and invest in innovative mobility services, in 2016.
Asia Pacific is estimated to have the greatest share of the On-Demand Transportation market during the forecast period. The Asia-Pacific area serves as a reporting platform for transportation infrastructure and service provision; regional, urban, and rural connectivity challenges; and public health problems such as road safety and pollutant emissions.In 2021, revenue in the Car Rentals industry in the United States is expected to reach USD 22,424 million. By 2025, the number of users in the Car Rentals market is estimated to reach 49.7 million. In 2021, user penetration is 10.8 percent, with a projected increase to 14.6 percent by 2025. In terms of worldwide revenue, the United States will generate the most. Such high car rental revenue in U.S. will create a positive impact on the overall on-demand transportation market.
On-Demand Transportation Market Segments Covered
By Service Type
- Car Sharing
- Car Rental
- Station-Based Mobility
By Vehicle Type
- Micro Mobility
- North America
- Asia Pacific
- South Korea
- Rest of the World
- To provide a comprehensive analysis of the on-demand transportation industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
- To provide detailed insights into factors driving and restraining the growth of this global market
- To provide a distribution chain analysis/value chain for the this market
- To estimate the market size of the global on-demand transportation market where 2019 would be the historical period, 2020 shall be the base year, and 2020 to 2027 will be the forecast period for the study
- To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
- To analyze the global market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World
- To provide country-wise market value analysis for various segments of the on-demand transportation
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on On-Demand Transportation Market
5.1. COVID-19 Landscape: On-Demand Transportation Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
18.104.22.168. List of Suppliers
22.214.171.124. List of Buyers
Chapter 8. Global On-Demand Transportation Market, By Service
8.1. On-Demand Transportation Market, by Service Type, 2021-2030
126.96.36.199. Market Revenue and Forecast (2019-2030)
8.1.2. Car Sharing
188.8.131.52. Market Revenue and Forecast (2019-2030)
8.1.3. Car Rental
184.108.40.206. Market Revenue and Forecast (2019-2030)
8.1.4. Station-Based Mobility
220.127.116.11. Market Revenue and Forecast (2019-2030)
Chapter 9. Global On-Demand Transportation Market, By Vehicle
9.1. On-Demand Transportation Market, by Vehicle, 2021-2030
18.104.22.168. Market Revenue and Forecast (2019-2030)
9.1.2. Micro Mobility
22.214.171.124. Market Revenue and Forecast (2019-2030)
Chapter 10. Global On-Demand Transportation Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Service (2019-2030)
10.1.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.1.3.1. Market Revenue and Forecast, by Service (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Service (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.1. Market Revenue and Forecast, by Service (2019-2030)
10.2.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.3.1. Market Revenue and Forecast, by Service (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.4.1. Market Revenue and Forecast, by Service (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.5.1. Market Revenue and Forecast, by Service (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Service (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.1. Market Revenue and Forecast, by Service (2019-2030)
10.3.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.3.1. Market Revenue and Forecast, by Service (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.4.1. Market Revenue and Forecast, by Service (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.5.1. Market Revenue and Forecast, by Service (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Service (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.1. Market Revenue and Forecast, by Service (2019-2030)
10.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.3.1. Market Revenue and Forecast, by Service (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Service (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Service (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Service (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Service (2019-2030)
10.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.5.3.1. Market Revenue and Forecast, by Service (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Vehicle (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Service (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
Chapter 11. Company Profiles
11.1. International Business Machines Corporation (IBM)
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. BMW Group
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Daimler Group
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Ford Motor Company
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. General Motor Company
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Gett, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Robert Bosch GmbH.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. NI Technologies Pvt. Ltd. (OLA)
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Lyft Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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The purpose of Precedence Research’s on-demand transportation market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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