Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on on-demand transportation market provides in-depth
analysis of segments and sub-segments in the global as well as regional
on-demand transportation market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional on-demand
transportation market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
on-demand transportation market. According to the report, the global on-demand
transportation market is projected to grow at a CAGR of 17.3% over the forecast
period of 2019-2025.
Recently Uber announced the
addition of Uber Copter service for its elite users. It will provide helicopter
air service from Lower Manhattan to JFK airport at an average rate of USD
200-225. This shows that on-demand transportation services have expanded
significantly. New tech companies including OLA, Grab, Uber Technologies Inc.,
Lyft, Inc., Taxify OÜ, Gett and others have formed an entirely new platform in
the transportation market. Statistically speaking, Uber has about 75 million
active users while Lyft, Uber greatest competitor, has over 23 million active
users worldwide.
The growing middle-class
population with lower per-capita income is the key driving factor for the
growth of the on-demand transportation market. These people cannot afford to
buy a vehicle and hence find on-demand transportation as a better option for their
transportation as on-demand transportation offer rides at cheaper rates.
Moreover, the service providers operate through mobile phone applications,
where users can pre-book, modify or cancel their rides on the application. High
penetration of smartphones is another factor that is propelling the growth of
the on-demand transportation market. Furthermore, the individuals owning their
own vehicles face problems such as increasing traffic, rising fuel cost and
lack of parking spaces. This in return increases the demand for on-demand
transportation. However, poor connectivity in some locations and rising concern
about passenger safety are the two major factors hampering the growth of the
on-demand transportation market. Additionally, the development of Artificial
Intelligence for transportation is expected to provide promising opportunities
for companies in the on-demand transportation market.
The change in consumer behavior,
rise in the disposable income and various government initiatives to promote
public transportation are some of the common factors contributing to the growth
of the on-demand transportation market across all the regions. North America is
generating higher revenues as compared to other regions in the on-demand
transportation market. This region dominates the on-demand transportation
market owing to the presence of the major key players in the market and
favorable regulations and initiatives by the governments. The on-demand
transportation market in the Asia-Pacific region is witnessing growth at higher
rates due to growing traffic congestion and higher fuel prices.
The report on global on-demand
transportation market covers segments such as service type, and vehicle type.
On the basis of service type, the sub-markets include car sharing, e-hailing,
car rental, and station based mobility. On the basis of vehicle type, the
sub-markets include passenger cars, light commercial vehicles, heavy commercial
vehicles, buses & coaches, and micro-mobility.
The report provides profiles of
the companies in the market such as Uber Technologies Inc., Lyft, Inc., ANI
Technologies Pvt. Ltd. (OLA), GrabTaxi Pte Ltd. GT GetTaxi (UK) Limited, Taxify
OÜ, Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing), Curb Mobility, LLC, The
Hertz Corporation, Wingz, Inc, and Other Companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of on-demand transportation market. Moreover, the study highlights
current market trends and provides forecast from 2019-2025. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.