On-demand Transportation Market by Product and Services, Application and is growing with the CAGR of 13.20% by 2028

 

Market Analysis and Insights : Global On-demand Transportation Market

On-demand transportation market will reach at an estimated value of 542.49 million and grow at a CAGR of 13.20% in the forecast period of 2021 to 2028. Increased problems related to traffic is an essential factor driving the on-demand transportation market.

On-demand transportation is defined as an internet-based service which is used to book means of transportation in return of money, based on the distance and time it is used for. Numerous types of vehicles, such as commercial vehicles or passenger vehicles, can be booked or reserved through on-demand transportation services as per the requirement of the consumer. Furthermore, the service is highly popular in urban areas, due to increased digitalization and rising dependency on internet-based services.

Growing fuel costs is a crucial factor accelerating the market growth, also reduced parking spaces, increasing penetration of smartphone and connected vehicles, rising cost of automobiles has boosted the inclination towards on-demand services which enable users to modify, pre-book and cancel their bookings at lower costs through applications, which in turn increases the demand for the product, rising surge in the usage of car sharing services by millennials and rising presence of major players coupled with their efforts to deliver efficient driverless shuttles are the major factors among others boosting the on-demand transportation market.

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https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-on-demand-transportation-market

On-Demand Transportation Market Scope and Market Size

On-demand transportation market is segmented on the basis of type, vehicle type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of type, on-demand transportation market is segmented into ride-sharing, vehicle rental/leasing and ride sourcing.
  • Based on vehicle type, the on-demand transportation market is segmented into passenger cars, light commercial vehicles, heavy commercial vehicles and micro mobility.
  • The on-demand transportation market is also segmented on the basis of application into passenger transportation and goods transportation.
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Competitive Landscape and On-Demand Transportation Market Share Analysis

On-demand transportation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to on-demand transportation market.

The major players covered in on-demand transportation market report are IBM, Bayerische Motoren Werke AG, Daimler AG, Ford Motor Company, General Motors, Gett, Bosch Limited, Uber Technologies Inc., TOYOTA MOTOR CORPORATION, Beijing Xiaoju Technology Co, Ltd., Avis Budget Group, Bolt Technology OÜ, ANI Technologies Pvt. Ltd, Lyft, Inc. and Maxi Mobility S.L. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.


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