The on-demand transportation is an internet-based service that is utilized to book means of transportation in return for money, based on the distance and time it is used for. The various types of vehicles, such as commercial vehicles or passenger vehicles, can be reserved or booked through on-demand transportation services as per the requirement of the consumer. Additionally, the service is very popular in urban areas, due to high dependency on internet-based services and high digitalization.
MARKET SCOPE
The "Global On-demand transportation Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the on-demand transportation market with detailed market segmentation by type, vehicle type, application, and geography. The report provides key statistics on the market status of the leading on-demand transportation market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global on-demand transportation market market is segmented into ride-sharing, vehicle rental/leasing, and ride sourcing.
- On the basis of vehicle type, the market is segmented into [assenger cars, light commercial vehicles, heavy commercial vehicles, and nicro mobility.
- On the basis of application, the market is segmented into passenger transportation, and goods transportation.
MARKET DYNAMICS
Drivers
- Increasing smartphone applications to carry passengers from designated pickup locations to desired destinations.
Restraints
- Data privacy security and public safety will act as restraints to the On-Demand Transportation market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The on-demand transportation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the On-demand transportation market in these regions.
IMPACT OF COVID-19 ON ON-DEMAND TRANSPORTATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the on-demand transportation market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from On-demand transportation market market are anticipated to lucrative growth opportunities in the future with the rising demand for On-demand transportation market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the On-demand transportation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ANI Technologies Pvt. Ltd. (OLA)
- Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing)
- BlaBlaCar
- Careem
- Curb Mobility
- Gett Business Solutions
- Grab
- Lyft, Inc.
- Maxi Mobility S.L
- Uber Technologies Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.