On-Demand Transportation Market is Ensuing at a CAGR of 20.4% during the forecast period
Rising penetration of smartphones and connected vehicles is increasing the adoption of on-demand transportation services such as e-hailing, car sharing, car rental, and station-based mobility. These services enable users to pre-book, modify, or cancel their taxi reservations via mobile applications such as Uber and Gett.
Advancements in IT infrastructure and growing usage of car sharing services by millennials are anticipated to drive the adoption of on-demand transportation services in Europe. The Asia Pacific regional market is estimated to witness considerable growth over the forecast period, owing to increased traffic and fuel prices. Government initiatives, such as Smart Mobility 2030 plan of the Land Transport Authority of Singapore, are also likely to bolster the growth of the market. However, issues regarding poor connectivity and high costs of developing infrastructure may hamper the growth of the market. Therefore, car sharing service providers are focusing on developing car-sharing applications, which do not require internet connectivity for accessing them. For further inquiries, about - Global On-Demand Transportation Market Analysis, Size, Growth, Trends and Forecast to 2025, click on this link https://www.radiantinsights.com/research/on-demand-transportation-market
Further key findings from the study suggest:
• E-hailing services is poised to be the fastest growing segment by registering a CAGR of 21.1% over the forecast period, as these services provide flexibility to users by allowing them to reserve taxis through an application
• Micro mobility provides benefits such as reduced fuel consumption. The segment is projected to register the highest CAGR of 25.5% over the forecast period
• The vehicle-to-pedestrian (V2P) connectivity segment is expected to expand at a CAGR of 22.3% over the forecast period. V2P helps connect pedestrians with vehicles via a wireless network and enhances safety by providing real-time traffic information
• Asia Pacific is anticipated to be the most promising region during the forecast period due to increased traffic and vehicle costs in countries such as Japan and China
• Some of the prominent industry participants are International Business Machines Corporation (IBM); BMW Group; Daimler Group; Ford Motor Company; General Motor Company; Gett, Inc.; and Robert Bosch GmbH.
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Table of Contents
Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope and Assumptions 1.3 List of Data Sources
Chapter 2 Executive Summary 2.1 On-Demand Transportation - Industry Snapshot & Key Buying Criteria, 2014 - 2025 2.2 On-demand transportation market, 2014 - 2025
Chapter 3 On-Demand Transportation Industry Outlook 3.1 Market Segmentation 3.2 Market Size and Growth Prospects 3.3 On-demand Transportation Market - Value Chain Analysis 3.4 On-demand Transportation - Market Dynamics
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Chapter 4 On-Demand Transportation Service Type Outlook 4.1 On-Demand Transportation Market Share By ServiceType, 2016 & 2025 4.1.1 E-hailing market, 2014 - 2025 4.1.2 Car sharing, 2014 - 2025 4.1.3 Car rental, 2014 - 2025 4.1.4 Station-based mobility market, 2014 - 2025
Chapter 5 On-Demand Transportation Vehicle Type Outlook 5.1 On-Demand Transportation Market Share By Vehicle Type, 2016 & 2025 5.1.1 Four-wheeler market, 2014 - 2025 5.1.2 Micro mobility market, 2014 - 2025
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