On-Demand Transportation Market Size & Forecast Report, 2014 - 2025

The global On-Demand Transportation Market is expected to reach USD 290.3 billion by 2025 as the scope, product types and applications are increasing across the globe. On-Demand Transportation implies a user-oriented system of public transport characterized by changeable routing and scheduling of small/medium cars working in a shared-ride method between pick-up and drop-off places according to customers’ requirements. The On-Demand Transportation market is expected to grow at a CAGR of 20.4% in the upcoming period.

The saturation of smartphones and linked vehicles is increasing the acceptance of on-demand transportation services such as car sharing, e-hailing, station-based mobility, and car rental. These facilities permit operators to modify, pre-book or cancel their taxi/car booking reservations via mobile applications such as Gett, Ola, and Uber. Developments in IT organizations and rising usage of car-sharing facilities by millennials are estimated to propel the acceptance of on-demand transportation services.

However, issues related to high costs and poor connectivity of emerging infrastructure may restrain the development of the On-Demand Transportation industry. Consequently, car-sharing facility providers are concentrating on emerging car-sharing applications, which do not need internet connectivity for accessing them. The On-Demand Transportation market may be explored by service type, vehicle type, vehicle connectivity, and geography.

On-Demand Transportation may be explored by service types as E-Hailing, Station-Based Mobility, Car Sharing, and Car Rental. The e-hailing service type of on-demand transportation is anticipated to be the fastest-developing sector. The increasing penetration of car-sharing and smartphones applications is enhancing this segment. The rising cost of fuel and increasing traffic is expected to boost the development of the sector. In addition, the several development programs started by numerous ministrations are also likely to bolster On-Demand Transportation industry development.

On-Demand Transportation may be explored by vehicle type as Four-Wheeler, and Micro Mobility. The micro Mobility sector of On-Demand vehicle type is estimated to grow in the forthcoming period. It offers several benefits such as flexible mobility and fuel consumption. Additionally, it permits energy efficiency and improved cost, which are driving users to choose this vehicle type. Stringent rules regarding environment conservation across the globe, associated with sternness relating to vehicle manufacturing are encouraging operators to accept this vehicle type.

On-Demand Transportation may be explored by vehicle connectivity as V2V, V2P, V2I, and V2N. The vehicle-to-pedestrian (V2P) connectivity sector is anticipated to grow at a CAGR of 22.3% over the upcoming period. V2P helps link pedestrians with vehicles via a wireless system and improves security by providing real-time traffic flow data.

Asia-Pacific has been at the forefront with regards to the On-Demand Transportation industry and will continue to rule the roost in the years to come. The Asia Pacific accounted for the major share of the On-Demand Transportation Size Analysis in 2016. The factors that attribute to the growth of Asia Pacific’s On-Demand Transportation market include rising population, increased traffic, increasing disposable income, vehicle costs in developing countries like China and Japan, etc.

Some of the key players that fuel the growth of the On-Demand Transportation industry include BMW Group; International Business Machines Corporation (IBM); Robert Bosch GmbH, General Motor Company; Ford Motor Company and Gett, Inc. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Market Segment:

On-Demand Transportation Service Type Outlook (Revenue, USD Million, 2014 - 2025)
    • E-Hailing
    • Car Sharing
    • Car Rental
    • Station-Based Mobility

On-Demand Transportation Vehicle Type Outlook (Revenue, USD Million, 2014 - 2025)
    • Four-Wheeler
    • Micro Mobility

On-Demand Transportation Vehicle Connectivity Outlook (Revenue, USD Million, 2014 - 2025)
    • V2V
    • V2I
    • V2P
    • V2N

On-Demand Transportation Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • the U.S.
        • Canada
    • Europe
        • Germany
        • France
    • the Asia Pacific
        • China
        • Japan
        • Korea
    • Rest of the World (RoW)