Mobility on Demand Market Growth by key players: Toyota Motor, Delphi Automotive PLC, Intel, International Business Machines Corporation, Uber Technologies Inc., BMW AG, Robert Bosch GmbH, General Motors, and Ford Motor

Market Overview: -

Mobility on Demand Market to growing at CAGR of over 10 percent from 2018 to 2024. The development of travel & tourism industry is expected to be one of the major drivers of the industry. According to the World Travel & Tourism Council, in 2016, the direct contribution of this sector to GDP was USD 2,306.0 billion, that is approximately 3.1% of the total GDP. Transport forms a vital component of the travel industry for the sustainable growth of the sector. Using mobile technologies, travelers are seeking more freedom of movement, demanding advanced mobility solutions such as car rental services and positively impacting the mobility on demand market. Furthermore, several tourism & hospitality companies are offering services such as car rental and ride-hailing. For instance, Active African Vacations Ltd. has partnered with Self Drive Uganda to provide car rental services to the tourists.

The smart cities initiatives by the governments of various countries including the U.S., Spain, Ireland, India, Singapore, and Sweden are expected to speed up the mobility on demand market expansion. The governments are providing incentives to the people to share rides while commuting and converting the existing public fleet of vehicles to electric vehicles. For instance, under the smart city project, the Vienna Model Region is developing e-mobility on demand to integrate the transportation system with the e-car sharing model effectively.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1229

Top Key Players: -

Some of the vendors in the mobility on demand market include Avis Budget Group, Hertz Corporation, Car2Go, Didi Chuxing, DriveNow GmbH & Co. KG, and Enterprise Rent-A-Car. The industry is characterized by the presence of several global & regional players and common strategies adopted by the players include mergers & acquisitions and partnerships. For instance, in March 2018, Daimler AG acquired the European car sharing platform, Car2Go by acquiring a major share from Europcar, a car rental company. In March 2017, Fox Rent-A-Car announced the acquisition of cloud-based P2P car sharing platform, JustShareIt.

Market share calculation in this report is not done based on companies covered in it. The calculation of mobility on demand market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

The Germany mobility on demand market is expected to grow over the next six years due to the stringent regulations imposed on taxi drivers such as the obligation to operate taxi service and obligation to set rates. Increasing environmental consciousness and openness to innovations among the consumers are expected to drive industry growth. Several automobile companies in the country are entering the mobility on demand market to regain the declining positions due to the reduction in car ownership. For instance, BMW Group entered the industry by forming a subsidiary, DriveNow, which is a car sharing company.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1229

Partial Chapter of the Table of Content

Chapter 3. Mobility on Demand Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.2.1. Evolution of car sharing business model
3.2.2. Ride hailing industry landscape
3.2.2.1. Evolution of taxi industry
3.2.2.1.1. North America
3.2.2.1.2. Europe
3.2.2.1.3. Asia Pacific
3.2.2.1.4. Latin America
3.2.2.1.5. MEA
3.2.3. Demographic analysis
3.2.3.1. North America
3.2.3.2. Europe
3.2.3.3. Asia Pacific
3.2.3.4. Latin America
3.2.3.5. MEA
3.2.4. Automotive industry landscape, 2013 – 2024
3.2.4.1. North America
3.2.4.2. Europe
3.2.4.3. Asia Pacific
3.2.4.4. Latin America
3.2.4.5. MEA
3.3. Mobility-on-demand service availing frequency, per day/month/year
3.4. Industry ecosystem analysis
3.4.1. Aggregators
3.4.2. Optimizer
3.4.3. Fleet management
3.4.4. Fleet financing
3.4.5. Fleet manufacturer
3.4.6. Vendor matrix
3.5. Technology roadmap
3.5.1. Ride hailing apps
3.5.2. 5G infrastructure
3.5.3. Radio Frequency (RF)
3.5.4. GPS based navigation
3.5.5. Autonomous vehicles
3.5.6. Electric vehicles
3.5.6.1. Battery electric car, stock by country, 2013-2017
3.5.6.2. Plug-in hybrid electric cars, stock by country, 2013-2017
3.6. Regulatory landscape
3.6.1. Vehicle Excise and Registration Act 1994 (Section 29)
3.6.2. Environmental Protection Agency
3.6.3. Regulation for greenhouse gas emission from passenger cars and trucks
3.6.4. Road Traffic Act 1988
3.6.5. Canada Motor Vehicle Safety Act
3.6.6. Vehicular safety standards & regulations in India
3.6.7. Anti-air-pollution law
3.7. Industry impact forces
3.7.1. Growth drivers
3.7.1.1. Growth in worldwide travel & tourism industry
3.7.1.2. Stringent government regulations regarding emission control in Europe and North America
3.7.1.3. Incentives offered by the government to use car sharing in U.S.
3.7.1.4. Growing adoption of vehicles enabled with advanced technologies
3.7.1.5. Reduction in traveling/commuting cost
3.7.1.6. Growing adoption of car rental services on airports
3.7.1.7. Increasing investments in car sharing by the automobile manufacturers in Germany
3.7.1.8. Growing adoption of urban mobility due to increasing traffic congestion and pollution in China
3.7.1.9. Lack of proper public transportation infrastructure in India
3.7.1.10. Increase in number of smartphone and internet users in developing economies
3.7.1.11. Changing regulations in Malaysia and Singapore
3.7.1.12. Lack of public transport infrastructure in MEA and Latin America
3.7.2. Industry pitfalls & challenges
3.7.2.1. Inadequate transportation infrastructure
3.7.2.2. Lack of flexibility
3.7.2.3. Increasing data and application security concerns
3.7.2.4. Reducing driver margins
3.7.2.5. Low awareness and acceptance of these services in Latin America and MEA
3.8. Growth potential analysis
3.8.1. Car sharing
3.8.2. Car rental
3.8.3. Ride hailing
3.9. Porter's analysis
3.9.1. Supplier power
3.9.2. Buyer power
3.9.3. Threat of new entrants
3.9.4. Threat of substitutes
3.9.5. Internal rivalry
3.10. Competitive landscape, 2017
3.10.1. Key differentiators
3.10.2. Investment landscape
3.10.2.1. Car sharing
3.10.2.2. Car rental
3.10.2.3. Ride hailing
3.10.3. Significant development by key players
3.10.3.1. Car sharing
3.10.3.2. Car rental
3.10.3.3. Ride hailing
3.11. PESTEL analysis

Browse Full Report @ https://bit.ly/2nNHPxx

The legalization of ride-hailing services, such as Uber and Grab, by the government of Malaysia will drive the mobility on demand market growth in the region. The government of Malaysia has made amendments to the Commercial Vehicles Licensing Board (CVLB) Act and Land Public Transport Act to allow the ride-hailing operators to work as an intermediary. The intermediary business license will allow these operators to facilitate transactions and booking of these services.

Growing concerns regarding the privacy and security of the customer data are expected to challenge the mobility on demand market growth. The penetration of smartphones and increasing internet usage is encouraging the users to use applications that open loopholes for cyber threats.
The mobility on demand market in business applications is poised to grow at a significant pace as these services help the corporate organizations to reduce the dependency on private fleets. Also, these services allow the organizations to significantly reduce fleet-related costs and optimize the fleet management. Companies such as Omoove and Ubeeqo provide these services to the corporations that are tailored according to their specific requirements.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.