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Mobility on Demand Market By Growth Factors and Key Players: Toyota Motor Corporation, Delphi Automotive PLC, Intel Corporation, International Business Machines Corporation, Uber Technologies, BMW AG, Robert Bosch GmbH, General Motors Company, Ford Motor

09-24-2018 08:32 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Mobility on Demand Market

Mobility on Demand Market

Market Overview: -

Mobility on demand market is expected to grow over the forecast time span due to the increasing inclination of customers toward shared services rather than ownership. The costs of owning vehicles including components, such as insurance, repair & maintenance, and depreciation, are more than the sharing of vehicles. Furthermore, volatility in fuel prices is encouraging the users to switch to the shared transport, propelling the mobility on demand market growth. Mobility on demand market size is projected to surpass USD 200 billion by 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.

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Top Key Players:

Key players operating in the mobility on demand market include Toyota Motor Corporation, Delphi Automotive PLC, Intel Corporation, International Business Machines Corporation, Uber Technologies Inc., BMW AG, Robert Bosch GmbH, General Motors Company, Ford Motor Company, Autolib, Avis Budget Group, Cabify, Car2Go, Communauto, Didi Chuxing, DriveNow GmbH & Co. KG

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.

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Partial Chapter of the Table of Content

Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.1.4.1. Definitions
1.1.4.2. Assumptions, methodology & forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Mobility on demand industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Service trends
2.1.4. Application trends
2.1.5. Car sharing business model trends
2.1.6. Car rental vehicle type trends
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

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The growing popularity of car sharing services is expected to propel the mobility on demand market growth. Reduction in travel costs and emissions of greenhouse gases are some of the drivers of the car-sharing industry. Station-based car sharing services currently sized at over 600 million encourage the commuters to walk, cycle, or use public transportation to the car-stations. Technological advancements, such as smartcards, GPS tracking, and app-based reservation of cars, will drive the car sharing market growth, impacting the industry growth.

The mobility on demand (MOD) market in private applications is expected to witness a significant growth over the forecast timespan due to growing inclination of individual commuters toward shared services. Increasing traffic congestion in urban areas is compelling the people to opt for services such as ride hailing for running daily errands such as grocery shopping, thus propelling the ride hailing market growth to reach over USD 100 billion by 2024. Increased convenience of booking these services through apps on smartphones and websites is further increasing the demand for mobility on demand market in private applications.

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: www.gminsights.com

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