openPR Logo
Press release

Mobility on Demand Market will observe substantial demand in the forecast timeframe, Top Key Players; Al-Futtaim, Avis Budget Group, Cabify, Didi, asy Tax, Enterprise Rent-A-Car, Europcar, Grab, Lyft, Uber

03-01-2019 07:14 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Mobility on Demand Market

Mobility on Demand Market

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. According to a new research report by Global Market Insights, Inc., Mobility on Demand (MOD) Market size is set to exceed USD 200 billion by 2024.

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

Global 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. 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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Al-Futtaim
2. Avis Budget Group
3. Cabify
4. DiDi
5. Easy (Easy Taxi)
6. Enterprise Rent-A-Car
7. Europcar
8. Gett
9. Grab
10. Hertz
11. Localiza Hertz
12. Lyft
13. Sixt
14. Uber
15. Zipcar
16. Drivy
17. ORIX Corporation
18. DriveNow GmbH & Co. KG

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.

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

The Europe MOD market is expected to witness growth at approximately 9% CAGR owing to the advanced automotive sector of Germany and the presence of key players such as BMW Group and Delphi Automotive PLC. Flinkster is a station-based car sharing provider, which exclusively operates in Germany. In June 2017, Delphi announced a strategic partnership with Transdev with an aim to develop a fully automated and intelligent transport system.

The Asia Pacific mobility on demand market is expected to witness a strong growth in car sharing service segment, which is expected to reach over USD 2 billion by 2024 owing to the rapid urbanization in economies including India and China. China is witnessing increasing pressure to tackle traffic congestion and air pollution problems while India is facing problems pertaining to weak public transport infrastructure.

Government organizations in India, China, Malaysia, and Singapore are stressing on undertaking measures to solve the traffic and pollution issues. The local governments of Qingdao, Shenzhen, Shanghai, and Beijing are supporting the adoption of services by offering parking lots and adding cars. In October 2015, the State Council encouraged the automotive manufacturers to develop and implement car sharing market services in the country.

The Chinese government is also acting in favor of car-sharing developments in the country both at local as well as central levels, which by extension is opening up a plethora of opportunities for the regional mobility on demand market players. The State Council, in the year 2015, encouraged regional automakers to bring forth innovative car sharing models.

Browse key industry insights spread across 400 pages with 510 market data tables & 32 figures & charts from the report, Mobility on Demand Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/mobility-on-demand-mod-market

One year later, in March 2016, 10 national level ministers and commissions, under the National Development and Reform Commission, put forth some of the important guidelines with regards to shared economy and improved credit system. These initiatives speak volume and has undeniably contributed to China mobility on demand market share. In fact, with China, Singapore, and India at the growth front, entire Asia Pacific mobility on demand industry size is forecast to surpass the billion-dollar benchmark (USD 2 billion) by 2024.

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.

Various automobile manufacturers are forming strategic partnerships with mobility on demand vendors to promote the use of electric or plug-in hybrid cars. For instance, Volkswagen UK formed a partnership with Zipcar to launch a new fleet of 50 Volkswagen GTE plug-in hybrid cars in London. These premium zero-emission cars encourage more people to choose electric instead of fossil-fuel-based cars.

Technological advancements and the emerging IoT trend are further propelling the mobility on demand market growth. Rise in the number of connected vehicles and the increasing penetration of smartphones are anticipated to drive the industry. Various government organizations are focusing on encouraging digitalization for the overall economic growth. Technological developments, such as autonomous and AI-enabled vehicles, are expected to revolutionize the industry. Innovations, such as electric vehicles and GPS-based navigation systems, are anticipated to fuel the mobility on demand market growth.

Key players in the mobility on demand market comprise Al-Futtaim, Autolib'​, Avis Budget Group, Cabify, CAR2GO, cambio CarSharing Deutschland, Cityhop cars by the hour, NZ's first carshare company, Communauto, DiDi, DriveNow GmbH & Co. KG, Drivy, Easy (Easy Taxi), Enterprise Rent-A-Car, Europcar, Getaround, Gett, Grab, Hertz, Localiza Hertz, Lyft, ORIX Corporation, Sidecar, Sixt, Uber, and Zipcar.

Browse Related Reports: https://www.openpr.com/news/1609013/Global-Chatbot-Market-Trends-Analysis-By-Key-Playrs-Players-Astute-Solutions-Bold360-Facebook-Google-Haptik-Helpshift-IBM-Kiwi-Inc-Microsoft-Nuance-Communications-LivePerson-Slack-SRI-International.html

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
Blog: www.industry-source.org

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Mobility on Demand Market will observe substantial demand in the forecast timeframe, Top Key Players; Al-Futtaim, Avis Budget Group, Cabify, Didi, asy Tax, Enterprise Rent-A-Car, Europcar, Grab, Lyft, Uber here

News-ID: 1625427 • Views: 834

More Releases from Global Market Insights, Inc.

Specialty Chemicals Market to showcase significant growth via electronic chemica …
Specialty Chemicals Market in electronic chemicals sector size is projected to witness gains more than 4.5% CAGR. These find widespread applications in electronic apparatuses including integrated circuits and semiconductors. Additionally, increasing smartphone customer base will favor growth. Specialty chemicals market size will be boosted by robust growth in end user industries including construction and automotive. These compounds are used in adhesives and paints &coatings, which are widely used in automotive as
Bitumen Market will experience considerable growth from 2019 to 2025 | Top Key P …
Global Market Insights has recently published a study titled ‘Global Bitumen Market Research Report’. in this report, analysts have provided a detailed evaluation of the global Bitumen market. the report is inclusive of a completely comprehensive study of the Bitumen market alongside all the important factors that are likely to have an impact on the commercialization matrix of the market. A highly methodical quantitative as well as qualitative analysis of the
Chlorinated Paraffin Market: What are the main factors that contributing towards …
The Chlorinated paraffin Market research study provides a detailed survey of the vital players – this is based on the financial highlights, company outline, SWOT Analysis, Product Portfolio, as well as major strategies and the expansion plans of industry contenders. This report is also anticipated to reflect consistent growth in years to come, since consumers are now being rather aware of product quality. This market analysis of an industry is
Iron Ore Pellets Market To Witness A Substantial Growth In The Next 7 Years
Global Market Insights declares the publication of its latest research report, with the title ‘Global Iron ore pellets Market’. This report sheds light on the analysis of the industry challenges, growth opportunities, industry threats, as well as strengths. Also, the weaknesses prevalent across the industry scenario and the restraining factors of the market are also provided. The Iron ore pellets Market research study provides a detailed survey of the vital

All 5 Releases


More Releases for Mobility

Global Mobility Scooter Market 2018 Top Players: Van Os Medical, TGA Mobility, E …
Qyresearchreports include new market research report “Global Mobility Scooter Sales Market Report 2018” to its huge collection of research reports. Global Mobility Scooter market competition by top manufacturers/players, with Mobility Scooter sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including Kymco Sunrise Medical Pride Mobility Products Invacare Roma Medical Hoveround Corp Drive Medical Golden Technologies Quingo Merits Health Products Afikim Electric Vehicles Get PDF for more Professional and Technical insights @ https://www.qyresearchreports.com/sample/sample.php?rep_id=1584123&type=S Stakeholders of all sizes
Making e-mobility user friendly
DELFIN project develops innovative services and methods How can companies break into the electromobility market faster and more effectively? In what way can innovative services help to focus electromobility solutions on users’ needs? What shape should IT support take? And what will the mobility markets of the future look like? According to a Fraunhofer IAO survey, users’ view of electromobility is essentially positive. But despite this, electrically powered vehicles are still
Robust mobility
Mobile devices that are designed to record, control and transmit data outdoors have to fulfil many different functions. This makes it all the more relevant to think in terms of form and function. The enclosures by OKW are comfortable to hold, have a robust construction and are already available in specific plastic materials from stock. However, for particular properties of the parts, such as improved chemical resistance, flame resistance or
Claim Management in Mobility Projects
New mobility projects, like construction of subways, fully automatic driverless metro systems, mainline railways and suburban train projects, are on their way currently on their all over the world. The implementations of such projects involve complex technologies, the management of various interfacing systems and tight time schedules. Not surprisingly, those projects are therefore often harmed by obstructions and hindrances leading to claims between the projects participants. We have talked to
SAP Mobility Solutions Go Free
In a major shift in the SAP 3rd party solution space, Australian mobility company, 10seconds Software today announces the release of completely free versions of its Express Suite family of products , providing ‘SAP Approvals from Anywhere’. Sydney, NSW - 11 July 2011 – Australian mobility company, 10seconds Software today announces the release of free versions of its Express Suite family of products , providing ‘SAP Approvals from Anywhere’ to the
Mobility means real time
Connections are the future of communication Paderborn (Germany) 26 October 2010: The future of communication is connections. This means that mobility equals real time. The communication world is shifting from disconnected to connected, making people to not only listen or receive, but to live conversation, making the change from isolated to social. Local mobile real time is connecting the world. Taking into account that today’s mobile phones are more powerful than