Mobility on Demand Market 2020 Growth, Share And Comprehensive Analysis By 2026 | Top Players: Delphi Automotive,Drivy, Grab, Didi Chuxing, Daimler AG, Avis, Enterprise Holdings, Lyft, Uber Technologies, General Motors, Zipcar
Mobility on Demand Market is expected to exceed USD 250 billion by 2026. The growing demand for alternative transportation modes over private vehicles is anticipated to drive the market in the coming years.
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Technological advancements and changing social & environmental needs are enabling the mobility on demand industry to change continuously. Several industry participants are increasing their investments in innovations to enhance the efficiency of these services. For instance, the Federal Transit Administration developed the mobility on demand initiative to develop efficient, automated, integrated, and connected transportation systems to offer personalized mobility options. Governments across the globe are promoting the usage of these on-demand mobility options to reduce traffic congestion and maintain the environmental conditions.
The North America region accounted for a large mobility on demand market share in 2018 as compared to other regions owing to the large number of consumers, primarily the millennial generation that is more inclined to adopt these technologies. Employing mobility on demand provides consumers with the benefits of using a vehicle without extra financial funds such as vehicle lease, maintenance, repair, and insurance needed in owning & maintaining a vehicle. Large organizations operating in this region are also employing corporate mobility on demand to attract and retain employees without incurring very high financial costs. North America also accounts for a large number of market players such as Lyft, Zipcar, and Maven, that are growing in prominence owing to the large target customer base and ideal work conditions such as ease in setting up a business.
Some major findings in the mobility on demand market report include:
o Stringent regulations pertaining to hazardous gas emissions are encouraging several companies to invest in industry developments
o The rising working population has created the requirements for time-reliable and flexible mobility solutions across the globe
o Increased consumer security and flexibility offered by newly developed mobility service providers is adding up to the demand globally
o Rising automobile prices and cost of ownerships of technically advanced vehicles limit consumers to purchase new vehicles. However, these factors of the automotive industry are compelling consumers to opt on-demand mobility options supporting the mobility on demand market development.
o Prominent players operating in the industry include Drivy, Grab, Didi Chuxing, Daimler AG, Avis, Enterprise Holdings, Lyft, Uber Technologies, General Motors, Zipcar, Delphi Automotive, etc.
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Major companies present in the industry include Al Futtaim Vehicle Rentals, Autolib, Avis Budget Group, Cabify, cambio CarSharing, Car2Go, Cityhop, Communauto, Inc., Didi Chuxing, DriveNow GmbH & Co. KG, Drivy, Easy Taxi & more.
Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Mobility on Demand Industry Insights
Chapter 4 Mobility on Demand Market, By Service
Chapter 5 Mobility on Demand Market, By Application
Chapter 6 Mobility on Demand Market, By Region
Chapter 7 Company Profiles
Car Sharing Market Size By Model (P2P, Station-Based, Free-Floating), By Business Model (Round Trip, One Way), By Application (Business, Private), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 - 2024
Car Sharing Market is projected to surpass USD 11 billion by 2024. Increasing initiatives by the government to increase the usage of these services are expected to be one of the major factors driving the car sharing market growth. In July 2017, the ministry of transport of China drafted a policy to provide incentives to the users of these services, such as preferential parking slots & rates. Increasing government support is encouraging the implementation of these services with the traditional transportation modes.
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