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Mobility On Demand Market Is Booming Worldwide | Al-Futtaim, Avis Budget Group, Cabify, DiDi, Easy (Easy Taxi), Enterprise Rent-A-Car, Europcar, Gett, Grab, Hertz, Localiza Hertz, Lyft, Sixt, Uber, Zipcar
Mobility On Demand Market
Various government authorities have rolled out stringent regulations pertaining to hazardous emissions thereby encouraging the industry players to invest more in industry development.
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In light of this, the prominent mobility on demand market players such as Al-Futtaim, Avis Budget Group, Cabify, DiDi, Easy (Easy Taxi), Enterprise Rent-A-Car, Europcar, Gett, Grab, Hertz, Localiza Hertz, Lyft, Sixt, Uber, Zipcar, and various others have laid their focus on expanding and attaining investments from the government, automakers, and other investors to strengthen their respective portfolios.
The rise in utilization of public transport along with advent of technological advancements is allowing the mobility on demand market to change continuously. As younger generation and working people are now looking for more convenience and affordable options in transportation, numerous industry players are increasing their spending on innovations to improve the efficiency of the services.
The Federal Transit Administration had developed the mobility on demand program to develop automated, efficient, integrated, and connected transportation systems to provide more customized options to users. Governments across the world are also playing a major role in promoting the usage of these on-demand mobility options to lessen traffic congestion, which is increasing day by day, at the same time sustainably maintaining the environmental conditions.
A few of the key participants include Grab, Didi Chuxing, Avis, Uber Technologies, Enterprise Holdings, General Motors, among others. Future mobility on demand industry trends will be considerably influenced by efforts of these companies to expand into other geographical markets.
In terms of geographical landscape, U.S. was among the largest mobility on demand market in 2018 due to the growing population who are adopting these technologies with ease. Manufacturers in this region are offering more options for travelers so that it must be easy for them to choose whatever option best meets their needs.
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Large organizations are operating in the U.S. as needs of consumers are shifting with current mobility on demand market trends and giving more emphasis on alternative forms of transportation, asking for more personal choice in mobility. Implementations of these new trends in transportation sector provide opportunities to create an integrated system of mobility choices focused on meeting the user requirements while improving traveler safety.
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