Mobility On Demand Market Growth Analysis To 2024 | DiDi, Grab, Delphi, Daimler AG, Lyft, Zipcar, General Motors, Europcar Mobility Group

As per estimates, overall mobility on demand market from car sharing services is slated to grow at a remarkable CAGR of 30% by 2024. Car sharing economy, though draws a major attention from startups and venture capital investors, established automakers are also leaving no stone unturned to leverage maximum benefits from the lucrative business space. The mass popularity of car sharing services is allowing mobility on demand industry to attain remarkable heights.

The appreciable growth of mobility on demand market is projected to be one of the most significant trends that the globe would witness in the next decade. The ongoing exponential popularity of ride hailing, car sharing and last-mile delivery services is just the beginning of a global shift away from personal vehicle ownership to a shared, on-demand model. Research shows that car sharing is capable of reducing car ownership with an estimation of 1 shared vehicle replacing 15 owned vehicles.

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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.

The business space has evolved with extreme rapidity, as converging forces including the likes of powertrain technologies, widespread data connectivity, and connected & autonomous vehicles are making profound headways in the conventional mobility ecosystem. It is prudent to mention that the efforts undertaken by the regional governmental bodies to promote these services have been a key enabler in stimulating mobility on demand market growth.

It is expected that globally, shared platforms will account for the most miles driven in urban settings by 2024. Given that car ownership is significantly high in Europe and North America, these regions might not register a game changing effect as far as the regional landscape of the mobility on demand market growth is concerned.

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Mobility on demand market report industry segmentation - What points are mentioned in the study about the service spectrum?
o As per the study, the mobility on demand industry is disbanded into ride hailing, car sharing, car rental, with reference to the service spectrum.
o The report contains details pertaining to the market share that every segment will procure by the end of the forecast period.
o The growth rate that the service segments over the projected duration are also mentioned in the report alongside the target remuneration.
Mobility on demand market report industry segmentation - What points are mentioned in the study about the application spectrum?
o The study segregates the mobility on demand industry into business & private - as per the application landscape.
o The report is inclusive has details pertaining to the market share that every sub-segment will account for by the end of the projected duration.
o The growth rate that the sub-segments will record over the projected timeline has been discussed in the study in tandem with the target remuneration.

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