On-Demand Transportation Market to Witness Growth Acceleration During 2022-2028 | ANI Technologies Pvt. Ltd. (OLA), Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing)

The on-demand transportation is an internet-based service that is utilized to book means of transportation in return for money, based on the distance and time it is used for. The various types of vehicles, such as commercial vehicles or passenger vehicles, can be reserved or booked through on-demand transportation services as per the requirement of the consumer. Additionally, the service is very popular in urban areas, due to high dependency on internet-based services and high digitalization.

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Companies Profiled in this report includes:  ANI Technologies Pvt. Ltd. (OLA), Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing), BlaBlaCar, Careem, Curb Mobility,  Gett Business Solutions, Grab,  Lyft, Inc., Maxi Mobility S.L, Uber Technologies Inc.

MARKET SEGMENTATION

Based on type, the global on-demand transportation market market is segmented into ride-sharing, vehicle rental/leasing, and ride sourcing.

On the basis of vehicle type, the market is segmented into [assenger cars, light commercial vehicles, heavy commercial vehicles, and nicro mobility.

On the basis of application, the market is segmented into passenger transportation, and goods transportation.

MARKET DYNAMICS

Drivers

  Increasing smartphone applications to carry passengers from designated pickup locations to desired destinations.

Restraints

  Data privacy security and public safety will act as restraints to the On-Demand Transportation market.

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IMPACT OF COVID-19 ON ON-DEMAND TRANSPORTATION MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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