openPR Logo
Press release

On-demand Transportation Market set to record exponential growth by 2026 end, Says TMR

08-17-2022 05:32 PM CET | Science & Education

Press release from: Techict

Transparency Market Research (TMR) found that the global on-demand transportation market has a considerably strong competitive landscape due to the influence of a few leading players. Key players such as ANI Technologies Pvt. Ltd. (OLA), Lyft, Inc., Grab, Careem, Uber Technologies Inc., and Taxify OÜ, are some of the players upholding leading shares in the market. To stand out from this market competition, the large and small-scale market players are putting efforts to introduce new offers. These players are concentrating on bringing forth immense improvements in the products to sustain in the cutthroat competition of the market. Also, new players are also concentrating on offering low-priced advanced products.

Access Complete Report of On-demand Transportation Market @ https://www.transparencymarketresearch.com/on-demand-transportation-market.html

According to TMR, the global on-demand transportation market is expected to swell with a stellar CAGR of 14% over the forecast period from 2018 to 2026. Based on vehicle type, the global on-demand transportation market is segmented into light commercial vehicles, passenger cars, busses & coaches, heavy commercial vehicles, and micro mobility. Among these, micro mobility offers various advantages such as flexible mobility and less consumption of fuel. Furthermore, it enables to enhance energy and cost efficiency, which is compelling consumers to choose this vehicle type. Rising strictness of environmental regulations along with growing traffic congestion is projected to encourage consumers to adopt micro mobility in the forthcoming years.

Make an Enquiry Before Buying- https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=55536

There are factors like increasing fuel price, rising disposable income, government initiatives, and consumer behavior play an essential part in propelling the growth of the global market across the globe. Based on the geography, the market in Asia Pacific was the dominant regional segment followed by North America and Europe. Existing leading players are also putting their efforts to deliver efficient self-driven vehicles across North America. These efforts will continue to foster the growth of the global on-demand transportation market.

Rising IT Usage by Millennial, Propels the Growth of the Global Market

Increasing usage and added features of smartphones and connected automobiles is rising the adoption of on-demand transportation. There are on-demand transportation options such as station-based mobility, car sharing, e hailing, and car rental. These services enable users to cancel, modify, or pre-book their cars through mobile apps such as Gett, Uber, and Ola.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=55536

Developments in IT infrastructure and rising usage of car sharing services by millennial. These growing uses of on-demand transportation are anticipated to boost the adoption of global on-demand transportation market in many places. This market is projected to experience substantial growth in the upcoming years, due to increased fuel prices and traffic. There various initiative taken by government those are likely to drive the global on-demand transportation market.

There are various on-demand transportation services but car rental was the leading in terms of market share from the past few years. However, rise in demand for other services like car sharing and e-hailing are estimated to witness significant growth in the forthcoming years. Market players are engaging in various business expansion approaches like partnerships and product launches to lead the market share.

On-demand transportation can have Safety Issues

In spite of having various growth aspects, on-demand transportation market is affected by some restraints such as safety of women, high-cost, and proper verification of vehicle-drivers. These aspects are negatively affecting the use of on-demand transportation, as these may cause considerable damage and hamper the safety of certain aspects. These are the prime factors hindering growth of the global on-demand transportation market.

Nevertheless, on-demand transportation mainly uses artificial intelligence (AI) and information technology (IT). Moreover, this will efficiently manage and coordinate transportation systems. Adoption of these technologies will offer lucrative opportunities for growth of the on-demand transportation market.

Request for Customization Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=55536

This information is encompassed in the report by TMR, titled, "On-demand Transportation Market (Business Model - P2P, B2B, B2C; Vehicle Type - Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Buses and Coaches, Micro-mobility; Autonomy Level - Manual, Semi-autonomous, Autonomous; Power Source - Fuel Powered, HEV, PHEV, BEV; Type - Ride-sharing, Vehicle Rental/Leasing, Ride Sourcing; Application - Passenger Transportation, Goods Transportation) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 -2026."

The global On-demand Transportation Market has been segmented as follows:

Type
Ride-sharing
Vehicle Rental/Leasing
Ride Sourcing

Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Busses & Coaches
Micro mobility
Business Model
P2P
B2B
B2C

Autonomy Level
Manual
Semi-autonomous
Autonomous
Power Source
Fuel Powered
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)

Application
Passenger Transportation
Goods Transportation

Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Asia Pacific
China
India
Japan
ASEAN
Middle East & Africa (MEA)
GCC
South Africa
Rest of MEA
Latin America
Brazil
Mexico
Rest of Latin America

More Trending Reports by Transparency Market Research -

Last Mile Delivery Transportation Market- https://www.transparencymarketresearch.com/last-mile-delivery-transportation-market.html

Intelligent Transportation System Market- https://www.transparencymarketresearch.com/intelligent-transportation-system-market.html
Smart Transportation Market- https://www.transparencymarketresearch.com/smart-transportation-market.html
Transportation Lighting Market- https://www.transparencymarketresearch.com/transportation-lighting-market.html
On-demand Transportation Market- https://www.transparencymarketresearch.com/on-demand-transportation-market.html
Transportation Management System Market- https://www.transparencymarketresearch.com/transportation-management-system-market-2017-2025.html
Transportation and Security System Market- https://www.transparencymarketresearch.com/transportation-security-system-market.html
Perishable Goods Transportation Market- https://www.transparencymarketresearch.com/perishable-goods-transportation-market.html

About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel - 
https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact Us:

Rohit Bhisey

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com

Blog: https://tmrblog.com

Email: sales@transparencymarketresearch.com

Original Source: https://www.transparencymarketresearch.com/on-demand-transportation-market.html

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 On-demand Transportation Market set to record exponential growth by 2026 end, Says TMR here

News-ID: 2707554 • Views:

More Releases from Techict

12-16-2022 | Health & Medicine
Techict
mHealth Monitoring Diagnostic Medical Devices Market to Perceive Substantial Gro …
The global mHealth monitoring diagnostic medical devices market market is estimated to attain a valuation of US$ 29.05 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 20.5% during the forecast period, 2019 to 2027. The key objective of the TMR report is to offer a complete assessment of the global
Caster Wheels Market is Expected to Rake in Revenues Worth US$ 13.2 Bn by 2031 E …
The global caster wheels market is projected to grow at a decent pace during the forecast period, owing to the expansion of hospitality, medical, and textile industries; rise in sale of material handling equipment such as carts; and launch of new innovative products such as kingpin casters. Furthermore, the availability of customized services in caster wheel design and manufacturing by specialist players is likely to drive the global market. The
Trailer Wheel Market Insights about Your Competitors and Their Marketing Approac …
The global trailer wheel market was valued over US$ 0.9 Bn in 2021. It is estimated to grow at a CAGR of 5.2% from 2022 to 2031. The global trailer wheel market is expected to surpass value of US$ 1.5 Bn by the end of 2031. Trailers are unpowered vehicles towed by powered vehicles with the help of a hitch. These trailers are used for transportation of goods and commodities from
Car Detailing Market Insights by Size, Status and Forecast 2030
Car detailing is the process of performing systematic operations and procedures in order to keep the vehicle in the best possible condition. Based on type, car detailing can be segmented into external detailing and internal detailing. Internal car detailing is achieved by the removal of both visible and fine dust particles and contaminants from the vehicle's interior, while external detaining is achieved by polishing the exterior in order to achieve

All 5 Releases


More Releases for Transportation

Treks Transportation: Premium Transportation Charter Service for Every Need
Treks Transportation offers customized transportation charter services, providing flexibility, comfort, and convenience for business trips, personal travel, and special events with personalized itineraries and private travel experiences. Transportation charter services have become essential for those seeking customized travel experiences. Whether for business, personal trips, or special events, these services offer unparalleled flexibility, comfort, and convenience. Treks Transportation's transportation charter service is designed to cater to various travel needs, from corporate events
Barge Logistic Transportation Market Sets the Table for Continued Growth | Kirby …
The latest study released on the global 'Barge Logistic Transportation' market by AMA Research evaluates market size, trend, and forecast to 2030. The 'Barge Logistic Transportation' market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Get
Barge Logistics Transportation Market is Booming Worldwide | Kirby, SEACOR, Bouc …
The latest study released on the Global Barge Logistics Transportation Market by AMA Research evaluates market size, trend, and forecast to 2028. The Barge Logistics Transportation market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Download
Air Transportation Market 2028 by Transportation Type, Transportation Mode and G …
Global Air Transportation Market 2028 Report give our customers an exhaustive and top to bottom examination of Air Transportation market alongside its key factors, for example, market diagram and rundown, pieces of the pie, restrictions, drivers, local examination, players, serious elements, division, and considerably more. The Air Transportation Market information introduced inside this report is acquired dependent on a few strategies, for example, PESTLE, Porter's Five, SWOT examination, the effect
Student Transportation Service Market Is Booming Worldwide | Dean Transportation …
Student Transportation Service Market: The extensive research on Student Transportation Service Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Student Transportation Service Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the market, such as
Student Transportation Service Market | Global and Regional Analysis and Forecas …
Student Transportation Service Market describes an in-depth evaluation and Covid19 Outbreak study on the present and future state of the Student Transportation Service market across the globe, including valuable facts and figures. Student Transportation Service Market provides information regarding the emerging opportunities in the market & the market drivers, trends & upcoming technologies that will boost these growth trends. The report provides a comprehensive overview including Definitions, Scope, Application, Production