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On-Demand Transportation Market 2022 Analysis By Size, Share, Growth, Trends Up To 2031 | Avis Budget Group Inc, BlaBlaCar, Bayerische Motoren Werke Group AG, Bolt, Cabify, Careem Inc
On-Demand Transportation Market
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The global on-demand transportation market report by the business research company identifies growing tourism and a working-class population to be a major growth driver for the on-demand transportation market. Tourism refers to a social and economic phenomenon that entails the movement of people to countries or places outside their usual environment for personal, business, or professional purposes. On-demand transportation helps tourism and the working-class population by booking their journey at a convenient time and being picked up from an agreed location that is quicker and easier to use. For instance, in January 2020, according to the World Tourism Organization, a Spain-based United Nations specialised agency, in 2019, there were 1.5 billion international visitor arrivals recorded worldwide, a 4% gain from the previous year, establishing tourism as a leading and robust economic industry, especially in light of the current uncertainty. Therefore, the growing tourism and working-class population are driving the growth of the on-demand transportation market.
The global on-demand transportation market size is expected to grow from $109.71 billion in 2021 to $132.60 billion in 2022 at a compound annual growth rate (CAGR) of 20.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The on-demand transportation market is expected to grow to $282.65 billion in 2026 at a CAGR of 22.8%.
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Asia-Pacific was the largest region in the on-demand transportation market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in this on-demand transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the on-demand transportation market are Avis Budget Group Inc, BlaBlaCar, Bayerische Motoren Werke Group AG, Bolt, Cabify, Careem Inc., Curb Mobility, Daimler AG, Europcar Mobility Group, Ford Motor Company, General Motor Company, Gett Inc, Grab Holdings Inc, Hyundai Motor Company, International Business Machines Corporation (IBM), Lyft Inc, Didi Chuxing Technology Co, Enterprise Holdings Inc., and Jugnoo
The global On-Demand Transportation market is segmented -
1) By Type: Ride-Sharing, Vehicle Rental/Leasing, Ride Sourcing
2) By Vehicle: Four-Wheeler, Micro Mobility
3) By Application: Passenger Transportation, Goods Transportation
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The On-Demand Transportation Market Report Contents Include
1. Executive Summary
2. On-Demand Transportation Market Characteristics
3. On-Demand Transportation Market Trends And Strategies
4. On-Demand Transportation Market - Macro Economic Scenario
5. On-Demand Transportation Market Size And Growth
....
27. On-Demand Transportation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The On-Demand Transportation Market
29. On-Demand Transportation Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the On-Demand Transportation market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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