Press release
On-Demand Transportation Market To Witness the Highest Growth Globally In Coming Years 2023-2029 | Daimler, Robert, Toyota Motor
On-Demand Transportation
The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future.
The detailed information is based on current trends and historic milestones. Some of the players studied are International Business Machines Corporation (United States), BMW Group (Germany), Daimler Group (Germany), Ford Motor Company (United States), General Motor Company (United States), Gett, Inc. (United States), Robert Bosch GmbH (Germany), Avis Budget Group, Inc. (United States), Toyota Motor Corporation (Japan), Uber Technologies Inc. (United States), Ola Inc. (India), Careem (Saudi Arabia), City mapper (United Kingdom).
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The Global On-Demand Transportation Market was valued at USD 21.8 billion in 2023 and is expected to reach USD 589.75 billion by 2029, growing at a CAGR of 19.4 % during 2023-2029.
Definition:
On-demand transportation refers to a service that allows users to request and receive transportation services as needed, typically through a digital platform or mobile application. This model has become increasingly popular with the rise of technology and the sharing economy.
Market Trends:
The concept of MaaS involves integrating various forms of transportation services into a single, accessible platform. This allows users to plan, book, and pay for different modes of transportation seamlessly, including public transit, ridesharing, bike-sharing, and more.
Market Drivers:
Many on-demand transportation drivers work as independent contractors rather than traditional employees. This gives them flexibility in terms of working hours but also means they are responsible for their own expenses, such as fuel, maintenance, and insurance.
Market Opportunities:
Launching a ride-sharing platform presents opportunities for entrepreneurs to connect drivers with passengers. This can be a lucrative venture, especially in areas with high population density and transportation demand.
Global On-Demand Transportation Market Competitive Analysis
Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
Players Included in Research Coverage: International Business Machines Corporation (United States), BMW Group (Germany), Daimler Group (Germany), Ford Motor Company (United States), General Motor Company (United States), Gett, Inc. (United States), Robert Bosch GmbH (Germany), Avis Budget Group, Inc. (United States), Toyota Motor Corporation (Japan), Uber Technologies Inc. (United States), Ola Inc. (India), Careem (Saudi Arabia), City mapper (United Kingdom)
Additionally, Past Global On-Demand Transportation Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
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Segmentation and Targeting
Essential demographic, geographic, psychographic, and behavioural information about business segments in the On-Demand Transportation market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behaviour, and patterns.
On-Demand Transportation Product Types In-Depth: E-Hailing, Car Sharing, Car Rental, Station-Based Mobility) by Vehicle Type (Four Wheeler, Micro Mobility
On-Demand Transportation Major Applications/End users: Public Transportation, Freight Transportation, Other
On-Demand Transportation Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyse the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyse reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.
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Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
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About Us:
HTF Market Intelligence is a leading market research company providing end-to-end syndicated and custom market reports, consulting services, and insightful information across the globe. HTF MI integrates History, Trends, and Forecasts to identify the highest value opportunities, cope with the most critical business challenges and transform the businesses. Analysts at HTF MI focuses on comprehending the unique needs of each client to deliver insights that are most suited to his particular requirements.
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