Mobility on Demand Market: Emergence of advanced technologies and global industry analysis 2026

Transportation is essential for everyday business. With advancements in information technology and the Internet of Things (IoT) in the past decade, consumers are now able to communicate with other platforms to share or hire their mode of transportations, which are not only time-efficient, cost-efficient, and comfortable, these platforms also go a long way in conserving energy. Consequently, the global mobility on demand market, which is currently in nascent phase, is projected for a robust growth rate during the forecast period of 2016 to 2024.

This report on global market for mobility on demand is a study of the current situation, and based on the analysis of all the important factors that are expected to influence the growth rate in the near future, it presents estimations of the future scenario until 2024. This being a developing market, technological advancements and aggressive investments are the key features of the current companies, which has been highlighted by the report besides estimating the market shares of some of the prominent players. The aim of the report is to provide essential decision making information and data to audiences such as mobility on demand service providers, automotive OEMs, back-end service providers, and transportation network companies.

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Rapid urbanization, due to which the need for personal mobility is escalating, and falling car ownership are two of the primary factors driving the market. On the other hand, low internet penetration in several emerging economies and stringent regulatory policies for data security is expected to hinder the growth rate during the forecast period.

Among the services types, the segment of e-hailing is projected for the best growth rate as it provides first and last mile connectivity for passengers, especially in the urban areas. E-hailing considerably reduces the waiting time for taxi via precise time using GPS. Currently, station based mobility market serves the maximum demand. By vehicle type, the segment of electric vehicle is quickly gaining popularity, and are soon expected to match the demand for IC engine vehicles. Based on data services, the segment of navigation service has most significant demand.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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