****** On-Demand Transportation market size is estimated to be valued over US$ 91 billion in 2019

In the last few years, many players have emerged in the market worldwide including Uber, Lyft, Ola, etc. These players are have created new ecosystem and the system is evolving rapidly. This could be analyzed from the fact that Uber, Lyft, and Ola ridership increased exponentially since 2017. Various investors are supporting on-demand car ridership.

  • Uber is one of the leading ride sharing company. Recently, in May 2019, Uber announced to go public at US$ 45 a share. Development is expected to infuse additional funding support and enhance the business operations globally. As of May 2019, the company stands at a valuation of US$ 82 billion.
  • In March 2019, Ola secured US$ 300 million from Hyundai Motor Co. and Kia Motors Corp. The company is further looking to raise US$ 1 billion in Series J round. Earlier, in September 2018, Ola raised US$ 50 million at US$ 4.3 billion from Sailing Capital and China-Eurasian Economic Corporation Fund.
  • Another company, Lyft raised US$ 600 million in 2018, thereby making company valuation to reach US$ 15.1 billion. The company is targeting autonomous vehicle plan especially in United States and Canada.
  • In July 2018, China’s leading ride-hailing app company Didi received US$ 500 million funding from Booking.com.

Companies are expanding business presence in a bid to solidify market positioning on long term period and consolidate revenue

  • In April 2019, Didi Mobility Japan announced its plan to expand to 13 cities across Japan. Didi Chuxing also seems to be focusing on Latin America market especially Chile, Peru and Colombia.
  • In 2017, Taxify launched its service in London, UK by signing 3,000 private hire taxi driver. The company has adopted a low cost business model that helped it to register impressive growth. It charges a commission of 15% commission on rides compared to majority of them charging 20 to 25% commission.

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https://bekryl.com/industry-trends/on-demand-transportation-market-share-analysis

 

****** On-Demand Transportation Market Size and Forecast: By Service

E-Hailing app services will account for 81% of ****** revenue by 2028.

On demand transportation is primarily categorized into e-hailing app services, micro mobility service and car sharing. Carsharing stands next to e-hailing app services. Zipcar, Car2go, and DriveNow are few players engaged in carsharing services. These services offers all the benefits of car ownership without any insurance or purchase costs. The trend is gaining prominence and is  expected to register higher growth compared to e-hailing app services worldwide.

Bike commuting or micro mobility services will register fastest growth during the forecast period. Micro mobility services is highly popular in urban metropolitan cities with high population density.

****** On-Demand Transportation Market Size and Forecast: By Vehicle Type

Four wheelers accounted for 86% of on-demand transportation market share in 2018.  

Four wheeler dominates the market owing to transport convenience and comforting experience. Fully autonomous concept in four wheeler is also gaining traction, which might be visible to some extent by 2028. This will further extend the four wheeler based on-demand transportation services such as vehicle on-demand, peer-to-peer sharing, first and last mile commuting and mobility as a utility.

****** On-Demand Transportation Market Size and Forecast: Regional Analysis

Asia Pacific On-Demand Transportation market accounted for 43% of ****** sales in 2018

Sales revenue prospects in Asia Pacific is high owing to sheer size of population and increasing urban metropolitan cities. Also, rider per capita spending capacity has increased with emergence of IT commercials and manufacturing capacities. The region not only has socio-demographic factors but also technological factors. The region dominates when it comes to electric mobility. Also, the region is registering state-of-art technological advancement in automation. All these factors will continue to fuel the on-demand transportation market in Asia Pacific region.

****** On-Demand Transportation Market Size and Forecast: Competition Landscape

Some key On-Demand Transportation market players are:

  • Lyft, Inc.
  • Daimler AG
  • GrabTaxi Holdings Pte. Ltd.
  • Uber Technologies Inc.
  • Zimride
  • BlaBlaCar
  • TwoGo
  • Ola Cabs
  • Mytaxi
  • Taxify
  • The Hertz Corporation
  • Didi Chuxing
  • Careem

Industry Segmentation

By Service Type:

  • E-Hailing
  • Car Sharing
  • Micro Mobility

By Vehicle:

  • Four Wheeler
  • Three Wheeler
  • Two Wheelers

For sample, click here:

https://bekryl.com/sample/sample-request/?bekryl=on-demand-transportation-market-share-analysi

What Will You Discover in the Report?

  • An in-depth analysis of the On-Demand Transportation market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the On-Demand Transportation market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the On-Demand Transportation market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the On-Demand Transportation industry during the forecast period
  • Who are the On-Demand Transportation industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • On-Demand Transportation Industry Suppliers
  • On-Demand Transportation Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of On-Demand Transportation market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Contact

Mr. Alex Werner

U.S Office (Sales and PR)

99 Wall Street,

Suite 622, New York, U.S

Contact: +1 347 752 5777

Email: alex@bekryl.comsales@bekryl.com

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