Global Mobility on Demand Market Size study & Forecast, by Type (Sharing, Renting), by Vehicle Type (Two-wheelers, Passenger Cars, Buses and Rails, Others), by Propulsion Type (ICE, Electric and Others), by Booking Type (Online, Offline), by Commute Type

Global Mobility on Demand Market Size study & Forecast, by Type (Sharing, Renting), by Vehicle Type (Two-wheelers, Passenger Cars, Buses and Rails, Others), by Propulsion Type (ICE, Electric and Others), by Booking Type (Online, Offline), by Commute Type (Intracity, Intercity) and Regional Analysis, 2022-2029

Global Mobility on Demand Market is valued at approximately USD 552.9 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.8% over the forecast period 2022-2029. Traditional public transportation and commercial business solutions are combined into one mobility service called Mobility on Demand. The MOD is traveler-focused, emphasising individual preference, positive travel experiences, and effective service delivery. By combining all of these mobility services, it is possible for everyone to take real, comprehensive point-to-point excursions by filling in the gaps in the present transportation options. Moreover, in order to alleviate transportation issues in urban areas, the increasing adoption of e-bikes in sharing fleets and growing penetration of high-speed internet services are key factors driving the market growth.

The increasing penetration of high-speed internet services is contributing towards the expansion of Global Mobility on Demand Market. For instance, according to Statista – in 2020, India had around 749 million internet users, and this number is projected to grow to 1134.04 million, and a further 1342.54 billion in 2030. Moreover, as per Statista – in 2020, the global 5G technology market was estimated at USD 5.53 billion and by 2030, the market is forecast to reach a value of USD 667.79 billion. Also, rising emergence of sustainable cab services and stringent government regulations on carbon-di-oxide (CO2) emission would create a lucrative growth prospectus for the market over the forecast period. However, lack of penetration in developing regions stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Mobility on Demand Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the availability of leading market players and required infrastructure in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising expansion of rental transportation services and increasing penetration of smartphones coupled with rising deployment of 5G technologies in the region.

Major market players included in this report are:
BMW AG
Cabify
Car2Go
Delphi Automotive PLC
Europcar Mobility Group
Ford Motor Company
General Motors Company
Gett
Hertz Corporation
Intel Corporation

Recent Developments in the Market:
 In April 2020, During the COVID-19 pandemic, Moovit introduced an Emergency Mobilization On-Demand solution to assist crucial workers. Moovit's technology, developed for transit agencies and businesses, turned vehicle fleets into an on-demand service to transport essential employees to their destinations without risking their health. The new approach has already been put into practice in several locations to assist workers in making a safe trip to work.

 In October 2022, Via announced the launch of on-demand public transport offering BVG Muva in Berlin.

Global Mobility on Demand Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Vehicle Type, Propulsion Type, Booking Type, Commute Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Sharing
Renting

By Vehicle Type
Two-wheelers
Passenger Cars,
Buses and Rails
Others

By Propulsion Type
ICE
Electric and Others

By Booking Type
Online
Offline

By Commute Type
Intracity
Intercity

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

BMW AG
Cabify
Car2Go
Delphi Automotive PLC
Europcar Mobility Group
Ford Motor Company
General Motors Company
Gett
Hertz Corporation
Intel Corporation


Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions