According to the latest IMARC group report, entitled “On-demand transport market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026 â³, The global on-demand transport market has shown strong growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 17% during 2021-2026. On-demand transport allows passengers to book their trip at a time that is convenient for them. It allows to modify, pre-book or cancel reservations through mobile applications, improving convenience for commuters and service operators. It also helps in booking tourist and commercial vehicles, such as taxis, charter buses, cars, contract buses, party buses, rented buses, etc.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
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On-demand transport market Tendencies:
Increasing sales of smartphones across the world, along with increasing levels of digitization and penetration of internet services, are primarily driving the on-demand transport market. In addition, the increasing levels of traffic problems, fuel prices and the cost of automobiles, coupled with dwindling parking spaces, are also acting as major growth factors. In addition, on-demand transport improves safety and security by using intelligent communication systems. In the same vein, several innovations in information and technology (IT) infrastructure, in confluence with the growing demand for taxi / taxi services, further increase the global market. Moreover, the increasing integration of artificial intelligence (AI) with these services to coordinate and manage transportation systems efficiently is also propelling the market growth. Apart from this, increasing working class population and increasing levels of tourism activities in countries are expected to catalyze the on-demand transport market during the forecast period.
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Key market segmentation:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
Some of these key players include:
- ANI Technologies Pvt. Ltd.
- Avis Budget Group Inc.
- Bayerische Motoren Werke AG
- Daimler AG
- Ford Motor Company
- Gett Inc.
- Grab Holdings Inc.
- International Business Machine Corporation
- Lyft Inc.
- Robert Bosch GmbH
- Toyota Motor Corporation
- Uber Technologies Inc.
Breakdown by type of service:
- Car sharing
- Car rental
- Mobility in station
Breakdown by vehicle type:
- Four wheels
- Micro Mobility
Breakdown by application:
- Passenger transport
Breakdown by region:
- Middle East and Africa
- North America
- Asia Pacific
- Latin America
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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