The global On-Demand Transportation Market was valued at $78.14 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $298.7 Billion.
On-Demand Transportation is known as a form of public transport characterized by scheduling & flexible routing of small vehicles which are operated in ride mode between pick up & drop off according to the requirement. On-demand transportation is a flexible shared transport option to bring together people who live near one another & want to travel at the same time when local traveling communication is not available. On-demand transportation is available to the general public provided by low capacity road vehicles such as taxis, vans, small buses etc.
“Optimal Price Point (OPP) for On-Demand Transportation”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in North America On-Demand Transportation are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
On-Demand Transportation Market by “Servicing Categories”
We have segmented the On-Demand Transportation based on servicing categories as E-Hailing, Car Rental, Car Sharing.
We have observed the significant growth of on-demand transportation by e-hailing service which dominates the market. E-tailing’s can be done either by mobile app or by the call center. it also allows the user to identify the vacant vehicles near the location of the user so that the user can book the vehicle easily. Hence it is expected to raise the demand of e hailing service by on-demand transportation market during the forecast period.
On-Demand TransportationMarket by “Vehicle Type”
We have segmented the On-Demand Transportation market based on Vehicle types are Four-Wheeler, Micro Mobility.
We have observed the significant growth on-demand transportation by micro mobility vehicle which dominates the market & it is expected to growth over the forecast period
North America accounted for the maximum revenue share of over xx% in 2017 due to increased demand of On-Demand Transportation materials followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The rapid growth of industries in the field of automotive with growing penetration of smartphones & car sharing application and availability of On-Demand Transportation materials option, create an impact in developing countries for the demand of passenger & commercial vehicles
“Competitive Landscape”and“Merger & Acquisition Insights”
The key market participants include Robert Bosch GmbH, General Motor Company, Gett Inc, Ford Motor Company, Daimler Group, BMW Group, International Business Machines Corporation (IBM), are few major players in On-Demand Transportation markets. The On-Demand Transportation market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
On-Demand Transportation Market by Servicing Categories (Revenue, Million, 2014 – 2025)
- Car Rental
- Car Sharing
On-Demand Transportation Market by Vehicle Type (Revenue, Million, 2014 – 2025)
- Four -Wheeler
On-Demand Transportation Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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