The future of the global mobility on demand market looks promising with opportunities in the business and private markets. The global mobility on demand market is expected to reach an estimated $411 billion by 2028 with a CAGR of 11.9% from 2023 to 2028. The major drivers for this market are the rapid trend of urban mobility due to increasing traffic congestion and growing need for a solution that can tackle issues with transportation, such as address related issues in urban areas.
Private is expected to witness highest growth over the forecast period due to the increasing number of customers choose renting private cars.
North America will remain the largest region due to the presence of huge customer base, increasing consumer adoption of these on-demand mobility services rQuiring no additionally financial investment, and significant utilization rate of these services by millennial generation in the region.
Answer: The global mobility on demand market is expected to reach an estimated $411 billion by 2028.
Q2. What is the growth forecast for mobility on demand market?
Answer: The global mobility on demand market is expected to grow with a CAGR of 11.9% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the mobility on demand market?
Answer: The major drivers for this market are rapid trend of urban mobility due to increasing traffic congestion and growing need for a solution that can tackle issues with transportation, such as address related issues in urban areas.
Q4. What are the major segments for mobility on demand market?
Answer: The future of the mobility on demand market looks promising with opportunities in the business and private markets.
Q5. Who are the key mobility on demand companies?
Answer: Some of the key mobility on demand companies are as follows:
Answer: The analyst forecasts that e-hailing is expected to witness highest growth over the forecast period due to the increasing demand for a convenient seamless platform for booking various modes of transportation such as car, taxi, and limousine.
Q7. In mobility on demand market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the presence of huge customer base, increasing consumer adoption of these on-demand mobility services rQuiring no additionally financial investment, and significant utilization rate of these services by millennial generation in the region.
Q8. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?
Mobility on Demand Market
A more than 150-page report is developed to help in your business decisions.Mobility on Demand Market by Segment
The study includes trends and forecast for the global mobility on demand market by service, connectivity, application, and region, as follows:Mobility on Demand Market by Service [Value ($B) Shipment Analysis from 2017 to 2028]:
- E-Hailing
- Car Sharing
- Model
- Business Model
- Round Trip
- One Way
- Car Rental
Mobility on Demand Market by Connectivity [Value ($B) Shipment Analysis from 2017 to 2028]:
- 3G
- 4G
- 5G
- WiFi
- V2V
- V2I
- V2P
- V2N
Mobility on Demand Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
- Business
- Private
Mobility on Demand Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Mobility on Demand Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mobility on demand companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mobility on demand companies profiled in this report include.- Al Futtaim Vehicle Rentals
- Cityhop
- Avis Budget Group
- Cabify
- cambio CarSharing
Mobility on Demand Market Insights
The analyst forecasts that e-hailing is expected to witness highest growth over the forecast period due to the increasing demand for a convenient seamless platform for booking various modes of transportation such as car, taxi, and limousine.Private is expected to witness highest growth over the forecast period due to the increasing number of customers choose renting private cars.
North America will remain the largest region due to the presence of huge customer base, increasing consumer adoption of these on-demand mobility services rQuiring no additionally financial investment, and significant utilization rate of these services by millennial generation in the region.
Features of the Mobility on Demand Market
- Market Size Estimates: Mobility on demand market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Mobility on demand market size by various segments, such as by service, connectivity, application, and region
- Regional Analysis: Mobility on demand market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different services, connectivity, applications, and regions for the mobility on demand market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the mobility on demand market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the mobility on demand market size?Answer: The global mobility on demand market is expected to reach an estimated $411 billion by 2028.
Q2. What is the growth forecast for mobility on demand market?
Answer: The global mobility on demand market is expected to grow with a CAGR of 11.9% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the mobility on demand market?
Answer: The major drivers for this market are rapid trend of urban mobility due to increasing traffic congestion and growing need for a solution that can tackle issues with transportation, such as address related issues in urban areas.
Q4. What are the major segments for mobility on demand market?
Answer: The future of the mobility on demand market looks promising with opportunities in the business and private markets.
Q5. Who are the key mobility on demand companies?
Answer: Some of the key mobility on demand companies are as follows:
- Al Futtaim Vehicle Rentals
- Cityhop
- Avis Budget Group
- Cabify
- cambio CarSharing
Answer: The analyst forecasts that e-hailing is expected to witness highest growth over the forecast period due to the increasing demand for a convenient seamless platform for booking various modes of transportation such as car, taxi, and limousine.
Q7. In mobility on demand market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the presence of huge customer base, increasing consumer adoption of these on-demand mobility services rQuiring no additionally financial investment, and significant utilization rate of these services by millennial generation in the region.
Q8. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
This report answers the following 11 key Questions
Q.1. What are some of the most promising, high-growth opportunities for the mobility on demand market by service (e-hailing, car sharing, business model, and car rental), connectivity (3G, 4G, 5G, WiFi, V2V, V2I, V2P, and V2N), application (business and private), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?
Table of Contents
1. Executive Summary
2. Global Mobility on Demand Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2017 to 2028
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Al Futtaim Vehicle Rentals
- Cityhop
- Avis Budget Group
- Cabify
- cambio CarSharing
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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