PUBLISHER: The Business Research Company | PRODUCT CODE: 1392808
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392808
On-demand transportation Global Market Report 2024
“On-demand transportation Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on on-demand transportation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for on-demand transportation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The on-demand transportation market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Type: Ride-Sharing; Vehicle Rental/Leasing; Ride Sourcing
- 2) By Vehicle: Four-Wheeler; Micro Mobility
- 3) By Application: Passenger Transportation; Goods Transportation
- Companies Mentioned: Avis Budget Group Inc.; BlaBlaCar SA; Bayerische Motoren Werke Group AG; Bolt Financial Inc.; Cabify SA
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
On-demand transportation refers to a service utilized by passengers to book their journeys at a convenient time within the service operating hours, arranging pick-ups from agreed-upon locations. This mobility service is designed for areas with low demand for shared transportation, offering tailored convenience to commuters. From traditional dial-a-ride shuttle services and taxis to contemporary app-based pick-up and drop-off options, on-demand transport services aim to enhance ease and convenience in commuting.
The primary types of on-demand transportation include ride-sharing, vehicle rental or leasing, and ride-sourcing. Ride-sharing involves the sharing of automobile trips to reduce traffic congestion, alleviate parking demands, mitigate vehicle emissions, and create less stressful commutes. Vehicles encompass both four-wheelers and micro-mobility options. Applications span passenger transportation and goods transportation.
The on-demand transportation market research report is one of a series of new reports from The Business Research Company that provides on-demand transportation market statistics, including on-demand transportation industry global market size, regional shares, competitors with an on-demand transportation market share, detailed on-demand transportation market segments, market trends and opportunities, and any further data you may need to thrive in the on-demand transportation industry. This on-demand transportation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The on-demand transportation market size has grown exponentially in recent years. It will grow from $162. 57 billion in 2023 to $198. 16 billion in 2024 at a compound annual growth rate (CAGR) of 21. 9%. The growth observed in the historic period can be attributed to the proliferation of smartphones and mobile applications, the rise in urbanization and congestion in cities, changing consumer preferences towards convenience and flexibility, the expansion of the gig economy and freelance work, and advancements in GPS and navigation technologies.
The on-demand transportation market size is expected to see exponential growth in the next few years. It will grow to $422. 2 billion in 2028 at a compound annual growth rate (CAGR) of 20. 8%. The anticipated growth in the forecast period can be attributed to the surge in the adoption of electric and autonomous vehicles, the integration of multimodal transportation options, an increased demand for eco-friendly and sustainable transportation solutions, the rise of ride-hailing services, and the escalation in fuel prices. Key trends expected in the forecast period involve the utilization of artificial intelligence for predictive demand analysis and route optimization, the development of on-demand transportation services catering to specific demographics, a focus on contactless and cashless payment options in on-demand platforms, the customization of on-demand services for niche markets and specialized needs, and the integration of real-time communication and feedback features.
The anticipated growth of the on-demand transportation market is expected to be propelled by the increasing tourism and working-class population. Tourism involves the movement of individuals to different countries or locations for personal, business, or professional purposes, and on-demand transportation services play a crucial role in facilitating convenient and efficient journeys for both tourists and the working-class. This includes the ability to book rides at convenient times and be picked up from agreed-upon locations, enhancing the overall ease of transportation. According to a report from the World Tourism Organization (UNWTO) in January 2022, global tourism experienced a 4% increase in 2021 compared to 2020, reaching 415 million from 400 million. Thus, the growth of tourism and the working-class population is a key driver for the on-demand transportation market.
The expansion of the on-demand transportation market is also expected to be driven by the widespread use of smartphones. Smartphones, which integrate cellular and mobile computing functions, have become ubiquitous and offer advanced features. On-demand transportation services leverage smartphones, providing users with convenient and flexible options to book rides, connect with drivers, and access transportation services when needed. Demand Sage reported in July 2023 that the global count of smartphone users reached 6. 8 billion, an increase from around 6. 6 billion users in 2022. Therefore, the proliferation of smartphones is a significant factor contributing to the growth of the on-demand transportation market.
Advancements in automotive transportation represent a notable trend gaining popularity in the on-demand transportation market. Major companies in the on-road transportation sector are actively seeking innovations to enhance the efficiency of existing transportation methods, and emerging technologies are poised to reshape the entire landscape of transportation. The development of self-driving cars, exemplified by initiatives like the Google Car and Tesla, is turning the concept of autonomous vehicles into a reality. Uber Technologies Inc., a US-based transportation company, introduced a new service in December 2021, allowing users to book an Uber ride through an official Uber Whatsapp chatbot, eliminating the need for a separate app. The Whatsapp chat interface manages user registration, ride booking, and trip receipts.
Major players in the on-demand transportation market are launching autonomous vehicle (AV) transit services, such as Valley wAVe, to cater to the needs of the aging population. Valley wAVe is an on-demand autonomous public transit service utilizing AVs to provide flexible and efficient transportation. In April 2023, May Mobility, a US-based company specializing in autonomous vehicle technology, launched Arizona's first on-demand autonomous public transit service, Valley wAVe, serving the retirement community of Sun City. Powered by Via, a global leader in TransitTech, the service aims to provide safe, reliable, and equitable on-demand transportation for the aging community while studying how AV technology can address mobility challenges faced by older adults.
In November 2021, Uber Freight, a US-based transportation and logistics platform, acquired Transplace from TPG Capital for $2. 25 billion. This acquisition brings together Uber Freight's digitally-enabled carrier network with Transplace's shipper technology and operational solutions, creating a leading logistics technology platform to meet the evolving needs of shippers and carriers globally. Transplace is a US-based transportation and logistics service provider operating in the on-road transportation market.
Major companies operating in the in the on-demand transportation market report are Avis Budget Group Inc., BlaBlaCar SA, Bayerische Motoren Werke Group AG, Bolt Financial Inc., Cabify SA, Careem Inc., Curb Mobility Private Ltd., Daimler AG, Europcar Mobility Group SA, Ford Motor Company, General Motor Company, Gett Inc., Grab Holdings Inc., Hyundai Motor Company, International Business Machines Corp, Lyft Inc., Didi Chuxing Technology Co, Enterprise Holdings Inc., Jugnoo, Uber Technologies Inc, Bird Global Inc., MOIA GmbH, Via com, City Mapper Ltd., Taxify BV, ANI Technologies Pvt Ltd., PT Gojek, Wingz Inc., Hailo Technologies Ltd., Bolt Mobility
Asia-Pacific was the largest region in the on-demand transportation market in 2023. North America is expected to be the fastest growing region in the forecast period. The regions covered in the on-demand transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the on-demand transportation market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The on-demand transportation market includes revenues earned by entities by establishing connections between remote places and providing customers complete mobility through digital apps. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary
2. On-demand transportation Market Characteristics
3. On-demand transportation Market Trends And Strategies
4. On-demand transportation Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On The Market
- 4.2. Ukraine-Russia War Impact On The Market
- 4.3. COVID-19 Impact On The Market
5. Global On-demand transportation Market Size and Growth
- 5.1. Global On-demand transportation Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global On-demand transportation Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global On-demand transportation Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. On-demand transportation Market Segmentation
- 6.1. Global On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Ride-Sharing
- Vehicle Rental/Leasing
- Ride Sourcing
- 6.2. Global On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Four-Wheeler
- Micro Mobility
- 6.3. Global On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Passenger Transportation
- Goods Transportation
7. On-demand transportation Market Regional And Country Analysis
- 7.1. Global On-demand transportation Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global On-demand transportation Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific On-demand transportation Market
- 8.1. Asia-Pacific On-demand transportation Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8. 4. Asia-Pacific On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China On-demand transportation Market
- 9.1. China On-demand transportation Market Overview
- 9.2. China On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9. 4. China On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India On-demand transportation Market
- 10.1. India On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan On-demand transportation Market
- 11.1. Japan On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.2. Japan On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia On-demand transportation Market
- 12.1. Australia On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia On-demand transportation Market
- 13.1. Indonesia On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea On-demand transportation Market
- 14.1. South Korea On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.2. South Korea On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe On-demand transportation Market
- 15.1. Western Europe On-demand transportation Market Overview
- 15.2. Western Europe On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15. 4. Western Europe On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK On-demand transportation Market
- 16.1. UK On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany On-demand transportation Market
- 17.1. Germany On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France On-demand transportation Market
- 18. 5. France On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18. 6. France On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18. 7. France On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy On-demand transportation Market
- 19. 9. Italy On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.10. Italy On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.11. Italy On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain On-demand transportation Market
- 20.13. Spain On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.14. Spain On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.15. Spain On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe On-demand transportation Market
- 21.1. Eastern Europe On-demand transportation Market Overview
- 21.2. Eastern Europe On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21. 4. Eastern Europe On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia On-demand transportation Market
- 22.1. Russia On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America On-demand transportation Market
- 23.1. North America On-demand transportation Market Overview
- 23.2. North America On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23. 4. North America On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA On-demand transportation Market
- 24.1. USA On-demand transportation Market Overview
- 24.2. USA On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24. 4. USA On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada On-demand transportation Market
- 25.1. Canada On-demand transportation Market Overview
- 25.2. Canada On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25. 4. Canada On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America On-demand transportation Market
- 26.1. South America On-demand transportation Market Overview
- 26.2. South America On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26. 4. South America On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil On-demand transportation Market
- 27.1. Brazil On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East On-demand transportation Market
- 28.1. Middle East On-demand transportation Market Overview
- 28.2. Middle East On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28. 4. Middle East On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa On-demand transportation Market
- 29.1. Africa On-demand transportation Market Overview
- 29.2. Africa On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29. 4. Africa On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. On-demand transportation Market Competitive Landscape And Company Profiles
- 30.1. On-demand transportation Market Competitive Landscape
- 30.2. On-demand transportation Market Company Profiles
- 30.2.1. Avis Budget Group Inc.
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1. 4. Financial Performance
- 30.2.2. BlaBlaCar SA
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2. 4. Financial Performance
- 30.2.3. Bayerische Motoren Werke Group AG
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3. 4. Financial Performance
- 30.2. 4. Bolt Financial Inc.
- 30.2. 4.1. Overview
- 30.2. 4.2. Products and Services
- 30.2. 4.3. Strategy
- 30.2. 4. 4. Financial Performance
- 30.2. 5. Cabify SA
- 30.2. 5.1. Overview
- 30.2. 5.2. Products and Services
- 30.2. 5.3. Strategy
- 30.2. 5. 4. Financial Performance
- 30.2.1. Avis Budget Group Inc.
31. Global On-demand transportation Market Competitive Benchmarking
32. Global On-demand transportation Market Competitive Dashboard
33. Key Mergers And Acquisitions In The On-demand transportation Market
34. On-demand transportation Market Future Outlook and Potential Analysis
- 34.1 On-demand transportation Market In 2028 - Countries Offering Most New Opportunities
- 34.2 On-demand transportation Market In 2028 - Segments Offering Most New Opportunities
- 34. 3 On-demand transportation Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies
35. Appendix
- 35.1. Abbreviations
- 35.2. Currencies
- 35.3. Historic And Forecast Inflation Rates
- 35. 4. Research Inquiries
- 35. 5. The Business Research Company
- 35. 6. Copyright And Disclaimer
