Corporate employee transport services refer to those that transportation services, companies offer so that the company can transport its employees simply and safely from one location to another. Flexible schedules and better time management can be made possible when the company provides staff transportation.
Sizing and Forecast
The corporate employee transportation service market size has grown strongly in recent years. It will grow from $32.84 billion in 2023 to $35.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to rising urbanization, focus on employee wellbeing, traffic congestion and commute challenges, corporate sustainability initiatives.
The corporate employee transportation service market size is expected to see strong growth in the next few years. It will grow to $49.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to emphasis on flexible work arrangements, focus on green and sustainable transport, employee retention and attraction. Major trends in the forecast period include partnerships with ride-hailing and tech platforms, employee commute subsidies and incentive programs, focus on last-mile connectivity, integration of contactless payment systems, remote work-related transportation solutions.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/corporate-employee-transportation-service-global-market-report
Segmentation & Regional Insights
The corporate employee transportation service market covered in this report is segmented –
1) By Ownership: Company-owned Transportation Service, Outsourced Transportation Service, Rentals, Pick and Drop Transportation Service
2) By Passenger Vehicle Type: Cars, Vans, Bus
3) By Service Type: Mobility as a Service (MaaS), Software as a Service (SaaS)
Asia-Pacific was the largest region in the corporate employee transportation service market share in 2023. The regions covered in the corporate employee transportation service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7222&type=smp
Major Driver Impacting Market Growth
Growing corporate office presence in the Asia-Pacific region is expected to propel the growth of the corporate employee transportation services market going forward. A corporation’s main place of business is regarded as a corporate office. Corporate employee transportation services provide transportation services for the employees working in the corporate offices, as a result, the growing corporate office increases the demand for the corporate employee transportation services market. For instance, in 2022, according to the economic Times Indian-based newspaper, In the first quarter, the top eight cities added 11.9 million square feet (sq ft) of new office space, up 13% from the same period last year. Bengaluru recorded new completions of 2.5 million sq ft, which was the second biggest volume addition for the quarter. Pune led all markets with new supply additions of 3.6 million sq ft, an increase of 107% on the year. Therefore, increasing corporate office presence in the Asia-Pacific region is expected to boost demand for corporate transportation services during the forecast period.
Key Industry Players
Major companies operating in the corporate employee transportation service market report are Massachusetts Bay Transportation Authority, Smart24x7 Services Private Limited, Global Charter Services Ltd., Prairie Bus Line Limited, Kerala Transport Corporation, RETHMANN AG & Co. KG- Transdev, FnA Group, The Port Authority of New York and New Jersey, Mobico Group, Chicago Transit Authority, Stagecoach Group plc, San Francisco Municipal Transportation Agency, GO Riteway Transportation Group, Valley Transportation Authority, Metropolitan Transit System, Southeastern Pennsylvania Transportation Authority, Washington Metropolitan Area Transit Authority, Metropolitan Transportation Authority, King County Metro Transit, Bay Area Rapid Transit, Charlotte Area Transit System, WeDriveU Inc., Dallas Area Rapid Transit, Shuttl, Eco Rent a Car Inc., First Class Tours, GOGO Charters Inc., MoveInSync Technology Solutions Pvt. Ltd., Janani Tours and Travels Private Limited, Acciva Travels and Tours Pvt. Ltd., Sound Transit, WTI Cabs
The corporate employee transportation service market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
