The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The On-demand transportation by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s On-demand transportation, 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 in the historic period can be attributed to proliferation of smartphones and mobile applications, increase in urbanization and congestion in cities, changing consumer preferences towards convenience and flexibility, growth in the gig economy and freelance work, advances in gps and navigation.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 tourism and the working-class population is expected to drive the expansion of the on-demand transportation market. Tourism, involving the movement of individuals for personal, business, or professional reasons outside their habitual environment, is a social and economic phenomenon. On-demand transportation services play a crucial role in catering to the needs of both tourists and the working-class population, offering the convenience of booking journeys at preferred times and being picked up from agreed-upon locations, thereby providing a quicker and more accessible transportation option. For example, a report from the World Tourism Organization (UNWTO), a Spain-based specialized agency of the United Nations, revealed a 4% increase in global tourism in 2021 compared to 2020 (415 million versus 400 million). Consequently, the simultaneous growth in tourism and the working-class population is a significant driver for the expansion of the on-demand transportation market.
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The on-demand transportation market covered in this report is segmented –
1) By Type: Ride-Sharing, Vehicle Rental/Leasing, Ride Sourcing
2) By Vehicle: Four-Wheeler, Micro Mobility
3) By Application: Passenger Transportation, Goods Transportation
Top Major Players
Avis Budget Group Inc.,
BlaBlaCar SA,
Bayerische Motoren Werke Group AG,
Bolt Financial Inc.,
Cabify SA
The on-demand transportation market report table of contents includes:
1. Executive Summary
- On-demand transportation Market Characteristics
- On-demand transportation Market Trends And Strategies
- On-demand transportation Market – Macro Economic Scenario
- Global On-demand transportation Market Size and Growth
- On-demand transportation Market Segmentation
- On-demand transportation Market Regional And Country Analysis
……….
- Key Mergers And Acquisitions In The On-demand transportation Market
- On-demand transportation Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global On-demand transportation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global On-demand transportation Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global On-demand transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…………..
Table 74: Avis Budget Group Inc. Financial Performance
Table 75: BlaBlaCar SA Financial Performance
Table 76: Bayerische Motoren Werke Group AG Financial Performance
Table 77: Bolt Financial Inc. Financial Performance
Table 78: Cabify SA Financial Performance
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