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Press Release:

Global On-demand Transportation Market to Reach US$ 376.0 Billion by 2027, Propelled by Considerable Rise in Fuel Prices

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

On-demand Transportation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global on-demand transportation market reached a value of US$ 128.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 376.0 Billion by 2027, exhibiting a CAGR of 19.57% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. 

On-demand transportation enables passengers to book their journey at a convenient time. It provides the option of modifying, pre-booking or canceling reservations using a mobile-based application, which enhances the convenience of both commuters and service operators. It also assists in booking passenger and commercial vehicles, such as taxis, cars, charter buses, contracted buses, party buses and hired buses. At present, on-demand transportation is gaining immense traction around the world on account of the increasing digitalization and the growing penetration of internet-based services.

 

 
 

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The global on-demand transportation market is primarily driven by the rising sales of smartphones. Additionally, a significant increase in traffic-related problems, growing costs of fuel, reduced parking spaces and high costs of automobiles has positively influenced the demand for on-demand transportation services. They offer improved security and safety by utilizing intelligent communication systems. In line with this, numerous developments in the information and technology (IT) infrastructure, coupled with the increasing demand for cab/taxi services by individuals, are acting as another growth-inducing factor. Moreover, on-demand transportation relies on artificial intelligence (AI) to efficiently coordinate and manage transportation systems. It provides passengers with traffic-related information for improved coordination with the drivers. This, in turn, is creating a favorable outlook for the market. Other major factors anticipated to fuel the growth of the market include increasing tourism activities across the globe, increasing working-class population, rising trend of road trips and modernization in the automotive sector.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global on-demand transportation market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service type, vehicle type and application.

Breakup by Service Type:

  • E-Hailing
  • Car Sharing
  • Car Rental
  • Station-Based Mobility
     

Breakup by Vehicle Type:

  • Four-Wheeler
  • Micro Mobility
     

Breakup by Application:

 

 
 

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  • Passenger Transportation
  • Goods Transportation
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ANI Technologies Pvt. Ltd, Avis Budget Group Inc., Bayerische Motoren Werke AG, Daimler AG, Ford Motor Company, Gett Inc., Grab Holdings Inc., International Business Machine Corporation, Lyft Inc., Robert Bosch GmbH, Toyota Motor Corporation and Uber Technologies Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Service Type, Vehicle Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ANI Technologies Pvt. Ltd, Avis Budget Group Inc., Bayerische Motoren Werke AG, Daimler AG, Ford Motor Company, Gett Inc., Grab Holdings Inc., International Business Machine Corporation, Lyft Inc., Robert Bosch GmbH, Toyota Motor Corporation and Uber Technologies Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global On-demand Transportation Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Service Type
    6.1    E-Hailing
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Car Sharing
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Car Rental
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Station-based Mobility
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by Vehicle Type
    7.1    Four-Wheeler
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Micro Mobility
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Application
    8.1    Passenger Transportation
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Goods Transportation
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    ANI Technologies Pvt. Ltd
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Avis Budget Group Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Bayerische Motoren Werke AG
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Daimler AG
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Ford Motor Company
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Gett Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Grab Holdings Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    International Business Machine Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Lyft Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Robert Bosch GmbH
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 SWOT Analysis
        14.3.11    Toyota Motor Corporation
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Uber Technologies Inc.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: On-demand Transportation Market: Major Drivers and Challenges
Figure 2: Global: On-demand Transportation Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: On-demand Transportation Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: On-demand Transportation Market: Breakup by Service Type (in %), 2021
Figure 5: Global: On-demand Transportation Market: Breakup by Vehicle Type (in %), 2021
Figure 6: Global: On-demand Transportation Market: Breakup by Application (in %), 2021
Figure 7: Global: On-demand Transportation Market: Breakup by Region (in %), 2021
Figure 8: Global: On-demand Transportation (E-Hailing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: On-demand Transportation (E-Hailing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: On-demand Transportation (Car Sharing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: On-demand Transportation (Car Sharing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: On-demand Transportation (Car Rental) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: On-demand Transportation (Car Rental) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: On-demand Transportation (Station-based Mobility) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: On-demand Transportation (Station-based Mobility) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: On-demand Transportation (Four-Wheeler) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: On-demand Transportation (Four-Wheeler) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: On-demand Transportation (Micro Mobility) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: On-demand Transportation (Micro Mobility) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: On-demand Transportation (Passenger Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: On-demand Transportation (Passenger Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: On-demand Transportation (Goods Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: On-demand Transportation (Goods Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: United States: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: United States: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Canada: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Canada: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia-Pacific: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia-Pacific: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: China: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: China: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Japan: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Japan: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South Korea: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South Korea: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Australia: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Australia: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Indonesia: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Indonesia: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Others: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Others: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Europe: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Europe: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Germany: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Germany: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: France: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: France: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United Kingdom: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United Kingdom: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Italy: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Italy: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Spain: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Spain: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Russia: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Russia: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Latin America: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Latin America: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Brazil: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Brazil: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Mexico: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Mexico: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Middle East and Africa: On-demand Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Middle East and Africa: On-demand Transportation Market: Breakup by Country (in %), 2021
Figure 72: Middle East and Africa: On-demand Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Global: On-demand Transportation Industry: SWOT Analysis
Figure 74: Global: On-demand Transportation Industry: Value Chain Analysis
Figure 75: Global: On-demand Transportation Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: On-demand Transportation Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: On-demand Transportation Market Forecast: Breakup by Service Type (in Million US$), 2022-2027
Table 3: Global: On-demand Transportation Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 4: Global: On-demand Transportation Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: On-demand Transportation Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: On-demand Transportation Market: Competitive Structure
Table 7: Global: On-demand Transportation Market: Key Players


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Key Questions Answered in This Report

We expect the global on-demand transportation market to exhibit a CAGR of 19.57% during 2022-2027.
 

The growing travel and tourism sector, rising penetration of IoT-based devices, increasing traffic and parking related problems, and expanding automobile fleet, are some of the key factors driving the global on-demand transportation market. 
 

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary restrictions on interstate and intrastate transportation services, thereby limiting the adoption of on-demand transportation.
 

Based on the service type, the global on-demand transportation market can be segmented into E-hailing, car sharing, car rental, and station-based mobility. Among these, E-hailing accounts for the majority of the global market share.
 

Based on the vehicle type, the global on-demand transportation market has been divided into four-wheeler and micro mobility, where four-wheeler currently exhibits a clear dominance in the market.
 

Based on the application, the global on-demand transportation market can be categorized into passenger transportation and goods transportation. Currently, passenger transportation accounts for the largest market share.
 

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market. 

Some of the major players in the global on-demand transportation market include ANI Technologies Pvt. Ltd, Avis Budget Group Inc., Bayerische Motoren Werke AG, Daimler AG, Ford Motor Company, Gett Inc., Grab Holdings Inc., International Business Machine Corporation, Lyft Inc., Robert Bosch GmbH, Toyota Motor Corporation, and Uber Technologies Inc.
 

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