On-Demand Transportation Services Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Ride Sharing, Vehicle Rental/Leasing, Ride Sourcing), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Buses & Coaches, Micro Mobility), By Business Model (P2P, B2B, B2C), By Application (Passenger Transportation, Goods Transportation), And By Geography – Forecast From 2020 To 2025

Published:  May 2021 Report Code: KSI061612781 Pages: 103

Global On-Demand transportation Services market is projected to grow at a CAGR of 10.52% during the forecast period. On-Demand Transportation Service is a public transportation service provided by ride-hailing, leasing, rental, and ride-sourcing companies. These services can be utilized by pre-booking through the company’s apps or by an offline method like call or SMS. Demand for on-demand transportation services is also increasing due to ease in pre-booking, modifying, and canceling bookings at lower costs by using applications.

The global on-demand transportation services market is driving owing to the increasing prices of vehicles, growing fuel prices, reduced parking spaces, and expensive maintenance of the vehicle. Rising advancements in IT infrastructure along with increasing investments is boosting the market growth of on-demand transportation services. The demand for On-demand transportation services is being driven due to its ease of operation, affordability, greater convenience as compared to public transport, along with the increased penetration of smartphones and connected vehicles. The rising adoption of car-sharing services by millennials is also contributing to the growing market for on-demand transportation services. Growing air and noise pollution levels are pressurizing governments to take strict measures in order to reduce these levels. A result of growing environmental concerns supported by stringent regulatory standards implemented by international organizations is leading to the encouragement of adopting ride-sharing services, thereby positively impacting the market growth of on-demand transportation services.

However, recent cases for drivers being abusive have raised safety and security concerns among customers which are currently restraining the market growth to some extent. For example, the Chinese government put a restriction on DIDI Chuxing in September 2018 for supposed traveler murders which further increased worries among clients.

Global On-Demand Transportation Services market is segmented by type, by vehicle type, by business model, by application, and by geography. By type, the market is segmented into ride-sharing, vehicle rental/leasing, and ride-sourcing. By vehicle type, the market is segmented into passenger cars, light commercial vehicles, heavy commercial vehicles, buses & coaches, and micro-mobility. Segmentation by the business model is done as C2C, B2B, and B2C. Based on the application, the global on-demand transportation services market is segmented into passenger transportation and goods transportation.

Ride Sourcing has a significant share in the market

The growing penetration of the internet worldwide is a major driver for the on-demand transportation services market as more people are using the internet for booking cabs and/or for renting vehicles. The penetration of the internet has grown double-fold in a decade from 22.96% individuals using the internet in 2008 to 49.72% individuals using the internet in 2017.

global on-demand transportation services market

Car sourcing apps like Uber, Ola, and Gett require seamless internet connectivity as they connect the host server for reserving bookings of the user. The adoption of ride-sourcing services is increasing among people in order to avoid road congestion while saving on the cost of owning a vehicle, thus bolstering the market growth of this type of on-demand transportation service. Ridesharing is expected to grow at a decent CAGR during the forecast period owing to the rising awareness among people about climate change and being more conscious about taking necessary steps to save the environment. The adoption of ridesharing services is growing at a significant rate as it allows to reduce the cost incurred on fuel. Vehicle rental/leasing also holds a noteworthy market share over the forecast period.

Vehicle type passenger’s cars and light commercial vehicles have a significant share in the market

By vehicle type, the passenger car segment is projected to witness a significant market growth rate during the forecast period. Passenger cars are widely being used for ride-sharing and ride-sourcing purposes. The booming demand for ride-sharing and ride-sourcing services is thus, is fueling the market growth across this segment. Light commercial vehicles too will have a major share in the market due to increasing vehicle rental/leasing services for transportation of goods. The growing e-commerce industry is one of the major factors for the increasing demand for vehicle rental/leasing services, thus propelling the overall market growth. Buses and coaches are utilized when passengers are more in number and for longer distances. Whereas micro-mobility is used for shorter distances and with accommodation of a maximum of two or three passengers. Since the far incurred for micro-mobility is relatively low as compared to passenger cars, the demand for two-wheeler/three-wheeler is augmenting at a fast pace and will bolster the market growth significantly during the forecast period. 

By business model, B2C has a major segment

B2C is one of the major segments of the business model in the global on-demand transportation services market. The increasing use of ride-sourcing and ride-sharing is driving the market growth of the B2C segment by a higher margin as compared to others. B2B business model will witness a considerable CAGR during the projected period on account of growing leasing and renting of vehicles for transportation of goods by small and medium businesses.

By geography, Asia Pacific has a notable share in the market

Regionally the global on-demand transportation services market is classified into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The Asia Pacific is expected to hold a significant market share and will grow at a decent CAGR between 2019 and 2025. Increased traffic congestion and rising vehicle costs in countries such as China, Japan, and India make APAC the most promising region for on-demand transportation service providers during the forecast period. The emerging trend of micro-mobility including e-bike, two-wheelers, and e-scooter in emerging economies such as China and India is further spurring the market growth of on-demand transportation services in this region.

Market Players and Competitive Intelligence

The competitive intelligence section deals with major players in the global on-demand transportation services market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry participants profiled as part of this section are ANI Technologies Pvt. Ltd., GETT, Uber Technologies Inc., Lyft, Inc., Grab, Enterprise Holdings, Inc., and  Avis Budget Group.

On-Demand Transportation Services Market Scope:

Report Metric Details
 Growth Rate  CAGR of 10.52% during the forecast period
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Vehicle Type, Business Model, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  ANI Technologies Pvt. Ltd., Lyft, Inc., Uber Technologies Inc., Grab Holdings Inc.,   Gett, Enterprise Holdings, Inc, Avis Budget Group
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Type
    • Ride Sharing
    • Vehicle Rental/Leasing
    • Ride Sourcing
  • By  Vehicle Type
    • Passenger Cars
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
    • Buses & Coaches
    • Micro Mobility
  • By  Business Model
    • C2C
    • B2B
    • B2C
  • By  Application
    • Passenger Transportation
    • Goods Transportation
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for the on-demand transportation services market?
A1. On-Demand Transportation Services market is projected to grow at a CAGR of 10.52% during the forecast period.


Q2. Who are the major players in the on-demand transportation services market?
A2. Key industry participants profiled as part of the on-demand transportation services market report are ANI Technologies Pvt. Ltd., GETT, Uber Technologies Inc., Lyft, Inc., Grab, Enterprise Holdings, Inc., and  Avis Budget Group.


Q3. How is the global on-demand transportation services market segmented?
A3. The global on-demand transportation services market is segmented by type, vehicle type, business model, application, and geography.


Q4. What factors are anticipated to drive the on-demand transportation services market growth?
A4. Rising advancements in IT infrastructure along with increasing investments is boosting the market growth of on-demand transportation services.


Q5. Which region holds the largest market share in the on-demand transportation services market?
A5. The Asia Pacific is expected to hold a significant share in the on-demand transportation services market and will grow at a decent CAGR between 2019 and 2025.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
 
2. Research Methodology
2.1. Research Data
2.2. Assumptions
 
3. Executive Summary
3.1. Research Highlights
 
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
 
5. Global On-Demand Transportation Services Market Analysis, By Type
5.1. Introduction
5.2. Ride Sharing
5.3. Vehicle Rental/Leasing
5.4. Ride Sourcing
 
6. Global On-Demand Transportation Services Market Analysis, By Vehicle Type
6.1. Introduction
6.2. Passenger Cars
6.3. Light Commercial Vehicles
6.4. Heavy Commercial Vehicles
6.5. Buses & Coaches
6.6. Micro Mobility
 
7. Global On-Demand Transportation Services Market Analysis, By Business Model
7.1. Introduction
7.2. C2C
7.3. B2B
7.4. B2C
 
8. Global On-Demand Transportation Services Market Analysis, By Application
8.1. Introduction
8.2. Passenger Transportation
8.3. Goods Transportation
 
9. Global On-Demand Transportation Services Market Analysis, By Geography
9.1. Introduction
9.2. North America
9.2.1. North America On-Demand Transportation Services Market, By Type, 2020 to 2025
9.2.2. North America On-Demand Transportation Services Market, By Vehicle Type, 2020 to 2025
9.2.3. North America On-Demand Transportation Services Market, By Business Model, 2020 to 2025
9.2.4. North America On-Demand Transportation Services Market, By Application, 2020 to 2025
9.2.5. By Country
9.2.5.1. USA
9.2.5.2. Canada
9.2.5.3. Mexico
9.3. South America
9.3.1. South America On-Demand Transportation Services Market, By Type, 2020 to 2025
9.3.2. South America On-Demand Transportation Services Market, By Vehicle Type, 2020 to 2025
9.3.3. South America On-Demand Transportation Services Market, By Business Model, 2020 to 2025
9.3.4. South America On-Demand Transportation Services Market, By Application, 2020 to 2025
9.3.5. By Country
9.3.5.1. Brazil
9.3.5.2. Argentina
9.3.5.3. Others
9.4. Europe
9.4.1. Europe On-Demand Transportation Services Market, By Type, 2020 to 2025
9.4.2. Europe On-Demand Transportation Services Market, By Vehicle Type, 2020 to 2025
9.4.3. Europe On-Demand Transportation Services Market, By Business Model, 2020 to 2025
9.4.4. Europe On-Demand Transportation Services Market, By Application, 2020 to 2025
9.4.5. By Country
9.4.5.1. Germany
9.4.5.2. France
9.4.5.3. United Kingdom
9.4.5.4. Spain
9.4.5.5. Others
9.5. Middle East and Africa
9.5.1. Middle East and Africa On-Demand Transportation Services Market, By Type, 2020 to 2025
9.5.2. Middle East and Africa On-Demand Transportation Services Market, By Vehicle Type, 2020 to 2025
9.5.3. Middle East and Africa On-Demand Transportation Services Market, By Business Model, 2020 to 2025
9.5.4. Middle East and Africa On-Demand Transportation Services Market, By Application, 2020 to 2025
9.5.5. By Country
9.5.5.1. Saudi Arabia
9.5.5.2. Israel
9.5.5.3. UAE
9.5.5.4. Others
9.6. Asia Pacific
9.6.1. Asia Pacific On-Demand Transportation Services Market, By Type, 2020 to 2025
9.6.2. Asia Pacific On-Demand Transportation Services Market, By Vehicle Type, 2020 to 2025
9.6.3. Asia Pacific On-Demand Transportation Services Market, By Business Model, 2020 to 2025
9.6.4. Asia Pacific On-Demand Transportation Services Market, By Application, 2020 to 2025
9.6.5. By Country
9.6.5.1. China
9.6.5.2. Japan
9.6.5.3. South Korea
9.6.5.4. India
9.6.5.5. Others
 
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
 
11. Company Profiles
11.1. ANI Technologies Pvt. Ltd.
11.2. Lyft, Inc.
11.3. Uber Technologies Inc.
11.4. Grab Holdings Inc.
11.5. Gett
11.6. Enterprise Holdings, Inc
11.7. Avis Budget Group

ANI Technologies Pvt. Ltd.

Lyft, Inc.

Uber Technologies Inc.

Grab Holdings Inc.

Gett

Enterprise Holdings, Inc

Avis Budget Group

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