On-Demand Transportation Market 2025: Manufacturers, Price,
Competitive Situation and Trends
“On-Demand Transportation Market is expected to reach USD 290.3 billion by
2025 as the scope, product types and its applications are increasing across the
globe. Developments in IT organization and rising usage of car sharing
facilities by millennials are estimated to propel the acceptance of on-demand
transportation services.”
Global On-Demand Transportation Market is expected to reach USD 290.3 billion by 2025 as the scope, product
types and its applications are increasing across the globe. On-Demand Transportation implies user-oriented
system of public transport characterized by changeable routing and scheduling of small/medium cars working
in shared-ride method between pick-up and drop-off places according to customers’ requirements. On-Demand
Transportation market is expected to grow at a CAGR of 20.4% in the upcoming period. Saturation of
smartphones and linked vehicles is in creasingthe acceptance of on-demand transportation services such as car
sharing, e-hailing, station-based mobility and car rental. These facilities permitoperators to modify, pre-book,
or cancel their taxi/car booking reservations via mobile applications such as Gett, Ola and Uber.
Developments in IT organization and rising usage of car sharing facilities by millennials are estimated to propel
the acceptance of on-demand transportation services. However, issues related to high costs and poor
connectivity of emerging infrastructure may restrain the development of the On-Demand Transportation
industry. Consequently, car sharing facility providers are concentrating on emerging car-sharing applications,
which do not need internet connectivity for accessing them. On-Demand Transportation market may be
explored by service type, vehicle type, vehicle connectivity, and geography. On-Demand Transportation may be
explored by service type as E-Hailing, Station-Based Mobility, Car Sharing, and Car Rental. The e-hailing service
type of on-demand transportation is anticipated to be the fastest-developing sector. The increasing penetration
of car sharing, and smartphones applications are enhancing this segment.
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