Rising cost of fuel and an increasing traffic are expected to boost the development of the sector. In addition,
the several development programs started by numerousad ministrations are also likely to bolster On-Demand
Transportation industry development. On-Demand Transportation may be explored by vehicle type as Four-
Wheeler, and Micro Mobility. Micro Mobility sector of On-Demand Transportation vehicle type is estimated to
grow in the forthcoming period. It offers several benefits such as flexible mobility and fuel consumption.
Additionally, it permits energy efficiency and improved cost, which are driving users to choose this vehicle type.
Stringentrules regarding environment conservation across the globe, associated with sternness relating to
vehicle manufacturing are encouraging operators to accept this vehicle type.
On-Demand Transportation may be explored by vehicle connectivity as V2V, V2P, V2I, and V2N. The vehicle-to-
pedestrian (V2P) connectivity sector is anticipated to grow at a CAGR of 22.3% over the upcoming period. V2P
helps link pedestrians with vehicles via a wireless system and improves security by providing real-time traffic
flow data. Asia-Pacifichas been at the forefront with regards to On-Demand Transportation industry and will
continue to rule the roost in the years to come. Asia Pacific accounted for the major share of the On-Demand
Transportation Size Analysis in 2016. The factors that attribute to the growth of Asia Pacific’s On-Demand
Transportation market include rising population, increased traffic, increasing disposable income, vehicle costs
in the developing countries like China and Japan,etc.
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Some of the key players that fuel the growth of the On-Demand Transportation industry include BMW Group;
International Business Machines Corporation (IBM); Robert Bosch GmbH, General Motor Company; Ford Motor
Company and Gett, Inc. The key players are focusing on inorganic growth to sustain themselves amidst fierce
competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
Market Segment:
On-Demand Transportation Service Type Outlook (Revenue, USD Million, 2014 - 2025)
• E-Hailing
• Car Sharing
• Car Rental
• Station-Based Mobility
On-Demand Transportation Vehicle Type Outlook (Revenue, USD Million, 2014 - 2025)
• Four-Wheeler
• Micro Mobility