Transportation

According to a market report by Lucintel, the future of the mobility on demand market looks promising with opportunities in the business and private markets. The global mobility on demand market is expected to reach an estimated $411 billion by 2028 with a CAGR of 11.9% from 2023 to 2028. The major drivers for this market are rapid trend of urban mobility due to increasing traffic congestion and growing need for a solution that can tackle issues with transportation, such as address related issues in urban areas.



In this market, e-hailing, car sharing, business model, and car rental are the major segments of mobility on demand market by service. Lucintel forecasts that e-hailing is expected to witness highest growth over the forecast period due to the increasing demand for a convenient seamless platform for booking various modes of transportation such as car, taxi, and limousine.



Within this market, private is expected to witness highest growth over the forecast period due to the increasing number of customers choose renting private cars.



North America will remain the largest region due to the presence of huge customer base, increasing consumer adoption of these on-demand mobility services requiring no additionally financial investment, and significant utilization rate of these services by millennial generation in the region.

Al Futtaim Vehicle Rentals, Cityhop, Avis Budget Group, Cabify, and cambio CarSharing are the major suppliers in the global mobility on demand market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global mobility on demand market by service, connectivity, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Mobility on Demand Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global mobility on demand market by service, connectivity, application, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the mobility on demand market by service (e-hailing, car sharing, business model, and car rental), connectivity (3G, 4G, 5G, WiFi, V2V, V2I, V2P, and V2N), application (business and private), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?