About Mobility on Demand
Mobility on Demand (MOD) is traveler-focused, putting more weight on personal choice, trip satisfaction, and the efficient delivery of services that combine traditional public transportation with private enterprise options into a single mobility service. MOD plays a vital role in transportation challenges in urban areas, transit deserts, and as a replacement for fixed-route during off-peak hours. It also helps bridge gaps in the first mile/last mile, paratransit/dial-a-ride, corporate transportation, and university shuttle services. MOD digital platforms help users plan their journey and package the various mode options, allowing them to choose whatever is most efficient for them.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.4% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Mobility on Demand market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Intel Corporation (United States), IBM (United States), Toyota Motor Corporation (Japan), BMW Group (Germany), General Motors Company (United States), Aptiv plc (Ireland), Robert Bosch GmbH (Germany), Ford Motor Company (United States), Uber Technologies, Inc. (United States), Tomtom NV (Netherlands), Accenture plc (Ireland), TomTom N.V. (Netherlands), Atos ((France) and Shotl (Spain) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Mobility on Demand market by Type (Car Rental, Car Sharing, Station-Based and E-Hailing), Application (Business and Private) and Region.
On the basis of geography, the market of Mobility on Demand has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Connectivity, the sub-segment i.e. 3G will boost the Mobility on Demand market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Type, the sub-segment i.e. Information will boost the Mobility on Demand market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Penetration of the Internet and Rise in the Demand for Car Rental Services
Market Growth Drivers:
Rise in the Urbanization Worldwide, Increased Traffic Congestion in Urban Areas and Increased Number of Smartphone Users
Challenges:
Privacy and Security Concerns
Restraints:
Reduction in Driver Margins
Opportunities:
Lack of Public Transport Infrastructure in Underdeveloped Countries and Growth in the Service Industry Worldwide
Market Leaders and their expansionary development strategies
In April 2023, The European Commission plans to regulate the needs of the economy. These regulations ensure the safety, integrity, and security of on-demand services.
In March 2023, Bird launched a new electric scooter sharing service in San Francisco. The service is a first in the city and is expected to compete with other scooter services like Lime and Spin.
Key Target Audience
Mobility on Demand Service Providers, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.