About On-Demand Ride Service
By enabling private persons to offer trips to interested clients, on-demand travel services, also known as ridesourcing or ride-hailing services like Uber, Lyft, and Sidecar are generating new business models and altering transportation markets. On-demand transportation raises a number of controversial problems that are currently the subject of heated debate, including their potential to disrupt the taxi industry and their effect on cutting down on drunk driving. Narrowly focus on traffic reduction because our main concerns here are congestion and economic benefits. The on-demand transportation industry is still developing quickly. It rarely has in-depth investigations done on it. However, they have discovered certain broad tendencies that are probably going to influence these service providers' future directions.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
In addition to the traditional industries, on-demand services will continue to disrupt many others. With the advent of advanced technology, there will be tremendous competition among businesses to offer services in the shortest amount of time while maintaining the highest level of quality. The future of the majority of traditional industries is on-demand apps. Therefore, before taking any further action, those wishing to construct an on-demand app should speak with an on-demand mobile app development business or a reputable mobile app developer and inquire about the cost of app creation. The development of an on-demand service mobile app must continue if the price is fair. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global On-Demand Ride Service 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.
Didi Chuxing (China), Uber Technologies, Inc (United States), Gett (Israel), Lyft, Inc (United States), Grab (Singapore), Taxify (Estonia), ANI Technologies Pvt. Ltd. (India), car2go (Germany), Cabify (Spain), GrabTaxi Holdings Pte. Ltd. (Singapore) and Careem (United Arab Emirates) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kabbee (United Kingdom), Hailo (United Kingdom) and Yellow Cab (United States).
Segmentation Overview
AMA Research has segmented the market of Global On-Demand Ride Service market by and Region.
On the basis of geography, the market of On-Demand Ride Service 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 Vehicle Type, the sub-segment i.e. Two Wheeler will boost the On-Demand Ride Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. E-hailing will boost the On-Demand Ride Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Commercial will boost the On-Demand Ride Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On-Demand Ride Service Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Tourism and Working-Class Population Coupled
- Saving the Environment from Air Pollution and Noise Pollution
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Influencing Trends | - Rising Trend of Mobility as a Service (MaaS)
- Growing Trend of Road Trips and Developments by Software Companies to Make the Mobile Phone-Based Applications Faster and User Friendly
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Restraints | - Government Rules and Regulations Regarding Road and Driver Safety
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Road Blocks / Challenges | - Unpleasant Incidents While On the Ride Also Sour the Feel of On-Demand Ride Service
- Larger Number of People Sharing the Same Ride and Time Constraint
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Gaps & Opportunities | - Rise In Population and Changing Preferences in Travelling
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Market Leaders and their expansionary development strategies
In 2021, The U.K.'s competition authority announced the beginning of an investigation into Uber's proposed acquisition of Autocab, a provider of SaaS for booking and dispatch software for the taxi and private-hire vehicle industry that also runs a global trip marketplace for taxis and PHVs (iGo).
In 2020, Launched by Lyft With a focus on safety, simplicity, and flexibility, the Lyft pass gave enterprises a way to pay for trips for their people, including employees and key personnel as well as clients, visitors, and patients., and In 2020, London was added to OLA's service area. Three levels of rides would be available on the Ola platform, including Comfort, Comfort XL, and Exec ride classes. Ola's London product quickly gained size thanks to the platform's over 25,000 registered drivers.
Key Target Audience
On –Demand Ride Service Providers, Government Regulations, Venture Capitalists and Others
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.