About Transportation as a service (TaaS)
Transportation as a Service refers to the buying of miles, trips, and/or experiences and none of the hassle of ownership: The buying and financing of vehicles, maintenance, gas, insurance, traffic, actual driving, and sometimes even finding and paying for storage. Using TaaS means not having to put up with any of the headaches of current vehicle ownership, while still having access to the necessary transportation.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Transportation as a service (TaaS) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Uber (United States), Didi (China), Lyft (United States), GETT (Israel), Hailo (United States), Addison Lee (United Kingdom), Ola Cabs (India), Meru (India), BlaBla Car (France), FREE NOW (Germany), Grab Taxi (Singapore) and Kakao T (South Korea) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Hailo (United States) and Sidecar (United States).
Segmentation Overview
AMA Research has segmented the market of Global Transportation as a service (TaaS) market by Type (Delivery Services, Rideshare Services, Rental Transportation, Car Subscription Services and Car Rental Services) and Region.
On the basis of geography, the market of Transportation as a service (TaaS) 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 , the sub-segment i.e. will boost the Transportation as a service (TaaS) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Strong Demand for Smart and Sustainable Transportation
Market Growth Drivers:
Increasing Urbanization and Smart City Initiatives and Rising Demand Of On the Go Services Owing To Changing Lifestyle
Challenges:
Concerns Regarding Passenger Safety and Security
Restraints:
Extensive Use of Public Transport in Emerging Countries
Opportunities:
Growing Need to Reduce CO2 Emissions and Increasing Demand for Sharing Transportation Services Especially Among Corporate Commuters
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Transportation as a service (TaaS) Provider, Government Regulatory and Research Organizations and End-Use Industry
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.