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Mobility on Demand Market 2026: Growth Analysis by Manufacturers, Regions, Types and Applications

Author : Ronak Bora | Published Date : 2020-09-04 

Mobility on demand market size has been projected to witness remarkable growth prospects due to the growing demand for alternative transportation modes. There is an increasing popularity of conveyance services such as car sharing, ride hailing, among others. Many service providers are directing their efforts toward regional expansion and gaining massive investments from investors, government, and automakers to create a strong service portfolio.

Reports predict that global mobility on demand market size is slated to surpass USD 250 billion by 2026. Described below are some key factors outlining the forecast for mobility on demand businesses over the coming years:

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Several automakers are uniting with other industrial units to unveil ride sharing, ride hailing platforms to cater to the burgeoning customer needs for mobility solutions. As a matter of fact, Enterprise Holdings in early 2019 announced its plans of launching its all new car subscription service which would allow the riders to pay a monthly subscription for its six vehicle options.

Some major findings in the mobility on demand market report include:

  • Stringent regulations pertaining to hazardous gas emissions are encouraging several companies to invest in industry developments
  • The rising working population has created the requirements for time-reliable and flexible mobility solutions across the globe
  • Increased consumer security and flexibility offered by newly developed mobility service providers is adding up to the demand globally
  • Rising automobile prices and cost of ownerships of technically advanced vehicles limit consumers to purchase new vehicles. However, these factors of the automotive industry are compelling consumers to opt on-demand mobility options supporting the mobility on demand market development.
  • Prominent players operating in the industry include Drivy, Grab, Didi Chuxing, Daimler AG, Avis, Enterprise Holdings, Lyft, Uber Technologies, General Motors, Zipcar, Delphi Automotive, etc.

Considering the regional landscape, North America stands tall in the overall mobility on demand market whilst amassing phenomenal proceeds by the end of 2026. The growth can be aptly credited to the huge consumer base including majority of the millennial generation.

The large scale deployment of mobility on demand supports the consumers with the benefits of using an automobile without extra financial like the vehicle lease, maintenance, insurance needs, and repair.

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The robust presence of prominent players across the region is also an added advantage for the surging growth of the market. These companies are implementing corporate mobility on the grounds of attracting employees without incurring high financial expenses. 

Table of Contents (ToC) of the report:

Chapter 1    Methodology & Scope

1.1    Methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry insights and validation

1.1.4    Definition and forecast parameters

1.1.4.1    Definitions

1.1.4.2    Methodology and forecast parameters

1.2    Data Sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2    Executive Summary

2.1    Mobility on demand market 3600 synopsis, 2015 – 2026

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Service trends

2.1.4    Application trends

2.1.5    Car sharing business model trends

2.1.6    Car rental vehicle type trends

Chapter 3    Mobility on Demand Market Insights

3.1    Industry segmentation

3.2    Industry landscape

3.2.1    Evolution of car sharing business model

3.2.2    Ride hailing industry landscape

3.2.2.1    Evolution of taxi industry

3.2.3    Demographic analysis

3.2.3.1    North America

3.2.3.2    Europe

3.2.3.3    Asia Pacific

3.2.3.4    Latin America

3.2.3.5    MEA

3.2.4    Automotive industry landscape, 2015 – 2026

3.2.4.1    North America

3.2.4.2    Europe

3.2.4.3    Asia Pacific

3.2.4.4    Latin America

3.2.4.5    MEA

3.3    Mobility on demand service availing frequency, per day, per month, per year

3.4    Industry ecosystem analysis

3.4.1    Aggregators

3.4.2    Optimizer

3.4.3    Fleet management service providers

3.4.4    Fleet financing

3.4.5    Fleet manufacturers

3.4.6    Intermediary bodies that act as intermediary between mobility services and public transport

3.4.7    Vendor matrix

3.5    Technology & innovation landscape

3.5.1    Ride hailing apps

3.5.2    5G infrastructure

3.5.3    Radio Frequency (RF)

3.5.4    GPS based navigation

3.5.5    Autonomous vehicles

3.5.6    Electric vehicles

3.5.6.1    Battery electric car, stock by country, 2015-2018

3.5.6.2    Plug-in hybrid electric cars, stock by country, 2015-2018

3.6    Regulatory landscape

3.6.1    Vehicle Excise and Registration Act 1994 (Section 29)

3.6.2    Environmental Protection Agency

3.6.3    Regulation for Greenhouse Gas Emission from Passenger cars and Trucks

3.6.4    Road Traffic Act 1988

3.6.5    Canada Motor Vehicle Safety Act

3.6.6    Vehicular Safety Standards & Regulations in India

3.6.7    Anti-air-pollution law

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.1.1    Growth in worldwide travel & tourism industry

3.7.1.2    Stringent government regulations regarding emission control in Europe and North America

3.7.1.3    Incentives offered by the government to use mobility on demand in U.S.

3.7.1.4    Growing adoption of vehicles enabled with advanced technologies

3.7.1.5    Reduction in traveling/commuting cost

3.7.1.6    Growing adoption of car rental services on airports

3.7.1.7    Increasing investments in car sharing by the automobile manufacturers in Germany

3.7.1.8    Growing adoption of urban mobility due to increasing traffic congestion and pollution in China

3.7.1.9    Lack of proper public transportation infrastructure in India

3.7.1.10    Increase in number of smartphone and internet users in developing economies

3.7.1.11    Changing regulations in Malaysia and Singapore

3.7.1.12    Lack of public transport infrastructure in MEA and Latin America

3.7.2    Industry pitfalls and challenges 3

3.7.2.1    Inadequate transportation infrastructure

3.7.2.2    Lack of flexibility

3.7.2.3    Increasing data and application security concerns

3.7.2.4    Reducing driver margins

3.7.2.5    Low awareness and acceptance of these services in Latin America and MEA

3.8    Growth potential analysis

3.8.1    Car sharing

3.8.2    Car rental

3.8.3    Ride hailing

3.9    Porter’s analysis

3.10    Competitive landscape, 2018

3.10.1    Key differentiators

3.10.2    Investment landscape

3.10.2.1    Car sharing

3.10.2.2    Car rental

3.10.2.3    Ride hailing

3.10.3    Significant development by key players

3.11    PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/mobility-on-demand-mod-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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