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Mobility on Demand Market Share

Report ID: GMI1229
Published Date: Nov 2019
Report Format: PDF

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Mobility on Demand Market Share

Prominent players operating in the mobility on demand market include

Uber Technologies
Lyft
Didi Chuxing
Turo
Car2Go
Autolib
Drivy
Grab
Hertz
Drive Now

These companies and several automakers are involved in new on-demand mobility services in various regions. These strategies are also supported the regional expansion programs to hold leadership in the highly competitive market worldwide. North American and European countries are also experiencing the emergence of several small & locally based car sharing & ride-hailing service providers. For instance, in June 2019, Free2Move, a car-sharing service from Groupe PSA, announced its expansion in Arlington. It will allow the users to pick & park cars in Arlington.

The market comprises several local & global players that offer various types of mobility services. The small & local companies have threats from global players owing to the huge fleet, advanced service packages, and high investment capabilities. The industry participants have threats from new entrants owing to the provision of cheaper mobility options in various regions. Several companies are facing heavy debts and losses owing to the technical problems and fleet issues in the highly competitive industry. Companies are developing flexible mobility solutions to cater to various consumer needs and gain competitive strength.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of mobility on demand was valued over USD 110 billion in 2018.

The industry share of mobility on demand is projected to witness 10% growth rate during 2019 to 2026.

The increasing focus on reduction & control of high air pollution levels due to heavy vehicular traffic is creating the need for alternative transportation forms, driving market growth for mobility on demand.

North America market is expected to grow at a rapid pace from 2019 to 2026 owing to heavy investments made by major automakers, service providers, and investors. High support from the U.S. government for the promotion & adoption of various on-demand mobility services is adding up to industry expansion.

Increasing vehicle purchasing and ownership costs due to launch of technically advanced passenger cars are adding up to the usage of rental cars. Consumers across the globe are opting for these options to save the huge maintenance & ownership costs along with the ability to use the latest car models offered by rental providers.