Mobility on demand market is anticipated to grow at a considerable CAGR of 10.5% during the forecast period (2024-2031). Mobility on-demand services is on the rise in various countries post government regulation, increasing environmental consciousness, and changing customer transport preferences. The services aim to provide consumers with on-demand transportation including public and private commuting options. The market is also expanding and innovating towards autonomous ride-sharing services, and on-demand air transport services with investment by big technology players such as Ford, Google, and many others.
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The mobility on demand industry has seen a positive upward trend in recent years stimulated by degrading traffic conditions globally. With the increase in the number of private vehicles, most countries have recorded a rise in the rate of fatalities and intangible losses. For instance, according to the INRIX global traffic scorecard in 2022, most urban areas and the country overall saw increasing travel demand in 2022. Across the globe, 58.0% of urban areas analyzed saw increased traffic delays over the last year, while 38.0% saw delay decreases. Wherein, London remained the most congested area analyzed at 156 hours of delay per driver, up 5.0% over last year. Big movers include second-ranked Chicago, IL (155 hours, up 49.0%), Boston, MA (134 hours, up 72.0%) and Toronto, ON (118 hours, up 59.0%). Traffic in many North American cities came roaring back in 2022 from 2021, a bit behind Europe,
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Mobility on Demand Market Report Segment
By Type
- Sharing
- Renting
By Vehicle
- Passenger Vehicles
- Commercial Vehicles
- Other (Two wheelers, Air Transport)
By Booking
- Online
- Offline
By Commute
- Intracity
- Intercity
Global Mobility on Demand Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global mobility on demand market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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