Product ID: SQMIG45A2042
Global On-Demand Transportation Market Size, Share, Growth Analysis, By Service Type(E-Hailing, Car Sharing), By Vehicle Type(Four-Wheeler, and Micro Mobility.), By Business Model(P2P, B2B), By Power Source(Fuel Powered, HEV (HEV)), By Application(Passenger Transportation, and Goods Transportation.) - Industry Forecast 2024-2031
Report ID:
SQMIG45A2042 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
144 |
Figures:
78
Global On-Demand Transportation Market Dynamics
On-Demand Transportation Market Drivers
The rising sales of smartphones
- The acceptability of on-demand transportation services including car sharing, e-hailing, station-based mobility, and car renting has risen with the increase in connected automobiles. Customers can modify, pre-book, or cancel their cab arrangements via mobile applications.
Rise in fuel costs
- Growing traffic problems, rising fuel costs and a lack of resources of parking spots are driving market growth. Moreover, the use of on-demand transportation services has increased due to the growing popularity of smartphones and linked vehicles.
On-Demand Transportation Market Restraint
Imposition of Stringent Regulations due to Increased Passenger Safety
- Increased passenger safety concerns are having a significant influence on market growth, making passenger safety one of the most significant barriers to the growth of the on-demand transportation sector in recent years. Governments are concerned about these occurrences and may impose tough regulations to guarantee the security of drivers and passengers. The On-demand Transport (OdT) business division of the Department of Transportation (DoT) keeps an eye on the passenger transportation sector to make sure that requirements for public safety are met.
Global On-Demand Transportation Market Report Snapshots
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