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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Mobility on demand market is undergoing a plethora of transforming trends perhaps attributing to the rising inclination towards the adoption of alternative transportation modes. It is prudent to mention that the rising working population has initiated the requirement for time-reliable and flexible mobility solutions, prompting the growth graph of worldwide mobility on demand market to display a marked ascent during 2019-2026.
Various government authorities have rolled out stringent regulations pertaining to hazardous emissions thereby encouraging the industry players to invest more in industry development.
In light of this, the prominent market players such as Drivy, Daimler AG, Avis, Uber Technologies, and various others have laid their focus on expanding and attaining investments from the government, automakers, and other investors to strengthen their respective portfolios.
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.
The worldwide mobility on demand market size is anticipated to surpass a mammoth of USD 250 million by the end of 2026, in terms of revenue.
The ever increasing automobile prices and cost of ownerships of technically developed vehicles is obstructing the customers to buy new vehicles. Having said that, this would compel the consumers to choose vividly the on-demand mobility options eventually boosting the business dynamics over the forecast period.
Furthermore, mobility on demand market size would accrue hefty gains in the upcoming years owing to the ongoing technological developments and transforming social and environmental requirements. These factors have encouraged the industry conglomerates to invest heftily in novel innovations to augment the efficiency of the transforming services.
Say for instance, the Federal Transit Administration has developed mobility on demand initiative to create efficient, automated, and connected transportation systems. These are anticipated to offer personalized mobility options to the consumers.
Alongside, various governments worldwide are emphasizing on the use of on-demand mobility options to minimize the traffic congestion and help manage the environmental conditions. In addition to this, the elevating consumer security and flexibility delivered by newly manufactured mobility service providers have added an impetus to the product demand globally thereby augmenting the worldwide mobility on demand market size.
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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.
Apparently, the region holds over a massive number of market players which are prospering in prominence ascribing to the huge target consumer base and best suited work conditions.
Table of Contents (ToC) of the report:
Chapter 4 Mobility on Demand Market, By Service
4.1 Key trends in global mobility on demand market, by service
4.2 Ride hailing
4.2.1 Market estimates and forecast, 2015 – 2026
4.2.2 Market estimates and forecast, 2015 – 2026
4.3 Car sharing
4.3.1 Market estimates and forecast, 2015 – 2026
4.3.2 Market estimates and forecast, by region, 2015 – 2026
4.3.3 Market estimates and forecast, by model, 2015 – 2026
18.104.22.168.1 Market estimates and forecast, 2015 – 2026
22.214.171.124.1 Market estimates and forecast, 2015 – 2026
126.96.36.199.1 Market estimates and forecast, 2015 – 2026
4.3.4 Market estimates and forecast, by business model, 2015 – 2026
188.8.131.52 Round trip
184.108.40.206.1 Market estimates and forecast, 2015 – 2026
220.127.116.11 One way
18.104.22.168.1 Market estimates and forecast, 2015 – 2026
4.4 Car rental
4.4.1 Market estimates and forecast, 2015 – 2026
4.4.2 Market estimates and forecast, by vehicle type, 2015 – 2026
22.214.171.124 Luxury car
126.96.36.199.1 Market estimates and forecast, by vehicle type, 2015 – 2026
188.8.131.52 Executive car
184.108.40.206.1 Market estimates and forecast, by vehicle type, 2015 – 2026
220.127.116.11 Economy car
18.104.22.168.1 Market estimates and forecast, by vehicle type, 2015 – 2026
22.214.171.124.1 Market estimates and forecast, by vehicle type, 2015 – 2026
126.96.36.199.1 Market estimates and forecast, by vehicle type, 2015 – 2026
Chapter 5 Mobility on Demand Market, By Application
5.1 Key trends in global mobility on demand market, by application
5.2.1 Market estimates and forecast, 2015 – 2026
5.3.1 Market estimates and forecast, 2015 – 2026
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