APAC Leading Global Mobility on Demand Market
Improving economic
conditions, increasing traffic congestions and growing inclination of consumers
to aid global mobility in demand market by 2022
According to TechSci Research report, “Global
Mobility on Demand Market Forecast &
Opportunities, 2022”, the global market for mobility on demand services is projected to
cross $ 228 billion by 2022. Over the last few years, increasing demand for
alternate transportation means to curb the air pollution levels across the
globe as well as to provide better transportation services through a reliable
and fast mobile platform are aiding global mobility on demand market. In
addition, growing popularity and increasing ease of usage of mobility on demand
services through the mobile platform is anticipated to positively influence
global mobility on demand market during forecast period.
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Mobility on Demand Market"
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Global mobility on demand market was dominated by the
passenger car segment in 2016, followed by the two-wheeler segment. Globally, people
prominently prefer e-hailing cabs, and are adopting the car sharing services as
they offer a convenient mode of transport. E-hailing cabs are widely popular
across the globe, and Uber, Gett and Lyft are some of the key players in global
e-hailing cab industry. Globally, people are inclining towards car sharing as
it helps in reducing the traffic, and is a cost-effective alternative.
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“Global mobility on demand market was dominated by Asia-Pacific in 2016
owing to expanding middle class population base, especially in China and India.
The region has a strong automotive industry backed by its rapidly developing
infrastructure. The region is anticipated to maintain its dominance in the
global mobility on demand market over the next five years as well. Presently, North
America accounts for the second largest share in global mobility on demand
market. Owing to the region’s huge potential, major players are investing
heavily to develop their mobility on demand services network in North America.”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Global
Mobility on Demand Market Forecast & Opportunities, 2022” has analyzed the potential
of mobility on demand market across the globe, and provides statistics and
information on market sizes, shares and trends. The report will suffice in
providing the intending clients with cutting-edge market intelligence and help
them in taking sound investment decisions. Besides, the report also identifies
and analyzes emerging trends along with essential drivers and key challenges
faced by the industry.
About TechSci Research
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