Consumer Inclination towards Ride-Sharing Drives Australia Mobility on Demand Market
Growing population,
increasing traffic congestions, rising urbanization and reduction in auto
control, to drive the Australia Mobility on Demands Market through 2023
According to TechSci Research report, “Australia
Mobility on Demand Market, By Vehicle Type (Passenger Car Vs. Two-Wheeler),
By Internet Connectivity Type (3G, 4G, Wi-Fi, and 5G), By Service Type
(E-hailing, Ride Sharing, and Car Rental), By Vehicle Connectivity Type (V2P,
V2I, V2V, and Others), By Company Forecast & Opportunities, 2023”, Australia Mobility on Demand market is expected to grow
at a CAGR of over 12% by 2023 owing to rising demand for convenience & cost
savings automobile, growing population and rising urbanization. Moreover,
growing traffic congestions, continuous initiatives being taken by several
vehicles manufacturing players and increasing inclination of consumers drives
the Australia Mobility on Demand market. Furthermore, rising demand for
real-time data drives the Australia Mobility on Demand over the next five years
as well.
Moreover,
the volatility of fuel prices coupled with the rising need for reducing Carbon
dioxide emission from vehicles that cause air pollution will ensure robust growth
of the Australia Mobility on Demands market during forecast period. Additionally,
increasing government initiatives like the Product Emissions Standards Act 2017
involves framework for managing non-road diesel engine emissions by the end of
2019, encourages citizens to share rides and switch to taxies and cabs, and is
likely to drive the growth of Australia Mobility on Demand Market by 2023.
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Based on vehicle type, the Australia Mobility
on Demand Market is segmented into Passenger Cars as well as Two-wheelers. The Passenger Car segment is expected to lead
the market in the next five years owing to the increasing adoption due to ease
of booking, safety factors associated with four-wheelers and reduction in
travel fare due to the use of shared rides.
BMW AG, Lyft, Toyota Motor Corporation, IBM Corporation,
General Motors Co., Robert Bosch GmbH, Uber Technologies Inc etc, are major companies
operating in Mobility on Demands, in Australia.
New-South Wales leads the Mobility on Demands
market in 2017, in Australia on the back of increasing population, growing
technological advancements in hailing technologies as well as the ease of
booking rides through either 3G, 4G or Wi-Fi. Alternatively, the rising fuel
prices has propelled the users to switch to shared transport, driving the
mobility on demand market.
“The rising
popularity of carpooling or sharing, reduction of travelling expense and
positive impact on the atmosphere by lowering the emissions of greenhouse gases
are likely to drive the growth of the market in the coming years. Moreover, the
ease of booking with the introduction of 4G coupled with the growing popularity
of IoT will drive the Mobility on Demands market through
2023. Owing to the huge potential in the country, key players
are investing heavily to develop their mobility on demand services network”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based Global management consulting firm.
“Australia
Mobility
on Demand Market, By Vehicle Type (Passenger Car Vs. Two-Wheeler), By
Internet Connectivity Type (3G, 4G, Wi-Fi, and 5G), By Service Type (E-hailing,
Ride Sharing, and Car Rental), By Vehicle Connectivity Type (V2P, V2I, V2V, and
Others), By Company Forecast & Opportunities, 2023” has evaluated the future growth
potential of Australia Mobility on Demands market and provides statistics and information
on market size, structure and future market growth. The report offers decision
makers superior market intelligence, thereby enabling them conduct thorough
investment appraisal. Besides, the report also analyzes the evolving market inclinations along
with indispensable drivers, challenges and opportunities in Australia Mobility
on Demands Market.
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