Mobility on Demand Market –Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Renting, Ride-Hailing, Car Sharing, Station-Based Mobility), By Vehicle Type (Two-Wheeler, Four-Wheeler, Other Vehicles), By Propulsion Type (ICE, BEV), By Commute Type (Intracity, Intercity), By Region, By Competition, 2019-2029F

  • Industry : Automotive
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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 107.11 Billion

CAGR (2024-2029)

11.45%

Fastest Growing Segment

Ride-Hailing

Largest Market

Asia-Pacific

Market Size (2029)

USD 205.26 Billion

Market Overview

The Global Mobility on Demand market was valued at USD 107.11 Billion in 2023 and is expected to reach USD 205.26 Billion by 2029 with a CAGR of 11.45% during the forecast period. Global mobility-on-demand services are reshaping urban transportation, offering convenience and cost-effectiveness through app-based solutions. These services, encompassing ride-hailing, car sharing, renting, and station-based mobility, cater to evolving consumer preferences for flexible travel options. Rapid urbanization and the rise in traffic congestion have created a pressing need for efficient mobility solutions, driving market demand. The widespread adoption of smartphones and internet connectivity has further enabled seamless access to mobility services, enhancing user convenience. Increasing environmental awareness also promotes the use of shared and electric vehicles, aligning with global sustainability goals.

The market is witnessing significant technological advancements, including AI-driven route optimization, integration of autonomous vehicles, and the adoption of electric vehicle fleets. Subscription-based models are gaining traction, offering users affordable and flexible alternatives to traditional car ownership. Shared micro-mobility solutions, such as e-scooters and bike-sharing, are expanding as consumers seek last-mile connectivity options. Strategic partnerships between technology providers, automakers, and governments foster innovation and scalability. The transition toward Mobility-as-a-Service (MaaS) platforms further unlocks opportunities for seamless multimodal transportation experiences.

Despite its growth potential, the market faces several challenges, including regulatory hurdles and competition among service providers. Infrastructure limitations, particularly in developing regions, can hinder service efficiency and adoption. Data privacy concerns and cybersecurity risks associated with app-based platforms are critical issues that need to be addressed to maintain user trust. High operational costs, including vehicle maintenance and compliance with evolving regulations, can strain profitability for mobility service providers. Ensuring equitable access to these services across diverse demographic and geographic segments remains an ongoing challenge for the industry.

Market Drivers

Urbanization and Increasing Traffic Congestion

As cities expand, rapid urbanization has resulted in denser populations, leading to unprecedented traffic congestion and longer commute times. Traditional infrastructure struggles to keep up with the growing demand for mobility. Mobility-on-demand services address these issues by offering alternatives to private vehicle use, such as ride-hailing and car sharing, which reduce the number of cars on the road. These solutions also support better resource utilization and urban planning by providing flexible and scalable transportation options tailored to real-time demand. This role is becoming increasingly crucial in cities aiming to improve commuter experiences while mitigating the environmental impact of urbanization.

Consumer Shift Toward Shared Economy

The shared economy is reshaping consumer behaviors, with individuals prioritizing convenience, affordability, and sustainability over ownership. This paradigm shift is particularly evident in urban areas where car ownership is becoming less practical due to high costs, parking challenges, and maintenance requirements. Mobility-on-demand platforms enable users to access transportation services on a need basis, eliminating the hassles of ownership while offering predictable and lower costs. Younger generations, especially millennials and Gen Z, are driving this trend, preferring subscription and pay-per-use models that align with their flexible and dynamic lifestyles.

Technological Advancements

Technological innovation has been a cornerstone of the mobility-on-demand sector's rapid expansion. Artificial intelligence and machine learning enable dynamic pricing, efficient route optimization, and demand forecasting, which enhance service efficiency and user satisfaction. Internet of Things (IoT) technology allows for seamless vehicle tracking and predictive maintenance, ensuring high availability and reduced downtime. These innovations also improve safety features and communication between drivers and passengers, making mobility services more reliable and appealing. For instance, in 2024, Uber Technologies enhanced its collaboration with Alphabet’s Waymo by launching self-driving, all-electric Jaguar I-PACE vehicles in Austin, Texas, and Atlanta, Georgia, beginning early next year. This development builds on a fruitful partnership in Phoenix, Arizona, where Waymo’s autonomous vehicles have been operational since 2023. Furthermore, Uber will manage and roll out an expanding fleet of Waymo’s fully autonomous vehicles, which is anticipated to grow to hundreds in the future. This initiative is in line with Uber’s overarching strategy to incorporate innovative technologies and shift its entire fleet towards sustainable energy.


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Key Market Challenges

Regulatory and Legal Barriers

Mobility-on-demand services must navigate a complex web of regulations, often varying by region and mode of transport. These include licensing requirements, labor laws for gig workers, and vehicle safety standards. In some markets, traditional taxi unions and policymakers resist ride-hailing and car-sharing services, viewing them as disruptive to established systems. Complying with these regulations often incurs high costs, delays service rollouts, and increases operational complexity for companies, potentially stalling market growth.

High Competition Among Providers

The mobility-on-demand landscape is saturated with service providers offering overlapping solutions, from ride-hailing giants to niche car-sharing platforms. This intense competition drives companies to adopt aggressive pricing strategies and offer promotions to capture market share. While beneficial to consumers, it reduces profitability for providers. Startups and smaller players often struggle to sustain themselves against established brands with extensive resources, leading to consolidation and monopolistic tendencies that can stifle innovation.

Data Privacy and Cybersecurity Concerns

The dependence on digital platforms raises significant privacy and security challenges. Mobility services collect sensitive user data, including location, payment information, and personal preferences, making them prime targets for cyberattacks. Data breaches can lead to financial losses, reputational damage, and loss of consumer trust. Governments are imposing stricter data protection regulations, such as GDPR, compelling companies to invest heavily in secure technologies and compliance measures, which increases operational costs.

Key Market Trends

Integration of Autonomous Vehicles

Autonomous vehicles represent a revolutionary trend in mobility-on-demand, with the potential to eliminate driver-related costs and improve operational efficiency. Companies are actively piloting self-driving fleets in select cities, focusing on safety and user trust. These vehicles also offer consistent service quality and extended operational hours, making them attractive for both providers and users. As technology matures and regulatory frameworks evolve, autonomous vehicles are expected to redefine the sector.

Rise of micro mobility Solutions

Micromobility options, such as shared e-scooters and bikes, are increasingly popular for short-distance travel and last-mile connectivity. These solutions are cost-effective, environmentally friendly, and ideal for navigating congested urban areas. Cities are investing in dedicated lanes and parking zones to support micromobility, encouraging adoption. As demand for sustainable and flexible transportation grows, micromobility is becoming a key component of the mobility-on-demand ecosystem.

Shift to Electric Fleets

Electric vehicles are becoming a cornerstone of mobility services as providers strive to reduce emissions and operating costs. Governments worldwide are supporting this shift through subsidies, tax incentives, and investments in charging infrastructure. Electric fleets appeal to environmentally conscious users and offer long-term savings through reduced fuel and maintenance costs, making them a strategic priority for service providers. For instance, in 2024, BluSmart, the leading electric taxi operator in India, plans to secure more than USD 300 million over the next three years. This capital will be allocated to expand their fleet by incorporating thousands of additional vehicles. The company intends to grow its Indian electric vehicle fleet, which is sourced from Tata Motors Ltd., BYD Co., SAIC Motor Corp.’s MG Motor, and Stellantis NV’s Citroën, from the current 7,500 to 13,000 by March. Furthermore, within three years, BluSmart aims to increase its fleet by an additional 25,000 electric cars.

Segmental Insights

Type Insights

Global mobility-on-demand services encompass four key segments: renting, ride-hailing, car sharing, and station-based mobility. Each segment caters to distinct consumer needs and preferences, offering a range of solutions to address modern transportation challenges. Renting services provide users with temporary access to vehicles for personal or professional use, offering flexibility for those who prefer the experience of private vehicle use without the long-term commitment of ownership. This segment is ideal for travelers, business professionals, and individuals requiring vehicles for extended durations, as it provides convenience and autonomy.

Ride-hailing services have transformed urban transportation by connecting passengers with drivers through digital platforms. These services cater to the need for quick, point-to-point travel and are particularly effective in urban areas with high traffic density. The convenience of on-demand availability and app-based booking has made ride-hailing a popular choice among commuters. Users benefit from cost transparency, route optimization, and flexible payment methods, making it an appealing alternative to traditional taxis.

Car-sharing services allow multiple users to access a shared fleet of vehicles for short-term usage. These platforms promote resource efficiency by enabling shared ownership and reducing the overall number of vehicles on the road. Car sharing appeals to consumers who occasionally need vehicles for specific trips without incurring the costs of ownership. This segment aligns with sustainability trends and encourages a community-focused approach to mobility.

Station-based mobility involves accessing transportation modes like bikes, e-scooters, or cars from designated stations. Users pick up and drop off vehicles at specific locations, making it an effective solution for planned, short-distance travel or last-mile connectivity. This segment supports urban mobility by providing an alternative to private vehicles and reducing traffic congestion. Station-based mobility also complements public transportation systems by bridging gaps in coverage, offering a seamless travel experience for commuters.

These four segments collectively address diverse transportation needs, emphasizing flexibility, cost efficiency, and environmental sustainability. They reflect the evolving preferences of consumers who seek alternatives to traditional car ownership while prioritizing convenience and adaptability. As technology continues to enhance the mobility landscape, these segments are poised to play pivotal roles in shaping the future of urban transportation, each contributing to a comprehensive and integrated mobility ecosystem.

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Region Insights

In 2023, Asia-Pacific emerged as the dominant region in the global mobility-on-demand market, driven by several key factors. Rapid urbanization across major cities has created significant demand for efficient, scalable, and accessible transportation solutions. The region's high population density, coupled with increasing traffic congestion, has made mobility-on-demand services a practical alternative to private vehicle use. Governments and urban planners are also actively promoting shared mobility as part of broader efforts to reduce environmental impact and improve urban infrastructure.

Technological adoption in Asia-Pacific has played a pivotal role in driving the mobility-on-demand sector. The widespread availability of smartphones and high-speed internet has enabled seamless access to digital platforms, which are essential for ride-hailing, car sharing, and other mobility services. Consumers in the region, particularly in densely populated urban centers, have shown a strong preference for app-based transportation due to its convenience, affordability, and adaptability to local needs. These platforms have also integrated multilingual features and payment options to cater to diverse populations, further enhancing accessibility.

Economic factors have contributed significantly to the growth of mobility-on-demand services in Asia-Pacific. The rising middle class and increasing disposable incomes have boosted demand for affordable and flexible transportation solutions. In addition, the region's emphasis on sustainable development has spurred the adoption of eco-friendly practices within the mobility industry, including the integration of electric vehicles and micromobility options such as e-scooters and bike-sharing services. These initiatives align with consumer preferences for greener transportation and support government efforts to reduce emissions and promote energy efficiency.

The region's infrastructure investments and supportive regulatory frameworks have also facilitated the expansion of mobility-on-demand services. Governments are collaborating with service providers to enhance urban mobility, implementing policies that encourage shared transportation and improve last-mile connectivity. The development of smart cities across Asia-Pacific, with integrated transportation systems and digital platforms, has further streamlined mobility solutions, creating a more interconnected and user-friendly experience for commuters.

Asia-Pacific's diverse market dynamics, fueled by its economic growth, technological advancements, and consumer preferences, have established it as a leader in the mobility-on-demand industry in 2023. This dominance highlights the region’s ability to adapt to evolving transportation needs while addressing challenges related to urbanization and environmental sustainability.

Recent Developments

  • In October 2024, U Power Limited, a provider of vehicle sourcing services aspiring to establish itself as a comprehensive electric vehicle battery power solution provider in China, announced the execution of a Memorandum of Understanding with Ualabee Corp., a mobile travel platform based in South America. This strategic alliance is designed to incorporate U Power’s proprietary UOTTA battery-swapping technology into Ualabee’s ride-hailing services throughout South America, representing a notable advancement in the Company’s global expansion efforts.
  • In 2024, the ride-hailing application inDrive secured an additional USD 150 million in a financing extension round. This development follows closely on the heels of the USD 150 million raised from General Catalyst in February 2023, marking just over a year since that investment. Currently, inDrive stands as the fastest-growing ride-hailing app globally. The total number of downloads for the app surged from 42.6 million in 2021 to 61.8 million by the conclusion of 2022, positioning it as the second most downloaded ride-hailing app worldwide, according to data from Google Play and the App Store.
  • In July 2024, the Global Times reported that Baidu's Apollo Go Robotaxi service is gaining popularity as it expands in Wuhan, Hubei Province. Baidu revealed that there are currently 300 fully driverless taxis operating in the city, with bookings for these taxis making up 55% of all ride-hailing services in Q1 2024, rising to over 70% in April. Projections suggest this could reach 100% in the coming quarters. Baidu plans to launch its sixth-generation robotaxi, the RT6, in Wuhan later this year, which is expected to reduce hardware costs. A 10-kilometer ride in robotaxi costs between 4 and 16 yuan (USD 0.60-USD 2.30), compared to 18 to 30 yuan for traditional services. Consumers can book these autonomous taxis anytime via Baidu's apps in pilot areas.

Key Market Players

  • Uber Technologies Inc.
  • Lyft, Inc.
  • Beijing Xiaoju Technology Co, Ltd.
  • Turo Inc.
  • car2go NA, LLC
  • Ola Electric Mobility Pvt Ltd
  • Drivy
  • Hertz System, Inc.
  • DriveNow Pty Ltd
  • Blu-Smart Mobility Pvt Ltd.

By Type

By Vehicle Type

By Propulsion Type

 

By Commute Type

 

 

By Region

 
  • Renting
  • Ride-Hailing
  • Car Sharing
  • Station-Based Mobility

 
  • Two-Wheeler
  • Four-Wheeler
  • Other Vehicles
  • ICE
  • BEV

 
  • Intracity
  • Intercity
  • North America
  • Europe & CIS
  • Asia-Pacific
  • Middle East & Africa
  • South America

 

 

Report Scope:

In this report, the Global Mobility on Demand market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Global Mobility on Demand Market, By Type:

o   Renting

o   Ride-Hailing

o   Car Sharing

o   Station-Based Mobility

·         Global Mobility on Demand Market, By Vehicle Type:

o   Two-Wheeler

o   Four-Wheeler

o   Other Vehicles

·         Global Mobility on Demand Market, By Propulsion Type:

o   ICE

o   BEV

·         Global Mobility on Demand Market, By Commute Type:

o   Intercity

o   Intracity

·         Global Mobility on Demand Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe & CIS

§  France

§  Germany

§  Spain

§  Italy

§  United Kingdom

§  Rest of Europe

o   Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

§  Thailand

§  Australia

§  Thailand

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

o   South America

§  Brazil

§  Argentina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Mobility on Demand Market.

Available Customizations:

Global Mobility on Demand Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Mobility on Demand Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Market Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Sources of Information

5.    Global Mobility on Demand Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Renting, Ride-Hailing, Car Sharing, Station-Based Mobility)

5.2.2.    By Vehicle Type Market Share Analysis (Two-Wheeler, Four-Wheeler, Other Vehicles)

5.2.3.    By Propulsion Type Market Share Analysis (ICE, BEV)

5.2.4.    By Commute Type Market Share Analysis (Intracity, Intercity)

5.2.5.    By Regional Market Share Analysis

5.2.5.1.        North America Market Share Analysis

5.2.5.2.        Europe & CIS Market Share Analysis

5.2.5.3.        Asia-Pacific Market Share Analysis

5.2.5.4.        Middle East & Africa Market Share Analysis

5.2.5.5.        South America Market Share Analysis

5.2.6.    By Top 5 Companies Market Share Analysis, Others (2023)

5.3.  Global Mobility on Demand Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Vehicle Type Market Mapping & Opportunity Assessment

5.3.3.    By Propulsion Type Market Mapping & Opportunity Assessment

5.3.4.    By Commute Type Market Mapping & Opportunity Assessment

5.3.5.    By Regional Market Mapping & Opportunity Assessment

6.    North America Mobility on Demand Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Vehicle Type Market Share Analysis

6.2.3.    By Propulsion Type Market Share Analysis

6.2.4.    By Commute Type Market Share Analysis

6.2.5.    By Region Market Share Analysis

6.2.5.1.        United States Mobility on Demand Market Outlook

6.2.5.1.1.           Market Size & Forecast

6.2.5.1.1.1.               By Value

6.2.5.1.2.           Market Share & Forecast

6.2.5.1.2.1.               By Type Market Share Analysis

6.2.5.1.2.2.               By Vehicle Type Market Share Analysis

6.2.5.1.2.3.               By Propulsion Type Market Share Analysis

6.2.5.1.2.4.               By Commute Type Market Share Analysis

6.2.5.2.        Canada Mobility on Demand Market Outlook

6.2.5.2.1.           Market Size & Forecast

6.2.5.2.1.1.               By Value

6.2.5.2.2.           Market Share & Forecast

6.2.5.2.2.1.               By Type Market Share Analysis

6.2.5.2.2.2.               By Vehicle Type Market Share Analysis

6.2.5.2.2.3.               By Propulsion Type Market Share Analysis

6.2.5.2.2.4.               By Commute Type Market Share Analysis

6.2.5.3.        Mexico Mobility on Demand Market Outlook

6.2.5.3.1.           Market Size & Forecast

6.2.5.3.1.1.               By Value

6.2.5.3.2.           Market Share & Forecast

6.2.5.3.2.1.               By Type Market Share Analysis

6.2.5.3.2.2.               By Vehicle Type Market Share Analysis

6.2.5.3.2.3.               By Propulsion Type Market Share Analysis

6.2.5.3.2.4.               By Commute Type Market Share Analysis

7.    Europe & CIS Mobility on Demand Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Vehicle Type Market Share Analysis

7.2.3.    By Propulsion Type Market Share Analysis

7.2.4.    By Commute Type Market Share Analysis

7.2.5.    By Region Market Share Analysis

7.2.5.1.        France Mobility on Demand Market Outlook

7.2.5.1.1.           Market Size & Forecast

7.2.5.1.1.1.               By Value

7.2.5.1.2.           Market Share & Forecast

7.2.5.1.2.1.               By Type Market Share Analysis

7.2.5.1.2.2.               By Vehicle Type Market Share Analysis

7.2.5.1.2.3.               By Propulsion Type Market Share Analysis

7.2.5.1.2.4.               By Commute Type Market Share Analysis

7.2.5.2.        Germany Mobility on Demand Market Outlook

7.2.5.2.1.           Market Size & Forecast

7.2.5.2.1.1.               By Value

7.2.5.2.2.           Market Share & Forecast

7.2.5.2.2.1.               By Type Market Share Analysis

7.2.5.2.2.2.               By Vehicle Type Market Share Analysis

7.2.5.2.2.3.               By Propulsion Type Market Share Analysis

7.2.5.2.2.4.               By Commute Type Market Share Analysis

7.2.5.3.        Spain Mobility on Demand Market Outlook

7.2.5.3.1.           Market Size & Forecast

7.2.5.3.1.1.               By Value

7.2.5.3.2.           Market Share & Forecast

7.2.5.3.2.1.               By Type Market Share Analysis

7.2.5.3.2.2.               By Vehicle Type Market Share Analysis

7.2.5.3.2.3.               By Propulsion Type Market Share Analysis

7.2.5.3.2.4.               By Commute Type Market Share Analysis

7.2.5.4.        Italy Mobility on Demand Market Outlook

7.2.5.4.1.           Market Size & Forecast

7.2.5.4.1.1.               By Value

7.2.5.4.2.           Market Share & Forecast

7.2.5.4.2.1.               By Type Market Share Analysis

7.2.5.4.2.2.               By Vehicle Type Market Share Analysis

7.2.5.4.2.3.               By Propulsion Type Market Share Analysis

7.2.5.4.2.4.               By Commute Type Market Share Analysis

7.2.5.5.        United Kingdom Mobility on Demand Market Outlook

7.2.5.5.1.           Market Size & Forecast

7.2.5.5.1.1.               By Value

7.2.5.5.2.           Market Share & Forecast

7.2.5.5.2.1.               By Type Market Share Analysis

7.2.5.5.2.2.               By Vehicle Type Market Share Analysis

7.2.5.5.2.3.               By Propulsion Type Market Share Analysis

7.2.5.5.2.4.               By Commute Type Market Share Analysis

8.    Asia-Pacific Mobility on Demand Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Vehicle Type Market Share Analysis

8.2.3.    By Propulsion Type Market Share Analysis

8.2.4.    By Commute Type Market Share Analysis

8.2.5.    By Region Market Share Analysis

8.2.5.1.        China Mobility on Demand Market Outlook

8.2.5.1.1.           Market Size & Forecast

8.2.5.1.1.1.               By Value

8.2.5.1.2.           Market Share & Forecast

8.2.5.1.2.1.               By Type Market Share Analysis

8.2.5.1.2.2.               By Vehicle Type Market Share Analysis

8.2.5.1.2.3.               By Propulsion Type Market Share Analysis

8.2.5.1.2.4.               By Commute Type Market Share Analysis

8.2.5.2.        Japan Mobility on Demand Market Outlook

8.2.5.2.1.           Market Size & Forecast

8.2.5.2.1.1.               By Value

8.2.5.2.2.           Market Share & Forecast

8.2.5.2.2.1.               By Type Market Share Analysis

8.2.5.2.2.2.               By Vehicle Type Market Share Analysis

8.2.5.2.2.3.               By Propulsion Type Market Share Analysis

8.2.5.2.2.4.               By Commute Type Market Share Analysis

8.2.5.3.        India Mobility on Demand Market Outlook

8.2.5.3.1.           Market Size & Forecast

8.2.5.3.1.1.               By Value

8.2.5.3.2.           Market Share & Forecast

8.2.5.3.2.1.               By Type Market Share Analysis

8.2.5.3.2.2.               By Vehicle Type Market Share Analysis

8.2.5.3.2.3.               By Propulsion Type Market Share Analysis

8.2.5.3.2.4.               By Commute Type Market Share Analysis

8.2.5.4.        Vietnam Mobility on Demand Market Outlook

8.2.5.4.1.           Market Size & Forecast

8.2.5.4.1.1.               By Value

8.2.5.4.2.           Market Share & Forecast

8.2.5.4.2.1.               By Type Market Share Analysis

8.2.5.4.2.2.               By Vehicle Type Market Share Analysis

8.2.5.4.2.3.               By Propulsion Type Market Share Analysis

8.2.5.4.2.4.               By Commute Type Market Share Analysis

8.2.5.5.        South Korea Mobility on Demand Market Outlook

8.2.5.5.1.           Market Size & Forecast

8.2.5.5.1.1.               By Value

8.2.5.5.2.           Market Share & Forecast

8.2.5.5.2.1.               By Type Market Share Analysis

8.2.5.5.2.2.               By Vehicle Type Market Share Analysis

8.2.5.5.2.3.               By Propulsion Type Market Share Analysis

8.2.5.5.2.4.               By Commute Type Market Share Analysis

8.2.5.6.        Australia Mobility on Demand Market Outlook

8.2.5.6.1.           Market Size & Forecast

8.2.5.6.1.1.               By Value

8.2.5.6.2.           Market Share & Forecast

8.2.5.6.2.1.               By Type Market Share Analysis

8.2.5.6.2.2.               By Vehicle Type Market Share Analysis

8.2.5.6.2.3.               By Propulsion Type Market Share Analysis

8.2.5.6.2.4.               By Commute Type Market Share Analysis

8.2.5.7.        Thailand Mobility on Demand Market Outlook

8.2.5.7.1.           Market Size & Forecast

8.2.5.7.1.1.               By Value

8.2.5.7.2.           Market Share & Forecast

8.2.5.7.2.1.               By Type Market Share Analysis

8.2.5.7.2.2.               By Vehicle Type Market Share Analysis

8.2.5.7.2.3.               By Propulsion Type Market Share Analysis

8.2.5.7.2.4.               By Commute Type Market Share Analysis

9.    Middle East & Africa Mobility on Demand Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Vehicle Type Market Share Analysis

9.2.3.    By Propulsion Type Market Share Analysis

9.2.4.    By Commute Type Market Share Analysis

9.2.5.    By Region Market Share Analysis

9.2.5.1.        South Africa Mobility on Demand Market Outlook

9.2.5.1.1.           Market Size & Forecast

9.2.5.1.1.1.               By Value

9.2.5.1.2.           Market Share & Forecast

9.2.5.1.2.1.               By Type Market Share Analysis

9.2.5.1.2.2.               By Vehicle Type Market Share Analysis

9.2.5.1.2.3.               By Propulsion Type Market Share Analysis

9.2.5.1.2.4.               By Commute Type Market Share Analysis

9.2.5.2.        Saudi Arabia Mobility on Demand Market Outlook

9.2.5.2.1.           Market Size & Forecast

9.2.5.2.1.1.               By Value

9.2.5.2.2.           Market Share & Forecast

9.2.5.2.2.1.               By Type Market Share Analysis

9.2.5.2.2.2.               By Vehicle Type Market Share Analysis

9.2.5.2.2.3.               By Propulsion Type Market Share Analysis

9.2.5.2.2.4.               By Commute Type Market Share Analysis

9.2.5.3.        UAE Mobility on Demand Market Outlook

9.2.5.3.1.           Market Size & Forecast

9.2.5.3.1.1.               By Value

9.2.5.3.2.           Market Share & Forecast

9.2.5.3.2.1.               By Type Market Share Analysis

9.2.5.3.2.2.               By Vehicle Type Market Share Analysis

9.2.5.3.2.3.               By Propulsion Type Market Share Analysis

9.2.5.3.2.4.               By Commute Type Market Share Analysis

9.2.5.4.        Turkey Mobility on Demand Market Outlook

9.2.5.4.1.           Market Size & Forecast

9.2.5.4.1.1.               By Value

9.2.5.4.2.           Market Share & Forecast

9.2.5.4.2.1.               By Type Market Share Analysis

9.2.5.4.2.2.               By Vehicle Type Market Share Analysis

9.2.5.4.2.3.               By Propulsion Type Market Share Analysis

9.2.5.4.2.4.               By Commute Type Market Share Analysis

10. South America Mobility on Demand Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Vehicle Type Market Share Analysis

10.2.3. By Propulsion Type Market Share Analysis

10.2.4. By Commute Type Market Share Analysis

10.2.5. By Region Market Share Analysis

10.2.5.1.     Brazil Mobility on Demand Market Outlook

10.2.5.1.1.         Market Size & Forecast

10.2.5.1.1.1.            By Value

10.2.5.1.2.         Market Share & Forecast

10.2.5.1.2.1.            By Type Market Share Analysis

10.2.5.1.2.2.            By Vehicle Type Market Share Analysis

10.2.5.1.2.3.            By Propulsion Type Market Share Analysis

10.2.5.1.2.4.            By Commute Type Market Share Analysis

10.2.5.2.     Argentina Mobility on Demand Market Outlook

10.2.5.2.1.         Market Size & Forecast

10.2.5.2.1.1.            By Value

10.2.5.2.2.         Market Share & Forecast

10.2.5.2.2.1.            By Type Market Share Analysis

10.2.5.2.2.2.            By Vehicle Type Market Share Analysis

10.2.5.2.2.3.            By Propulsion Type Market Share Analysis

10.2.5.2.2.4.            By Commute Type Market Share Analysis

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Impact of COVID-19 on the Global Mobility on Demand Market

12.1.             Impact Assessment Model   

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1.             Company Profiles

14.1.1. Uber Technologies Inc.

14.1.1.1.     Company Details

14.1.1.2.     Products

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. Lyft, Inc.

14.1.2.1.     Company Details

14.1.2.2.     Products

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Beijing Xiaoju Technology Co, Ltd.

14.1.3.1.     Company Details

14.1.3.2.     Products

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. Turo Inc.

14.1.4.1.     Company Details

14.1.4.2.     Products

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5. car2go NA, LLC

14.1.5.1.     Company Details

14.1.5.2.     Products

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. Ola Electric Mobility Pvt Ltd

14.1.6.1.     Company Details

14.1.6.2.     Products

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. Drivy

14.1.7.1.     Company Details

14.1.7.2.     Products

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. Hertz System, Inc.

14.1.8.1.     Company Details

14.1.8.2.     Products

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. DriveNow Pty Ltd

14.1.9.1.     Company Details

14.1.9.2.     Products

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10. Blu-Smart Mobility Pvt Ltd.

14.1.10.1.  Company Details

14.1.10.2.  Products

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1.             Key Focus Areas

15.2.             Target By Type

15.3.             Target By Vehicle Type

15.4.             Target By Propulsion Type

15.5.             Target By Commute Type

16.  About Us & Disclaimer

 

 

Figures and Tables

Frequently asked questions

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The market size of the Global Mobility on Demand Market was estimated to be USD 107.11 Billion in 2023.

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Key drivers for the global mobility-on-demand market include advancements in payment technologies, such as contactless and digital wallets, which streamline transactions and enhance user convenience. Increased investment in infrastructure, like electric vehicle charging stations and improved vehicle fleets, is enabling the growth of sustainable mobility solutions. Rising concerns over safety and hygiene, prompting the adoption of touchless systems and enhanced vehicle cleanliness standards, also contribute to market expansion.

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In 2023, the ride-hailing segment was the fastest-growing in terms of type within the global mobility-on-demand market. The surge in demand can be attributed to increasing urban congestion, a preference for on-demand convenience, and widespread smartphone penetration. Ride-hailing services continue to expand rapidly as they offer flexible, cost-effective, and efficient solutions for urban commuters, further boosted by technological advancements in route optimization and payment systems.

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Asia-Pacific is the dominant region in the global mobility-on-demand market, driven by the increasing participation of younger populations in the workforce. As more young professionals enter the labor market, they seek flexible and cost-effective transportation options that fit their dynamic lifestyles. Mobility-on-demand services offer the convenience of easily accessible, on-the-go travel without the financial burden of car ownership. This shift is particularly significant in urban areas, where work schedules and commute patterns are constantly changing. The flexibility, affordability, and accessibility provided by services such as ride-hailing and car sharing make them an attractive solution for young workers, further boosting the demand for mobility services in the region. These services align with the preferences of a new generation of workers who prioritize convenience and financial efficiency over traditional ownership models.

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