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Growing Internet Penetration Worldwide Fueling Growth of On-Demand Transportation Services MarketDUBLIN, May 11, 2020 /PRNewswire/ -- The "On-Demand Transportation Services Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering. The global on-demand transportation services market is growing owing to the increasing price of vehicles, growing fuel prices, reduced parking spaces, and expensive maintenance of vehicles. Rising advancements in IT infrastructure along with increasing investments is boosting the market growth of on-demand transportation services. The demand for on-demand transportation services is being driven due to its ease of operation, affordability, greater convenience as compared to public transport, along with the increased penetration of smartphones and connected vehicles. The rising adoption of car-sharing services by millennials is also contributing to the growing market for on-demand transportation services. Growing air and noise pollution levels are pressurizing governments to take strict measures in order to reduce these levels. As a result of growing environmental concerns supported by stringent regulatory standards implemented by international organizations is leading to the encouragement of adopting ride-sharing services, thereby positively impacting the market growth of on-demand transportation services. However, recent cases for drivers being abusive have raised the safety and security concerns among customers which are currently restraining the market growth to some extent. Car sourcing apps like Uber, Ola, and Gett require seamless internet connectivity as they connect the host server for reserving bookings of the user. The adoption of ride-sourcing services is increasing among people in order to avoid road congestion while saving on the cost of owning a vehicle, thus bolstering the market growth of this type of on-demand transportation service. Ridesharing is expected to grow at a decent CAGR during the forecast period owing to the rising awareness among people about climate change and being more conscious about taking necessary steps to save the environment. The adoption of ridesharing services is growing at a significant rate as it allows to reduce the cost incurred on fuel. Vehicle rental/leasing also holds a noteworthy market share over the forecast period. B2C is one of the major segments of the business model in the global on-demand transportation services market. The increasing use of ride-sourcing and ride-sharing is driving the market growth of the B2C segment by a higher margin as compared to others. B2B business model will witness a considerable CAGR during the projected period on account of growing leasing and renting of vehicles for transportation of goods by small and medium businesses. The competitive intelligence section deals with major players in the global on-demand transportation services market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry participants profiled as part of this section are ANI Technologies Pvt. Ltd., GETT, Uber Technologies Inc., Lyft, Inc., Grab, Enterprise Holdings, Inc., and Avis Budget Group. Key Topics Covered: 1. Introduction 2. Research Methodology 3. Executive Summary 4. Market Dynamics 5. Global On-Demand Transportation Services Market Analysis, By Type 5.1. Introduction 5.2. Ride Sharing 5.3. Vehicle Rental/Leasing 5.4. Ride Sourcing 6. Global On-Demand Transportation Services Market Analysis, By Vehicle Type 6.1. Introduction 6.2. Passenger Cars 6.3. Light Commercial Vehicles 6.4. Heavy Commercial Vehicles 6.5. Buses & Coaches 6.6. Micro Mobility 7. Global On-Demand Transportation Services Market Analysis, By Business Model 7.1. Introduction 7.2. C2C 7.3. B2B 7.4. B2C 8. Global On-Demand Transportation Services Market Analysis, By Application 8.1. Introduction 8.2. Passenger Transportation 8.3. Goods Transportation 9. Global On-Demand Transportation Services Market Analysis, By Geography 9.1. Introduction 9.2. North America 9.3. South America 9.4. Europe 9.5. Middle East and Africa 9.6. Asia Pacific 10. Competitive Environment and Analysis 10.1. Major Players and Strategy Analysis 10.2. Emerging Players and Market Lucrativeness 10.3. Mergers, Acquisitions, Agreements, and Collaborations 10.4. Vendor Competitiveness Matrix 11. Company Profiles
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