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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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.
“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.