Global On-Demand Transportation Market Overview:

This report studies the Global On-Demand Transportation Market over the forecast period of 2019 to 2023. The Global On-Demand Transportation Market is growing continuously and expected to grow healthy CAGR by Forecast year 2023.

According to the market report analysis, the increasing penetration of smartphones and connected vehicles is increasing the adoption of on-demand transportation services such as e-hailing, car sharing, car rental, and station-based mobility. These services enable users to pre-book, modify, or cancel their taxi reservations via mobile applications such as Uber. The Global On-Demand Transportation Market augmentation is driven by the factors such as fuel-saving and reduced time consumption.

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The Global On-Demand Transportation Market is segmented on the basis of Service Type, Vehicle Connectivity, Vehicle Type and Region. Based on the Service Type, the Global On-Demand Transportation Market is classified into car sharing, e-hailing, car rental, and station based mobility. On the basis of Vehicle Type, the Global On-Demand Transportation Market is bifurcated into micro-mobility and four-wheeler. Based on the Vehicle Connectivity, the Global On-Demand Transportation Market is sub-segmented into V2N, V2V, V2P, and V2I.

Current Industry News:

1 BMW Group (April 25, 2019) – Plug-and-play: BMW i Technology as a Driving Force for Electrification – The BMW i models represent not only environmentally-conscious mobility, but also technological progress. Vehicle development is not the BMW Group’s only focus – because the same technology can also be used for many additional applications: From electrified boats and energy storage to local public transport – the BMW Group is literally driving electrification in a wide range of different areas.

With the launch of the BMW i3 in 2013, the BMW Group established itself early as an electromobility pioneer. It created BMW i, a brand dedicated to visionary vehicle concepts and sustainability. Since then, sales of BMW Group electric vehicles have rapidly gained momentum.

2 General Motor (April 29, 2019) – EPA Recognizes GM for Green Power Leadership – General Motors has earned a spot on the U.S. Environmental Protection Agency’s National Top 100 List of the largest green power users from the Green Power Partnership. Ranked No. 29, GM is the only automotive company on this list. GM is also No. 6 on the GPP’s Top On-Site Generation list and No. 14 on EPA’s list of Green Power Partners from the Fortune 500.

GM’s decision to use green power, including landfill gas, wind and solar energy, helps advance the voluntary market for it and the development of green power sources. The company uses nearly 430 million kilowatt-hours of green power annually, which represents more than 10 percent of its U.S. operations’ total power needs. According to the EPA, this is equivalent to the annual electricity use of nearly 40,000 average American homes.

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Top Leading Key Manufacturers are: BMW Group, Daimler Group, Audi, General Motor, Ford Motor, Toyota, Honda, Hyundai, Uber, Transdev, Grab, Ola, Lyft, Careem, Taxify, DIDI Chuxing and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of On-Demand Transportation in these regions, from 2013 to 2023 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

With the presence of a large pool of participants, the Global On-Demand Transportation Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). BMW Group, Daimler Group, Audi, General Motor, Ford Motor, Toyota, Honda, Hyundai, Uber, Transdev, Grab, Ola, Lyft, Careem, Taxify, etc. are some of the key vendors of On-Demand Transportation across the world. These players across On-Demand Transportation Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.

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