On-Demand Transportation Market Size, Share, Growth Analysis, By Service Type(E-Hailing, Car Sharing, Car Rental, and Station-Based Mobility.), By Vehicle Type(Four-Wheeler, and Micro Mobility.), By Business Model(P2P, B2B, and B2C), By Power Source(Fuel Powered, HEV (HEV), PHEV (PHEV), BEV (BEV).), By Application(Passenger Transportation, and Goods Transportation.), By Region - Industry Forecast 2024-2031

Across North America and Latin America, light commercial vehicles are widely preferred. Since car owners frequently offer carpool and ride-sharing services, the P2P segment accounts for a significant revenue part of the industry. The B2C segment, however, represents a sizable portion of the industry in terms of income because the vehicles used for rental and leasing services are held by service-provider businesses. While shared mobility services are preferred for transporting people about, there are a number of businesses that offer light and heavy trucks for moving products. Micro mobility, which includes scooters, bikes, and other small vehicles, is in high demand, and throughout the forecast period is expected to achieve a significant market share as a response.

In Asia Pacific regions like China, India, and ASEAN, ride sharing and ride sourcing services are quite popular. Major mobility sharing service companies active in Asia Pacific include DIDI Chuxing, OLA, Uber, and Grab. Asia Pacific is seeing an increase in demand for on-demand transportation services due to the region's rapidly growing urban population, rising daily commuter population, packed public transit systems, low motorization rate, and rising fuel prices. Asia Pacific now has a significant portion of the global on-demand transportation industry due to its large population and availability of top on-demand transportation service providers on a global scale.