Mobility on Demand Market Growth to 2025: 19.81% CAGR Led by APAC

The mobility on demand market is projected to grow at a CAGR of 19.81% during the forecast period to reach USD 276.00 billion by 2025 while station based mobility is the fastest growing segment in the global mobility on demand market.

Pune, India – February 1, 2017 /MarketersMedia/ —

The mobility on demand market is driven by factors such as growing need for personal mobility in wake of rising urbanization and fall in car ownership. The factors which restrain the markets are low internet penetration in developing region and complex regulatory policies.

Complete report on mobility on demand market spread across 149 pages, profiling 15 companies and supported with 64 tables and 61 figures is now available at http://www.reportsnreports.com/reports/836533-mobility-on-demand-market-by-service-type-e-hailing-car-sharing-station-based-car-rental-data-service-navigation-information-payment-connectivity-3g-4g-5g-wi-fi-and-v2v-v2i-v2p-v2n-vehicle-type-st-to-2025.html .

Station based mobility market is expected to grow at the fastest CAGR. Station based mobility is incentivized by governments across the world and dedicated tracks are laid in various countries for station to station mobility. Car sharing is the second fastest growing segment. Growth of car sharing is attributed to its benefits such as getting benefits of a private vehicle without the costs and responsibilities of car ownership.

Navigation service has the largest market size in data service for mobility on demand market globally. Navigation guides driver and passenger regarding location and route. Also mapping and traffic data helps better user experience. Use of navigation service is imperative for mobility on demand service. Thus the increasing number of mobility on demand service users influences the demand for mobility on demand services.

The companies that are profiled in this report are Delphi automotive plc, Denso Corporation, Uber Technologies, Inc., Intel Corporation, TomTom NV, Robert Bosch GmbH, International Business Machines Corp. (IBM), Didi Chuxing, Gett, Inc. and Lyft, Inc. Request a discount on a copy of IoT Chip Market by Hardware (Processor, Sensor, Connectivity IC, Memory Device, and Logic Device), End-Use Application (Wearable Devices, Building Automation, Industrial, Automotive & Transportation, and Others), and Geography – Global Forecast to 2022 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=836533 .

The Asia-Pacific region leads the mobility on demand market in terms of market size. High population and increasing urbanization are driving the factor for mobility on demand market. Increasing urbanization leads to traffic congestion and increasing population will also increase the demand for different mobility options in urban areas. Mobility on Demand services like app-based taxi services, car sharing services, and station based mobility in Asia-Pacific region flourish on the grounds of increasing population of urban areas.

Get a representative sample copy of this research at http://www.reportsnreports.com/contacts/requestsample.aspx?name=836533 .

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Release ID: 166136