Global Rental Leasing On-Demand Transportation Market, By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Buses and Coaches, Micro-Mobility), Autonomy Level (Manual, Semi-Autonomous, Autonomous), Power Source (Fuel Powered, HEV, PHEV, BEV), Business Model (P2P, B2B, B2C), Application (Passenger Transportation, Goods Transportation), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Rental Leasing On-Demand Transportation Market
The rental leasing on-demand transportation market is expected to witness market growth at a rate of 43.40% in the forecast period of 2021 to 2028. Data Bridge Market Research report on rental leasing on-demand transportation market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in digitalization is escalating the growth of rental leasing on-demand transportation market.
On-demand transportation refers to an internet-based service which is extensively used for booking means of transportation in return of money, based on the time and distance it is used for. Passenger vehicles or commercial vehicles are few instances of vehicles that are available to be booked or reserved through on-demand transportation services in accordance with the requirement of the consumer.
The increase in the fuel costs across the globe acts as one of the major factors driving the growth of rental leasing on-demand transportation market. The high cost of automobiles changing the consumer preference towards on-demand services that allows users to pre-book, modify and cancel their bookings at lower costs through applications and the rise in the problems related to traffic accelerate the rental leasing on-demand transportation market growth. The growing penetration of smartphone and connected vehicles and increase in the usage of car sharing services by millennials globally further influence the rental leasing on-demand transportation market. Additionally, the flexibility of traveling and enhanced traveling experience with none maintenance cost, reduced parking spaces, the advent of car sharing applications, rapid urbanization and digitization and surge in disposable income of people positively affect the rental leasing on-demand transportation market. Furthermore, developments in phone-based applications extend profitable opportunities to the rental leasing on-demand transportation market players in the forecast period of 2021 to 2028.
On the other hand, growing passenger safety concerns are expected to obstruct the rental leasing on-demand transportation market growth. The necessity of seamless internet connectivity is projected to challenge the rental leasing on-demand transportation market in the forecast period of 2021-2028.
This rental leasing on-demand transportation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on rental leasing on-demand transportation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Rental Leasing On-Demand Transportation Market Scope and Market Size
The rental leasing on-demand transportation market is segmented on the basis of vehicle type, autonomy level, power source, business model and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of vehicle type, the rental leasing on-demand transportation market is segmented into passenger cars, light commercial vehicles, heavy commercial vehicles, buses and coaches and micro-mobility.
- On the basis of autonomy level, the rental leasing on-demand transportation market is segmented into manual, semi-autonomous and autonomous.
- On the basis of power source, the rental leasing on-demand transportation market is segmented into fuel powered, HEV, PHEV and BEV.
- On the basis of business model, the rental leasing on-demand transportation market is segmented into P2P, B2B and B2C.
- On the basis of application, the rental leasing on-demand transportation market is segmented into passenger transportation and goods transportation.
Global Rental Leasing On-Demand Transportation Market Country Level Analysis
The rental leasing on-demand transportation market is analyzed and market size, volume information is provided by country, vehicle type, autonomy level, power source, business model and application as referenced above.
The countries covered in the global rental leasing on-demand transportation market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the rental leasing on-demand transportation market due to the rise in traffic congestions, emission standards and increasing fuel prices in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Rental Leasing On-Demand Transportation Market Share Analysis
The rental leasing on-demand transportation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to rental leasing on-demand transportation market.
The major players covered in the rental leasing on-demand transportation market report are IBM Corporation, Bayerische Motoren Werke AG, Daimler AG, Ford Motor Company, General Motors, Gett, Bosch Limited, Uber Technologies Inc., TOYOTA MOTOR CORPORATION, Beijing Xiaoju Technology Co, Ltd., Avis Budget Group, Bolt Technology OÜ, ANI Technologies Pvt. Ltd, Lyft, Inc., Maxi Mobility S.L. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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