Global On-Demand Transportation Market 2015-2018 & 2025 - Market Size is Expected to Surpass $300B
Dublin, Nov 16, 2018 (GLOBE NEWSWIRE via COMTEX) -- Dublin, Nov. 16, 2018 (GLOBE NEWSWIRE) -- The "On-Demand Transportation Market Size, Share & Trends Analysis Report By Service Type (E-Hailing, Car Rental, Car Sharing), By Vehicle Type (Four Wheeler, Micro Mobility), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering. The global on-demand transportation market size is expected to reach USD 304.97 billion by 2025 and is anticipated to expand at a CAGR of 19.8% during the forecast period.
Rising 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 and Gett.