On-Demand Transportation

Global On-Demand Transportation Market to Reach US$1.1 Trillion by 2030

The global market for On-Demand Transportation estimated at US$331.8 Billion in the year 2024, is expected to reach US$1.1 Trillion by 2030, growing at a CAGR of 21.5% over the analysis period 2024-2030. Four Wheeler, one of the segments analyzed in the report, is expected to record a 18.7% CAGR and reach US$783.4 Billion by the end of the analysis period. Growth in the Micro Mobility segment is estimated at 33.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$83.3 Billion While China is Forecast to Grow at 26.8% CAGR

The On-Demand Transportation market in the U.S. is estimated at US$83.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$285.6 Billion by the year 2030 trailing a CAGR of 26.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 15.1% and 18.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.1% CAGR.

Global On-Demand Transportation Market - Key Trends and Drivers Summarized

Why Is On-Demand Transportation Reshaping Urban Mobility?

On-demand transportation refers to services that provide immediate access to rides, goods, or shared vehicles through digital platforms. This model includes ride-hailing, ride-sharing, micro-mobility (scooters and bikes), and delivery services, all accessible via mobile apps. By offering convenience, flexibility, and affordability, on-demand transportation has transformed urban mobility, enabling users to travel seamlessly without owning a vehicle. The sector’s rapid growth is fueled by technological advancements, changing consumer preferences, and urbanization, making on-demand transportation a critical component of smart cities and sustainable mobility.

What Are the Key Segments in the On-Demand Transportation Market?

Service types include ride-hailing, ride-sharing, carpooling, micro-mobility, and delivery services, with ride-hailing dominating the market due to its convenience and widespread adoption. In terms of vehicle type, the market covers cars, two-wheelers, and shared bicycles/scooters, with cars representing the largest segment due to their higher usage for commuting and longer trips. End-users range from individual consumers to businesses, with individuals accounting for the majority of users, driven by the demand for affordable and flexible mobility solutions.

How Is On-Demand Transportation Being Integrated Across Urban Areas?

Ride-hailing and ride-sharing services are increasingly integrated into urban transportation networks, providing convenient alternatives to traditional taxis and public transit. Micro-mobility solutions, such as e-scooters and shared bicycles, have gained popularity in dense urban areas for last-mile connectivity, reducing congestion and emissions. Delivery services, powered by on-demand platforms, offer rapid logistics for food, groceries, and e-commerce, meeting growing consumer expectations for speed and convenience. Additionally, businesses use on-demand transportation to optimize employee commuting, logistics, and fleet management. The integration of electric vehicles (EVs) and autonomous technologies into on-demand services is further enhancing the sustainability and efficiency of urban mobility.

What Factors Are Driving the Growth in the On-Demand Transportation Market?

The growth in the On-Demand Transportation market is driven by several factors, including increasing urbanization, which has created a demand for flexible, convenient, and cost-effective mobility solutions. Technological advancements, such as mobile apps, GPS tracking, and real-time data analytics, have improved service efficiency and user experience, fueling adoption. The rise of shared mobility concepts and government initiatives promoting sustainable transportation have further contributed to market expansion. The integration of electric vehicles in on-demand fleets, along with rising consumer awareness of environmental impact, has boosted the adoption of green mobility solutions. Additionally, the growing demand for last-mile connectivity and quick delivery services has accelerated the growth of on-demand transportation in both developed and emerging markets.

SCOPE OF STUDY:

The report analyzes the On-Demand Transportation market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Vehicle Type (Four Wheeler, Micro Mobility); Service Type (Car Rental, Car Sharing, E-Hailing, Station-based Mobility)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• Avis Budget Group, Inc.
• BMW Group
• Daimler Group
• DIDI Chuxing
• Ford Motor Company
• General Motor Company
• Gett, Inc.
• International Business Machines Corporation
• Lyft
• Ola
• Robert Bosch
• Taxify
• Toyota Motor Corporation
• Uber Technologies Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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