Mobility on Demand Market Size, Trends, Share and Innovations 2034

Mobility on Demand Market Competitive Landscape & Future Outlook

The mobility on demand market is forecasted to expand from USD 137.1 billion in 2025 to USD 312.84 billion by 2034, growing at a CAGR of 9.6% from 2025 to 2034.

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Introduction

The mobility on demand market is a prominent branch of the automotive services industry. This industry deals in providing efficient transportation solutions across the world. There are different types of vehicles used in this sector comprising of micro-mobility vehicles and four-wheelers. This market provides several types of service including car rental, e-hailing, station-based mobility and car sharing. The rapid urbanization in different parts of the world along with rise in number of startup companies dealing in ride-sharing services has contributed significantly to the industrial expansion. This market is projected to rise significantly with the growth of the e-mobility sector around the globe.

• According to the Our world in Data, around 82% of the people of Canada lives in Urban areas in 2025 and only 18% live in rural areas.

Highlights of the Mobility on Demand Market

• Asia Pacific held the dominant share of the mobility on demand market due to the rapid urbanization in different parts of the world along with technological advancement in automotive sector in this region.
• North America is expected to grow with the highest CAGR due to the growing demand for electric vehicles coupled with rising adoption of e-hailing services in this region.
• The micro mobility segment held the maximum share of the market due to the rising use of electrically-powered scooters and bikes for daily commutes.
• The e-hailing segment led the highest share of the market due to the increasing trend of e-hailing services in developing regions.

Mobility on Demand: Stats and Trends

• According to the UITP, around 207 ride-hailing vehicles were operated in Chicago during 2023.
• According to the Auto Insurance Stats, Uber held around 76% of the rideshare industry in U.S. during 2024.
• According to the Federal Reserve Bank of ST.Louis, around 130408 passenger cars were rented and leased in U.S. during January 2025.
• According to the Leaseurope, there were around 1,100 leasing firms and more than 600 short term rental companies in Europe in 2023.

Industry Leader Announcement

In July 2024, Alessandro Villa, the COO of Wayla announced that, “Living in Milan and reading the local news over the past years, it’s evident that there is a lack of transportation solutions available to citizens, especially in the evening hours. Wayla will finally offer a safe, economical, and sustainable alternative to residents and tourists, ensuring a quality service thanks to the direct management of vehicles and drivers and the unparalleled experience of our partner ioki.”

Competitive Landscape

The mobility on demand market is a developing industry with the presence of few dominant players. Some of the prominent players in this industry consists of Uber Technologies Inc. (U.S.), Robert Bosch Gmbh (Germany) and some others. These companies are constantly engaged in launching new mobility services and adopting numerous strategies to sustain their position in this competitive industry.

• According to the annual report of Uber Technologies, the annual revenue of the company in 2022 was US$ 31877 million in 2022 that increased to US$ 37281 million in 2023.

Market Segmentations

By Type

• Micro Mobility vehicles
• Four-wheelers

By Internet connectivity

• WiFi
• 5G
• 4G
• 3G

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa