On-Demand Transportation Market Supply Chain & Logistics Data

On-Demand Transportation Market Trends and Global Production Volumes

The on-demand transportation market size is forecasted to expand from USD 200.63 million in 2025 to USD 1046.15 million by 2034, growing at a CAGR of 20.14% from 2025 to 2034.

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Introduction

The on-demand transportation market is a prominent branch of the automotive industry. This industry deals in providing flexible transportation systems across the world. There are various types of services provided by this industry consisting of e-hailing, car sharing, car rental, station-based mobility and others. These services are operated using four wheelers and bikes. This industry uses different types of connectivity such as V2V, V2I, V2P and V2N. The rising adoption of electric vehicles along with rapid urbanization across the world is contributing to the industrial expansion. This market is expected to grow significantly with the rise in electric mobility sector around the globe.

• According to the worldometers, in 2024, around 75.6% people of Europe lives in urban areas and only 24.4% people live in rural areas.

Highlights of the On-Demand Transportation Market

• North America held the largest share of the on-demand transportation market due to the rapid urbanization in U.S. and Canada.
• Asia Pacific is expected to grow with the highest CAGR due to the rising demand for eco-friendly mobility solutions in this region.
• The car rental segment held the dominant share of the market due to rise in number of car-sharing platforms across the globe.
• The V2V segment led the industry due to growing demand for enhanced vehicle safety along with advancement in automotive technology.

Transportation Industry Statistics & Trends

• According to the AutoInsurance Stats, in March 2024, Uber held 76% of the U.S. rideshare market followed by Lyft (24%).
• According to the GLOBAL TAXI & RIDE-HAILING FIGURES 2024, in 2023, the number of ride-hailing vehicles increased significantly by 21% as compared to 2022.
• According to the CoMoUK, the total fleet size of rented vehicles in Europe was 5207 in March 2024.
• According to the Bureau of Transportation Statistics, there were around 8862 docked bikeshare station in the U.S. in 2024.

Industry Leader Announcement

In July 2024, Alessandro Villa, the COO of Wayla made an announcement stating 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 on-demand transportation market is a highly competitive market with the presence of numerous dominant players. Some of the prominent players in this industry comprises of Uber Technologies, Inc.; Lyft, Inc.; Ola Electric Mobility Pvt Ltd.; Grab, Beijing Xiaoju Technology Co, Ltd. and some others. These companies are continuously engaged in expanding their business in different regions to sustain their position in this competitive industry.

• According to the annual report of LYFT, there were 17.8 million riders worldwide in 2022 that increased to 19.6 million in 2023.

Market Segmentations

By Type

• Four Wheeler
• Micro Mobility

By Service

• E-hailing
• Car Sharing
• Car Rental
• Station-based Mobility

By Connectivity

• V2V
• V2I
• V2P
• V2N

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
• Middle East and Africa (MEA)
  • UAE
  • KSA
  • South Africa