Lucintel's latest market report analyzed that mobility on demand provides attractive opportunities in the business and private markets. The mobility on demand market is expected to reach $411 billion by 2028 with a CAGR of 11.9%. In this market, e-hailing is the largest segment by service, whereas private is largest by application.
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Based on service, the mobility on demand market is segmented into e-hailing, car sharing, business model, and car rental. The e-hailing segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing demand for a convenient seamless platform for booking various modes of transportation such as car, taxi, and limousine.
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The Mobility on Demand Market is marked by the presence of several big and small players. Some of the prominent players offering mobility on demand include Al Futtaim Vehicle Rentals, Cityhop, Avis Budget Group, Cabify, and cambioCarSharing.
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