Posts

Showing posts with the label On-demand Transportation Market

On-Demand Transportation: Driving the Future of Mobility

The global  on-demand transportation market  size is expected to reach USD 473.0 million by 2030, registering a CAGR of 20.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. 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.   Advancements in IT infrastructure and growing usage of car sharing services by millennials are anticipated to drive the adoption of on-demand transportation services in Europe. Asia Pacific is estimated to witness considerable growth over the forecast period, owing to increased traffic and fuel prices. Government initiatives, such as the Smart Mobility 2030 plan of the Land Transport Authority of Singapore, are also likely to bolster the market growth....