- On-demand transportation services, encompassing ride-sharing, car rental, and car-sharing platforms, provide flexible and efficient mobility solutions through digital applications, catering to both passenger and goods transportation needs
- The rising demand for on-demand transportation is fueled by increasing urban congestion, growing environmental concerns promoting shared mobility, and the convenience of app-based booking systems
- Asia-Pacific dominated the on-demand transportation market with the largest revenue share of 42.5% in 2024, driven by high population density, rapid urbanization, and widespread adoption of mobile-based transportation platforms, particularly in countries such as China and India
- North America is expected to be the fastest-growing region during the forecast period, propelled by technological advancements, increasing consumer preference for ride-sharing, and the presence of major industry players innovating in autonomous and electric vehicle integration
- The ride-sharing segment dominated the largest market revenue share of 45.2% in 2024, driven by its widespread use in urban areas for cost-effective and eco-friendly commuting. Services such as Uber, Lyft, and Didi Chuxing leverage mobile apps for seamless booking and real-time tracking, addressing consumer demand for convenience and affordability
