Press Release

Europe Mobility on Demand Market to Surpass USD 39 Billion by 2023

Increasing smartphone users, growing internet penetration coupled with expanding need for alternative transportation systems to propel Europe mobility of demand market through 2023

According to TechSci Research report, Europe Mobility on Demand Market By Vehicle Type, By Internet Connectivity, By Service Type, By Country, Competition Forecast & Opportunities, 2017-2023, the mobility on demand market in Europe is projected to cross $ 39 billion by 2023. Growing demand for better transportation services through a reliable and fast mobile platform, and rising penetration of internet and smartphone users is augmenting demand for mobility on demand services across Europe. Anticipated growth in the market can also be attributed to changing needs of travellers coupled with rising shift towards alternative forms of transportation in order to curb rising air pollution levels. Additionally, an increasing number of joint ventures and acquisitions by leading players and the rising ease of usage of the mobility on demand services through the mobile platform, is anticipated to further boost the mobility on demand market in Europe in the coming years.

Browse 125 market data Figures and 9 Tables spread through 125 Pages and an in-depth TOC on "Europe Mobility on Demand Market"

https://www.techsciresearch.com/report/europe-mobility-on-demand-market/3108.html

 Passenger cars segment dominates Europe mobility on demand services, with the segment accounting for more than 90% of the market share in 2017, followed by the two-wheeler segment. Strong foothold of passenger cars has been backed by rising requirement for personal transportation, a large number of companies providing mobility on demand cab services coupled with growing adoption of cab sharing services among users. Among all the countries, Europe mobility on demand market was dominated by Germany, owing to country’s large population and developed automotive infrastructure.

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Rising presence of various multinational companies such as Europcar, Uber, Avis, Sixt, Mytaxi, etc., has been intensifying the market competition in Europe mobility on demand market over the last few years. “Demand for Europe mobility on demand services is anticipated to grow at a significant pace, on the back of growing need for alternative transportation, coupled with rise in internet and smartphone users. Moreover, rising inclination of people towards mobility on demand services and car-pooling due to various advantages associated with them would further steer growth in Europe mobility on demand market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Europe Mobility on Demand Market By Vehicle Type, By Internet Connectivity, By Service Type, By Country, Competition Forecast & Opportunities, 2017-2023 has analyzed the potential of mobility on demand market across Europe, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by Europe mobility on demand market. 

 

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Europe Mobility on Demand Market By Vehicle Type (Passenger Car & Two wheeler), By Internet Connectivity (4G, 3G, Wi-Fi & 5G), By Service Type (Vehicle Rental, Ride Hailing & Vehicle Sharing), By Country, Competition Forecast & Opportunities, 2017-2023

Automotive | Jul, 2018

Increasing smartphone users, growing internet penetration coupled with expanding need for alternative transportation systems to propel Europe mobility of demand market through 2023

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