According to the research report titled ‘Mobility on Demand Market Size By Service (Car Sharing [By Model {P2P, Station-Based, Free-Floating}, By Business Model {Round Trip, One Way}], Ride Hailing, Car Rental [By Vehicle Type {Luxury Car, Executive Car, Economy Car, SUV, MUV}], By Application (Business, Private), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026’ available at MarketStudyReport.com, the global mobility on demand market is projected to reach US $250 billion by the year 2026.
 

Increasing prices and cost of ownerships of automobiles in tandem with surging need for private vehicles substitutes are major factors driving the growth of mobility on demand market. Strict federal policies towards reducing hazardous gas emissions are encouraging key players in mobility on demand market to further invest towards developing fuel-efficient and innovative products which in turn is aiding the market expansion.
 

Growing working-class population are paving way for rising demand of flexible and time-efficient mobility solutions. The key players are focusing on offering flexible and secure solutions to consumers, thereby fueling the market outlook. Moreover, favorable federal reforms which promote such services to address the issue of traffic congestion, along with increasing popularity of ride hailing, car rental, and car sharing services are augmenting the growth of mobility of demand market.
 

Elaborating further, the report analyzes the market on various parameters, such as business model, vehicle type, application spectrum, and regional outlook. It provides details about the prevailing trends, ecosystem analysis, driving factors, challenges, and industry landscape for mobility on demand market.
 

Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/1091025/
 

Considering the geographical landscape, North America mobility on demand market held the largest share in 2018. Adopting mobility on demand services offers consumers benefits such as using a vehicle without extra funds such as repair, maintenance, insurance etc. Furthermore, prominent companies operating in mobility on demand industry are established in the region owing to favorable reimbursement policies in setting up a business. This factor, coupled with a large millennial population who understand and are inclined towards such services are impelling the market growth across the region.
 

The key players in the mobility on demand market are Grab, Drivy, Daimler AG, Didi Chuxing, Enterprise Holdings, Avis, Uber Technologies, Lyft, Zipcar, General Motors, and Delphi Automotive.