#Corporate Sector Car Rental Philippines

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Philippines car rental market is estimated to grow more than USD 400 Mn by 2027 owing to the increase in internet penetration and adoption of smart phones in the country: Ken Research

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Ecosystem of Philippines Car Rental Market

There are five markets in this report: Car Rental, Car leasing, Ride Sharing, Ride Hailing and Self Drive. The Philippines car rental market and self-drive market is highly fragmented with Avis and Diamond Rent-a-Car hold the major share respectively. Philippines car leasing market is moderately consolidated and Orix, is the market leader. Philippines ride hailing market and ride sharing market are highly consolidated where Grab is the market leader.

Key Market Findings:

Leisure travel is estimated to continue being the highest revenue generating segment with the increase in tourism across the country.

Tourists and Corporate Clients are majority of the customers of the market.

Players are looking to expand their fleet size to premium cars to offer comfort and luxury to customers.

Online Bookings: With increase in internet penetration and digital adoption in the country, car rental services are shifting to online platforms for direct bookings and confirmations. This makes the entire process hassle-free and contactless.

Unique Business Models: Year-on-Year with the help of technology, unique business models and features are coming up in the market like allowing private car owners to give out their spare vehicles on lease or rent. Ultimately, car rental services are becoming more accessible to customers.

Increasing Traffic and Congestion in Crowded Areas: The parking issues in urban cities is increasing due to limited space and increase in population, expecting the passengers to use more of ride hailing and ride sharing services.

Increase in Tourism: Lately, the international tourism sector is again increasing in Philippines with more than ~1500% increase in tourist arrivals from 2021 to 2022P. With that, there’s only an expectation of the demand to grow in future by tourists.

Analysts at Ken Research in their latest publication “Philippines Car Rental Market Outlook to 2027 - Driven by the increase in tourism and business activities along with deeper internet penetration and adoption of digital services.” observed that the Philippines car sharing market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to increased internet penetration and the adoption of smartphones. The Philippines Car Rental Market is expected to grow at robust CAGR over the forecasted period 2022 -2027.

Key Segments Covered in the report

Philippines car Rental Market

By Type of Booking

Online market

Offline market

By Type of Car

Small Cars(PHP 3500-7500 / Per trip)

Medium(PHP 3500-7500 / Per trip)

Luxury(PHP 7500+)

By Purpose

Leisure

Business

Philippines Car Leasing Market

By Type of Region

Manila

Luzon

Visayas

Mindanao

By Time Duration

1 year

2 year

3 year

4 or more year

By Vehicle Price Range

Sedan(PHP 20000-35000

SUV(PHP 35000-50000)

Premium(PHP 50000+)

By Type of End User

Corporate

Retail Individuals

Philippines Ride Hailing Market

         By Type of Region

Metropolitan

Non Metropolitan

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Philippines Ride Sharing Market

By Point of Service

Rest Area

At Airport

By Type of Car

Sedan

SUV

By Type of Distance

Short distance

Long distance

Philippines Self-Drive Car Rental Market

By Type of Region

Metro cities

Non metro cities

By Type of Booking Channel

Online

Offline

By Usage

Intercity

Intracity

By Time Period

1-2 days

A week

A month

By Type of Car

Standard (PHP 1500 + / per hour)

Luxury (PHP 1000-4000/24hours)

By Type of Booking Period

Weekend

Weekdays

By Segment of Car

Standard

luxury

By Status of Ownership

Owned

Leased

By Point of Service

At Airport

Rest area

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Key Target Audience

Car Rental Service Providers

Car Rental Companies aiming to establish in the Philippines

Philippines Automotive Industries

Government Bodies & Regulating Authorities

Venture Capitalist targeting the car rental market

Automotive industry association

Car Manufacturers

Existing Car Rental Companies

OEM Dealerships

New Market Entrants

Investors

Car Rental Associations

Time Period Captured in the Report:

Historical Period: 2017-2022

Base Year: 2022

Forecast Period: 2022-2027

Companies Covered:

Car Rental

Diamond Rent-a-Car

Luxicar

Voyg

Rent a Car ECLPI

Avis

Hertz

SafeRide

Self-Drive

Europcar

Thrifty

Juzzr Car Rental

Hertz

Voyg

SafeRide

VPI

Ride Hailing

Grab

JoyRide

Hirna

Maxim

Ride Sharing

Grab

Hirna

Car Leasing

Orix

Avis

Diamond Rent-a-Car

Europcar

Herts

ECLPI Rent a Car

Key Topics Covered in the Report

Overview and Genesis of Car Rental Market in Philippines

Ecosystem of Philippines Car Rental Market

Business Cycle of Philippines Car Rental Market

Timeline of Major Players of Philippines Car Rental Market

Value Chain Analysis of Philippines Car Rental Market

Philippines Car Rental Market Sizing, 2017- 2022

Market Segmentations of Car Rental Market in Philippines

Snapshots on different Car Rental Markets in Philippines

Industrial Analysis of Car Rental Market in Philippines

Competitive Analysis of Car Rental Market in Philippines

Future Outlook and Projections of Car Rental Market in Philippines

For More Insights On Market Intelligence, Refer to the Link Below: –

Philippines Car Rental Market Outlook to 2027

Related Reports by Ken Research: –

Vietnam Car Rental Market Outlook to 2027F

Belgium Car Rental Market Outlook 2027F

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Philippines Car Rental Market is driven by Rise in Urban Population, Changing Social Habits of Local People and Emergence of New Players: Ken Research

Philippines Car Rental Market is driven by Rise in Urban Population, Changing Social Habits of Local People and Emergence of New Players: Ken Research

“A steady increase in the demand for premium category cars and an increase in migrants from China due to a Pro China Policy have been driving the Car Rental Market in Philippines”.

Increase in the Number of Tourist Arrival: There has been an increase in the number of tourists arriving in the country. From 4.7 million in 2013, the number of tourists arriving in the country has increased to 7.1…

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OFF-HIGHWAY VEHICLE (OHV) TELEMATICS MARKET ANALYSIS

Off-Highway Vehicle (OHV) Telematics  Market, By End-use Application (Construction, Agriculture and Mining) by Technology (Cellular and Satellite), by Sales Channel (OEM and Aftermarket), and by Region (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Press Release :  Off-Highway Vehicle (OHV) Telematics  Market

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Market Insight- Global Off-highway Vehicle (OHV) Telematics Market

Market Overview

Telematics is the technology of receiving, sending, and storing information through the use of telecommunication devices. Telematics is typically used in road transport, electric engineering, road safety, and computer science. Telematics involves different technologies including global navigation satellite systems, integrated telecommunications and informatics, and the use of road vehicles with telematics. Practical applications of telematics include vehicle tracking, container tracking, trailer tracking, fleet management, telematics standards, car-sharing, emergency warning for cars, auto insurance, etc. Furthermore, off-highway vehicle (OVH) telematics refers to the integrated use of information and communication with telecommunications technology. OVH telematics finds applications in various sectors including agriculture, mining, constructions, etc.

The global off-highway Vehicle (OHV) telematics market is estimated to account for US$ 116.3 Mn in terms of value in 2019 and is expected to grow at a CAGR of 13.3% during the forecasted period 2019-27.

Market Dynamics- Drivers

Gradual growth of construction industry after global economic recession is expected to drive growth of the global off-highway vehicle (OHV) telematics market during the forecast period

Growing construction activities in private as well as public sectors are expected to boost the market growth in the near future. There is a number of infrastructure-related projects underway or planned across the globe in countries such as India, Philippines, UAE, Saudi Arabia, Egypt, Nigeria, and the U.S. For instance, in the Union Budget 2014–15, the Government of India allocated a budget of US$ 1.12 billion for the current fiscal year as part of the ‘One Hundred Smart Cities’ project. Moreover, over the following 20 years, the government is expected to invest US$ 650 billion in various urban and infrastructure projects in the country. In the Middle East, various infrastructure projects are under development namely Jeddah Economic City (Saudi Arabia), Masdar City (UAE), and Dubailand (UAE). This rampant development in infrastructure projects is expected to boost the demand for construction equipment, which in turn, is expected to support growth of the market during the forecast period.

Presence of regulatory policies to increase security and safety of off-highway vehicles is expected to propel the global off-high vehicle (OHV) telematics market growth over the forecast period

Governments across numerous countries are developing stringent policies to ensure safety and security of off-highway vehicles. This includes periodic inspection, timely servicing of brakes, and integration of electronic tools and communication systems in these vehicles. According to the U.S. Department of Labor’s work practice established for operation of heavy equipment, it is obligatory to check engine parts, service brakes and other accessories of heavy equipment such as dump trucks and loaders at the beginning of each shift, in order to ensure safety. Telematics system offers timely updates of engine and drives performance to the fleet operator and also works as a mode of communication. Moreover, installation of telematics in heavy equipment minimizes labor and time required for manual checking of equipment. Therefore, strict government policies are expected to boost the global off-high vehicle (OHV) telematics market growth over the forecast period.

North America region dominated the global off-highway Vehicle (OHV) telematics market in 2019, accounting for 63.7% share in terms of value, followed by Europe and Asia Pacific, respectively

Market Dynamics- Restraints

Growing reluctance of end users to change business practices is expected to restrain growth of the global off-high vehicle (OHV) telematics market during the forecast period

Telematics systems facilitate real-time monitoring of off-highway vehicles and also drivers. Majority of fleet operators and drivers operating off-highway vehicles consider this to be an intrusion of privacy and are reluctant to install telematics systems in their fleets. Telematics systems collect and transmit information such as real-time tracking, vehicle diagnostics, changes in speed and harsh driving practice, among others. However, car rental companies are reluctant to provide such data of their fleet with third-party telematics solution providers. Moreover, growing uncertainty among fleet operators rewarding legal connotations related to installation of trackers is expected to hamper the global off-high vehicle (OHV) telematics market growth in the near future.

Lack of training for the use in heavy equipment is expected to hinder the global off-high vehicle (OHV) telematics market growth over the forecast period

Slow adoption and lack of awareness among fleet owners for adoption of telematics systems are expected to reduce exposure of heavy equipment operators and OHV drivers to advanced telematics systems. However, educational training programs will facilitate them to understand benefits system and its effective use. Hence, these factors are expected to restrain the market growth in the near future.

Market Opportunities

Significant market potential in emerging economies such as India and China

Although China and India are the largest market for off-highway equipment, the penetration of telematics is low in these countries as compared to North America and Europe. Increasing awareness regarding significance of telematics systems in OHV and rapid development in these countries is expected to provide major growth opportunities in the near future. Moreover, numerous manufacturers are launching OHV equipped with telematics systems, in order to capitalize on the lucrative market in the region. For instance, in 2015, JCB launched ‘JCB Livelink’, a telematics system that allows users to remotely track equipment, in the India market.

Rising integration of Internet of Things (IoT) can provide major business opportunities

IoT has evolved through union of micro-electromechanical systems, internet, and wireless technologies. With IoT, fleet owners can remotely monitor the vehicle speed, tire air pressure, fuel consumption, and driver behavior, which in turn, can be used to improve efficiency of the vehicle and the driver. Telematics systems developers can integrate this technology to develop telematics solutions as per specific requirements in mining, agriculture and construction industries, where operational cost is significant. Moreover, it can be used to deliver specific telematics solutions to specific requirements of mining, agriculture, and construction industries sectors.

In global off-highway Vehicle (OHV) telematics market, by technology segment cellular sub-segment dominated the global off-highway Vehicle (OHV) telematics market in 2019, accounting for 73.3% share in terms of value, followed by satellite sub segment.

Market Trends

Rising partnership and collaboration activities among OEMs and telematics providers

Major OEMs are focused on collaborating with telematics solution providers, in order to offer enhanced services and strengthen the market presence. For instance, Major OEMs such as JCB, Komatsu, John Deere, and Caterpillar collaborated with telematics companies such as Microlise, ORBCOMM, and Trimble to offer one-stop hardware and service solution for end users. Moreover, OEMs are focused on introducing off-highway vehicles equipped with telematics systems, in order to reduce the role of telematics system providers in the aftermarket.

Growing adoption of telematics by equipment rental companies

Equipment rental companies play a crucial role in mining, construction, and oil & gas sectors across the globe. Telematics provides enhanced safety and security with lost-cost of ownership, performance monitoring of fleet, and precise billing of future or historic job. These factors are encouraging equipment rental companies to adopt telematics in the near future.

Value Chain Analysis

Competitive Section

Key players operating in the global off-high vehicle (OHV) telematics market are TomTom International BV, Zonar Systems Inc., Harman International Industries Inc., Bridgestone Europe NV/SA, Trackunit A/S, ORBCOMM Inc., Omnitracs LLC, Topcon Corporation, Navman Wireless, Wacker Neuson SE, and MiX Telematics Limited.

Key Developments

Key companies in the market are focused on mergers and acquisitions, in order to enhance the market presence. For instance, in April 2019, Bridgestone Europe NV/SA, a subsidiary of Bridgestone Corporation, acquired TomTom Telematics, a subsidiary of TomTom International BV for US$ 1 billion.

Major players in the market are involved in product launches, in order to gain a competitive edge in the market. For instance, in April 2019, Harman International Industries Inc., a subsidiary of Samsung Electronics, introduced 5G-ready Telecommunication Control Unit (TCU).

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Manila, 7 May 2019 – Thanks to a booming economy, the real estate sector of several progressive cities outside of the metro are on a roll, growing remarkably well over the last few years and expected to continue soaring to new heights in the next decade or so.

More and more property developers are answering the growing demand for residential and commercial properties in Cebu, Cavite, Davao, Iloilo, Bacolod, and Pampanga as their property landscapes evolve and are expected to be at the forefront of a property development boom in the country.

Mr. Charles Ong, Chief Operating Officer of Innoland Development Corporation

A pronounced surge in demand and supply

The growing interest from local and foreign investors, as bolstered by the national government’s robust infrastructure projects in these provincial cities, attracted a surge in interest among property buyers from here and abroad.

From 2017 to 2018, Pampanga registered a whopping 873-percent increase in leads on the Lamudi platform. During the same time frame, Cavite witnessed a 298-percent increase in leads, Davao raked in 69 percent, while Cebu and Iloilo also increased by 274 and 214 percent, respectively. Page views among properties in Bacolod likewise spiked by 38 percent.

These numbers go to show that these cities are currently enjoying a shining moment in their real estate sector. In conjunction with this impressive upward trend in demand, the property supply in these cities followed suit.

Based on Lamudi listings from 2017 to 2018, Davao enjoyed a 102-percent increase in listings while Pampanga saw a 202-percent spike. Likewise, Cavite’s listings spiked by 188 percent. Cebu-based listings increased by 27 percent while Iloilo grew by 29 percent. Bacolod, however, had more property searches than the available supply during the time period, where apartment and land searches were seven (7) percent and 12 percent higher than the supply, respectively. This could mean that there is a well of opportunity for property developers in the city to answer to the growing demand that is yet to be addressed.

Average prices and a notable increase in page visits

Page visits, which likewise signify interest among property buyers, in these provincial cities also increased. From 2017 to 2018, Pampanga, Cebu, and Bacolod grew by 65 percent, 23 percent, and 38 percent respectively.

Iloilo, on the other hand, rose by 22 percent from the first quarter of 2018 to the first quarter of 2019.

Davao, despite being one of the country’s most competitive cities and investment hubs, remains affordable for prospective investors and home seekers. The average price of a condo property in the city is Php4,622,195, where the average price per square meter is tagged at Php 100,377.

Meanwhile, Cavite’s residential sector also maintains its relative affordability, with an average price of Php 6,372,632 for houses. The average price per square meter is Php 50,576.

Bhavna Suresh, CEO of Lamudi, moderated the media roundtable discussion. The panelists of the media roundtable were Joey Bondoc, Senior Research Manager of Colliers International Philippines; Charles Ong, Chief Operating Officer of Innoland Development Corporation; Fernando Camus, Senior Consultant of Berthaphil, Inc.; Emmanuel Rapadas, Chief Financial Officer of Torre Lorenzo Development Corporation; and Richard Tay, Business Unit Head of the Commercial Business Group of Property Company of Friends, Inc.

Most Searched Areas

The most searched for areas in Davao that property seekers searched for are Buhangin and Sasa. These were followed by Barangay 19-B, Ma-A, Talomo, Barangay 20-B, Bucana, Barangay 34-D, Matina Crossing, and Matina Aplaya.  

In Cebu, the most searched for properties were those in Cebu City, followed by those in Lapu-Lapu, Mandaue, Talisay, Consolacion, Minglanilla, and Liloan.

Bacoor, Dasmariñas, Tagaytay, General Trias, and Imus were the most searched cities in Cavite.

On the other hand, the towns of Pavia, Jaro, Oton, Guimbal, and Mandurriao generated the most interest in Iloilo.

In Pampanga, Angeles, San Fernando, Mabalacat, Arayat, Mexico, Bacolor, and Magalang.

For Bacolod, the towns of Alijis, Estefania, Mansilingan, and Tangub drew in the most interest.

House and lots dominate property types

Majority of these property seekers are interested in house and lots, although there’s also a growing interest for residential condo units. The majority also prefer to buy these types of properties compared to those who want to rent them. In Iloilo, for instance, the page views for houses were close to 62 percent among property seekers, about 52 percent when it comes to sessions, and 59 percent for leads generated, based on Lamudi’s data. The same is true for Cavite, where about 64 percent of the leads came from house searches.

The preference for house and lots, as well as lands, in these provincial cities, show that the prices of these property types in Cavite, Pampanga, Cebu, Bohol, Davao, and Iloilo are still relatively more affordable compared to those in Metro Manila. Many of those who were also searching for properties in most of these progressive provincial cities are from Metro Manila, according to Lamudi data. In Pampanga, for instance, although the number one city that searched for a property there came from Angeles City, the next three came from Quezon City, Makati, and Manila, data from the property portal shows. Pampanga’s proximity to Metro Manila has attracted quite a number of property seekers from Quezon City, Makati, and Manila who are planning to relocate in the province, live a more relaxed lifestyle and escape from the urban chaos of the metropolis while also pursuing great careers with the growing number of companies opening their offices there.

With the property sector of these thriving provincial cities on the upswing, expect their economic landscape to evolve and benefit nearby towns and municipalities as well.

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Structured Cabling Ride-Hailing Service Market  2020 by Top Manufactures, Challenges, Size, Share, Segment Applications, and Forecast  2026

Global Marketers recently added its expanding repository with a new research study. The research report, entitled ”Structured Cabling Ride-Hailing Service Market” mainly includes a complete segmentation of this sector that is expected to generate massive returns by the end of the forecast period, showing a significant growth rate on an annual basis over the coming years. The research study also discusses the need for Structured Cabling Ride-Hailing Service Market explicitly.

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A detailed study of the competitive landscape of the Structured Cabling Ride-Hailing Service Industry Market has established, providing insights into the corporate profiles, latest developments, mergers, and acquisitions, and therefore the SWOT analysis. This breakdown report will offer a clear program to readers' concerns regarding the overall market situation to further choose on this market project.

Key players profiled in the Structured Cabling Ride-Hailing Service Market report includes:

Daimler AG Ola(ANI Technologies Pvt. Ltd.) Grab Deliveree Uber Technologies Inc. TomTom NV Lyft Gett Inc. nuTonomy Denso Corporation Go-Jek Kargo Technologies

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Geographically, the Structured Cabling Ride-Hailing Service report includes the research on production, consumption, revenue, market share and growth rate, and forecast (2020-2026) of the following regions:

United States

Europe (Germany, UK, France, Italy, Spain, Russia, Poland)

China

Japan

India

Southeast Asia (Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)

Central and South America (Brazil, Mexico, Colombia)

Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)

Other Regions

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The global Structured Cabling Ride-Hailing Service Market is expected to witness of massive growth in the next few years. The rising level of competition among the players and the increasing focus on the growth of new products are likely to offer promising growth during the forecast period. The research study on the global Structured Cabling Ride-Hailing Service Market deals with a complete overview, highlighting the key aspects that are projected to surge the growth of the market in the near future.

Structured Cabling Ride-Hailing Service Market Segmentation by Type:

E-hailing Car Sharing Car Rental Station-based Mobility

Structured Cabling Ride-Hailing Service Market Segmentation by Application:

Institutional Personal

What To Expect From The Report

A complete analysis of the Structured Cabling Ride-Hailing Service Market

Concrete and tangible alterations in market dynamics

A thorough study of dynamic segmentation of the Structured Cabling Ride-Hailing Service Market

A complete review of historical, current as well as potentially predictable growth forecasts concerning volume and value

A holistic review of the dynamic market modifications and developments

Remarkable growth-friendly activities of leading players

Some Major TOC Points:

Chapter 1. Structured Cabling Ride-Hailing Service Market Report Overview

Chapter 2. Global Structured Cabling Ride-Hailing Service Growth Trends

Chapter 3. Structured Cabling Ride-Hailing Service Market Share by Key Players

Chapter 4. Breakdown Data by Type and Application

Chapter 5. Structured Cabling Ride-Hailing Service Market by End Users/Application

Chapter 6. COVID-19 Outbreak: Structured Cabling Ride-Hailing Service Industry Impact

Chapter 7. Opportunity Breakdown in Covid-19 Crisis

Chapter 9. Structured Cabling Ride-Hailing Service Market Driving Force

And Many More…

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Conclusively, this report is a one-stop reference point for the industrial stakeholders to get the Free Structured Cabling Ride-Hailing Service Market to forecast of till 2026. This report helps to know the predictable market size, market status, future development, growth opportunity, challenges, and growth drivers by analysing the historical overall data of the considered market segments.

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Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023: Ken Research

Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023: Ken Research

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Mobility as a Service Market Global Trends, Growth, Opportunities, Market Size Forecast to 2028|Major Competitors Velocia, Communauto, Beijing Xiaoju Technology Co, Ltd., Citymapper Limited, Cubic Corporation, innovation in traffic systems SE, Mobilleo, BRIDJ Pty Ltd, MOTIONTAG GmbH

Mobility as a service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to global mobility as a service market This mobility as a service market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the mobility as a service market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Mobility as a service is a consumer-centric model for providing transportation for people. Mobility as a service is also known as MaaS and sometimes referred to as transportation as a service (TaaS). Mobility as a service is the integration of transport methods such as car and bike sharing, taxis and car rentals/leases through digital channels which enables consumers to plan, book and pay for multiple types of mobility services. The main concept of developing MaaS is to offer travellers mobility solutions based on their travel needs. The rising urbanization and smart city initiatives are driving the mobility as a service market growth with increased demand for advanced products having enhanced connectivity and performance. The market players have to meet the regulatory standards of each country in which they are selling their products which is limiting the mobility as a service market growth. The growth of electric vehicles for comfortable and clean transport at a lower cost is creating opportunity for the mobility as a service market. The low awareness of the lifetime cost of private vehicles and service ownership is going to be a major challenge for the mobility as a service market.

Global Mobility as a Service Market, By Service Type (Car Sharing, Bus Sharing, Train, Ride Hailing, Bi-Cycle Sharing, Self-Driving Cars and Others), Solution (Navigation Solutions, Ticketing Solutions, Technology Platforms, Insurance Services, Telecom Connectivity Providers and Payment Engines), Transportation Type (Public and Private), Vehicle Type (Four Wheelers, Bus, Train and Micro Mobility), Application Platform (IOS, Android and Others), Requirement Type (First and Last Mile Connectivity, Off-Peak and Shift Work Commute, Daily Commuter, Airport or Mass Transit Stations Trips, Inter-City Trips and Others), Organization Size (Large Enterprises and Small and Medium Size Enterprises (SMES)), Usage (Commercial and Personal), Country (U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America) Industry Trends and Forecast to 2028The mobility as a service market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 33.1% in the forecast period of 2021 to 2028 and is expected to reach USD 711,813.29 million by 2028. Growing adoption of service models with payment system is acting as a major factor for the growth of the mobility as a service market.

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Global Mobility as a Service Market Country Level Analysis:

Global mobility as a service market is analyzed and market size information is provided by the country, service type, solution, transportation type, vehicle type, application platform, requirement type, organization size and usage as referenced above. The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

The countries covered in the global mobility as a service market report are the U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, rest of Middle East and Africa, Brazil, Argentina and rest of South America. China dominates the Asia-Pacific mobility as a service market owing to the presence of top mobility as a service (MaaS) providers and the high adoption rate of IoT device for the public across the region. The U.S. is witnessing the expansion of enterprise sector, internet penetration and mobile devices for public segment which is contributing to the growth of the country in the North America mobility as a service market. However, Germany has the growing need of mobility as a service (MaaS) among the business organizations to adhere stringent European government regulations regarding emission control for public which is contributing to the growth of the country in the Europe mobility as a service market.

Mobility as a Service Market Scope and Market Size:

The mobility as a service market is segmented on the basis of service type, solution, transportation type, vehicle type, application platform, requirement type, organization size and usage. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. On the basis of service type, the mobility as a service market is segmented into car sharing, bus sharing, train, ride hailing, bi-cycle sharing, self-driving cars and others. In 2021, ride hailing segment held larger share in the mobility as a service market due to the growing option for booking and comfort which has raise the demand for rail hailing services. On the basis of solution, the mobility as a service market is segmented into navigation solutions, ticketing solutions, technology platforms, insurance services, telecom connectivity providers and payment engines. In 2021, navigation solutions category has accounted for maximum market size due to growing importance of passenger safety and growing concern for minimizing travelling time has increase the demand for navigation solutions. On the basis of transportation type, the mobility as a service market is segmented into public and private. In 2021, public category has accounted for maximum market size due to rising vehicle traffic which has increase the demand for mobility services.

The major players covered in the global mobility as a service market report are Moovit Inc. (a subsidiary of Intel Corporation), UbiGo Innovation AB, MaaS Global Oy, SkedGo Pty Ltd, moovel Group GmbH (a subsidiary of Daimler AG), Velocia, Communauto, Beijing Xiaoju Technology Co, Ltd., Citymapper Limited, Cubic Corporation, innovation in traffic systems SE, Mobilleo, BRIDJ Pty Ltd, MOTIONTAG GmbH, ANI Technologies Pvt. Ltd., Splyt Technologies Ltd., BlaBlaCar, Lyft, Inc., Uber Technologies, Inc., Curb Mobility, GREENLINES TECHNOLOGY INC., EasyMile, Ridecell, Inc, Zoox, Inc. (a subsidiary of Amazon.com, Inc.), Maxi Mobility S.L., Gett, Bolt Technology OÜ among other global and domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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The key questions answered in this report:

What will be the Market Size and Growth Rate in the forecast year?

What is the Key Factors driving Laser Mobility as a Service Market?    

What are the Risks and Challenges in front of the market?

Who are the Key Vendors Mobility as a Service Market?  

What are the Trending Factors influencing the market shares?

What is the Key Outcomes of Porter’s five forces model

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