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 with MarketStudyReport, global mobility on demand market valuation is anticipated to surpass USD 250 billion by 2026.
 

Escalating demand for alternative transportation modes over private vehicles, expanding worldwide travel & tourism sector and rise in working population are boosting the growth of global mobility on demand market.
 

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Furthermore, automotive manufactures are opting to collaborate with industrial entities for launching various ride hailing, car sharing, and car rental platforms to cater to growing consumer demand, thus fueling overall market progression.
 

In addition, factors such as increasing number of internet & smartphone users in developing countries, rising adoption of car rental services in airports and decrease in travelling costs are augmenting the industry outlook. Besides, technological advancements and government incentives to promote the usage of these mobility options are further boosting market expansion.
 

On the contrary, lack of flexibility, inadequate transportation infrastructure, and rising data and application security concerns are likely to hamper the remuneration scope of global mobility on demand market in the upcoming years.
 

Regionally, North America captured a significant market share in 2018 and is slated to expand at a notable CAGR over the analysis timeline. This can be ascribed to the presence of leading market players and large consumer base majorly comprising of the millennial generation which has higher inclination towards using on-demand mobility. 
 

Zipcar, Inc., Uber Technologies, Inc., Sixt SE, ORIX Corporation, Lyft, Inc., Localiza Rent a car SA, Hertz Corporation, GrabTaxi Holdings Pte. Ltd., Gett, Inc., Getaround, Inc., Europcar Mobility Group, Easy Taxi Servicos LTDA, Drivy SAS, DriveNow GmbH & Co. KG, Didi Chuxing Technology Co., Communauto, Inc., Cityhop, Car2go N.A. LLC, Cambio CarSharing, Maxi Mobility SL (Cabify), and Avis Budget Group, Inc. are the major players operating in global mobility on demand market.