1. Home
  2. > Transportation Market Trends
Corporate Employee Transportation Service Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

Corporate Employee Transportation Service Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

  • March 2022
  • 95 pages
  • ID: 6192787
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The Corporate Employee Transportation Service Market was valued at USD 32.38 billion in 2021 and is expected to reach USD 44.48 billion by 2027, growing at a CAGR of 5.44% over the forecast period.

The COVID-19 pandemic hindered the market as many companies resorted to working from home which resulted in less employee transport during the period. However, as economies are recovering post lockdown it is expected that return to office would offer transportation service operators with many opportunities in coming years.

Employee Transportation Services are growing in popularity as people become more conscious of the importance of upgraded transportation safety measures. Also, to minimize time and effort to travel to work employees are opting for transportation providers due to affordable prices offered by them.

Rising incidents of unavailability of transport, assaults, rude behavior, high charges in ride hailing and ride sharing vehicles has left companies to think about the safety of their employees. This factor is also responsible for driving the market growth.

Asia Pacific expected to dominate the market due to growing corporate offices presence in the region as substantial number of North American and European MNCs are setting up offices, factories, warehouses, and plants in countries such as India, China, Philippines, etc. due to increasing demand of goods and cheap labor.

Key Market Trends

Increasing Internet Usage and Technological Advancements to Drive Demand in the Market

With increasing usage of internet among the world population, markets like transportation services, vehicle rentals etc. have been largely benefited in their business operations in the recent years. The ease of booking, pre-estimated fee, comfort journey, timely arrival, and quick payment options are the few factors that have been driving the markets like shared mobility and employee transportation services worldwide.

Among the internet-based business sectors, the transport industry has been tremendously leading by covering majority share of the the digital economy. With growing online platforms and increasing competition among operators in the market, the need for quick action and resolution of issues has been the most crucial factor for the companies to sustain their business in the current competition.

Due to the inherent nature of operations, there exists a high level of dependency and reliance on internet. For companies having a multi-city presence, especially, that more internet users are required than necessary. More often, due to this reason, companies accept differential pricing arrangements within and/or across locations, and struggle to exercise higher bargaining power with vendors.

Technological development in transportation services by integrating features like live tracking, cashless payments, cancellations, real-time monitoring of the vehicle etc. are other reasons for choosing these services. Morever, Emergence of IT and other technology sectors towards end of last century around the world, demands necessity for flexible working and operations. Such operation has given opportunities for generation of many associated business and employment to be generated. Employee transportation is one of them which becomes pre-requisite because of statuary regulations in terms of employee safety.

With increasing usage of internet and technological advancements , market is likely to grow at a stable rate for operators, which, in turn, is driving them to maintain sufficient vehicle fleet for their business operations during the forecast period.

Asia-Pacific Region Likely to Dominate the Market

Asia-Pacific region expected to witness fastest and highest growth during the forecast owing to growing corporate companies presence and rising demand for mass transit solutions by the companies to attract wide number of employees. Moreover, presence of cheap labor in countries like India, Japan, China, etc. likely to boost demand for corporate transport services in the region over the forecast period. For instance,

In 2020, the total labor force in Japan was composed of approximately 68.7 million people. Despite Japan’s aging population, the labor force increased from 2000 by more than half a million people.

Moreover, in order to capture growing market share in the region several key players in the market are adopting various growth strategies such as partnerships, collaborations, etc. For instance,

Move-In-Sync, an Indian startup based out of Bengaluru is providing its transport management solution called Employee Transport Solution (ETS) to cab and employee transport fleet operators. The software is installed in the telematics of vehicles, and it syncs with the browser to provide the route optimization, employee commute record, recording, and route tracking.

With the rise in number of employees across the country, the market in focus is expected to witness significant growth during the forecast period.

Competitive Landscape

The market for corporate employee transportation service is a fragmented one with very few players using technological support for fleet management and employee commute management. Many big players are increasing their span of offering apart from using the latest assistive technology. For instance,

In March 2021, Europcar Mobility Group announced the extension of its strategic alliances with ECO Rent a Car in India and Shouqi Car Rental in China for its Europcar® brand. The Group is therefore preparing for the market rebound, renewing these two solid partnerships which will allow the Europcar brand to benefit from the strong inflow of Indian and Chinese tourists throughout the world in the years to come.
In November 2021, Transdev subsidiary, Team Pennine has confirmed its plans to launch an all-new fleet of six high-specification Mellor Strata Ultra buses on five routes serving the Halifax area, delivering the town’s first brand new buses for six years.

Some of the Key players in the market are Bus bank (Global Charter Services Ltd.)?, Transdev?,WeDriveU Inc., Prairie Bus Line Limited?, Move-In-Sync?, and Others.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Inland Water Freight Transport Global Market Opportunities And Strategies To 2031

  • $ 4000
  • January 2023
  • 259 pages

Inland Water Freight Transport Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global ...

  • World
  • APAC
  • Transportation
  • Sea Freight
  • Industry analysis
  • Gross Domestic Product Per Capita
  • Disposable Income

Pentaerythritol Markets in China $ 4000 September 2022


ref:plp2022

Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on