Alternate Transportation Market By Type (Sharing, Renting), By Booking Type (Online, Offline), By Commute Type (Intracity, Intercity), By Vehicle Type (Cars, Motorcycles, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The report incorporates the study of the global alternate transportation market that focuses on the type of public transportation services. Alternate transportation means transportation by bus, rail, or any publicly or privately owned conveyance that regularly provides the public general or particular service, including sightseeing. Carpooling & ride sharing are essential alternate transportation services that offer no parking trouble, affordable pick-up and drop facility, easy booking options, and low carbon footprints. Customers can book a ride via a smartphone app, website, text message request, phone calls, or by visiting the service provider’s location. Currently, the alternate transportation market is proliferating on a global level. Many leading players have already entered the market and acquired a remarkable position in the market. For instance, car rental players are using car rental management software to provide better services and automate the alternate transportation business. The car rental management software minimizes the management task and boosts operating efficiency. Further, this management software also provides fleet optimizations, advanced pricing management, and custom reports, which help car rental companies grow their alternate transportation business.
The factors such as rise in trend of on-demand transportation services, increase in cost of vehicle ownership, and rise in in demand from online booking channels supplement the growth of the alternate transportation market. However, low rate of internet penetration in developing regions and resistance from local transport services, coupled with varying government regulations in different countries are the factors expected to hamper the growth of the alternate transportation market. In addition, emergence of eco-friendly electric cab services and adoption of car rental management software creates market opportunities for the key players operating in the alternate transportation market.
For the purpose of analysis, the global alternate transportation market is segmented on the basis of type, booking type, commute type, vehicle type, and region. By type, the market is divided into sharing and renting. By booking type, it is fragmented into online and offline. By commute type, it is categorized into intracity and intercity. By vehicle type, it is further classified into cars, motorcycles, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the alternate transportation market are AECOM, AeroMobil, AeroVironment, Inc., Alternative Transportation Systems, LLC, Autel Robotics, Baidu, Inc., Carzonrent India Pvt Ltd., Delft Hyperloop, ANI Technologies Pvt. Ltd. (OLA), Kespry, Blablacar, Lockheed Martin Corporation, NuTonomy, SpaceX, Tesla, Inc., Virgin Hyperloop, and Yuneec Holding Ltd.
Key Benefits For Stakeholders
-This study presents analytical depiction of the global alternate transportation market analysis along with current trends and future estimations to depict imminent investment pockets.
-The overall alternate transportation market opportunity is determined by understanding profitable trends to gain a stronger foothold.
-The report presents information related to the key drivers, restraints, and opportunities of the global alternate transportation market with a detailed impact analysis.
-The current alternate transportation market is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
-Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Type
- Sharing
- Renting
By Booking Type
- Online
- Offline
By Commute Type
- Intracity
- Intercity
By Vehicle Type
- Others
- Cars
- Motorcycles
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Rest of Europe
- UK
- Germany
- France
- Russia
- Spain
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- AECOM
- AeroMobil
- AeroVironment, Inc.
- Alternative Transportation Systems, LLC
- Autel Robotics
- Baidu, Inc.
- Carzonrent India Pvt Ltd.
- Delft Hyperloop
- Kespry
- Lockheed Martin Corporation
- NuTonomy
- SpaceX
- Tesla, Inc.
- Virgin Hyperloop
- Yuneec Holding Ltd.
- ANI Technologies Pvt. Ltd. (OLA)
- Blablacar