HOME Research Insight Uber Technologies Inc. (U.S.) and Delphi Automotive Plc (U.K.) are the Leading Player in the Mobility on Demand Market

Uber Technologies Inc. (U.S.) and Delphi Automotive Plc (U.K.) are the Leading Player in the Mobility on Demand Market

The growing need for personal mobility in the wake of rising urbanization and a fall in car ownership is driving the demand for mobility on demand. By using transportation network systems, mobility on demand services provide convenient access to personal mobility, whenever and wherever needed. The mobility on demand market is projected to grow at a CAGR of 19.81% during the forecast period, to reach USD 276.00 Billion by 2025.

The key strategies adopted by major players to gain traction in the market are partnerships, joint ventures, and supply contracts. Partnership was a rather popular strategy, accounting for approximately 33% of all the strategies adopted by companies.

Uber Technologies Inc. (U.S.) and Alipay.com (China) announced a global partnership to enable Chinese travelers to pay for Uber rides via Alipay. It will make international travel convenient for Alipay’s over 450 Million active users. Additionally, Intel Corporation (U.S) partnered with Mobileye (Israel), a manufacturer of automotive sensors, to develop a vehicle platform for autonomous vehicles. The second most widely followed strategy was investments and expansions. Didi Chuxing (China) has received a USD 1 Billion investment from Apple (U.S). Didi Chuxing is using this investment for further expansion in China. Other companies that adopted this strategy include Delphi Automotive PLC (U.K.), BMW Group (Germany), Toyota Motor Corporation (Japan), and General Motors (U.S.).

The mobility on demand market is dominated by a few global players, and comprises several regional players. Uber Technologies Inc. (U.S.) is a leading player in the market. The company offers mobility on demand services for different segments such as premium and economy. The company also provides enterprise mobility solutions, carpooling, and food delivery services.

The key strategy followed by the company is expansion. It is increasing its presence in various regions such as Europe, the Americas, Asia, Africa, and the Middle East, among others. Uber is present in more than 400 cities of more than 70 countries. Uber is also focusing on inorganic growth through mergers & acquisitions. Uber has acquired Otto, a self-driving technology company, in August 2016 to accelerate its efforts to develop self-driving technology for vehicles.

Delphi Automotive Plc (U.K.) is focusing on developing autonomous driving technology that has the potential to change the landscape of the mobility on demand market. Delphi Automotive Plc, in partnership with the Singapore Land Transport Authority, will launch a small test fleet of automated taxis in Singapore in 2017. Delphi is expected to launch driverless ride-sharing pilots in Europe and the U.S. By 2022 the company is planning to commercially launch its driverless service.

Related Reports:

Mobility on Demand Market by Service Type (e-Hailing, Car Sharing, Station-Based, Car Rental), Data Service (Navigation, Information, Payment), Connectivity (3G, 4G, 5G, Wi-Fi, and V2V, V2I, V2P, V2N), Vehicle Type, and Region - Global Forecast to 2025

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