Difference between on demand transportation and transportation

MARKET INTRODUCTION

The on-demand transportation is an internet-based service that is utilized to book means of transportation in return for money, based on the distance and time it is used for. The various types of vehicles, such as commercial vehicles or passenger vehicles, can be reserved or booked through on-demand transportation services as per the requirement of the consumer. Additionally, the service is very popular in urban areas, due to high dependency on internet-based services and high digitalization.
on-demand transportation


MARKET DYNAMICS

The lower-middle-class population mainly drives the on-demand transportation services due to its low per capita income. The increase in tourism and the working-class population fixed with the growing trend of road trips is powering the on-demand transportation market significantly. The increasing traffic congestions owing to augment in the number of cars is likely to boost the development of the on-demand transportation market.

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