DUBLIN–(BUSINESS WIRE)–The “Corporate Employee Transportation Service Market – Growth, Trends, COVID-19 Impact, and Forecast (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The Corporate Employee Transportation Service Market is valued at USD 27.8 billion in 2020 and is expected to reach USD 42.19 billion by 2026, growing at a CAGR of 5.44% over the forecast period.
Companies Mentioned
- Busbank (Global Charter Services Ltd.)
- Transdev
- Prairie Bus Line Limited
- Move-In-Sync
- First Class Tours
- Janani Tours
- Shuttl
- Eco rent a car
- Sun Telematics
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 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.
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.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Ownership
5.1.1 Company Owned Transportation Service
5.1.2 Outsourced Transportation Service
5.1.3 Rentals
5.1.4 Pick and Drop Transportation Service
5.2 Passenger Vehicle Type
5.2.1 Cars
5.2.2 Vans
5.2.3 Bus
5.3 Service Type
5.3.1 Mobility as a Service (MaaS)
5.3.2 Software as a Service (SaaS)
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 Rest of Asia-Pacific
5.4.4 Rest of the World
5.4.4.1 Brazil
5.4.4.2 United Arab Emirates
5.4.4.3 Saudi Arabia
5.4.4.4 Other Countries
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Busbank (Global Charter Services Ltd.)
6.2.2 Transdev
6.2.3 Prairie Bus Line Limited
6.2.4 Move-In-Sync
6.2.5 First Class Tours
6.2.6 Janani Tours
6.2.7 Shuttl
6.2.8 Eco rent a car
6.2.9 Sun Telematics
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/3rhyro
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