Corporate Employee Transportation Service Market Overview
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 ease of booking, pre-estimated fee, comfortable 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. In December 2021, Transdev launched the largest electric bus fleet in the Nordic region in Gothenburg, Mölndal, and Partille with a total of 145 electric buses on behalf of Västtrafik. According to Västtrafik’s forecasts, emissions of the health-damaging nitrogen oxides in bus traffic have almost halved, from 108 tons in 2020 to 58 tons in 2021 since the launch.
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Corporate Employee Transportation Service Market - Geographical Overview
Asia-Pacific region is expected to witness the 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 a wide number of employees. Moreover, the presence of cheap labor in countries like India, Japan, China, etc. is likely to boost demand for corporate transportation services in the region over the forecast period. 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 route optimization, employee commute record, recording, and route tracking.
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Recent Developments in the Corporate Employee Transportation Service Market
- 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.
- In October 2021, Shuttl, a bus aggregator for office commute, was acquired by Online bus ticketing startup Chalo in an all-cash deal. The amount was not disclosed. The acquisition enables Chalo to accelerate its plans for international expansion as Shuttlalready has a presence in Bangkok, as well as enter large Indian metro cities that Chalodid does not have a presence in so far.
- 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.
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List of Key Players in the Corporate Employee Transportation Service Market
- 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
*List Not Exhaustive
Mordor Intelligence has segmented the global corporate employee transportation service market based on ownership, passenger vehicle type, service type, and geography:
- Ownership (Market Size & Forecast based on Revenue (USD billion), 2018-2027)
- Company Owned Transportation Service
- Outsourced Transportation Service
- Rentals
- Pick and Drop Transportation Service
- Vehicle Type (Market Size & Forecast based on Revenue (USD billion), 2018-2027)
- Cars
- Vans
- Bus
- Service Type (Market Size & Forecast based on Revenue (USD billion), 2018-2027)
- Mobility as a Service(MaaS)
- Software as a Service (SaaS)
- Geography (Market Size & Forecast based on Revenue (USD billion), 2018-2027)
- North America
- United States
- Canada
- Rest of North America
- Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Rest of the World
- Brazil
- United Arab Emirates
- Saudi Arabia
- Other Countries
- North America
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