Dublin, Sept. 11, 2024 (GLOBE NEWSWIRE) -- The "India Employee Transportation Service Market (2024-2030): Forecast, Analysis, Trends, Companies, Size, Value, Share, Revenue, Growth & Industry: Market Forecast - By Organized v/s Unorganized and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
India's Employee Transportation Service Market has experienced significant growth, driven by the growth of the office sector. The strong performance of the office sector in 2023, marked by near-record office absorption of 59.6 million square feet and a 15% increase in sector transactions from the previous year, reflects a growing demand for transportation services to meet the needs of employees commuting to these workplaces.
Additionally, the projected robust year-on-year growth of the office sector by 20-22% in 2024, as highlighted in the JLL report, indicates further opportunities for employee transportation services.
With increasing office space occupied and businesses expanding, there would be an increasing need for efficient and reliable transportation solutions to facilitate employee commutes. This growth provides a promising outlook for India's employee transportation services sector, emphasising the importance of providing seamless and scalable transportation solutions to support the evolving needs of corporate clients and their workforce.
The Indian Employee Transportation Service Market size is projected to grow at a CAGR of 8.2% during 2024-2030F. India's employment market has undergone a significant transformation in line with the nation's profound economic changes. A substantial portion of the workforce is employed by the services sector, which accounts for over 52% of India's GDP.
India experienced a technological revolution during the 21st century, establishing itself as a global IT hub and driving demand for skilled professionals in software development, data science, and cybersecurity. Recent Nasscom data indicates that the Indian IT-BPM industry employed over 4.5 million people in FY 2022-23.
To cope with shifting employment landscapes, the Indian government has launched programs like Skill India, Start-Up India, and Digital India, aimed at encouraging skill enhancement, entrepreneurial spirit, and digital proficiency among the workforce. The transformation of India's job market, especially the growth in the services and IT sectors, has a direct impact on the demand for employee transportation services. The demand for effective and reliable transportation options for commuting employees grows as more firms expand their operations and employ skilled workers in urban areas.
Market Segmentation by Organized v/s Unorganized
In 2023, the organized segment dominated the India employee transportation service industry due to its reliable, professional, and scalable transportation solutions that align with corporate standards and policies. As a result, more companies are choosing organized transportation services to ensure efficiency, accountability, and improved employee satisfaction.
Key Attractiveness of the Report
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- India Employee Transportation Service Market Overview
- India Employee Transportation Service Market Outlook
- India Employee Transportation Service Market Forecast
- Historical Data and Forecast of India Employee Transportation Service Market Revenues, for the Period 2020-2030F
- Historical Data and Forecast of India Employee Transportation Service Market Revenues, By Organized v/s Unorganized, for the Period 2020-2030F
Market Trends and Evolution
- Company Ranking by Top 3 Key Industries Market Revenue Share in India Employee Transportation Services (Organized)
- Competitors Profiles (Organized)
- Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- Organized
- Unorganized
Key Topics Covered:
1. Executive Summary
2. Introduction
3. India Employee Transportation Service Market Overview
3.1 India Employee Transportation Service Market Revenues, 2020-2030F
4. India Employee Transportation Service Market Key Trends and Evolution
5. India Employee Transportation Service Market Overview, By Organised v/s Unorganised
5.1 India Employee Transportation Service Market Revenue Share, By Organised v/s Unorganised, 2023 & 2030F
5.1.1 India Employee Transportation Service Market Revenues, By Unorganised, 2020-2030F
5.1.2 India Employee Transportation Service Market Revenues, By Organised, 2020-2030F
6. India Employee Transportation Service Market Overview, By Key Metro Cities (Organized)
6.1 India Employee Transportation Service Market Revenue Share, By Key Metro Cities (Organized), 2023 & 2030F
6.1.1 India Employee Transportation Service Market Revenues, By Delhi NCR, 2020-2030F
6.1.2 India Employee Transportation Service Market Revenues, By Mumbai, 2020-2030F
6.1.3 India Employee Transportation Service Market Revenues, By Chennai, 2020-2030F
6.1.4 India Employee Transportation Service Market Revenues, By Kolkata, 2020-2030F
7. Top 3 Key Industries Market Revenue Share in India Employee Transportation Services (Organized), 2023 & 2030
8. India Employee Transportation Service Market Key Performance Indicator
9. Competitor Profiles
- WTi Cabs
- Sea Hawk Travels Pvt. Ltd
- KTC
- RN Cabs Pvt. Ltd.
- REGO
- Urban Cruise
- ECO Mobility
For more information about this report visit https://www.researchandmarkets.com/r/ea1bmz
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