The Corporate Employee Transportation Service Global Market Report 2023 by The Business Research Company, provides corporate employee transportation service market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Corporate Employee Transportation Service Global Market Report 2023, the market size declined from $29.48 billion in 2022 to $28.56 billion in 2023 at a compound annual growth rate (CAGR) of -3.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global corporate employee transportation service market is expected to grow to $36.78 billion in 2027 at a CAGR of 6.5%.
Growing corporate office presence in the Asia-Pacific region is expected to propel the growth of the corporate employee transportation services market going forward. A corporation's main place of business is regarded as a corporate office. Corporate employee transportation services provide transportation services for the employees working in the corporate offices, as a result, the growing corporate office increases the demand for the corporate employee transportation services market.
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The corporate employee transportation service market is segmented:
1) By Ownership: Company-owned Transportation Service, Outsourced Transportation Service, Rentals, Pick and Drop Transportation Service
2) By Passenger Vehicle Type: Cars, Vans, Bus
3) By Service Type: Mobility as a Service (MaaS), Software as a Service (SaaS)
Top Major Players
1. Busbank
2. Transdev
3. Prairie Bus Line Limited
4. Move-In-Sync
5. First Class Tours
Technological advancements have emerged as a key trend gaining popularity in the corporate employee transportation service market. Major companies operating in the corporate employee transportation service market are adopting new technological solutions to sustain their position. With the use of traveler monitoring technology, the company, as well as the provider, may track and contact employees in an emergency with one click. Agents can manage fewer invoices and data sources by using virtual payments to store all trip information in one location. For instance, in August 2021, CNH Industrial, a UK-based provider of equipment and services company, launched MYshuttle! to provide corporate mobility services to complement Turin's public transportation. It is available for employees of the North Torino District, in northern Italy. MYshuttle! is based on technology from Via, a leader in transit technology. As a result of Via's proprietary technology, multiple passengers headed in a similar direction can be grouped into one vehicle, further reducing the environmental impact.
The Corporate Employee Transportation Service Market report table of contents includes:
1. Executive Summary
2. Corporate Employee Transportation Service Market Characteristics
3. Corporate Employee Transportation Service Market Trends And Strategies
4. Corporate Employee Transportation Service – Macro Economic Scenario
5. Corporate Employee Transportation Service Market Size And Growth
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26. Africa Corporate Employee Transportation Service Market
27. Corporate Employee Transportation Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Corporate Employee Transportation Service Market
29. Corporate Employee Transportation Service Market Future Outlook and Potential Analysis
30. Appendix
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