Ride Sharing Market was valued at USD 100.55 Billion in 2022, and it is expected to reach USD 305.43 Billion by 2029, exhibiting a CAGR of 17.2 % during the forecast period (2023-2029)
Ride Sharing Market Overview
The total global market for the Ride Sharing Market was valued at USD in 2022 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2029. The report delivered by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning.
Ride Sharing Market Report Scope and Research Methodology
The report gives a detailed analysis of the market and contains meaningful insights, facts, historical data and statistically supported and industry-validated market statistics on Ride Sharing. The report covers the Ride Sharing market share and rival sector and an analysis of the major vendors and leading regions. The report also provides the Ride Sharing market’s present size, growth rates, and company profiles of the top players and producers. An in-depth analysis of the regional environment is involved, along with information on the potential, important growth indicators, geographical challenges, and threats facing the market. The segment-wise analysis is divided into and
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The bottom-up approach was used to estimate the Ride Sharing market size. The key players in the market are identified through primary and secondary research based on indicators including market revenue, price, services offered, advancements, mergers and acquisitions, and joint ventures. The report presented the PORTER, SWOT and PESTLE five force analysis with the potential impact of micro-economic factors of the Ride Sharing market. SWOT analysis is used to identify the threats and weaknesses of the market. PORTER is used to employ the competitive intensity of the industry in the Ride Sharing market.
Ride Sharing Market Regional Insights
The analysis of the regions is conducted at a local and country level. The Regional Analysis provides the Ride Sharing market status of various countries included in the report. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Ride Sharing market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Ride Sharing Market Segmentation
by Service Type
• E-hailing
• Car sharing
• Station-based mobility
• Car rental
Based on Type, the e-hailing segment will hold a major share in the global market during the forecast period. E-hailing ride services provide transportation to clients by contracting or employing a personal driver. Furthermore, rising demand for e-hailing services as a result of increased government attempts to promote public awareness about air pollution, passenger comfort, increasing traffic congestion, and convenience of booking are driving demand for Ride Sharing, particularly e-hailing. Rides in e-hailing ride services are pre-booked and paid for using the transportation network company’s smartphone app. Uber, Ola, Lyft, and Gett are all major participants in the ride-hailing industry. For example, Didi Chuxing, a top ride-hailing business, acquires 99, Brazil’s biggest ride-hailing app. Through activities and partnerships, the corporation invests in smart mobility services and Al capabilities. BMW, for example, has created the car-sharing service Reach Now, which features BMW 370 series vehicles for short and long-term rental and delivery services.
by Business Model
• P2P car sharing
• Corporate Car Sharing
Based on Business Model, P2P segment dominated the market in 2022 and is expected to dominate during the forecast period. P2P car sharing is a sort of vehicle sharing in which individuals share their vehicles with other passengers. In addition, the P2P model places the owner in the car during the journey. The popularity of peer-to-peer automobile sharing is growing. A car becomes an asset that costs the owner a lot of money to drive in; one may save money by driving with other people and splitting the gasoline expenses or charging the customer accordingly. The primary motivators for peer-to-peer vehicle sharing are ease and availability, financial savings, and enhanced mobility alternatives. The introduction of additional platforms for peer-to-peer ride sharing has considerably expanded the reach of the shared commute concept among ordinary commuters. Increased smartphone penetration and consumer awareness of the dangerous environmental impact of rising emissions have considerably encouraged shared travel as a viable alternative to private commute.
by Vehicle Type
• Sedan/Hatchback
• UV
• Van
• Buses & Coaches
• Bikes
• Electric Vehicle
by Target Audience
• Corporate
• Families
• Daily commuters
• Others
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Ride Sharing Market Key Players
• Uber Technologies Inc (US)
• Lyft, Inc (US)
• Wingz, Inc (US)
• Curb Mobility (US)
• GoKid Corporation (US)
• Via Transportation, Inc. (US)
• Hertz Corporation (US)
• AVIS Budget Group (US)
• Hitch Technologies, Inc (US)
• Flywheel (US)
• Ziro (US)
• Alto (US)
• Turo (US)
• BlaBlaCar (France)
• Gett (UK)
• Cabify (Spain)
• Bhuumi Ride (India)
• OLA Cabs (India)
• DiDi Global Inc (China)
• Grab (Singapore)
• Bridj (Australia)
• Bolt Technology OÜ (Estonia)
• GO-JEK (Indonesia)
• Angkas (Philippine)
• SafeBoda (Uganda)
Key questions answered in the Ride Sharing Market are:
- What is Ride Sharing?
- What are the global trends in the Ride Sharing Market?
- What was the Ride Sharing market size in 2022?
- Which trends are expected to generate additional revenue for the Ride Sharing market growth?
- What recent industry trends have been implemented to generate additional revenue streams for the Ride Sharing Market?
- How is the intervention from regulatory authority shaping the Ride Sharing Market?
- What growth strategies are the players considering to increase their presence in the Ride Sharing Market?
- Who held the largest market share in the Ride Sharing Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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