Ride Sharing Market Size & Share - Industry Trend and Forecast 2017 - 2025

The report analyzes and presents an overview of "Ride Sharing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" worldwide.

The main objective of this report is to define, describe, and forecast the global “Ride Sharing” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Global Ride Sharing Market: Overview

The degradations in environment are apparent as pollution mounts to new levels in several cities. Moreover, not all can afford personal ride for daily travels. As a result, efforts for energy efficiency or measures that are ecofriendly have turned into a trend that is engulfing all. Urban populations are now well aware of depleting resources of fossil fuel and their harmful repercussions, and are pledging for their share to protect the environment. One of the key efforts by common and responsible citizens of a number of countries is to share rides, also known as carpooling. Ride sharing not only helps in reducing energy consumption and does so without extra pollution. Additionally, the concept is cost efficient for people who have to travel to similar or same destinations to and fro over the week. As per the findings of this market research report, the user penetration is expanding and the demand in the global ride sharing market will increment at a formidable CAGR during the forecast period of 2017 to 2025.

Global Ride Sharing Market: Key Research Aspects

This ride sharing market business intelligence report is a comprehensive assessment of all important factors that will ensure a healthy demand in the near future. Developed using proven research methodologies and by professional research analysts, the report aspires to serve as a credible organization decision making tool for its targeted audiences. The report provides assessment of the ride sharing market during the period of 2014 to 2024, wherein 2016 has been taken as the base year whereas the duration of 2017 to 2024 is the forecast period. Historical data has been included in order to represent how the profitably the demand in this market has evolved in the recent past. The report highlights every important factor such as trend, drivers, opportunities, and restraints anticipated to affect the market’s overall growth over the course of the aforementioned forecast period. In terms of US$ million revenue estimations, the study provides a holistic perspective on the ride sharing market growth across the regions of Latin America, North America, The Middle East and Africa, Europe, and Asia Pacific (APAC).

Global Ride Sharing Market: Drivers and Restraints

Apart from aforementioned factors, the furiously harness concept of autonomous or self-driving cars is expected to open potential new opportunities in this market. One of the example of consistent technological advancement of impending program called Easy Ride, a mobility service currently being developed by the collaboration of Nissan and Yokohama, with a scheduled start from March 2018. While there are plenty of green signals that will drive the ride sharing market, quite a few factors are obstructing it from being ubiquitous. Frequently, ride sharing does not comply with practical usages of individuals, be with regarding traveling with family or in privacy, differences in destinations and timings, and traffic factors.

Global Ride Sharing Market: Competitive Landscape

Although Uber and Lyft have been quite successful in arranging rides and expanding in several emerging economies, a number of newer players are making a foray into the ride sharing market and eating into the global shares. Players such as Ola and domestic taxi services are also expected to hold a considerable share of the market over the course of the forecast period

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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