Ride Sharing Market to Surge at a CAGR of 19.75% by 2026 According to new research profiling Uber Technologies Inc., Beijing Xiaoju Technology Co Ltd., Lyft Inc., Volkswagen AG, Gett,TomTom International BV., Grab, Aptiv, BlaBlaCar, DENSO CORPORATION

Market Analysis: Global Ride Sharing Market

Global Ride Sharing Market was valued at an estimated USD 60.88 billion in 2018; this value is expected to grow to USD 257.44 billion by 2026, registering a CAGR of 19.75% in the forecast period of 2019-2026.

The market studies, cognizance, and analysis executed in this Ride Sharing Market research report keeps commercial center unmistakably into the center which accomplishes a business objective. It comprehensively assesses general economic situations, the development prospects in the market, potential limitations, noteworthy industry patterns, market estimate, market share, deals volume and future patterns. This report likewise contains the organization profiles of the top players and brands and their ongoing advancements, item dispatches, joint endeavors, mergers and allegations by the top brands and players.

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So, what is ridesharing? Ridesharing, by definition, is any means of transportation in which multiple people use the same car, truck, van, or vehicle to arrive at a similar destination. Ridesharing can include carpooling and sharing taxis, as well.

Companies such as Lyft and Uber fall under the umbrella of ridesharing. More specifically, these services are often called real-time, on-demand, or peer-to-peer ridesharing. This means that the user of the service can request transportation in real-time. Once the driver receives your information and location, they head to your destination to provide transportation.

Key Market Competitors: Ride Sharing Market

• ANI Technologies Pvt. Ltd.
• Uber Technologies Inc.
• Beijing Xiaoju Technology Co Ltd.
• Lyft Inc.
• Volkswagen AG
• Gett
• TomTom International BV.
• Grab
• Aptiv
• BlaBlaCar,
• DENSO CORPORATION
• Waymo LLC
• car2go NA LLC
• Mobileye
• Maxi Mobility S.L.
• Taxify OÜ
• Ridecell Inc,
• GoGet Carshare
• Careem and Easy Taxi Serviços LTDA.

Market Definition: Ride Sharing

Ride sharing can be defined as a facility, which is used to transport the consumers and riders from one place to another. This service is usually availed over the internet in which the consumers book their rides and avail the transportation. It is benefitting to the environment as well as the consumers as it usually involves more than one rider in the same vehicle.

Market Drivers:

• Increasing adoption of smartphones and availability of ride-sharing facilities available over the internet
• Increased benefits associated with the usage of the facility

Table of Content:

• Part 01: Executive Summary
• Part 02: Scope of The Report
• Part 03: Global Ride Sharing Market Landscape
• Part 04: Global Ride Sharing Market Sizing
• Part 05: Global Ride Sharing Market Segmentation by Product
• Part 06: Five Forces Analysis
• Part 07: Customer Landscape
• Part 08: Geographic Landscape
• Part 09: Decision Framework
• Part 10: Drivers and Challenges
• Part 11: Market Trends
• Part 12: Vendor Landscape
• Part 13: Vendor Analysis

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Market Restraints:

• Variations in standards and regulations in the different regions of the world
• High levels of competition present in the form of traditional and conventional transport methods

Segmentation: Global Ride Sharing Market

By Type

(P2P Car Sharing, Corporate Car Sharing)

Service Type

(E-Hailing, Car Rental, Car Sharing, Station-Based Mobility)

Vehicle Type

(CNG/LPG Vehicles, ICE Vehicles, EV, Micro-Mobility Vehicles)

Data Service

(Navigation, Information Service, Payment Service, Others)

Distance

(Long Distance, Short Distance)

Geography

(North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Key Developments in the Market:

• In October 2018, Volkswagen AG and Mobileye announced their intentions to launch a commercialized autonomous ride sharing services in Israel by 2019. In the partnership, Volkswagen will provide Mobileye with a fleet of electric vehicles and Mobileye will be responsible for the installation and maintenance of the self-driving technology.
• In September 2018, Aptiv announced the launch of a fleet consisting of 30 autonomous vehicles to be used in the Lyft Inc.’s business operations. This partnership will provide the riders’ option to avail the driver-less ride sharing service of the vehicles equipped with Aptiv’s autonomous driving system.
• In December 2017, DENSO CORPORATION announced that they had acquired a significant share in Ride cell Inc. With the help of this acquisition, DENSO has announced their intentions to invest into the ride-sharing business operations.
Competitive Analysis: Global Ride Sharing Market
Global ride sharing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ride sharing market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report

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• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
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• The latest developments, market shares, and strategies that are employed by the major market players

Key insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

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