Ride Hailing Services Market is Expected to Witness the Highest Growth by 2023| Major Players include Uber Technologies, Grab, ANI Technologies, Didi Chuxing TechnologyMarket
Ride-hailing service enables passengers to hail a vehicle using online platforms such as Grab, Lyft, Uber, and Ola. It serves as one of the most comfortable means of transportation, as it provides door-to-door services. Moreover, while hailing a ride, information of the passenger and the driver is exchanged, making this service safer than traditional taxi services.
According to a recent report titled, "Ride-Hailing Service Market’ The global ride-hailing service market was valued at $36,450.0 million in 2017, and is projected to reach $126,521.2 million by 2025, registering a CAGR of 16.5% from 2018 to 2025.
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The growth of the global ride-hailing service market is driven by rise in trend of on-demand transportation services, creation of employment opportunities, and low rate of car ownership among millennials. In addition, advancements in connected & automatic vehicles to reduce CO2 emission and substantial increase in sales of these vehicles for the use of ride-hailing services propel the global market growth.
However, low rate of internet penetration in developing regions and the implementation of stringent government policies toward unnecessary hike in service pricing are some of the major restraining factors of this market. Conversely, rise in trend of mobility-as-a-service and increase in users for ride sharing across the globe are anticipated to provide growth opportunities for this market.
Top Key Players in Ride Hailing Services Market:
Uber Technologies (USA)
DiDi Chuxing (China)
Ride Hailing Services Market Key Segment Include:
Segmentation by product type
Segmentation by application
Segmentation by By Regions:
Middle East & Africa
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TABLE OF CONTENT
2019-2024 Global Ride Hailing Services Market Report (Status and Outlook)
1. Scope of the Report
1.1. Market Introduction
1.2. Research Objectives
1.3. Years Considered
1.4. Market Research Methodology
1.5. Economic Indicators
1.6. Currency Considered
2. Executive Summary
2.1. World Market Overview
2.1.1 Global Ride Hailing Services Market Size 2013-2023
2.1.2 Ride Hailing Services Market Size CAGR by Region
2.2 Ride Hailing Services Segment by Type
2.3 Ride Hailing Services Market Size by Type
2.4 Ride Hailing Services Segment by Application
2.5 Ride Hailing Services Market Size by Application
3. Global Ride Hailing Services by Players
3.1 Global Ride Hailing Services Market Size Market Share by Players
3.2 Global Ride Hailing Services Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4. Ride Hailing Services by Regions
4.1 Ride Hailing Services Market Size by Regions
4.2 Americas Ride Hailing Services Market Size Growth
4.3 APAC Ride Hailing Services Market Size Growth
4.4 Europe Ride Hailing Services Market Size Growth
4.5 Middle East & Africa Ride Hailing Services Market Size Growth
5.1 Americas Ride Hailing Services Market Size by Countries
5.2 Americas Ride Hailing Services Market Size by Type
5.3 Americas Ride Hailing Services Market Size by Application
5.4 United States
5.7 Key Economic Indicators of Few Americas Countries
8. Middle East & Africa
9. Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.2 Market Challenges and Impact
9.3 Market Trends
10. Global Ride Hailing Services Market Forecast
10.1 Global Ride Hailing Services Market Size Forecast (2019-2024)
10.2 Global Ride Hailing Services Forecast by Regions
10.3 Americas Forecast by Countries
10.4 APAC Forecast by Countries
10.5 Europe Forecast by Countries
10.6 Middle East & Africa Forecast by Countries
10.7 Global Ride Hailing Services Forecast by Type
10.8 Global Ride Hailing Services Forecast by Application
11. Key Players Analysis
12. Research Findings and Conclusion
• To study and analyze the global Ride Hailing Services market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
• To understand the structure of Ride Hailing Services market by identifying its various sub segments.
• Focuses on the key global Ride Hailing Services players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Ride Hailing Services with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the size of Ride Hailing Services submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.
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Name: Sameer Joshi
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