Press release
The Demand For Ride-Sharing Market is expected to grow rapidly over the next five years…
Ride-Sharing Industry Overview
Ride sharing service platforms connect drivers and vehicles with customers at an agreed price between the driver and customer. In this service, customers use an application on their smartphones to request a ride at a specific time and place. The application request entails certain steps such as actual & expected pricing of a ride, location of the driver, and possible wait time. Ride sharing service platforms allow customers and drivers to contact each other without providing personal information through the use of GPS. Upon reaching the destination, the customer is prompted to complete the ride and pick a payment method.
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The global ride sharing market is expected to grow at a CAGR of 20.24% during the forecasted period, 2019–2026.
The Ride-Sharing Market is segmented into different sections such as by type, by application, by end users, and by regions. The report about the Ride-Sharing industry covered the markets by analyzing the top players participating in the market. To make this report an exceptional one, several parameters are models are used which include SWOT analysis, Porters five force model, and pestle analysis.
Development in technology and innovations have created an educated workforce which ultimately witnessed in increasing per capita income and this particular factor has positively impacted on the growth of the Ride-Sharing market since the past few years.
Top Market Key Players:
Some of the key players operating in the ride sharing market include Uber Technologies Inc., BlaBlaCar, Inc., ANI Technologies Pvt. Ltd. (OLA), Wingz, Lyft, Inc., Grab, Careem, Curb Mobility, Taxify OÜ, Gett, Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing), and Cabify. These players strive to recognize the evolving demand in developing countries and expand their strategies appropriately to enhance their foothold in the market.
In December 2018, Waymo LLC, a fully self-driving technology provider, launched ‘Waymo One’, the first self-driving car that provides commercial ride-share service, in the U.S. The company developed this technology in collaboration with Google’s self-driving car project.
ANI Technologies Pvt. Ltd. (OLA) has been providing ride sharing services for passengers in Auckland, Wellington, and Christchurch, New Zealand since November 2018. In December 2018, around 50,000 South Korean cab drivers went on a strike nationwide against Uber car sharing services.
Segmentation of Ride-Sharing Market:
By Service Type, E-hailing, Ride Sharing, Car Rental, Station-based Mobility, By Sharing Type, P2P, Corporate
By Vehicle Type, ICE Vehicles, CNG/LPG Vehicles, Electric Vehicles,
By Travel Mode, Inter-City, Outstation,
By Data Service, Information service, Navigation, Payment, Others
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The competitive landscape:
The competitive landscape of the Ride-Sharing market is a highly crucial section of the report that creates a firm portrait of the market’s key players and their rivalries. A reader can evaluate their position in the market by using this scale of reference, while extensively planning their future movements to counter the movements of the other players in the same areas. This segment provides updated details on companies profiles, business strategies, financial statistics, growth rate and the future scenario for the key leading players in the market, along with the ones that indicate the most positive growth rates.
Ride-Sharing Market Report Highlights:
Ride-Sharing Market Dynamics (Trends, Drivers, Restraints)
SWOT Analysis
Distribution Channel Analysis
Import/Export Strategies
Product Benchmarking and Pricing Analysis of Key Industry Players
Policy & Regulation.
Why Buy This Report?
Historical inferences, findings & analysis of the Ride-Sharing market from 2016 to 2018
Projections and performance forecast analysis from 2019 to 2026
Production and consumption point of view (POV) analysis
Ride-Sharing Market drivers, restraint and opportunity analysis, to define Ride-Sharing market dynamics covering industry, regulatory, innovation, technological & pricing trends
Comprehensive competitive landscape mapping with recent development covering market competency, leadership, prospects, and sustainability.
In the end, this report discusses the key drivers influencing the market growth, opportunities, challenges and the risks faced by key players and the Ride-Sharing market as a whole. Additionally, It analyzes the emerging trends and their impact on present and future market statistics and development.
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Straits Research is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports.
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