What's Driving the Ride-Hailing Service Market Growth? Uber, Lyft, Daimler, Grab, ANI, Didi Chuxing

Ride-hailing is a service that allows users to book rides and pay for car services provided by transportation network companies (TNC) such as Ola, Uber, Didi Chuxing, and others through smartphones. Information of passengers is transferred to the driver by using various vehicles connectivity modes such as vehicle to vehicle, vehicle to infrastructure, and vehicle to network.

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The key players operating in the ride-hailing service market are Uber Technologies Inc., Lyft, Inc., Daimler AG., Grab, ANI Technologies Pvt. Ltd., Didi Chuxing Technology Co., nuTonomy, Denso Corporation, TomTom NV, and Gett, Inc.

The global ride-hailing service market has witnessed significant growth over the years, owing to an increase in users of ride-hailing services and on-demand transportation services in developing regions. Moreover, this service is creating new job opportunities across the globe. For instance, Uber launched its services in 30 cities and created around 50,000 job opportunities for drivers, thereby fueling the growth of the market.

The global ride-hailing service market is segmented based on service type, vehicle type, location, end-user, and region. E-hailing, car rental, car sharing, and station-based mobility are studied under the service type segment. On the basis of vehicle type, the market is segregated into a four-wheeler, three-wheeler, two-wheeler, and others. By location type, it is fragmented into urban and rural. Depending on the end-user, it is bifurcated into institutional and personal. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits for Ride-Hailing Service Market :

This study comprises an analytical depiction of the global ride-hailing service market along with current trends and future estimations to depict the imminent investment pockets.

The overall market potential is determined to understand the profitable trends to gain a strong foothold in the market.

The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.

The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the market.

Porter's five forces analysis illustrates the potency of buyers and suppliers.

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Ride-Hailing Service Key Market Segments :

BY SERVICE TYPE
E-hailing
Car Rental
Car Sharing
Station-based Mobility

BY VEHICLE TYPE
Two-wheeler
Three-wheeler
Four-wheeler
Others (Van and Bus)

BY LOCATION TYPE
Urban
Rural

BY END USER
Institutional
Personal

BY REGION
North Americ
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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This release was published on openPR.