Press release
COVID-19 Impact on Ride Sharing Market to Witness Huge Growth by Key Players: Uber, Lyft, DiDi, Grab, Gett, Ola, BlaBlaCar, Intel, TomTom, Aptiv, Denso and Others.
According to Market Study Report, Ride Sharing Market provides a comprehensive analysis of the Ride Sharing Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Ride Sharing Market. An exclusive data offered in this report is collected by research and industry experts team. This report spread across 60 pages, profiling 11 companies and supported with 30 tables and 12 figures are now available in this research.Get Free Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=3171401
Post-COVID-19, the global Ride Sharing Market size is estimated to be USD 75.39 Billion in 2020 and projected to reach USD 117.34 Billion by 2021, at a Y-O-Y growth of 55.6%. The growing need for personal mobility in the wake of rising urbanization and fall in car ownership are driving the demand for ride sharing.
Top Key Players Profiled in the Ride Sharing Market:
o Uber (US)
o Lyft (US)
o DiDi (China)
o Grab (Singapore)
o Gett (Israel)
o Ola (India)
o BlaBlaCar (France)
o Intel (US)
o TomTom (Netherlands)
o Aptiv (Ireland)
o Denso (Japan)
"Station-based mobility is the fastest growing segment in the global ride sharing market"
The station-based mobility market is expected to grow at the fastest Y-O-Y growth. Governments have incentivized station-based mobility across the world,and dedicated tracks are laid in various countries for station to station mobility. It is necessary to follow social distancing to control the spread of COVID-19, which can be established through station-based mobility.Car sharing is the second fastest growing segment. The growth of car sharing is attributed to its benefits such as getting benefits of a private vehicle without the costs and responsibilities of car ownership.Car sharing companies are entering different markets to expand their services.
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"Navigation service constitutes the largest data service for the ride sharing market globally"
The data services market is completely proportionate to the ride sharing market. Due to COVID-19,the market for ride sharing is expected to show a stagnant or steady growth during 2020.The market for navigation services will experience the same. However, the navigation service segment has the largest market size in data service for the ride sharing market globally. Navigation guides drivers and passengers regarding location and route. Also, mapping and traffic data provides a better user experience.
"Asia Pacific is estimated to be the largest market for ride sharing during the forecast period."
Asia Pacific is expected to lead the ride sharing market in terms of market size. Dense population and increasing urbanization are driving the ride sharing market in the region. Increasing urbanization leads to traffic congestion,and increasing population boosts the demand for different mobility options in urban areas. E-hailing services such as app-based taxi services, car sharing services, and station-based mobility are expected to flourish in this region because of the increasing population of urban areas.
Competitive Landscape And Covid-19
1 Introduction
1.1 Ride Sharing Companies & Impact On Their Ecosystem
2 Precautionary Measures For Covid-19 By Key Mobility Service Providers
2.1 Right-To-Win - During Covid-19 Period
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Reason to access this report:
o Ride sharing market size, by service type: The report offers in-depth market sizing and forecasts up to 2021, on the basis of service types, such as e-hailing, car sharing, station-based mobility, and car rental. The market sizing for service type is covered at country and regional levels,considering detailed impact analysis of COVID-19.
o Ride sharing market size, by car sharing type: The report offers in-depth market sizing and forecasts up to 2021, on the basis of car sharing type, such as P2P and corporate.The market sizing for car sharing type is covered at a regional level,considering detailed impact analysis of COVID-19.
o Ride sharing market size, by data service: The report offers in-depth market sizing and forecasts up to 2021, on the basis of data services, such as navigation, information service, payment service, and others considering detailed impact analysis of COVID-19.
o The report provides insights on the impact of COVID-19 on adjacent markets such as electric vehicles and autonomous vehicles.
o Market development: The report provides comprehensive information about lucrative emerging markets for ride sharing across regions,considering detailed impact analysis of COVID-19.
o Product development/innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the ride sharing market,considering detailed impact analysis of COVID-19.
o Market opportunities: The report offers detailed information about new markets/business opportunities created due to COVID-19.
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