Ride Sharing Market Expected To Grow At A CAGR Of 20.2% By 2027| Uber, Lyft, DiDi, Gett, Ola, Grab, BlaBlaCar, Intel, Tomtom, Aptiv, Denso

Recent research and the current scenario as well as future market potential of "Global Ride Sharing Market 2020".

The Global Ride Sharing Market is expected to grow at a CAGR of 20.2% during the forecasting period (2020-2027).

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Ridesharing still constitutes a tiny percentage in the total vehicle miles travelled. Smartphone & GPS has changed the ridesharing market dramatically. Once the number of users & drivers reach the critical mass, it results in an extremely efficient system.

Market Dynamics:

As smartphone penetration, internet penetration and urban population increases, ridesharing market will grow rapidly.

The ride-sharing market has impacted the Auto Industry in a significant way. In a well-functioning ridesharing environment ride sharing users often postpone car purchase. This is especially true in developing countries.

Lack of parking space and permits in the major cities is the key restraint that affecting the market growth.

Although Ridesharing drivers often work long hours, they earn barely above minimum wage & don't enjoy any other benefits that are available to full-time employees. Which is a major disadvantage for the market.

Market Segmentation:

The market can be segmented into Peer to Peer Car sharing, Free-floating Car sharing, Stationary Car sharing, and others.

Transportation Network Companies is the most significant segment. Transportation Network Companies offer rides in private passenger cars. Thereby the passenger requests a trip and will then be matched with a driver. Carpooling Services charge a commission for helping people going the same way to organize carpools using private vehicles. Others include online taxi bookings.

Geographical Segmentation:

By region, the market can be segmented into North America, South America, Europe, Asia-pacific and rest of the world. China dominates the ridesharing market in terms of revenue. The combined share of China & United States in Ridesharing market is around 77%.

Competitive Landscape:

Didi Chuxing is the biggest ride sharing service based company followed by Uber. BlaBlaCar is one of the most prominent carpooling company. Other players include Lyft, Grab, Curb, Ola, Gett, BlaBlaCar, Zimride, and Car2Go.

Key market segments covered

By Type
Peer to Peer Car sharing
Free-floating Car sharing
Stationary Car sharing
Others

By Region
Asia Pacific
Europe
North America
South America
Rest of the World

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Scope of the report-
The report covers the key factors impacting the market, Porter 5 Forces, Product Benchmarking, and company profiles. Global Ride sharing market segmentation by Type (Transportation Network Companies, Carpooling Services, others). Based on geography the market is segmented into North America, South America, Europe, Asia Pacific and Rest of the world.

Why purchase the report?
Visualize the composition of the Global Ride sharing market across each indication, concerning type highlighting the critical commercial assets and players.
Identify commercial opportunities in Global Ride sharing market by analysing trends and co-development deals.
Excel data sheet with thousands of data points of the Ridesharing market level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the critical Global Ride sharing market products of all major market players

Target Audience
Government Agencies
Product Suppliers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers

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