openPR Logo
Press release

What's driving the Ride Sharing Market trends? Uber Technologies, LimeBike, Herts, Lyft Inc, DiDi Chuxing Technology Co., Grab, Gett, Ola Cabs, BlaBlaCar

05-13-2020 11:29 AM CET | Logistics & Transport

Press release from:

/ PR Agency:
Ride Sharing Market

Ride Sharing Market

Global Ride Sharing Market is valued approximately USD 74.08 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 20.21 % over the forecast period 2019-2026. . Ride sharing matches the drivers of the vehicles to those seeking local taxicab transportation. This is done through the use of applications which locates the nearest available vehicle for transport and notifies the driver with the location of the customer. The mounting need for personal mobility owing to the rising urbanization and descent in the car ownerships drive the market growth.

Request a sample Report of Ride Sharing Market at:

However, the spread of the COVID-19 pandemic has negatively impacted the Ride Sharing market for the year 2020. As due to shutdowns announced by most of the infected countries coupled with the Self-Isolation norms have decreased the number of commuters which used these services. As majority of the population is working from home and only allowed to get out for the purchase of essential products which is frequently delivered at home hence the utilization of these ride sharing services has witnessed a steep decline. This has forced major market players to announce temporary shutdown. As in March 2020, Ola and Uber suspended operations temporarily in lockdown cities in India. While as per Statista, the variation in the share of taxi and ride hailing orders after the COVID-19 in France outbreak was -3.2% for Uber, -2.5% for Bolt and -0.1% for Lecab. Hence, amidst the pandemic the Ride Sharing market is face a tremendous blow.

However, after the Pandemic, the market is projected to witness growth owing to the resume in operations and implementation of innovative strategies like offering partitions to maintain the distance between driver and passenger, equipping the vehicle with sanitizers, and mounting devices to measure the body temperature of passengers to eradicate the threat of such infections in future.

As these applications make cab easily available also, people prefer to use these services instead of purchasing a car owing to the high maintenance cost and parking. Also, growing Internet and smartphone penetration fuels the market growth. As these apps require access to the location which is gained through the use of GPS in the smart phones and the readily available digital road maps which guide the driver towards destinations. Hence the growing penetration of smart phones drives the market towards growth. Moreover, stringent CO2 reduction targets set by the governments and rising awareness among the population has increased traveler inclination towards the use of Ride sharing.

Major market player included in this report are:
o Uber Technologies, Inc (US)
o Lyft Inc. (US)
o DiDi Chuxing Technology Co. (China)
o Grab (Singapore)
o Gett (Israel)
o Ola Cabs (India)
o BlaBlaCar (France)
o LimeBike (US)
o Herts (US)

The regional analysis of global Ride Sharing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of majority of the players and rising environmental concerns. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rising disposable income along with rising smart phone penetration would create lucrative growth prospects for the Ride Sharing market across Asia-Pacific region.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Service Type:
o E-Hailing
o Car Sharing
o Car Rental
o Station-Based Mobility

By Data Service:
o Information
o Navigation
o Payment

By Region:
o North America
o U.S.
o Canada
o Europe
o UK
o Germany
o Asia Pacific
o China
o India
o Japan
o Latin America
o Brazil
o Mexico
o Rest of the World

Table of Contents:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Ride Sharing Market, by Region, 2018-2026 (USD Billion)
1.2.2. Ride Sharing Market, by Service Type, 2018-2026 (USD Billion)
1.2.3. Ride Sharing Market, by Data Service, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Ride Sharing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Ride Sharing Market Dynamics
3.1. Ride Sharing Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Ride Sharing Market Industry Analysis

Chapter 5. Global Ride Sharing Market, by Service Type

Chapter 6. Global Ride Sharing Market, by Data Service

Chapter 7. Global Ride Sharing Market, Regional Analysis

Chapter 8. Ride Sharing Market Competitive Intelligence

For More Details On this Report:

Related Reports:

Contact Us:
Market Study Report LLC,
4 North Main Street,
Selbyville, Delaware 19975
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150

About Us: allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What's driving the Ride Sharing Market trends? Uber Technologies, LimeBike, Herts, Lyft Inc, DiDi Chuxing Technology Co., Grab, Gett, Ola Cabs, BlaBlaCar here

News-ID: 2043889 • Views: 291

More Releases from

Covid -19 Impact on Video Conferencing Market Size 2026: Top Companies, Trends a …
Market Study Report recently introduced new title on “2020-2026 Global Video Conferencing Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates Market size outlook and status to 2026. Video Conferencing Market size is anticipated to grow at over 19% CAGR between 2020 and 2026. The global video conferencing market is set to register a tremendous rise in its growth
What's driving the Patient Monitoring Devices Market Size? Fukuda, Philips, Skan …
Selbyville, Delaware the prime objective of Patient Monitoring Devices report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. Wireless segment is anticipated to witness more than 5% growth over the forecast period. Substantial growth can be attributed to rising preference for
What's driving the 3D Implants Market trends? Stryker, Smith and Nephew, DJO Glo …
The 3D Implants market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations. Request a sample Report of 3D Implants Market at: The most likely (base case) scenario
Artificial Vascular Implants Market is thriving worldwide by 2025 | Top Key Play …
Global Artificial Vascular Implants Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2025. Artificial Vascular Implants Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Artificial Vascular Implants market and provides information regarding the revenue for the period 2020 to 2025. The Artificial Vascular Implants market report provides

All 5 Releases

More Releases for Ride

State of ride hailing services in Indonesia
As the popularity and convenience of ride hailing services increases in Indonesia, two players have emerged in the forefront. Within Southeast Asia, Grab has emerged as the largest online ride hailing service and Go-Jek is its competitor, an Indonesian Unicorn start-up. Apart from providing food delivery services, fraud is a systematic issue both players need to address. These were the findings from a survey conducted by Spire Research and Consulting
Key insights of Ride Sharing market: including key players BlaBlaCar, myTaxi, Wi …
efforts for energy efficiency or measures that are ecofriendly have turned into a trend that is engulfing all. Urban populations are now well aware of depleting resources of fossil fuel and their harmful repercussions, and are pledging for their share to protect the environment. One of the key efforts by common and responsible citizens of a number of countries is to share rides, also known as carpooling. Ride sharing not
Ride the wave of life, don’t let it ride you.
For immediate release This book “Ride the wave of life” by Anne Hofmann is aimed at helping you tackle life’s problems and become a happier and improved person in the process. It’s like having a conversation with a trusted friend, the one who always gives you great advice whenever you need it. You no longer have to be overwhelmed or intimidated by your experiences. This book is filled with practical tips and
Why Ride-sharing Promotes a Green Earth
How ridesharing reduces greenhouse gasses which promote a green earth. For drivers, using Friendly TLC cars for rent benefits environment. As an Uber or Lyft driver or passenger, you may not think of the trip to work or the grocery store as helping to save the Earth, but everyone who rideshares is doing their part to reduce greenhouse gasses. This is important for drivers who may use TCL cars for rent
Enjoy The Ride With CPS' Newest Equipment
Norris, TN— Why walk when you can ride? Concrete Polishing Solutions, known industry-wide for its development of equipment, tooling, and chemicals for surface preparation, grinding, and polishing, is proud to introduce a new innovation at the 2017 World of Concrete—The CPS Rover. The CPS Rover is a ride-on, propane powered concrete grinder with major power and incredible ease of use. Visitors to CPS’ outdoor booth at World of Concrete
Polysilicon Market on a Roller-Coaster Ride
New report from Bernreuter Research: Oversupply returns after short recovery Würzburg (Germany), January 8, 2014 – After a short recovery in 2013, the polysilicon industry is once again steering towards oversupply. This is one of the conclusions of the latest global polysilicon market report from Bernreuter Research, The 2014 Who's Who of Solar Silicon Production. "Although shutting down capacities of approximately 135,000 metric tons (MT) since 2011 has solved the oversupply