Ride Hailing Market (Covid-19 Impact) Analysis, Business Revenue, Forecast, Size, Leading Competitors And Growth Trends 2023
The global ride hailing market is expected to decline from $60.5 billion in 2019 and to $52.07 billion in 2020 at a compound annual growth rate (CAGR) of -13.88%. The decline is mainly due to the COVID-19 outbreak, extending lockdown across countries and the measures to contain it. The market is then expected to recover and reach $85.48 billion in 2023 at CAGR of 17.97%.
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The ride-hailing market consists of revenue generated by ride-hailing used for passenger transportation service in which the passengers are connected with the vehicle drivers through a smartphone-based app. The industry comprises establishments primarily engaged in providing passenger transportation by automobile or van, not operated over regular routes and on regular schedules. Establishments of taxicab owners/operators, taxicab fleet operators, or taxicab organizations are included in this industry.
The ride hailing market covered in this report is segmented by vehicle type into two wheeler, three wheeler, four wheeler, others. It is also segmented by end-user into commercial, personal and by service type into e-hailing, car sharing, station based mobility, car rental. On-demand transportation services and a lower rate of car ownership among millennials is driving the growth of the ride-hailing market.
Ride Hailing Market Segmentation: -
By Vehicle Type
1. Two Wheeler
2. Three Wheeler
3. Four Wheeler
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Few Points From Table Of Content
1. Executive Summary
2. Ride Hailing Market Characteristics
3. Ride Hailing Market Size And Growth
4. Ride Hailing Market Segmentation
5. Ride Hailing Market Regional And Country Analysis
25. Ride Hailing Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Ride Hailing Market
27. Ride Hailing Market Trends And Strategies
28. Ride Hailing Market Future Outlook and Potential Analysis
The report covers the trends and market dynamics of the ride-hailing market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the ride-hailing market are Uber Technologies Inc., Grab, ANI Technologies Pvt. Ltd., Gett Inc., Lyft Inc., DiDi Chuxing, Delphi Automotive, Daimler AG., , BlaBlaCar, , Didi Chuxing Technology Co.,
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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