openPR Logo
Press release

Ride Sharing Market - Insights & Trends

04-05-2021 08:34 AM CET | Tourism, Cars, Traffic

Press release from: MarketsandMarkets

Ridesharing is convenient access to personal mobility whenever and wherever needed by using the transportation network system. Traditional taxicabs are a conventional way of opting for ride-sharing services. Ridesharing has evolved primarily in the last decade with the advent of the internet and smartphones. The modern ride-sharing industry disrupted mobility as a service landscape.

The Ride-Sharing Market is projected to grow at a CAGR of 19.87% during the forecast period, to reach USD 218.0 billion by 2025 from USD 61.3 billion in 2018.

Top Players:
Uber, Lyft, DiDi Chuxing, Grab, Ola, GETT, BLABLA CAR, Intel.

Other Regional Players:
Cabify, Car2Go, Taxify.

Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=198699113

Electric vehicles and autonomous cars to create the disruption in the ride-sharing market in the future

The growth is attributed to the existing lower penetration of such vehicles in the ride-sharing fleets, favourable government policies, improving charging infrastructure, and growing awareness about CO2 emission. At the initial stage, ride-sharing with electric vehicles would be costly as it is difficult to operate and maintain. However, in future, it would be beneficial for the driver as well as the customer. Based on calculations, a full-time driver working can save an average of USD 5,000-5,500 per year in total vehicle expenses with an EV as compared to a typical gas vehicle. The service providers can leverage this opportunity by providing a suitable sustainability model of ride-sharing with electric vehicles which could attract drivers and people to opt for the same. Additionally, the advent of autonomous cars augurs well for the growth of the ride-sharing market. For instance, Waymo has driverless cars picking up passengers, while General Motors plans to roll out its service in 2019 and Ford indicates that it will have a self-driving fleet ready for ride-sharing by 2021. The introduction of fully autonomous cars to ride-sharing fleets would drastically help to reduce overhead costs and increase profitability in the long term. According to Tesla, running an autonomous taxi will cost around USD 0.18 or less per mile. This challenges the USD 2- USD 3 cost per mile of the ride-sharing companies.

Station-based mobility is projected to be the fastest-growing segment in the ride-sharing market

Station-based mobility provides stacks and racks of vehicles at closely spaced intervals throughout a city; it is convenient and of low cost. Governments across the world incentivize Station-based mobility, and dedicated tracks are laid in various countries for the station to station mobility. Station-based mobility options are also important in smart city scenarios as small vehicles placed at strategic locations would help in solving the first-mile last-mile problem. The service providers can leverage this opportunity by providing more vehicles for station-based mobility in the form of bicycles, scooters, and even four-wheelers.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=198699113

Ride-Sharing Market & Top Service:

E-hailing - E-hailing is a process of using mobile telephony to deliver ride-sharing services. The ‘I'm in the e-hailing signifies electronic and hail denotes the conventional process of signalling an approaching vehicle. E-hailing enables a consumer to provide a pick-up location by manually entering an address or via GPS. E-hailing can be web-based or app-based but it is predominantly a mobile application. The inconvenience caused by using public transport such as trains and buses at the time of urgency can be avoided by hailing a car to reach the destination

Car sharing - Car sharing is shared use of mobility. In car-sharing several participants commute together and share the cost. This service is often provided by organizations that connect co-travellers. Car sharing significantly reduces travel costs, traffic congestion, and emissions. It has become increasingly popular over the past years. Car sharing is further segmented into P2P car sharing and corporate car sharing. Car sharing is primarily designed for a shorter time and one-way commute trips.

Car rental - Car rental is renting an automobile for short periods of time. Car rental companies primarily serve people who require a temporary vehicle especially the people who do not own a car and tourists. In some instances, car rental companies may also rent trucks and other types of vehicles such as motorcycles or scooters. The growth of the car rental market is primarily driven by the development of the travel and tourism industry.

View Full ToC @ https://www.marketsandmarkets.com/Market-Reports/mobility-on-demand-market-198699113.html

Contact:
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Ride Sharing Market - Insights & Trends here

News-ID: 2265703 • Views: 237

More Releases from MarketsandMarkets

Polypropylene Catalyst Market | Key players operating in the market include Lyon …
According to recent market research "Polypropylene Catalyst Market by Type (Ziegler Natta, Metallocene and Others), Manufacturing Process (Bulk Phase Process, Gas Phase Process and Others), Region - Global Forecast to 2025",The global polypropylene catalyst market size is estimated to be USD 1.5 billion in 2020 and is projected to reach USD 2.5 billion, by 2025, at a CAGR of 9.9%. The growth of the market is attributed to the
Energy as a Service Market to Hit $86.9 Billion by 2024
The global Energy as a Service Market is projected to reach USD 86.9 billion by 2024 from an estimated USD 52.0 billion in 2019, at a CAGR of 10.8% from 2019 to 2024. The growth of energy as a service market is driven by the new revenue generating streams for utilities, increased distributed energy resources, decreasing cost of renewable power generation and storage solutions, and availability of federal and state
Aviation Lubricants Market worth $2.9 billion by 2025
The report "Aviation Lubricants Market by Type (Hydraulic Fluid, Engine Oil, Grease, Special Lubricants & Additives), End User (OEM, Aftermarket), Technology (Mineral-Based, Synthetic), Application, Platform, and Region - Global Forecast to 2025", size is projected to grow from an estimated USD 2.0 billion in 2020 to USD 2.9 billion by 2025, at a CAGR of 7.2% during the forecast period. The increase in aircraft orders, passenger traffic, and military spending
Collaboration Display Market worth $957 million by 2026
The report "Collaboration Display Market with COVID-19 Impact Analysis by Offering (Hardware, Software and Services), Screen Size (Up to 65 Inches, above 65 Inches), Resolution (1080P, 4K/UHD), End User, Application, and Geography - Global Forecast to 2026", is projected to reach USD 957 million by 2026 from USD 700 million in 2021; it is expected to grow at a CAGR of 6.4 % from 2021 to 2026. Major drivers for

All 5 Releases


More Releases for Car

Car Monitor Display
https://www.qandqmarketresearch.com/reports/7152010/car-monitor-display-market-78 Global Car Monitor Display Market Insights, Forecast to 2025 This report presents the worldwide Car Monitor Display market size value, production and consumption, splits the breakdown data status 20132018 and forecast to 2025, by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porters Five Forces Analysis. Download Free PDF Sample
Sports Car Industry Forecasts
Albany, New York, November 8, 2016: Market Research Hub has announced a new research report to its database, titled “Sports Car industry forecasts”. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers for industrial and consumer products. Far
India Car Rental Market
A research study, titled “India Car Rental Market: Trends, Opportunities And Forecasts (2016-2021)” - (By Value, By Region, By Segment - Radio Taxi, Corporate Rental, Aggregators and Affilators; Key Players; Market Share And Dynamics),” has been recently added by MarketResearchReports.biz to its huge repository of research studies. The research study further provides a detailed analysis of the car rental market in India, focusing on the product segmentation, competitive scenario, and
Apple Car
Apple Car – The new Apple driverless car was unveiled it is said to be the top hybrid electric car. The Apple Car will change the automotive industry very soon, learn why, & discover what the Apple Driverless Car will contain. Apple Car - All over, an auto appears like a heartbreaking thing for Apple Inc. to manufacture. Autos are a fiercely commoditised, staggeringly costly, for the most part low-edge
Connected World - Connected Car
According to ABI research, the number of global users of telematics smartphone applications is set to explode in the next five years from 3.2 million to 129 million users. It is vital that automotive manufacturers keep up-to-date with developments in this field if they are to remain competitive in this fast-paced market. Because their customers won’t wait. At IQPC’s 4th International Conference Connected Vehicles from 12-14 April in Berlin, experts
Car insurance: Over 50 car insurance advantages
Over 50 car insurance It has been observed that older drivers tend to have a more mature approach towards driving than new drivers. Car insurance companies are more and more eager to target drivers aged 50 plus or those that have retired as older drivers are more experience, fewer accidents and more consistent. We can say older drivers are present less of a risk. This means the over 50s are less