Press release
Ride Sharing Market is expected to grow at a CAGR of 20.24% during the forecasted period, 2021–2026.
Ride Sharing Market
Ride sharing service platforms connect drivers and vehicles with customers at an agreed price between the driver and customer. In this service, customers use an application on their smartphones to request a ride at a specific time and place. The application request entails certain steps such as actual & expected pricing of a ride, location of the driver, and possible wait time. Ride sharing service platforms allow customers and drivers to contact each other without providing personal information through the use of GPS. Upon reaching the destination, the customer is prompted to complete the ride and pick a payment method.
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The Major Manufacturers Covered in this Report:
Uber Technologies Inc., BlaBlaCar, Inc., ANI Technologies Pvt. Ltd. (OLA), Wingz, Lyft, Inc., Grab, Careem, Curb Mobility, Taxify OÜ, Gett, Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing), and Cabify. These players strive to recognize the evolving demand in developing countries and expand their strategies appropriately to enhance their foothold in the market.
Years that have been considered for the study of this report are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026
Market Segmentation:
By Service Type
E-hailing
Ride Sharing
Car Rental
Station-based Mobility
By Sharing Type
P2P
Corporate
By Vehicle Type
ICE Vehicles
CNG/LPG Vehicles
Electric Vehicles
By Travel Mode
Inter-City
Outstation
By Data Service
Information service
Navigation
Payment
Others
Regional Segmentation:
North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Key Developments
In December 2018, Waymo LLC, a fully self-driving technology provider, launched ‘Waymo One’, the first self-driving car that provides commercial ride-share service, in the U.S. The company developed this technology in collaboration with Google’s self-driving car project.
ANI Technologies Pvt. Ltd. (OLA) has been providing ride sharing services for passengers in Auckland, Wellington, and Christchurch, New Zealand since November 2018. In December 2018, around 50,000 South Korean cab drivers went on a strike nationwide against Uber car sharing services.
The ride sharing market has been witnessing rapid growth in recent years across all its segments. Activities such as improved service launches, strategic collaborations, partnerships, mergers and acquisitions among market participants are expected to positively affect the market during the forecast period, 2019–2026.
The analysis objectives of the report are:
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Ride Sharing Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Ride Sharing Market sub-markets, depending on key regions (various vital states).
To analyze the Global Ride Sharing Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Ride Sharing Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Ride Sharing Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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