Ridesharing Market Report Helps To Predict Investment In An Emerging Market For The Forecast Period 2026

The Ridesharing Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Ridesharing market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Ridesharing market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Ridesharing market.

The Ridesharing Market was valued at USD 73.07 billion in 2020 and expected to reach USD 209.60 billion by 2026 and grow at a CAGR of 19.2% over the forecast period (2021-2026).

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Top Leading Companies of Ridesharing Market are - Zimride Inc., Kangaride, CarpoolWorld (Datasphere Corporation), Via Transportation, Inc., SPLT (Bosch), Scoop Technologies, Inc., BlaBlaCar, GoMore ApS, Klaxit SAS (formerly Wayzup), Flinc GmbH (Daimler Mobility Services), WunderCar Mobility Solutions GmbH, Didi Chuxing Technology Co and others.

Industry News and Updates:

- March 2020 - Didi Chuxing announced that it would launch its value-for-money ridesharing services in Sydney, New South Wales. Currently, the Company operates across seven cities in four states, providing three services DiDi Express, DiDi Share (carpooling), and DiDi Max (7-seater) to Australian communities. The launch in Sydney will start with DiDi Express and DiDi Max.

- April 2020 - In response to the COVID-19 crisis, Sevenoaks bus services operated by Go Coach, will temporarily be replaced by a new on-demand service. Branded Go2, the service will be bookable using a mobile app developed and powered by Via Transportation, operating like a shared taxi. This means that journeys will be made only when and where they are required.

Key Market Trends:

COVID-19 is Expected to Pose Significant Threat to the Market

- Due to the recent COVID -19 outbreak, both ride-hailing and ridesharing have witnessed a massive decline in demand. However, many believe that the ridesharing market can emerge again, as many people are now shifting to personal cars. This might give a boost to ridesharing services, like Fixed Ridesharing and Corporate Ridesharing. According to the recent global survey conducted by Cars .com in mid -March 2020, it suggests that over 40 % of the respondent have stopped using any ridesharing and hailing services to reduce the odds of catching the contagious virus. Over 90 % said they have started using their cars, and 20 % of the respondents have already started looking at investing in buying a new vehicle.

- Many governments are also declining ridesharing and hailing services to control pollution. According to a study by Harvard University T. H . Chan School of Public Health, cities with more air pollution (PM 2 . 5 ) are more susceptible to coronavirus infections. Similarly, the European Public Health Alliance (EPHA) mentions that air pollution can increase the coronavirus impact. In April 2020, the Centers for Disease Control issued new guidelines for rideshare drivers and other driving occupations (taxis, limousines, etc.). CarGurus’s recent COVID -19 sentiment study shows that car sales are unlikely to be affected by the pandemic in the long term. 79 % of respondents delay their car purchases as a result of the pandemic. 39 % reported that they would reduce their ride-hailing services consumption or stop using them entirely.

North America to Account for Significant Market Share

- Due to a large number of market vendors based in the United States, North America is one of the major innovators and investors in the studied market. Also, the region is one of the early adopters of the business model, which provides the upper hand and more variety of services in the market. These factors have also motivated the entry of many local and new players from the region in the global market. Instead of hailing taxis, passengers that use ride-sharing services for carpooling may reduce traffic congestion, pollution, and fuel use, which could lead to increased demand in the region.

- Although the ride-hailing service is more prevalent in the region, due to companies, like Uber, the region is also witnessing rising demand for ride-sharing services. Furthermore, bills to legalize and regulate ride-sharing failed to pass in Texas, Florida, Pennsylvania, and a few other cities. Meanwhile, Massachusetts passed a proposal for the state-wide regulation of ride-sharing, but ultimately blocked most of the controversial issues to avoid any disruptions.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Ridesharing Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Ridesharing Market (%),2016 - 2026
- Ridesharing Market Share, By Brand
- Ridesharing Market Share, By Company
- Ridesharing Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Ridesharing Market Value Analysis & Forecast
- Promising Ridesharing Development by Major Companies
- Detailed Ridesharing Portfolio of the Major Companies
- Major Deals in the Ridesharing Market
- Major Companies Analysis

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