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Asia Pacific Ride-Hailing Service Market New Study Offers Insights for 2028 | Daimler AG, Didi Global Inc.,Gett, Grab Holdings Inc.

01-27-2022 08:32 AM CET | Logistics & Transport

Press release from: Business Market Insights

Ride-Hailing Service Market

Ride-Hailing Service Market

The Ride-Hailing Service Market in Asia Pacific is expected to grow US$ 19,086.10 million in 2021 to US$ 41,621.06 million by 2028; it is estimated to grow at a CAGR of 11.8% from 2021 to 2028.

The ride-hailing service market in Asia Pacific is further segmented into China, India, Japan, Australia, and South Korea. The region constitutes world’s Top 2 most populated countries—India and China. It is also characterized by significant developments in infrastructure and increase in purchasing power of the individuals in the region. Further, the rising number of individuals migrating toward popular cities for better employment opportunities is also anticipated to propel the demand for ride-hailing services in big cities in the region.

Browse Full Report with TOC- https://www.businessmarketinsights.com/reports/asia-pacific-ride-hailing-service-market/?utm_source=OpenPR&utm_medium=10470

Taxis, passenger vehicles, and charter cars are examples of on-demand services, which provide real-time feedback, vehicle tracking, and rating for service experience providing to end clients. Ride-hailing services ensure that clients can reliably identify vehicles and track their journeys while also providing safety to the occupants, which is projected to boost market expansion significantly. Abundant availability of cars and comparison of fare with correspondents facilitated by many mobile applications further drive the growth of the market. For instance, Migo, a Seattle-based search engine for on-demand ride services, launched a smartphone application in August 2017 that allowed users to compare the locations and rates of nearby taxis, car-sharing, and ride-hailing providers on a single platform.

Get Sample Copy of this Asia Pacific Ride-Hailing Service Market research report https://www.businessmarketinsights.com/sample/TIPRE00026846/?utm_source=OpenPR&utm_medium=10470

Major Key players covered in this report:

• Daimler AG
• Delphi Technologies Plc.
• Uber Technologies Inc.
• Didi Global Inc.
• Gett
• ANI Technologies Pvt. Ltd.
• Grab Holdings Inc.

ASIA PACIFIC RIDE-HAILING SERVICE MARKET SEGMENTATION

Asia Pacific Ride-Hailing Service Market, by Service Type

• E-hailing
• Car Sharing
• Car Rental
• Station-based Mobility

Asia Pacific Ride-Hailing Service Market, by Vehicle Type

• Two-Wheeler
• Three-Wheeler
• Four-Wheeler
• Others

Asia Pacific Ride-Hailing Service Market, by End-User

• Institutional
• Personal

Order a Copy of this Asia Pacific Ride-Hailing Service Market research report https://www.businessmarketinsights.com/buy/single/TIPRE00026846/?utm_source=OpenPR&utm_medium=10470

In Asia Pacific, India is the worst-hit country by the COVID-19 outbreak. Asia Pacific experienced a notable decline in several economic activities as the government authorities imposed strict lockdowns, travel bans, and business shutdown. Many countries in Asia are in a developing state. Owing to layoffs and salary cuts, buying capacity of majority of consumers was affected drastically. Expenditure on nonessentials was avoided as much as possible. This has resulted in weak demand for ride-hailing services in the region. The COVID-19 pandemic has not only disrupted the overall economy and automobile market in Asia Pacific but has also changed the buyers’ attitude toward the sector.

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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

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