Press release
Ride Hailing Market 2023 Driving Factors Forecast Research 2029
The ride-hailing market is anticipated to showcase exponential growth for the next couple of years (2021 & 2022) and lucrative growth in the next years during the forecast period. A number of factors are working for the growth of the ride hailing market which includes high smartphone and internet penetration all across the globe, the rising cost of vehicle ownership, and huge funding to the ride hailing startups. Moreover, better safety and comfort especially for children and women are also driving the ride-hailing market. Besides, increasing growth in domestic and international tourism is also a pivotal factor in the market growth. The continuous introduction of new players is also one of is also driving the ride hailing industry. For instance, the Japanese multinational conglomerate Sony Corp. launched S.Ride taxi-hailing services in Tokyo.Get Free Sample link @ https://www.omrglobal.com/request-sample/ride-hailing-market
However, with the increase in the ride hailing trips, the concern of road congestions, and pollution has emerged in the major cities globally. Due to this, the companies started focusing on ride sharing, the result of which vehicles need less space to transport more people, which is also environmentally friendly and economical to the customers. Growth in the ride-sharing market is a restraining factor for the ride hailing market however; most of the major global taxi services players are operating both rides hailing and ride sharing services. Besides, strict regulatory compliance related to ride hailing is one of the major restraining factors for the market. For instance, Uber taxi services are illegal in Japan.
full report of Ride Hailing Market available @ https://www.omrglobal.com/industry-reports/ride-hailing-market
• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Global Ride Hailing Market- Segmentation
By Vehicle Type
• Passenger Vehicle
• Two-Wheeler
• Other
By Propulsion Technology
• IC Engine Vehicle
• Electric Vehicle
Regional Outlook
North America
• United States
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
The Report Covers
• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global Ride hailing market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/ride-hailing-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
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 Hailing Market 2023 Driving Factors Forecast Research 2029 here
News-ID: 2897216 • Views: …
More Releases from orion market research

Workplace Safety Market Set to Witness Significant Growth by 2033 | MSA Safety I …
The Workplace Safety market was valued at approximately USD 16.2 billion in 2024 and is projected to reach around USD 49.4 billion by 2033, growing at a compound annual growth rate (CAGR) of 13.20% from 2025 to 2033.
Workplace Safety Market Overview
The global Workplace Safety market is experiencing significant growth, driven by increasing awareness of occupational hazards, stricter regulations, and a heightened focus on employee well-being. Employers are emphasizing…

Waste Sorting Robots Market Set to Witness Significant Growth by 2033 | Bulk Han …
The global Waste Sorting Robots market was valued at approximately USD 2.13 billion in 2024 and is projected to reach around USD 10.66 billion by 2033, growing at a compound annual growth rate (CAGR) of 19.6% from 2025 to 2033.
Waste Sorting Robots Market Overview
The global Waste Sorting Robots market is experiencing significant growth, driven by increasing environmental concerns, stringent waste management regulations, and the need for efficient and cost-effective…

Food Blenders & Mixers Market Set to Witness Significant Growth by 2034 | Bühl …
The global Food Blenders & Mixers market was valued at approximately USD 10.08 billion in 2024 and is projected to reach around USD 19.29 billion by 2034, expanding at a compound annual growth rate (CAGR) of 6.70% from 2025 to 2034.
Food Blenders & Mixers Market Overview
The global Food Blenders & Mixers market is experiencing significant growth, driven by advancements in food processing technologies and increasing consumer demand for convenience…

Artificial Intelligence (AI) in Cybersecurity Market Set to Witness Significant …
The global Artificial Intelligence (AI) in Cybersecurity market was valued at approximately USD 25.35 billion in 2024. its robust expansion, with estimates suggesting it could attain USD 240.42 billion by 2033, reflecting a CAGR of 26.3% from 2025 to 2033.
Artificial Intelligence (AI) in Cybersecurity Market Overview
The AI in Cybersecurity market is experiencing rapid growth due to the increasing sophistication of cyber threats and the need for advanced defense mechanisms.…
More Releases for Ride
Evolving Market Trends In The Ride Sharing Industry: Technological Innovations I …
The Ride Sharing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Ride Sharing Market Size and Its Estimated Growth Rate?
The market size of ride sharing has experienced significant growth in the past few years. It is expected to rise from $131.96…
Ride into the Future with the E Ride Pro
E Ride Pro takes you into the future of electric dirt biking with its innovative E Ride Pro S and E Ride Pro SS battery powered dirt bikes.
The company has been on a mission to revolutionize the dirt biking industry, bringing its clientele top of the range environmentally friendly bikes designed to deliver not only speed and power, but also sustainability.
Image: https://www.globalnewslines.com/uploads/2025/03/40c08f25ae351ef5a1f109bf98e648b5.jpg
The E Ride Pro S and E Ride Pro…
Ride Sharing Market: Opportunities & Developments
The global Ride Sharing Market is projected to grow at a CAGR of 16.6%, from an estimated $85.8 billion in 2021 to $185.1 billion by 2026.
Mobility service providers are investing in R&D activities to introduce EVs and other advanced types of vehicles in the ride-sharing industry.
Didi Chuxing (China), Uber Technologies, Inc (US), Gett (Israel), Lyft, Inc (US), and Grab (Singapore) are the prominent players in the ride sharing…
Ride Sharing Market - Insights & Trends
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…
Ride Sharing Market: Safety of Passengers Sharing the Ride Key Factor to Limit G …
Ride-sharing, also known as carpool, vanpool, dynamic ride-sharing, and instant ride-sharing, is a mode of traveling in which a single ride is shared by more than one anonymous passengers traveling along the same route. This method comprises picking different passengers from different places and ferrying them to same or different destinations. To comprehend recent trends and factors influencing growth of global ride sharing market, Market Research Hub (MRH) has included…
Key insights of Ride Sharing market: including key players BlaBlaCar, myTaxi, Wi …
efforts for energy efficiency or measures that are ecofriendly have turned into a trend that is engulfing all. Urban populations are now well aware of depleting resources of fossil fuel and their harmful repercussions, and are pledging for their share to protect the environment. One of the key efforts by common and responsible citizens of a number of countries is to share rides, also known as carpooling. Ride sharing not…