Press release
Ride Sharing Market Size To See Huge Growth By 2030
A study recently conducted by the strategic consulting and market research firm Report Ocean revealed that the global ridesharing market is projected to reach USD 85.1 billion by 2021 growing at a CAGR of 16.4% during the forecast period (2022-2028). The use of mobile apps or websites to provide users or passengers with access to vehicles or drivers for hire is known as ride - sharing. Ridesharing is beneficial for the environment and people in general as it involves more than one rider in the same vehicle.
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The demand for ride-sharing is growing globally because of increased mobile and internet penetration. In addition, the rising cost of vehicle ownership, combined with strict rules and regulations pertaining to the reduction of carbon dioxide is driving the demand for ride-sharing, globally. Furthermore, the industry is heavily influenced by the increasing demand for electric vehicles in ride-sharing services.
Growth Drivers
Increasing use of smartphone and internet
Since ride-sharing is an internet-based service, having access to the internet is a must to use in any part of the world. Users must download any ride-sharing app to their smartphone and use data services to navigate the app as well as to access other relevant information services. According to the International Telecommunication Union, the internet is used by 81% of developing countries. Also, 40% of people in developing countries now have internet access, and this figure is increasingly rising.
Rising cost of vehicle ownership
Due to rising fuel prices, as well as rising financing, insurance, and car registration costs, owning a personal vehicle has become prohibitively expensive. In addition to this, maintenance cost, such as repairs of parts and accessories and labor charges, is also added to the cost of vehicle ownership. Aside from that, stringent rules and regulations pertaining to pollution control, among other things, make owning a personal car a little more difficult, allowing customers to use ride-sharing services.
Market Segment:
By Business Model (P2p, B2c, B2b)
By Vehicle Type (Ice, Cng/Lpg, Electric)
By Region (North America, Europe, Asia Pacific, Middle East & Africa, And Latin America)
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Impact of COVID-19 in the global ride sharing market
Ride-sharing has been witnessing a major decrease in demand as a result of the COVID -19 outbreak. Owing to an increase in the number of cases of COVID-19, commuters are increasingly becoming concerned
Table of Content:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
Key Reasons to Buy this Report:
Access to date data compiled by means of our researchers. These grant you with historic and forecast data, which is analyzed to inform you why your market is set to change
This allows you to expect market adjustments to continue to be in advance of your competitors
You will be in a position to replica information from the Excel spreadsheet straight into your advertising plans, commercial enterprise presentations, or different strategic documents
The concise analysis, clear graph, and desk structure will allow you to pinpoint the records you require quickly
Provision of market cost (USD Billion) records for every phase and sub-segment
Indicates the area and section that is predicted to witness the quickest increase as nicely as to dominate the market
Analysis through geography highlighting the consumption of the product/service in the area as nicely as indicating the elements that are affecting the market inside every region
Competitive panorama which contains the market rating of the predominant players, alongside with new service/product launches, partnerships, commercial enterprise expansions, and acquisitions in the previous 5 years of organizations profiled
Extensive business enterprise profiles comprising of business enterprise overview, employer insights, product benchmarking, and SWOT evaluation for the primary market players
The cutting-edge as nicely as the future market outlook of the enterprise regarding current traits which contain boom possibilities and drivers as properly as challenges and restraints of each rising as nicely as developed regions
Includes in-depth evaluation of the market from quite a number views via Porter's 5 forces analysis
Provides perception into the market via Value Chain
Market dynamics scenario, alongside with boom possibilities of the market in the years to come, 6-month post-sales analyst help
.................Some More Report..............
Europe Nutritional Supplements Market: https://www.barchart.com/story/news/14142005/europe-nutritional-supplements-market-size-share-growth-analysis-and-regional-players-2022-2030
Asia-Pacific Nutritional Supplements Market: https://www.barchart.com/story/news/14142003/asia-pacific-nutritional-supplements-market-size-dynamics-segments-and-trends-in-the-2022-2030
Global Home Healthcare Device Market: https://www.barchart.com/story/news/14142133/global-home-healthcare-device-market-size-upcoming-innovations-companies-and-forecast-2022-2030
Global and China Biomedicine Market: https://www.barchart.com/story/news/14142131/global-and-china-biomedicine-market-size-dynamics-segments-and-trends-in-the-2022-2030
Global Medical Devices Market: https://www.barchart.com/story/news/14142129/global-medical-devices-market-size-value-projected-to-expand-by-2022-2030
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About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
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