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Ride-Hailing Services Market is expected to grow at a CAGR of 4.87% from 2023-2030 : Cognitive Market Research
Ride-Hailing Services Market is expected to grow at a CAGR of 4.87% from 2023-2030 : Cognitive Market Research
Ride-hailing refers to the act of a customer ordering a ride online, usually through a smartphone application. A customer orders a ride from a ride-hailing platform. Ride-hailing apps offer a safe and secure alternative to public transport. Users request a ride through the company's mobile app to have a ride-hailing service specifying their pickup and drop-off locations. The app then matches the rider with a nearby driver who is available to pick them up
Summary:
• Global Ride-Hailing Services Market Size Was Valued at USD 46.16 Billion In 2022 And Is Expected to Grow at A CAGR Of 4.87 % During the Forecast Period, Reaching USD 111.45 Billion By 2030
• The rising penetration of smartphones worldwide and growing demand for technology-based transport modes is the major driving factor for the growth of the ride-hailing services market.
• North America is accounted for the largest share of the ride-hailing services market.
To know Ride-Hailing Services Market statistics click here:
https://www.cognitivemarketresearch.com/ride-hailing-services-market-report
Market Dynamics:
The rising penetration of smartphones in the worldwide and growing demand for technology-based transport modes is the main driving factor contributing to the growth of the global ride-hailing services market during the forecast period. As urban populations grow, ride-hailing is becoming a major mode of transportation, eliminating the need for personal car ownership. Additionally, the increasing popularity of alternative public transport due to its convenience, affordability, and ease of use has driven the demand for the ride-hailing services market during the forecast period. In recent years, ride-hailing services have become increasingly popular. Uber and Lyft companies operate in many countries around the world, providing transportation services to millions of people.
However, ride-hailing services have faced criticism and regulatory challenges in some countries that may obstruct the growth of the global ride-hailing services market in near future. Further, the technological advancements in transport mode applications are expected to create great opportunities for the ride-hailing services market during the forecast period.
Market Segmentation:
By Service Type
• E- hailing
• Car sharing
• Car Rental
• Others
The E- hailing segment is expected to lead the highest revenue share in terms of service type, as E-hailing services are becoming increasingly popular in recent years due to their affordability, convenience, and ease of use. In addition, E hailing services are transportation services provided by companies that connect passengers with drivers using an e-hailing service platform. These services are operated similarly to traditional taxi services.
By Vehicle Type
• Two-wheeler
• Three-wheeler
• Four-wheeler
• Others
The four-wheeler segment held the major revenue share in terms of vehicle type
The four-wheeler held the major revenue share in terms of vehicle type owing to the increasing adoption of electric cars. In four-wheeler, ride-hailing services companies have expanded additional features and services, such as shared rides, luxury vehicle options, and wheelchair-accessible vehicles.
By End User
• Institutional
• Personal
Competitive Analysis for Ride-Hailing Services Market:
DiDi Chuxing (China), Gett (Israeli), Grab (Singapore), Lyft (USA), Uber Technologies (USA)
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Regional Analysis:
North America is expected to dominate the ride-hailing services market during the forecast period.
North America accounted for relatively the largest share of the ride-hailing services market during the forecast period. The growth of the market is significantly growing in the region due to the rising adoption of a diverse range of transportation modes and increasing government initiatives to reduce congestion on roads. For example, Uber and Lyft are the two largest ride-hailing companies in the United States. Both companies provide ride-hailing services in most major cities in the United States and Canada. Ride-hailing services have become an important part of the North American transportation landscape, providing a convenient and affordable alternative to traditional taxis and public transportation.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Ride Hailing Services Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
o 1.5.1 Ride Hailing Services Market Segmentation
o 1.5.1 Ride Hailing Services Market Regional Fragmentation
o 1.5.1 Ride Hailing Services Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Ride Hailing Services Market
• 3.1 Global Ride Hailing Services Market Size 2018 - 2030, (USD Million)
• 3.2 Global Ride Hailing Services Market Statistics 2022: Snapshot
Chapter 4 Global Ride Hailing Services Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Ride Hailing Services Market by Service Type Segmentation Analysis (2018-2030)
Chapter 9 Global Ride Hailing Services Market by Vehicle Type Segmentation Analysis (2018-2030)
Chapter 10 Global Ride Hailing Services Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Ride Hailing Services Market Regional Analysis
Chapter 12 North America Ride Hailing Services Market Outlook (2018 - 2030)
Chapter 13 Europe Ride Hailing Services Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Ride Hailing Services Market Outlook (2018 - 2030)
Chapter 15 Latin America Ride Hailing Services Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Ride Hailing Services Market Outlook (2018 - 2030)
Chapter 17 Research Findings
To know more Ride Hailing Services Market TOC click here:
https://www.cognitivemarketresearch.com/ride-hailing-services-market-report#table_of_contents
Related report
Mobile application market
https://www.cognitivemarketresearch.com/mobile-application-market-report
Electric vehicle market:
https://www.cognitivemarketresearch.com/electric-vehicles-%28ev%29-market-report
Mobility as a Service market:
https://www.cognitivemarketresearch.com/mobility-as-a-service-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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