Carpooling Market to Witness Astonishing Growth by 2029

The global carpooling market is anticipated to grow at a CAGR of 19.2% during the forecast period. A significant rise in the preference for carpool services among regular office commuters is the primary factor contributing to the growth of the carpooling market. Additionally, the increase in the services offered by key players such as Uber Technologies, Inc., Ola Electric Mobility Pvt Ltd., and others and the option to choose convenient pick-up and drop locations encourages users to opt for carpooling services. For instance, in June 2019, RedBus introduced a new carpooling service with an application named rPool. The services are launched specially for professionals riding intra-cites which provides convenient pickup and drop points for employees. The services are available in cities including Bangalore, Pune, Hyderabad, and New Delhi. The availability of different types of modes of transport such as auto-sharing, bus sharing, car sharing, and others even for short distances attract consumers to adopt carpooling services which is another factor increasing the demand for carpooling services.

Another factor bolstering the market growth includes the rapidly expanding footprints of market players globally to cater to the demand and stay competitive. For instance, in February 2020, Ola Electric Mobility Pvt. Ltd. expanded its services to London with 25,000 drivers registered on a platform offering rides. The company expanded its services across the UK and licensed across 350 license jurisdictions. The company is fully operational in the region with three categories including comfort, comfort XL, and Exec ride classes.

In May 2021, Grab Holdings Inc. expanded its transport offerings with the launch of two new on-demand premier ride options. The new ride options include GrabCar Exec and GrabPet XL. GrabCar Exec is a fleet of luxurious vehicles that serve consumers' demands to travel in style and comfort, whereas GrabPet XL caters to consumers traveling with pets. For the same, the company provides a fleet of four and six-seater premium vehicles including the BMW 5 Series, Mercedes Benz E-Class, Mercedes-Benz V220, and Toyota Vellfire models.

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Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029

Segment Covered- 

By Product Type
By Service Type
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Blablacar, Carma Technology Corp., Fasterminds Gmbh, Grab Holdings Inc., Ibibo Group Pvt. Ltd., Idisha Info Labs Pvt Ltd., Karos, Lyft Inc., and others. 

Carpooling Market Report Segment

By Product Type

Online Carpooling Platforms
App-based Carpooling

By Service Type 

E-Hailing
Car Sharing and Car Rental
Station-Based Mobility

By Application  

Business
Individuals
Schools

A full Report of Carpooling Market is Available @  https://www.omrglobal.com/industry-reports/carpooling-market

Carpooling Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Blablacar
Carma Technology Corp.
Fasterminds Gmbh
Grab Holdings Inc.
Ibibo Group Pvt. Ltd.
Idisha Info Labs Pvt Ltd.
Karos
Lyft Inc.
Meru Mobility Tech Pvt. Ltd.
Moovit App Global Ltd.
Octo Telematics S.P.A.
Poola.App
Raye7
Ryde Technologies Pte Ltd.
Schwarz Mobility Solutions Gmbh
Scoop Technologies, Llc
Sride Tech Pvt. Ltd.
Uber Technologies, Inc.
Voyage Technologies Ltd. (Safarishare)
Waze Mobile Ltd.

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