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Ride Hailing Market Report 2023-2032: Market Size, Trends, Industry Share And Forecast | Uber Technologies Inc., Grab, ANI Technologies Pvt. Ltd., Gett Inc., Lyft Inc
Ride Hailing Market
The Business Research Company's Ride Hailing Global Market Report 2023 identifies On-demand transportation services and a lower rate of car ownership among millennials as the major driver for the Ride Hailing market's growth in the forecast period. On-demand transportation services are characterized by flexible routing and ad-hoc scheduling of private vehicles, offering a personal transport experience to the general public by picking up or dropping off at locations of the passenger's choice.
The global ride hailing market size will grow from $61.10 billion in 2022 to $70.12 billion in 2023 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global ride hailing is expected to grow to $122.48 billion in 2027 at a CAGR of 15.0%.
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Major competitors in the Ride Hailing market are Uber Technologies Inc., Grab, ANI Technologies Pvt. Ltd., Gett Inc., Lyft Inc.
A key trend in the Ride Hailing market includes several state and central laws for uninterrupted service. For instance, in the U.S., driver-related regulations include requirements for background checks, driver's licenses, vehicle registrations, special licences such as business licenses, and external vehicle displays. The company-related regulations include requirements for the number of ride-hailing vehicles operating in a metropolitan area, providing a list of drivers to the city, and sharing trip data with the city. In some countries, fingerprint-based background checks are mandatory. This is because of the reported incidents of sexual assault and violence.
Read More On The Global Ride Hailing Market Report Here:
https://www.thebusinessresearchcompany.com/report/ride-hailing-global-market-report
The Ride Hailing market is segmented -
1. By Vehicle Type: Two Wheeler, Three Wheeler, Four Wheeler, Other Vehicle Types
2. End-user: Commercial, Personal
3. By Service Type: E-Hailing, Car Sharing, Station based Mobility, and Car Rental
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Ride Hailing market.
The Business Research Company's "Global Ride Hailing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Ride Hailing Market Include:
1. Executive Summary
2. Ride Hailing Market Characteristics
3. Ride Hailing Market Trends And Strategies
4. Ride Hailing Market - Macro Economic Scenario
5. Ride Hailing Market Size And Growth
……
26. Africa Ride Hailing Market
27. Ride Hailing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ride Hailing Market
29. Ride Hailing Market Future Outlook and Potential Analysis
30. Appendix
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