Press release
Ride Hailing Market Trends, Top Companies, Share, Growth And Forecast 2033
Ride Hailing Market
The Business Research Company offers in-depth market insights through Ride Hailing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The ride hailing market size has grown rapidly in recent years. It will grow from $70.12 billion in 2023 to $80.46 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to urbanization and population density, changing consumer behavior, traffic congestion and parking challenges, first and last-mile connectivity, economic considerations.
The ride hailing market size is expected to see rapid growth in the next few years. It will grow to $141.5 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to integration with multimodal transportation, environmental sustainability, regulatory frameworks and compliance, enhanced safety measures, rural and suburban expansion. Major trends in the forecast period include corporate partnerships for employee transportation, dynamic pricing optimization, regulatory compliance and advocacy, inclusive accessibility features, virtual queues and pre-booking options.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=3129&type=smp
Market Segmentation:
The ride hailing market covered in this report is segmented -
1) By Vehicle Type: Two Wheeler, Three Wheeler, Four Wheeler, Other Vehicle Types
3) By Service Type: E-Hailing, Car Sharing, Station based Mobility, Car Rental
2) By End-user: Commercial, Personal
Major Driver - Millennials And On-Demand Transportation Services Fueling Ride-Hailing Market Growth
On-demand transportation services and a lower rate of car ownership among millennials are driving the growth of the ride-hailing market. 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. On-demand ride-hailing services ensure that customers can accurately locate the vehicles, track their journey, and offer safety to the occupants, and this factor is expected to significantly drive the market's growth. Additionally, a lower rate of car ownership among millennials due to the high maintenance cost of personal cars is resulting in a rise in demand for ride-hailing services. Millennials are choosing practical, smartphone-accessible transport options that are simple, flexible, and inexpensive over car ownership. Also, buying a new car and maintaining it are more expensive than renting a vehicle every year. Transdev, for example, in December 2022, estimates that 71 million passengers will use on-demand transportation services in 2022. Hence, on-demand transportation services and a lower rate of car ownership among millennials drive the growth of the ride hailing market.
Competitive Landscape:
Major companies operating in the ride hailing market report are Daimler AG, Denso Corporation, Uber Technologies Inc., Didi Chuxing Technology Co. Ltd., Aptiv plc, Yandex.Taxi LLC, Grab Holdings Inc., Bolt Technology OÜ, Lyft Inc., Careem Networks FZ LLC, PT Gojek Indonesia, TomTom N.V., inDriver Holdings Inc., Swvl Holdings Corp., ANI Technologies Pvt. Ltd., Addison Lee Ltd., DBDOYC Inc., Yassir Inc., Comuto company, Gett Inc., VOXTUR SAS, Kaptyn Inc., Pathao Ltd., RideCell Inc., RydenGo, Shebah Pty Ltd., Beijing Xiaoju Technology Co. Ltd., Neutron Holdings Inc., Maxi Mobility S.L., Ziro Ltd.
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/ride-hailing-global-market-report
Top Trend - Innovative Features And Safety Initiatives In The Ride-Hailing Market
Ride-hailing services have been advancing in the past few years by delivering innovative facilities to riders all over the world. Using a ride-hailing app on an Android device has now become very common. For instance, Uber is a ride-hailing app from which we can request a female driver. This feature is mainly implemented to focus on the safety of a woman, which helps to stay protected with a verified profile of a female driver before committing to the journey. A major initiative is promoted by Safr, which permits female passengers to select the gender of the driver and offers complete details about the driver's training. Similarly, HopSkipDrive is another ride-hailing app that gives safe and smarter transportation solutions to children by employing professional care drivers who have a minimum of five years of experience in caregiving.
The Table Of Content For The Market Report 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
…..
27. Ride Hailing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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 Trends, Top Companies, Share, Growth And Forecast 2033 here
News-ID: 3419048 • Views: …
More Releases from The Business research company
Truck Scale Market Poised for Robust Growth, Projected to Hit $3.43 Billion by 2 …
How Much Is the Truck Scale Market Expected to Expand by 2025?
The truck scale market has experienced robust expansion lately, projected to ascend from its 2024 valuation of $2.48 billion to attain $2.66 billion by 2025, reflecting a compound annual growth rate (CAGR) of 7.0%. This past growth trajectory has been fueled by several key factors, notably the escalating requirement for precise gross vehicle weight determinations, the wider integration of…
Surging Application Across End Users Powers the Expansion of the Thermosetting A …
What Is the Projected Size of the Thermosetting Acrylic Adhesive Market by 2025?
The market for thermosetting acrylic adhesives has experienced robust expansion recently, projecting an increase from $1.16 billion in 2024 to $1.24 billion in 2025, reflecting a compound annual growth rate of 6.7%; this upswing during the past period stems from heightened requirements within the automotive sector, greater incorporation in building projects, escalating uptake in the creation of electronic…
Consistent Growth Projected for Temporary Floor Protection Market, Reaching $2 B …
How Much Is the Temporary Floor Protection Market Expected to Expand by 2025?
The temporary floor protection sector has experienced robust expansion lately, projected to elevate its market valuation from 1.41 billion USD in 2024 to 1.52 billion USD by 2025, reflecting a compound annual growth rate of 7.6 percent; this earlier period's upward trend stems from a surge in building undertakings, an upward trend in refurbishment assignments, escalating requirements within…
Accelerated Digital Transformation Fuels Expansion in the Talent Marketplace For …
What Is the Projected Size of the Talent Marketplace For Creators Market by 2025?
The sphere of the creator talent marketplace is characterized by swift expansion recently, projected to climb from a valuation of $9.65 billion in 2024 to $11.47 billion in 2025, reflecting a compound annual growth rate (CAGR) of 18.9%; this past growth trajectory has been fueled by several factors, including escalated needs for digital media output, a broadening…
More Releases for Ride
Didn't Ride BNB? Ride MOBU: Best Crypto to Buy Today
Too Late for BNB Glory? Here's the Best Crypto to Buy Today Set to Shake the Market this Q4
Are you kicking yourself for missing out on BNB's moon run? Did the "what‐if" haunt your late nights as crypto soared? If only there were a way to turn back the clock, or better yet, catch the next meme coin rocketship. BNB inspired legions of retail traders, showing how humor, virality, and…
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…
