Press release
Ride Sharing Market Size to Boost USD 430.25 Billion By 2032 | CAGR 15.9% - Published by Emergen Research
Ride Sharing Market
The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Drivers of the Ride Sharing Market :
Several factors are driving the growth of the ride-sharing market. Firstly, the proliferation of smartphones and the widespread availability of mobile internet have facilitated seamless connectivity between riders and drivers, enabling real-time booking and tracking of rides. Moreover, the cost-effectiveness and flexibility offered by ride-sharing services appeal to both passengers seeking affordable transportation options and drivers looking for supplementary income streams. Additionally, the convenience of cashless transactions and the integration of innovative features like carpooling and ride-sharing discounts further contribute to the expansion of the market.
Restraints Impacting the Ride Sharing Market :
Despite its rapid growth, the ride-sharing market is not without its challenges and constraints. One significant restraint is regulatory scrutiny and compliance issues, as many cities and jurisdictions impose strict regulations on ride-sharing companies concerning driver background checks, vehicle standards, and insurance requirements. Moreover, concerns regarding passenger safety, privacy, and security have prompted increased scrutiny and demands for enhanced safety measures and accountability from ride-sharing operators. Additionally, the emergence of alternative mobility solutions such as bike-sharing, electric scooters, and autonomous vehicles poses competitive challenges to traditional ride-sharing services.
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The report also discusses the key players involved in the market such as:
Uber Technologies Inc., Lyft, Inc., DiDi, Ola Electric Mobility Pvt Ltd, Grab, BlaBlaCar, Gojek tech, Careem, Gett, Free Now, Cabify España S.L.U, Empowered Transport Ltd, SUOL INNOVATIONS LTD, Wingz, ANI Technologies Pvt. Ltd., WHEELY, SCOOP TECHNOLOGIES PRIVATE LIMITED, Shohoz, Eagle Fleet Services Private Limited, and Tracxn Technologies Limited.
The report provides a thorough estimation of the overall impact of the pandemic on the Ride Sharing Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Ride Sharing Market
Ride Sharing Latest Industry News
On 23 October 2023, Mars Snacking, a global leader in the treats & and snacks market, announced a new cooperation with Uber and SKITTLES, as well as the launch of a new brand campaign across Uber and Uber Eats. The new partnership provides a tasty new experience for Uber Rides and Eats customers.
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Ride Sharing Market Segment Analysis :
For the purpose of this report, Emergen Research has segmented the global ride sharing market on the basis of service type, type, vehicle type, data service, distance, and region:
Service Type Outlook (Revenue, USD Billion; 2019-2032)
E-Hailing
Car Sharing
Station-based Mobility
Car Rental
Type Outlook (Revenue, USD Billion; 2019-2032)
Peer-to-Peer (P2P) Car Sharing
Corporate Car Sharing
Vehicle Type Outlook (Revenue, USD Billion; 2019-2032)
Internal Combustion Engine (ICE) Vehicle
Electric Vehicle
Compressed Natural Gas (CNG)/ Liquefied Petroleum Gas (LPG) Vehicle
Micro-Mobility Vehicle
Data Service Outlook (Revenue, USD Billion; 2019-2032)
Navigation
Information Service
Payment
Other Data Service
Distance Outlook (Revenue, USD Billion; 2019-2032)
Short Distance
Long Distance
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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