Press release
E-Hailing Market is Anticipated to Expand upto $167.86 Billion in 2029
E Hailing
What Is the Forecasted Market Growth Rate of the E-Hailing Industry?
The surge in the e-hailing market has been significant in past years. Forecasted to increase from a value of $67.65 billion in 2024 to $80.97 billion in 2025, the market projects a compound annual growth rate (CAGR) of 19.7%. Factors that contributed to this growth in the previous period include escalating smartphone usage, greater urbanization, improved internet access, a pressing demand for comfortable transportation, and widespread acceptance of digital payments.
How Will the E-Hailing Market Size Evolve From 2025 to 2029?
In the upcoming years, a swift expansion is projected for the e-hailing market, with its value anticipated to reach $167.86 billion in 2029, growing at a 20.0% Compound Annual Growth Rate (CAGR). This projected growth for the forecast period can be ascribed to factors such as the escalating demand for eco-friendly transportation, the increasing incorporation of AI and automation technologies, a surge in the adoption of shared mobility, the rise in smart city projects, and the widening expanse of 5G connectivity. Key trends to watch during this projection period include the formation of strategic alliances, the emergence of unique ride-sharing platforms, smart tech solutions, AI integration, and overall technological developments.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/e-hailing-global-market-report
What Are the Strategic Drivers Boosting E-Hailing Market Performance?
Rising traffic congestion is anticipated to fuel the expansion of the e-hailing market in the future. This congestion is characterized by the overpopulation of roads due to a large number of vehicles, resulting in slower speeds, hold-ups, and extended travel hours. This surge in traffic is attributed to urban growth, increased vehicle count, and insufficient infrastructure. E-hailing contributes to mitigating this escalating traffic issue by encouraging ride-sharing, route optimization, and lessening the reliance on private vehicles. For example, estimates from INRIX, Inc., a US-based company that provides real-time traffic data and connected driving services, reveal that in 2022, drivers in major U.S. cities, including five that are among the world's top ten most congested places, faced an average of 51 hours mired in traffic. This is an increase of 15 hours from the previous year. As a result, the rise in traffic congestion is pushing the progress of the e-hailing market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=21952&type=smp
Which E-Hailing Market Segment Is Expected to Lead Through 2029?
The e-hailing market covered in this report is segmented -
1) By Service Type: Ride-Hailing, Taxi-Hailing, Carpooling, Peer-To-Peer (P2P) Services
2) By Vehicle Type: Cars, Three Wheelers, Two Wheelers
3) By End-Users: Personal Use, Business
Subsegments:
1) By Ride-Hailing: App-Based Ride-Hailing, Corporate Ride-Hailing, Luxury Ride-Hailing, Electric Vehicle (EV) Ride-Hailing
2) By Taxi-Hailing: Traditional Taxi-Hailing, Digital Taxi Booking, Shared Taxi Services, Subscription-Based Taxi Services
3) By Carpooling: Fixed-Route Carpooling, Dynamic Carpooling, Long-Distance Carpooling, Corporate Carpooling
4) By Peer-To-Peer (P2P) Services: Private Car Rentals, Community-Based Ride-Sharing, On-Demand P2P Rides, Subscription-Based P2P Mobility
Which Market Trends Are Expected to Dominate E-Hailing Industry Growth?
E-hailing market leaders are focusing on technology improvements, such as e-hailing platforms, in order to improve safety, efficiency, and user experience. Here, e-hailing platform is defined as a digital service that facilitates the connection between drivers and passengers for immediate transportation through a mobile application. Take for example, BozaRide, which is a South African e-hailing platform that commenced operation in Sandton, Johannesburg in March 2023. This platform was created to rival market front-runners such as Uber and Bolt. BozaRide has plans to widen its reach within the country with a focus on more enhanced security features as well as a pricing model aimed at a balanced driver remuneration. BozaRide sets itself apart by being a locally developed platform that meets the unique requirements of South African consumers.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=21952&type=smp
Which Companies Hold the Largest Market Share in the E-Hailing Sector?
Major companies operating in the e-hailing market are Uber Technologies Inc., DiDi Global Inc., AirAsia Superapp Sdn Bhd, Grab Holdings Limited, inDrive, Bolt Technology OÜ, LALAMOVE LLC, Marti Technologies, Lularides Limited, PT GoTo Gojek Tokopedia Tbk, Movex Innovation Limited, EzCab Sdn Bhd, ATOM Mobility SIA, MyCar Sdn Bhd, Yelowsoft Pvt Ltd, Hala Ride, SpotnRides, M-TRIBES GmbH, Kumpool Sdn Bhd, BozaRide Technologies Limited.
Where Is the E-Hailing Market Experiencing the Highest Growth?
North America was the largest region in the e-hailing market in 2024. The regions covered in the e-hailing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 E-Hailing Market is Anticipated to Expand upto $167.86 Billion in 2029 here
News-ID: 4258367 • Views: …
More Releases from The Business Research Company
Satellite Transponders Market Poised to Hit $26.86 Billion by 2029 with Accelera …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Satellite Transponders Market Size Growth Forecast: What to Expect by 2025?
In recent years, the market size of satellite transponders has seen consistent growth. The market, which was worth $21.02 billion in 2024, is projected to increase to $21.81 billion in 2025, showing a compound annual growth rate (CAGR)…
Reciprocating Power Generating Engine Market Growth Accelerates: Strategic Forec …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Reciprocating Power Generating Engine Industry Market Size Be by 2025?
In recent times, there's been a minor decline in the market size of reciprocating power generating engines. The market is projected to enlarge from "$52.92 billion in 2024 to $52.64 billion in 2025, representing a compound…
Emerging Trends to Reshape the Power Bank Market: Launch Of Wireless Power Banks …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Power Bank Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of power banks has been experiencing a robust growth over the past few years. It is projected to rise from $18.59 billion in 2024 to $20.24 billion in 2025, marking a compound…
Pet Wearable Market Landscape to 2034: Key Forces Shaping the Next Decade of Gro …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Pet Wearable Market Size By 2025?
The expansion of the pet wearable market has been swift and impressive in the past few years. The market value is set to rise from $3.94 billion in 2024 up to $4.49 billion in 2025, indicating a compound annual…
More Releases for Ride
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…
Key insights of Ride Sharing market: including key players BlaBlaCar, myTaxi, Wi …
efforts for energy efficiency or measures that are ecofriendly have turned into a trend that is engulfing all. Urban populations are now well aware of depleting resources of fossil fuel and their harmful repercussions, and are pledging for their share to protect the environment. One of the key efforts by common and responsible citizens of a number of countries is to share rides, also known as carpooling. Ride sharing not…
