Ride-Hailing Market to reach USD 342.07 billion by 2030, Supported by Urban Mobility Demand and App-Based Transportation Trends - Mordor Intelligence

Introduction

The ride-hailing market continues to play a critical role in urban transportation systems across the world. According to Mordor Intelligence, The Ride-Hailing Market size is estimated at USD 158.65 billion in 2025 and is expected to reach USD 342.07 billion by 2030, at a CAGR of 16.61% during the forecast period (2025-2030), growing at a steady pace during the forecast period. This growth reflects the increasing reliance on app-based mobility services for daily commuting, airport transfers, and short-distance travel across major cities.

Ride-hailing services have become a practical alternative to private vehicle ownership and traditional taxis. The market benefits from rising urban populations, changing travel preferences, and the convenience of smartphone-based booking platforms. The ride-hailing market analysis highlights that demand is supported by flexible pricing models, availability of multiple ride options, and growing acceptance among both consumers and drivers.

Report Overview: https://www.mordorintelligence.com/industry-reports/ride-hailing-market?utm_source=openpr

Key Market Trends

Shift Toward On-Demand Mobility: Urban consumers are increasingly favoring ride-hailing over car ownership due to convenience, predictable costs, and the elimination of parking and maintenance responsibilities.

Expansion of Service Offerings: Ride-hailing platforms are diversifying beyond basic rides by introducing pooled trips, premium vehicles, and public transport partnerships to serve varied customer needs and improve fleet efficiency.

Growing Adoption of Electric Vehicles: Operators are gradually integrating electric and hybrid vehicles to lower fuel costs and support urban emission reduction goals, making sustainability a rising focus in market analysis.

Enhanced Driver Engagement Strategies: Companies are emphasizing driver retention through flexible schedules, incentive programs, and in-app optimization tools to ensure service reliability and maintain competitive market share.

Market Segmentation
By Vehicle Type
-Two-Wheelers
-Three-Wheelers
-Passenger Cars
-Vans & MPVs
-Buses & Shuttles

By Propulsion Type
-ICE
-Hybrid
-Battery-Electric
-CNG / LPG

By Service Type
-E-Hailing
-Car-Sharing (Peer-to-Peer)
-Robo-Taxi
-Subscription-Based Ride Packages

By Booking Channel
-App-Based
-Voice / Phone

By End-User
-Personal
-Corporate / Institutional

By Geography
-North America
-South America
-Middle east&Africa
-Europe
-Asia pacific

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Key Players

Uber Technologies, Inc.

Lyft, Inc.

Grab Holdings Inc.

Bolt Technology OÜ

SUOL Innovations Ltd (inDrive)

Conclusion

The future of the ride-hailing market remains closely tied to urban development and digital adoption. As cities continue to manage congestion and transportation efficiency, ride-hailing services are expected to remain a key part of daily mobility solutions. The focus on flexible ride options, improved driver support, and cleaner vehicle fleets will support sustained ride-hailing market growth.

While regulatory frameworks differ across regions, the market's adaptability has allowed operators to adjust business models and maintain service continuity. The combination of technology-driven booking systems and evolving consumer travel habits ensures that the ride-hailing market size and relevance will continue to expand over the coming years.

For complete market analysis, please visit the Mordor Intelligence page:

https://www.mordorintelligence.com/industry-reports/ride-hailing-market?utm_source=openpr

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