openPR Logo
Press release

Ridesharing: The Next Booming Segment in the Transport Market

03-12-2018 10:16 AM CET | Logistics & Transport

Press release from: Orbis Research

Ridesharing Market

Ridesharing Market

Latest Report Available at Orbis research Ridesharing Market provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.

Request sample copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2095449

The global ridesharing market has been valued and estimated in terms of membership and revenue. By membership, the North American ridesharing market is estimated to register a CAGR of 17.69% during the forecast period of 2018-2023, while the number of memberships is expected to register a CAGR of 13.82% over the forecast period.

The scope of the report is limited to solutions offered by various players in each of the regions considered, which include North America, Europe, and Asia-Pacific, with respective country-wise analysis. The study also emphasizes on various types of memberships, such as fixed, dynamic, and corporate ridesharing. Various services, such as web-based, app-based, and web- & app-based are considered under the scope of this study. However, Uber and Lyft are not considered in the analysis, because they offer taxi and ridesharing services in multiple cities, and their drivers work for a profit, unlike traditional ridesharing.

Investors are rushing to claim a stake in the developing ridesharing market. Advances in technology that aid the adoption of ridesharing and governmental policy support, such as toll fee waivers and high-occupancy vehicle (HOV) lanes, are bolstering the market’s growth. Ridesharing has emerged as a clean, smart, and powerful tool to deal with the fallouts of urbanization and the development of megacities. It is estimated that ridesharing could reduce the number of cars needed on urban roads worldwide by over 2 million vehicles, decrease vehicle kilometers traveled by around 40 billion, and lower the corresponding end-of-life (EOL) emissions by over 16 megaton. It is also believed that ridesharing can have a positive impact on the entire automotive industry. While there might be fewer cars on the road, the amount of mileage will increase.

Browse Complete Report @ http://orbisresearch.com/reports/index/global-ridesharing-market-analysis-of-growth-trends-and-forecasts-2018-2023

Advent of Driverless Cars to Change the Market Scenario
Self-driving cars are a swiftly evolving technology, although they were still deemed science fiction, just a few years ago. However, several car companies are looking into the technology, with Tesla leading the way. Autonomous self-driving vehicles are expected to be used for ridesharing purposes.

In Yokohama, Nissan is expected to run a pilot program for Easy Ride, a mobility service the brand created in collaboration with DeNA Co. Ltd. The program is scheduled to begin on March 5, 2018, and tests will continue until March 18, 2018. The pilot program will use modified Nissan Leaf electric vehicles and be accessible to voluntary participants who sign up for the field inspections ahead of time. Similarly, Waymo already has driverless cars picking up passengers, while General Motors plans to roll out its service in 2019, and Ford indicates that it will have a self-driving fleet ready for ridesharing, by 2021.

However, the security of self-driving cars would be a significant obstacle, mainly because the technology would be of extraordinary interest to hackers. For a computer to operate an automobile, a significant amount of information would have to be handled in the cloud or some onboard hardware, which can be readily accessed by the car. As the car would be receiving or communicating with data centers, the location would be potentially accessible to people or organizations who could hack into the network, which could hinder some people from considering self-driving cars as a futuristic possibility. However, with technological advancements and advances in cyber security for cars, such obstacles can be overcome.

North America Expected to Hold a Dominant Market Share
The United States accounts for the second highest penetration rate for ridesharing, lagging behind China. In 2016, it was estimated that around 15 million adults in the United States used a ride-sharing service or other sharing economy transportation service, a 20.5% improvement over the previous year. While the segment is expected to continue its growth over the forecast period, it is expected to slow down as the market matures.
Following a massive demand in the region, European ride-sharing company Carpooling entered the US market in 2014, offering people a way to share rides for road trips that average 125 miles. Traditional automakers based out of the region have also begun investing into the ridesharing mix. Ford acquired Chariot, a private urban mass-transit company, in September 2016, to enter the ridesharing market.

Major Players: ZIMRIDE, CARMA, KANGARIDE, CARPOOLWORLD, SMART COMMUTE, VIA, SCOOP, BLABLACAR, FAXI LTD COMPANY, FLINC AG, HEETCH, LIFTSHARE, GOMORE, WUNDER, DIDI CHUXING, AND GRAB, amongst others.

Purchase a copy of Ridesharing Market visit @ http://www.orbisresearch.com/contact/purchase/2095449

For more information contact sales@orbisresearch.com

Key Developments in the Market
February 2018 - KAR Auction Services Inc., a leading US operator of car auction and salvage services, acquired fleet management software company Stratim, to enter the nascent industry of providing services to ride sharing and other transportation-as-a-service providers.

February 2018 - Ford’s chariot ride-sharing vans were expected to be launched in London. Around 14 specially-branded transit buses, capable of seating 15 passengers at a time, will run four services across South London.
February 2018 - Nissan and Hytch partnered to launch a new app called Hytch Rewards, to promote ridesharing in Tennessee. The app will be able to track route details and pay drivers and passengers, to ride together. The goal is to reduce traffic and explore future mobility solutions.
January 2018 - Alabama moved closer to setting up statewide regulations for ride-sharing companies, with a bill that passed the House of Representatives. The House voted 97-3 in favor of the bill, mostly over efforts to add specific prohibitions against discrimination.

Reasons to Purchase this Report
Understanding how the government mandates regarding use of ridesharing services are changing market scenario.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis for each region.
The membership type and service that are expected to dominate the market.
The regions that are expected to witness the fastest growth during the forecast period.

Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

Companies Mentioned:
Zimride, Carma, Kangaride, CarpoolWorld, Smart Commute, Via, Scoop, BlaBlaCar, Faxi Ltd Company, Flinc AG, Heetch, Liftshare, GoMore, Wunder, Grab, and Didi Chuxing

Some points From TOC:
1. Introduction
1.1 Scope of the Study
1.2 Executive Summary

2. Research Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Analysis Methodology
2.4 Research Phases

3. Market Insights
3.1 Market Overview
3.2 Government Initiatives and Legislations

4. Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.2.1 Cost and Time Savings for Drivers and Passengers
4.2.2 Sustainability Benefits from Lower Emissions and Fewer Vehicles on Road
4.2.3 Governmental Policy Support such as HOV Lanes and Toll Fee Waivers
4.3 Market Challenges
4.3.1 Lack of Awareness of the Concept in Rural Areas
4.3.2 Lack of Trust

For any enquires before buying, connect with us @ enquiry@orbisresearch.com

About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Information:
Hector Costello
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +9164101019
Follow Us on LinkedIn: https://www.linkedin.com/company/orbis-research
Follow us on Twitter: https://twitter.com/orbisresearch
Like us on Facebook: https://www.facebook.com/pages/Orbis-Research/820969017982115

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 Ridesharing: The Next Booming Segment in the Transport Market here

News-ID: 974159 • Views:

More Releases from Orbis Research

Blood Purification Devices Market 2023-2028 | Top Players Baxter International, Cerus Corporation, Cytosorbents Corporation, Nikkiso Co.Ltd, Asahi Kasei Corporation, Aethlon Medical, Haemonetics, Jafron, B. Braun, Fresenius
Blood Purification Devices Market 2023-2028 | Top Players Baxter International, …
Based on the type segment, the portable equipment segment is expected to hold the largest share in Blood Purification Devices in the year 2028. Professionals that are actively involved in the ongoing purification of blood tend to favour portable equipment. Equipment that is portable enables effective emergency care. Additionally, portable equipment is rather space-efficient and compact, which promotes widespread use throughout the blood-purification process. In a manner similar to how
Clean Beauty Market to Grow at 40.1% CAGR by 2028 - Key Players are Bare Minerals, The Honest Company, Fenty Beauty, Aveda Corporation, Westman Atelier, Victoria Beckham Beauty, Kora Organics, Saie, and True Botanicals
Clean Beauty Market to Grow at 40.1% CAGR by 2028 - Key Players are Bare Mineral …
Clean beauty is described as beauty and personal care products that are made with the safest possible ingredients and have the lowest possible environmental impacts. Clean beauty pertains to products that are safe, non-toxic, and clearly labelled ingredients Also, the ingredients used are cruelty-free and are screened for non-GMO feedstock and residual pesticides. Request a pdf brochure @ https://www.orbisresearch.com/contacts/request-sample/6941781 The Clean Beauty Market is valued at USD 5163.17 Million in 2021 and
Outdoor Power Equipment Market Worth USD 6.49 Bn by 2027 - Industry Trends and S …
The outdoor power equipment generally includes, brush cutters, edger, chain saws, power rakes, and more. Outdoor power equipment is commonly used by end users, such as lawn & plant care providers and landscape service providers, for commercial purposes. The global outdoor power equipment market in 2021 was valued at US$32.22 billion. The market value is projected to reach US$46.49 billion by 2027. Outdoor power equipment (OPE) is an equipment with small
Merchant API Market to reach US$119.11 billion by 2027 - Industry Trends, Growth Drivers, Key Companies and Future Opprtunities
Merchant API Market to reach US$119.11 billion by 2027 - Industry Trends, Growth …
The latest research on "Global Merchant API Market: Analysis By Molecular Type, By Segment, By Type, By Type of Synthesis, By End-User, By Region Size And Trends With Impact Of COVID-19 And Forecast up to 2027" have been added to OrbisResearch.com store. The merchant API market refers to the use of APIs by merchants, or businesses that sell goods and services, to connect their systems and processes with those of other

All 5 Releases


More Releases for Ride

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
Ride the wave of life, don’t let it ride you.
For immediate release This book “Ride the wave of life” by Anne Hofmann is aimed at helping you tackle life’s problems and become a happier and improved person in the process. It’s like having a conversation with a trusted friend, the one who always gives you great advice whenever you need it. You no longer have to be overwhelmed or intimidated by your experiences. This book is filled with practical tips and
Ride on Power Trowel Market Report 2018: Segmentation by Product (Hydrostatic Ri …
Global Ride on Power Trowel market research report provides company profile for Multiquip, Wacker Neuson, Allen Engineering, Altas Copco, Dragon, Parchem Construction, Bartell, Dynamic, MBW, Shenhua, Masterpac, Roadway and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018