The global ride sharing market is segmented on the basis of type, vehicle type, business model, and region. On the basis of type, the market has been segmented into Car Sharing, E-Hailing, Car Rental and Station-Based Mobility. On the basis of vehicle type, the market has been segmented into ICE Vehicle, CNG/LPG Vehicle, and Electric Vehicle. On the basis of business model, the market has been segmented into P2P, B2B, and B2C, the global Ride Sharing Market is expected to witness 10% CAGR during the period, 2019 to 2023.
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Growing congestion on roads, along with pollution emission from private vehicles has prompted people to opt for ride sharing and carpooling. This industry has some of the largest players operating globally, including Uber Technologies Inc., Lyft, Inc., and Didi Chuxing Technology Co., to name a few.
Technological advancements in the automotive industry have been on the rise in the last five years. Newer concepts such as autonomous vehicles, connected cars and electric vehicles have been at the forefront of these developments. Ride sharing, which includes an online platform for booking rides, has also witnessed tremendous growth, in terms of revenue, in the last 2 to 3 years.
The prominent players in the global Ride Sharing Market
- Uber Technologies Inc. (U.S.)
- Lyft, Inc. (U.S.)
- Didi Chuxing Technology Co. (China)
- Gett (Israel)
- ANI Technologies Pvt. Ltd. (India)
- GrabTaxi Holdings Pte. Ltd. (Singapore)
- Taxify (Estonia)
- Careem (UAE)
- Cabify (Spain)
- car2go (Germany)
Ride Sharing Market Overview:
The report for global Ride Sharing Market of market research future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Growing congestion on roads, along with pollution emission from private vehicles has prompted people to opt for ride sharing and carpooling. This industry has some of the largest players operating globally, including Uber Technologies Inc., Lyft, Inc., and Didi Chuxing Technology Co., to name a few.
Factors such as improving public transport and resistance offered by existing local taxi services, particularly in emerging countries, could, however, pose a threat to the growth of this market. However, various incentives offered by major ride sharing companies and introduction of electric vehicles in the fleet have had a positive impact on the market.
North America Ride Sharing Market Scope of the Report
This study provides an overview of the global Ride Sharing Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Ride Sharing Market by type, vehicle type, business model and region.
By Type
- Car Sharing
- E-Hailing
- Car Rental
- Station-Based Mobility
By Vehicle Type
- ICE Vehicle
- CNG/LPG Vehicle
- Electric Vehicle
By Business Model
- P2P
- B2B
- B2C
Regional Analysis:
Geographically, the global ride sharing market has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. North America is estimated to account for a significant market share in the global ride sharing market. The market in this region, dominated by the U.S., is highly consolidated with ride hailing giants such as Uber and Lyft together accounting for the majority of the market share. Agreements between corporations and ride sharing companies to reduce traffic congestion and control pollution from vehicle emissions have been major driving factors of the market in this region.
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