Ride-Sharing Market – Trends Forecast Till 2028

Ride-Sharing Market, By Type (E-hailing, Station-Based, Car Sharing & Rental), Car Sharing (P2P, Corporate), Service (Navigation, Payment, Information), Micro-Mobility (Bicycle, Scooter), Vehicle Type and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa and South America)

Published Date: June, 2021

Base Year Estimate: 2020

Report ID: D-AD-RSM-195

Format:  

Number of Pages: 435

Domain: Aerospace & Defense

Ride-Sharing Market – Trends Forecast Till 2028

The Global Ride Sharing market is anticipated to reach USD 85.6 billion in 2021 growing at a CAGR of 16.7% during the forecasting period, 2021-2028.

Ridesharing or carpooling is the sharing of car journeys amongst people with the same destination. It's not just environmentally friendly but is also economical. It uses technology for matching drivers with the passenger. Car-pooling was first practiced in the United States in the 1940s. Due to the recent environmental issues, it had become popular. But the pandemic has hit hard on the Industry due to the norms like social distancing.

Increased urbanization and increased smartphone usage along with increased causes associated with vehicle ownership are some of the factors that have supported long-term expansion for Ride Sharing industry.

Ride-Sharing Market Size

The Global Ride Sharing market is segmented into Type, Car Sharing, Service, Micro-Mobility, Vehicle Type, and geography.

The type segment is segmented into E-hailing, Station-Based, Car Sharing & Rental

Car sharing segment is segmented into P2P, Corporate

The service segment is segmented into Navigation, Payment, and Information

The micro-Mobility segment is segmented into Bicycle, Scooter

Geographically, the global Ride Sharing market is sub-segmented into North America, Europe, Asia-Pacific, Middle East, and Africa, and South America and insights are provided for each region and major countries within the regions

Key players in the global Ride Sharing market are Didi Chuxing (China), Uber Technologies, Inc (US), Gett (Israel), Lyft, Inc (US), and Grab (Singapore) among others.

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In addition to the market data for the Ride Sharing market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, a conference like Jefferies conference)—to identify and collect information useful for this study of the Ride Sharing market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial studies of the global Ride Sharing market. Through secondary, the market is classified and segmented as per of industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess prospects. The following figure depicts the market research methodology used in drafting this report on the Ride Sharing market.

The primary Respondent breakdown is given below:

Ride-Sharing Market Primary Respondents

 

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the Ride Sharing market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact the primary respondent to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for Ride Sharing market to understand the trends and the factors involved in changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 85.6 billion

Growth Rate

CAGR of 16.7% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Type, Car Sharing, Service, Micro-Mobility, Vehicle Type, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Didi Chuxing (China), Uber Technologies, Inc (US), Gett (Israel), Lyft, Inc (US), and Grab (Singapore)

Available Customization

In addition to the market data for the Ride Sharing market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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