Ride Sharing Market - Trends Forecast Till 2028

Ridesharing Market is segmented by Membership Type (Fixed Ridesharing, Dynamic Ridesharing, and Corporate Ridesharing), Service Type (Web-Based, App-Based, and Web and App-Based), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-AU-RSM-993

Format:  

Number of Pages: 361

Domain: Automotive

Ride Sharing Market – Trends Forecast Till 2028

The Global Ride Sharing Market is projected to grow at a CAGR of 17.6% during the forecast period, 2021-2028.

A ridesharing company (also known as a transportation network company, ride-hailing service; the vehicles are called app-taxis or e-taxis) is a company that, via websites and mobile apps, matches passengers with drivers of vehicles for hire that, unlike taxicabs, cannot legally be hailed from the street.

The increasing cost of vehicle ownership, the need to reduce traffic for environmental concerns, and government regulations promoting ridesharing options are some of the factors that have supported long-term expansion for Ride Sharing Market.

The outbreak of COVID-19 has severely impacted the overall transportation industry. Due to the COVID-19, the demand for ride-hailing and car-sharing services had decreased around the world in 2020.

Ride Sharing Market Research Report

Asia Pacific, developing countries are expected to experience significant growth, primarily in urban transportation. The high population growth rate in the region and increasing urbanization have intensified the need for transportation.

Ride Sharing Market is segmented into membership type, service type and region.

On the basis of Membership Type

  • Fixed Ridesharing
  • Dynamic Ridesharing
  • Corporate ridesharing

On the basis of Service Type  

  • Web based
  • App based
  • Web and app based

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Ride Sharing Market Primary Respondent

 

Key Players

  • Via Transportation, Inc.
  • BlaBlaCar
  • Scoop Technologies, Inc.
  • Didi Chuxing Technology Co
  • Zimride Inc.

Recent Developments

  • In May 2021, The GrabPet XL and GrabCar Exec services provide more options for Grab passengers with different mobility requirements while expanding earning opportunities for eligible driver-partners.
  • In April 2021, Uber Technologies, Inc. and Walgreens unveiled a new feature that would allow consumers to book vaccination appointments at a Walgreens location and also schedule their Uber ride to the vaccination appointment, all with a few taps through the Uber app. With all adults in the US eligible to receive the COVID-19 vaccine, Uber and Walgreens remain focused on helping ensure that transportation is never a barrier to receiving a vaccination.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of 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 so as to understand the trends and the factors involved behind 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

Growth Rate

CAGR of 17.6% 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

membership type, service type and region.

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 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

Via Transportation, Inc., BlaBlaCar, Scoop Technologies, Inc., Didi Chuxing Technology Co and Zimride Inc.

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