Ride-Sharing Market - Trends Forecast Till 2028

Market Overview

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.

Key Findings

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

Competitive Landscape

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.

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