Ride Sharing Market

Global Ride Sharing Market by Types (E-hailing, Car Rental, Car Sharing, and Station-based Mobility), Vehicles (Electric Vehicle Mobility, CNG/LPG Vehicle, ICE Vehicle Mobility, and Micro-mobility), Services (Web Based, App Based, and Web and App Based), Communities (Intracity and Intercity), Memberships (Fixed Ridesharing, Corporate Ridesharing, and Dynamic Ridesharing), Bookings (Online and Offline), Business Models (P2P, B2B, and B2C), and Regions (AsiaPacific, North America, Europe, Latin America, and Middle East & Africa) Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028

  • Report ID: AL-4297
  • Author: Growth Market Reports
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  • No. Of Pages: 176
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The global ride sharing market size is projected to reach USD 252.8 billion by 2028, expanding at a CAGR of 16.7% during the forecast period, between 2021 and 2028. Growing demand for ride sharing is associated with the affordable pick-rise and drop, economical rides fares, co-passenger information, and higher convenience than traditional transport service providers.


Ride Sharing Market key takeaways

Ride sharing, also known as carpooling, is an arrangement in which drivers of usually private-owned vehicles offers rides and passengers obtain ride using a network such as one accessed through a website or an app. The middleman offers an app for riders and drivers to find and connect to avail services. Passengers can book or hire a taxi or cab for the decided route. Ridesharing offers benefits to the customers such as being able to transport people from one place to another, reducing travel costs as compared to solo riding, keeping people mobile and less isolated, and environmental benefits by reducing less mobility of vehicles on roads. Motorcycles, scooters, buses, vans, minivans, and auto-rickshaws are used for ride sharing services.

Market Trends, Drivers, Restraints, and Opportunities:

  • Rising efforts taken to reduce carbon emission, growing adoption of electric vehicles, and increasing use of smart transportation are boosting the market.
  • Growing adoption of smartphones and penetration of the internet associated with increasing urbanization is fueling the market.
  • Increasing prices of fuel, vehicle ownership, and maintenance is driving the ride sharing market.
  • Implementation of stringent regulatory framework for transportation, and policies imposed by government on ride sharing service providers related to license and vehicle registration are hampering the market.
  • Concern related to last-mile connectivity among consumers is hindering the market.
  • The emergence of autonomous ride sharing and mobility as a service (MaaS) are creating opportunities in the market.

Scope of the report:

The report on the global ride sharing market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Ride Sharing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Types (E-hailing, Car Rental, Car Sharing, and Station-based Mobility), Vehicles (Electric Vehicle Mobility, CNG/LPG Vehicle, ICE Vehicle Mobility, and Micro-mobility), Services (Web Based, App Based, and Web and App Based), Communities (Intracity and Intercity), Memberships (Fixed Ridesharing, Corporate Ridesharing, and Dynamic Ridesharing), Bookings (Online and Offline), Business Models (P2P, B2B, and B2C)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered

ANI Technologies Pvt. Ltd, BlaBlaCar, Cabify Spain SLU, car2go Group GmbH, DiDi Global Inc, easyTaxi, Gett, GoGet CarShare, Grab, Lyft, Inc, Uber Technologies Inc, and Via Transportation, Inc.

 

Ride Sharing Market Segment Insights:

E-hailing segment to hold significant market share

In terms of types, the global ride sharing market is segmented into e-hailing, car rental, car sharing, and station-based mobility. The portable digital radiology systems segment is expected to hold a significant share of the market during the forecast period, due to ease of booking, passenger comfort, and traffic congestion. Rising government initiatives for increasing awareness related to air pollution is propelling the market. Additionally, growing number of partnership between domestic and international players is fueling the segment during the forecast period.


Ride Sharing Market by taxonomy

App-based segment to expand in the forecasted period

On the basis of services, the global ride sharing market is segregated into web-based, app-based, and web- and app-based. The app-based segment is expected to hold a significant share of the market during the forecast period attributed to the growing trend of ride sharing app, and smart transportation. Moreover, ride sharing apps are extensively used by the urban population in their daily life. This, in turn, is anticipated to propel the segment during the forecast period.

Intercity segment estimated to grow in the near future

In terms of communities, the ride sharing market is segregated into intracity and intercity. The intercity segment is expected to hold a significant share of the market during the forecast period, as ride sharing services provide more traveling convenience. Intercity is the short-distance traveling or traveling within a city. Share riding is highly preferred by customers as compared to intracity travel, which is expected to boost the segment during the forecast period.

Corporate ride sharing segment to account for key market share

Based on memberships, the market is fragmented into fixed ridesharing, corporate ridesharing, and dynamic ridesharing. The corporate ridesharing segment is expected to hold a significant share of the market during the forecast period, due to the rapid growth in industrialization in developing countries. Moreover, many multinational companies are favoring green mobility solutions. Hence, these companies are partner or collaborate with ride sharing services to avail the facility of daily ride sharing for their employees.

Online segment to grow in the forecasted period

On the basis of bookings, the global ride sharing market is bifurcated into online and offline. The online segment is expected to hold a significant share of the market during the forecast period due to ease in convenience while booking a ride. Online ride booking offers various benefits to customers such as anytime booking, clarity, and special offers and discounts. These factors are anticipated to propel the segment during the forecast period.

P2P segment estimated to grow in the near future

In terms of business models, the market is classified as P2P, B2B, and B2C. The P2P segment is expected to hold a significant share of the market during the forecast period. In the P2P model, the vehicle owner drives the car while the ride takes place. Rising demand for the P2P business model is associated with increasing prices of fuel and vehicle maintenance. This model helps the owner and passenger in money-saving, ease in availability and convenience by expanding mobility options, which is expected to boost the segment during the forecast period.

Market in Asia Pacific to grow in the forecasted period

In terms of regions, the global ride sharing market is split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to constituted a significant share of the market in 2020, due to rapid population growth and increasing urbanization. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period, owing to the per capita income in developing region as compared to those in the West. Additionally, consumers prefer ride-sharing services over personal vehicles due to their lower income, which is propelling the market in Asia Pacific.


Ride Sharing Market by regions

Segments

By Types
  • E-hailing
  • Car Rental
  • Car Sharing
  • Station-based Mobility
By Vehicles
  • Electric Vehicle Mobility
  • CNG/LPG Vehicle
  • ICE Vehicle Mobility
  • Micro-mobility
By Services
  • Web-based
  • App-based
  • Web- and App-based
By Communities
  • Intracity
  • Intercity
By Memberships
  • Fixed Ridesharing
  • Corporate Ridesharing
  • Dynamic Ridesharing
By Bookings
  • Online
  • Offline
By Business Models
  • P2P
  • B2B
  • B2C
By Regions
  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa
By Key Players
  • ANI Technologies Pvt. Ltd
  • BlaBlaCar
  • Cabify Spain SLU
  • Car2go Group GmbH
  • DiDi Global Inc
  • EasyTaxi
  • Gett
  • GoGet CarShare
  • Grab
  • Lyft, Inc
  • Uber Technologies Inc
  • Via Transportation, Inc.

Competitive Landscape

Key players in the global ride sharing market include ANI Technologies Pvt. Ltd, BlaBlaCar, Cabify Spain SLU, car2go Group GmbH, DiDi Global Inc, easyTaxi, Gett, GoGet CarShare, Grab, Lyft, Inc, Uber Technologies Inc, and Via Transportation, Inc. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Ride Sharing Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ride Sharing Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Ride Sharing Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Ride Sharing Market - Supply Chain
  4.5. Global Ride Sharing Market Forecast
     4.5.1. Ride Sharing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Ride Sharing Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Ride Sharing Market Absolute $ Opportunity
5. Global Ride Sharing Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Ride Sharing Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Ride Sharing Demand Share Forecast, 2019-2026
6. North America Ride Sharing Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Ride Sharing Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Ride Sharing Demand Share Forecast, 2019-2026
7. Latin America Ride Sharing Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Ride Sharing Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Ride Sharing Demand Share Forecast, 2019-2026
8. Europe Ride Sharing Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Ride Sharing Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Ride Sharing Demand Share Forecast, 2019-2026
9. Asia Pacific Ride Sharing Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Ride Sharing Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Ride Sharing Demand Share Forecast, 2019-2026
10. Middle East & Africa Ride Sharing Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Ride Sharing Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Ride Sharing Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Ride Sharing Market: Market Share Analysis
  11.2. Ride Sharing Distributors and Customers
  11.3. Ride Sharing Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. ANI Technologies Pvt. Ltd
     11.4.2. BlaBlaCar
     11.4.3. Cabify Spain SLU
     11.4.4. Car2go Group GmbH
     11.4.5. DiDi Global Inc
     11.4.6. EasyTaxi
     11.4.7. Gett
     11.4.8. GoGet CarShare
By Types
  • E-hailing
  • Car Rental
  • Car Sharing
  • Station-based Mobility
By Vehicles
  • Electric Vehicle Mobility
  • CNG/LPG Vehicle
  • ICE Vehicle Mobility
  • Micro-mobility
By Services
  • Web-based
  • App-based
  • Web- and App-based
By Communities
  • Intracity
  • Intercity
By Memberships
  • Fixed Ridesharing
  • Corporate Ridesharing
  • Dynamic Ridesharing
By Bookings
  • Online
  • Offline
By Business Models
  • P2P
  • B2B
  • B2C
By Regions
  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa
By Key Players
  • ANI Technologies Pvt. Ltd
  • BlaBlaCar
  • Cabify Spain SLU
  • Car2go Group GmbH
  • DiDi Global Inc
  • EasyTaxi
  • Gett
  • GoGet CarShare
  • Grab
  • Lyft, Inc
  • Uber Technologies Inc
  • Via Transportation, Inc.

Key players in the global ride sharing market include ANI Technologies Pvt. Ltd, BlaBlaCar, Cabify Spain SLU, car2go Group GmbH, DiDi Global Inc, easyTaxi, Gett, GoGet CarShare, Grab, Lyft, Inc, Uber Technologies Inc, and Via Transportation, Inc. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Ride Sharing Market by key players

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