The market crossed US$ 85.8 billion mark in 2022 and is expected to hit US$ 185.1 billion by 2030, recording a CAGR of 16.6% during the forecast period.
The Ride Sharing Market research report by Business Market Insights includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2022 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the Ride Sharing market growth.
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Companies Profiled in this report includes:
- ANI Technologies Pvt. Ltd.
- BlaBlaCar
- Carma Technology Corporation
- DiDi (Beijing Xiaoju Technology Co, Ltd.)
- Gett, Inc.
- Grab
- Lyft, Inc.
- Car2Go
- Uber Technologies Inc.
- Quick Ride
Several factors such as rising demand for carpool and bike pool services along with growing number of online booking channels will boost the growth of the ride sharing market. Further, the improvements in public transportation supportive government regulations for boosting transport services are some of the major factors driving the growth of the ride sharing market. In addition, the growing development in eco-friendly cab services, robo-taxis are expected to contribute to market growth. The car sharing segment is expected to hold the largest market share in the market. Further, e-hailing segment is also expected to gain traction during the forecasted year.
Within the report, the ride sharing market is segmented into type, business model, and geography. On the basis of type, the ride sharing market is segmented into car sharing, e-hailing, and car rental. By business model, the market is further segmented into Business to Business (B2B), Business to Consumer (B2C), and Peer to Peer (P2P). Geographically, the ride sharing market is subsegmented into North America, Europe, Asia Pacific, and Rest of the World.
In this report, the market has been segmented on the basis of:
- · Vehicle Type
- Car Sharing
- E-Hailing
- Car Rental
- Components
- Business to Business (B2B)
- Business to Consumer (B2C)
- Peer to Peer (P2P)
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
The introduction of autonomous vehicles with advanced technologies is estimated to boost the adoption of car sharing services and technologies, thereby, posing a lucrative opportunity for the ride sharing market. Stringent emission norms and rise in the demand for reducing exhaust gas emissions is expected to fuel the ride sharing market growth. In addition, the rising fuel prices is another key factor influencing people to look after ride sharing services. For example, in May 2021, DiDi Autonomous Driving, the self-driving technology division of Didi Chuxing and GAC Aion New Energy Automobile, a wholly-owned subsidiary of Guangzhou Automobile Group, reached a strategic partnership agreement on the development of fully self-driving new energy vehicles with the goal of mass production.
The report offers in-depth assessment of the growth and other aspects of the Ride Sharing market in important regions. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
Ride Sharing Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2030.
Major Key Points of Ride Sharing Market
- Ride Sharing Market Overview
- Ride Sharing Market Competition
- Ride Sharing Market, Revenue and Price Trend
- Ride Sharing Market Analysis by Application
- Company Profiles and Key Figures in Ride Sharing Market
- Market Dynamics
- Methodology and Data Source
Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well-informed decision. Competitive landscape Ride Sharing market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.
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