Ride Sharing Market Forecast: Innovations Driving Mobility as a Service

Ride Sharing Market

The Summary of the Ride Sharing Market Report

The MMR offers a concise depiction of the “Ride Sharing Market” industry, delivering an in-depth analysis of the Ride Sharing market. It emphasizes standard subjects while tailoring data to suit specific requirements. This overview serves as a comprehensive guide for investors seeking insights into the current landscape of the Ride Sharing industry.

Ride Sharing Market Expansion

Ride Sharing Market was valued at USD 100.55 Billion in 2022, and it is expected to reach USD 305.43 Billion by 2029, exhibiting a CAGR of 17.2 % during the forecast period (2023-2029)

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The extent and research methodology of the Ride Sharing Market report

The Ride Sharing market report delineates present and past growth trajectories, encompassing the market’s Compound Annual Growth Rate (CAGR), size, forecasts, revenue share, and pricing trends. It also delves into industry-specific challenges, lucrative prospects, and technological advancements that empower key players to augment revenue and foster growth. Additionally, the report explores ongoing and future trends propelling the evolution of the Ride Sharing market. It includes an analysis of the competitive landscape, forthcoming technical innovations, and financial details pertinent to the Ride Sharing industry. Comprehensive company profiles, encompassing capacity, manufacturing, pricing, costs, revenue, and statistics, alongside SWOT analyses (Strengths, Weaknesses, Opportunities, and Threats), are incorporated. The assessment of the Ride Sharing market size by value and volume employs a bottom-up approach, gathering information through primary and secondary research methodologies.

Ride Sharing Market-Related Perspectives

This section within the Ride Sharing market report provides a meticulous analysis of various regions, namely North America, Asia Pacific, Europe, South America, and the Middle East and Africa, along with their respective key countries. It offers an in-depth examination of trends and significant players within each region, furnishing detailed insights into their revenues and business operations.

Ride Sharing Market Divisibility

by Service Type

• E-hailing
• Car sharing
• Station-based mobility
• Car rental

During the projection period, the e-hailing sector is expected to hold a significant share of the global market, based on type. E-hailing ride services use personal drivers, either hired or contracted, to transport customers. Furthermore, the demand for ride sharing, and specifically e-hailing, is growing as a result of increased government initiatives to raise public awareness about air pollution, passenger comfort, growing traffic congestion, and simplicity of booking. With e-hailing services, users book and pay for rides in advance through a smartphone app developed by the transportation network provider. Big players in the ride-hailing market include Uber, Ola, Lyft, and Gett. For instance, Brazil’s largest ride-hailing app, 99, is acquired by Didi Chuxing, a leading ride-hailing company. The company makes investments in smart mobility services through partnerships and initiatives.

by Business Model

• P2P car sharing
• Corporate Car Sharing

The P2P sector led the market in 2022 and is predicted to continue leading it throughout the forecast period, according to the business model. P2P car sharing is a type of vehicle sharing where users lend out their cars to other users. Furthermore, the P2P concept involves the owner travelling in the vehicle. P2P car sharing is becoming more and more common. A car becomes an expensive asset for its owner to drive; one might cut costs by splitting petrol costs when driving with others or by charging the customer appropriately. Peer-to-peer car sharing is primarily driven by convenience and accessibility, cost savings, and improved mobility options.

by Vehicle Type

• Sedan/Hatchback
• UV
• Van
• Buses & Coaches
• Bikes
• Electric Vehicle

by Target Audience

• Corporate
• Families
• Daily commuters
• Others

Ride Sharing Market Key Competitors include

• Uber Technologies Inc (US)
• Lyft, Inc (US)
• Wingz, Inc (US)
• Curb Mobility (US)
• GoKid Corporation (US)
• Via Transportation, Inc. (US)
• Hertz Corporation (US)
• AVIS Budget Group (US)
• Hitch Technologies, Inc (US)
• Flywheel (US)
• Ziro (US)
• Alto (US)
• Turo (US)
• BlaBlaCar (France)
• Gett (UK)
• Cabify (Spain)
• Bhuumi Ride (India)
• OLA Cabs (India)
• DiDi Global Inc (China)
• Grab (Singapore)
• Bridj (Australia)
• Bolt Technology OÜ (Estonia)
• GO-JEK (Indonesia)
• Angkas (Philippine)

Principal Products/Services:

  • Market Share, Size & Forecast by Revenue | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Segment, sub-segments and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Table of content for the Ride Sharing Market includes:

Part 01: Executive Summary

Part 02: Scope of the Ride Sharing Market Report

Part 03: Ride Sharing Market Landscape

Part 04: Ride Sharing Market Sizing

Part 05: Ride Sharing Market Segmentation

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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