by The ride sharing market was exceeded US$ 73.5 billion in 2020 and is projected to reach US$ 344.4 billion by 2030, expanding at an annual CAGR of 16.7 percent, according to a 2021 study by Precedence Research, the Canada-based market Insight Company. The report contains 150+ pages with detailed analysis.
The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The dairy products market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
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Market Report Scope
| Report Highlights | Details |
| Market Size | USD 344.4 Billion by 2030 |
| Growth Rate | CAGR of 16.7% from 2021 and 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Service Type, Vehicle Type, Membership Type |
Competition Landscape
In the final section of the research report, Precedence Research provided the global ride sharing market structure and a detailed competition landscape to provide a dashboard view of key players operating in the ride sharing market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.
Some of the major players in the ride-sharing market include:
DIDI Chuxing, UBER Technologies Inc., GETT, GRAB, LYFT Inc., ANI Technologies Pvt. Ltd., INTEL, BLABLACAR, TOMTOM International BV, Denso Corporation, APTIV, WAYMO, General Motors, Ford Motor Company, IBM International, CABIFY, CAR2GO, DAIMLER, and EASY Taxi among others.
Report Highlights
- Based on service type, the market is segmented into e-hailing, car rental, car sharing, and station-based mobility. In 2020, the e-hailing segment hit the largest revenue share in the global market due to comfort for passenger, increasing traffic blockages, ease of booking and rising government activities. E-hailing is generally use for a small distance, and rides for about 10 to 15 km on average.
- Based on membership type, the corporate ride sharing services are emerging rapidly in the existing market and providing alluring opportunities to the industry participants. Rapid growth in industrialization in the emerging nations has also created a challenge for the commutation service for the employees. Hence, multinational companies are more tilted towards ride sharing services in order to favor the green mobility solution for their employees as well as also to promote the healthier mode of transportation among the common public. These multinational companies tie up with some ride sharing service to avail the facility of ride sharing for daily of their employees. In 2019, MoveInSync, an office commute platform introduced GetToWork, a subscription-based service for business to consumer ride sharing app for daily office commute.
- By geography, North America is the front-runner in the global ride sharing market in terms of revenue share due to large concentration of market vendors in the United States. In addition, North America is the largest technology investor as well as innovator across the globe that favors the mart growth of ride sharing within the region. Further, the region is an industrial hub that proliferates the adoption of corporate model of ride sharing in the region.
Increase in the number of private car ownerships coupled with rise in traffic congestion are some of the other important factors that drive the market growth for ride sharing during the near future. Populated countries and cities have insufficient network of roads that leads to increase the traffic congestion. As per the Federal Highway Administration, increased traffic congestion takes more than 37% of total travelling time for the daily commuters in the United States. Furthermore, rising purchasing power of consumer in the developing countries also ignites the rising sale of passenger vehicles that in turn likely to trigger the traffic congestion and hence prospers the growth of ride sharing in the regions.
However, technology development in the construction and infrastructure field has overcome the concern for traffic congestion and thus challenges the market growth for ride sharing. Nonetheless, advancement in the vehicle technology and road infrastructure compel users to invest in the new car models and upcoming vehicles that propels the growth in sale of passenger cars and thus prospers the market growth for ride sharing in the coming years.
The rapid spread of COVID-19 in the early 2020 has disrupted the operation of various industries including automotive. Ride sharing is the main trend that gets most affected by the COVID-19 pandemic. Lockdown situation and social distancing norms were the major factors that hampered the market growth for ride sharing. Even currently, the market is still struggling hard with the consumer’s perspective to adopt individual vehicles rather than shared vehicles owing to increased health concern and awareness from the spread of COVID-19 virus.
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Market Segmentation
By Service Type
- E-hailing
- Car Rental
- Car Sharing
- Station-based Mobility
By Membership Type
- Fixed Ridesharing
- Corporate Ridesharing
- Dynamic Ridesharing
By Vehicle Type
- Electric Vehicle Mobility
- CNG/LPG Vehicle
- ICE Vehicle Mobility
- Micro-mobility
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
Secondary Research
It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and
Questionnaire based research etc.
- In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Most Asked Questions –
What was the market size value of the ride sharing in 2020?
What is the expected market size by 2030?
What is the ride sharing market growth?
What are the key factors that positively influence market growth?
Who are the prominent players in the ride sharing market?
Why should you invest in this report?
If you are aiming to enter the global ride sharing market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for ride sharing are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Service Typeing Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Ride Sharing Market, By Service Type
7.1. Ride Sharing Market, by Service Type, 2021-2030
7.1.1. E-hailing
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Car Rental
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Car Sharing
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Station-based Mobility
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Ride Sharing Market, By Membership Type
8.1. Ride Sharing Market, by Membership Type, 2021-2030
8.1.1. Fixed Ridesharing
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Corporate Ridesharing
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Dynamic Ridesharing
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Ride Sharing Market, By Vehicle Type
9.1. Ride Sharing Market, by Vehicle Type, 2021-2030
9.1.1. Electric Vehicle Mobility
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. CNG/LPG Vehicle
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. ICE Vehicle Mobility
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Micro-mobility
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Ride Sharing Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.1.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.1.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Vehicle Type(2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.2.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.2.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.3.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.3.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.4.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.5.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
Chapter 11. Company Profiles
11.1. DIDI Chuxing
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. UBER Technologies Inc.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. GETT
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. GRAB
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. LYFT Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. ANI Technologies Pvt. Ltd.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. INTEL
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. BLABLACAR
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. TOMTOM International BV
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Denso Corporation
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. APTIV
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. WAYMO
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. General Motors
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives
11.14. Ford Motor Company
11.14.1. Company Overview
11.14.2. Product Offerings
11.14.3. Financial Performance
11.14.4. Recent Initiatives
11.15. IBM International
11.15.1. Company Overview
11.15.2. Product Offerings
11.15.3. Financial Performance
11.15.4. Recent Initiatives
11.16. CABIFY
11.16.1. Company Overview
11.16.2. Product Offerings
11.16.3. Financial Performance
11.16.4. Recent Initiatives
11.17. CAR2GO
11.17.1. Company Overview
11.17.2. Product Offerings
11.17.3. Financial Performance
11.17.4. Recent Initiatives
11.18. DAIMLER
11.18.1. Company Overview
11.18.2. Product Offerings
11.18.3. Financial Performance
11.18.4. Recent Initiatives
11.19. EASY Taxi
11.19.1. Company Overview
11.19.2. Product Offerings
11.19.3. Financial Performance
11.19.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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