Ride Sharing Market size is expected to surpass around US$ 343.35 billion by 2030

[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global ride sharing market was valued at around USD 85.43 billion in 2021 and is expected to register revenues worth USD 343.35 billion by the end of 2030, growing at an exceptional CAGR of approximately 16.7% between 2022 and 2030.

Ride Sharing Market

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Ride Sharing Market Growth Factors:

Stringent emission regulations imposed by governments of various countries across the globe in order to control the alarming rate of rise in global pollution likely to propel the adoption of shared mobility and thus the trend for ride sharing in the coming years. Furthermore, overcrowded public transportations cause high level of discomfort that in turn triggers the demand for more comfortable intercity ride models. Hence, increasing rush in the public transportation favors the growth of ride sharing.

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.

Ride Sharing Market Report Scope
Report Highlights Details
Market Size USD 343.35 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
Regional Scope North America, APAC, Europe, Latin America, MEAN, Rest of the World
Ride Sharing Market 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.

Competition Landscape

The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

Read Also@ Used Car Market Size to Worth Around US$ 2,526.02 Bn by 2030

some of the prominent 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.

Ride Sharing Market Segments

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

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. 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 and manufacturers of each region.

This section analyses region-wise revenue and volume for the forecast period of 2019 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global ride sharing market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the ride sharing market.

The report includes country-wise and region-wise market size for the period 2019-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2030.

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 Contents

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

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