Ride Sharing

Ride Sharing Market Size Valuation Will Reach to USD 344.4 Billion by 2030 Ride Sharing Market Size, Share and Growth Analysis - Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 – 2030

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[150+ Pages Report] The ride sharing market size in terms of value is projected to reach $ 344.4 billion by 2030, at a CAGR of 16.7% between 2021 and 2030, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global ride sharing market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global ride sharing market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the ride sharing industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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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.

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.

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.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global ride sharing market are 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.

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)

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the ride sharing market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

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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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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