Global Ride Sharing Market By Overview
Ride Sharing is the new concept of traveling industry. It involves sharing the rides in a motor vehicle with other people, especially commuters. Also, one can use app to book its ride in a private vehicle. Carpooling is one of the eco-friendly concepts, as sharing a car means there will be fewer cars on the road, and therefore fewer emissions. There are various prominent players in the market such as Uber, Ola, Lyft etc. providing ride to millions of peoples on the daily basis. Drivers of ride-sharing services are considered contractors, not full-time employees. It is the cheapest form of transportation due to high competition among competitors. Ride hailing is getting one customer from point A to B whereas, ride sharing involves pooled trips, and independent passengers share one vehicle to get from point A to B. The ride sharing market accounted for US$ 82.32 billion in 2020 and is estimated to be US$ 364.56 billion by 2030 and is anticipated to register a CAGR of 16.2%.
Global Ride Sharing Market By Dynamics
Rising transportation service across the globe
Ride sharing allows travelers going along on the same route by share ride; it is good step to improve transportation service in the world. It provides driver a joy for longer rides and chance to earn more. Growing need to reduce urban traffic congestion and demand for cost effective type of travel with well comfort is a major factor driving the target market growth. Additionally, growing penetration of smart devices is likely to boost the target market growth. For instance, according to data published by pewinternet.org, the smart phone adoption has grown from 35% in 2011 to 81% in 2019 in U.S. Furthermore, research and development in autonomous vehicles for ride sharing will provide a huge opportunity to the global market growth.
However, safety concerns of an individuals are the major root cause of that hamper the growth of the market. Less awareness about such rides also restrains the growth of such market.
Global Ride Sharing Market By Segmentation
Ride sharing market is segmented based on commute type, business model and region.
On the basis of commute type, the ride sharing market is segmented into long distance, corporate and short distance. On the basis of business model, the target market is segmented into P2P, B2C, and B2B.
Regional Insights:
The ride sharing market accounted for US$ 82.32 billion in 2020 and is estimated to be US$ 364.56billion by 2030 and is anticipated to register a CAGR of 16.2%. On region the ride sharing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific registered largest share in terms of revenue due to evolution of urban transportation. The rapid globalization and increasing population are the key driving factors for the growth of the target market. Another factor is the time management and cost-effective transportation which is likely to be adopted by majority of the population in this region. North America holds second position in the ride sharing market due to low transportation facilities, demand for budget friendly and effective mobility is significantly growing in this region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Commute Type- Long Distance, Corporate, and Short Distance By Business Model– P2P, B2C, and B2B |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the ride sharing market report based on commute type, business model and region.
Ride sharing Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Ride Sharing Market By Key Players
The key players operating in the ride sharing market includes Uber Technologies Inc. ANI Technologies Pvt. Ltd. (OLA), Lyft, Inc., Grab, Careem, Parity Group plc, Gett, Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing), BlaBlaCar, Wingz, Inc, Curb Mobility, Cabifysup
Uber Technologies Inc.
Their mission is to reimagine the way the world moves for the better. Uber technology helps us develop and maintain multisided platforms that match consumers looking for rides and independent providers of ride services, as well as with other forms of transportation, including public transit, bikes, and scooters.
Global Ride Sharing Market By Company Profile
- Uber Technologies Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ANI Technologies Pvt. Ltd. (OLA)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lyft, Inc.,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Grab
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Careem
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Parity Group PLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Gett
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BlaBlaCar
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Wingz, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Curb Mobility
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cabifysup
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Ride Sharing Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Commute Type
- Market Snippet, By Business Model
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Commute Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Long Distance
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Corporate
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Short Distance
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Business Model, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- P2P
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- B2C
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- B2B
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Commute Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Business Model, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Commute Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Business Model, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Commute Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Business Model, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
- Latin America
- Market Size and Forecast (US$ Bn), By Commute Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Business Model, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Commute Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Business Model, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Uber Technologies Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ANI Technologies Pvt. Ltd. (OLA)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lyft, Inc.,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Grab
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Careem
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Parity Group PLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Gett
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BlaBlaCar
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Wingz, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Curb Mobility
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cabifysup
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Ride Sharing market is segmented into basis of commute type, business model and region.
Prior to the pandemic, ride-sharing services were the most popular because they provided a convenient and cost-effective way of personal mobility through the use of a transportation network infrastructure.
By region, Asia Pacific is estimated to be the largest ride sharing market in 2021.
The Key players operating in the Ride Sharing market include Uber Technologies Inc., ANI Technologies Pvt. Ltd. (OLA), Lyft, Inc., Grab, Careem, Parity Group plc, Gett, Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing), BlaBlaCar, Wingz, Inc., Curb Mobility and Cabifysup.