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Ride-Hailing Service Market Size, Share, Trends and Forecast by Vehicle Type, Service Type, Payment Method, Location Type, End User, and Region, 2025-2033- Product Image
Ride-Hailing Service Market Size, Share, Trends and Forecast by Vehicle Type, Service Type, Payment Method, Location Type, End User, and Region, 2025-2033- Product Image
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Ride-Hailing Service Market Size, Share, Trends and Forecast by Vehicle Type, Service Type, Payment Method, Location Type, End User, and Region, 2025-2033

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    Report

  • 149 Pages
  • May 2025
  • Region: Global
  • IMARC Group
  • ID: 5834358
Description Jump to:
The global ride-hailing service market size was valued at USD 191.3 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 381.3 Billion by 2033, exhibiting a CAGR of 7.97% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 35.0% in 2024. The market is driven by urbanization, increasing smartphone penetration, rising disposable income, convenience, affordability, traffic congestion concerns, digital payment adoption, growing demand for shared mobility, fuel cost fluctuations, government policies, sustainability initiatives, AI-driven route optimization, safety features, and the expansion of electric and autonomous vehicles, fostering competition.

Ride-hailing refers to the process of booking customized rides online by customers via transportation network companies (TNCs). Ride-hailing services are convenient, cost-effective, safe for riders and help offer mobility to senior citizens as well as people with disabilities. They also display the license plate and model of the car to ensure that riders get into the right vehicle and can share the route with friends and family members.

Ride-Hailing Service Market Trends:

At present, there is a rise in the trend of on-demand transportation services due to flexible routing and ad-hoc scheduling of private automobiles. These automobiles allow passengers to have a personalized transportation experience by picking up and dropping off at their preferred locations. This, along with the growing number of employment opportunities offered by ride-hailing services, represents one of the key factors driving the market. Moreover, the rising employment of autonomous vehicles in ride-hailing services to reduce carbon dioxide (CO2) emissions in the environment are propelling the growth of the market. In addition, there is an increase in the utilization of mobility-as-a-service (MaaS) among individuals to reduce traffic congestion, road injuries, and the overall discomfort associated with traveling. This, coupled with the expanding user base of ride-hailing services around the world due to easy booking of vehicles and hassle-free payments as compared to conventional taxi services, is offering lucrative growth opportunities to key players. Besides this, several ride-hailing companies are raising funds from investors to enhance their technology and deliver better services to their clients. In line with this, governments of several countries are providing subsidies to drivers for encouraging them to take more bookings, which is bolstering the market growth.

Market Segmentation:

This report provides an analysis of the key trends in each segment of the global ride-hailing service market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on vehicle type, service type, payment method, location type and end user.

Breakup by Vehicle Type:

  • Two-wheeler
  • Three-wheeler
  • Four-wheeler
  • Others

Breakup by Service Type:

  • E-hailing
  • Car Sharing
  • Car Rental
  • Others

Breakup by Payment Method:

  • Cash
  • Online

Breakup by Location Type:

  • Urban
  • Rural

Breakup by End User:

  • Personal
  • Commercial

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aptiv PLC, Be Group JSC, BlaBlaCar, Bolt Technology OÜ, FREE NOW, Gett, Grab, InDriver, Lyft Inc., Ola Cabs, Ridecell Inc., TomTom N.V. and Uber Technologies Inc.

Key Questions Answered in This Report

1. How big is the ride-hailing service market?
2. What is the future outlook of ride-hailing service market?
3. What are the key factors driving the ride-hailing service market?
4. Which region accounts for the largest ride-hailing service market share?
5. Which are the leading companies in the global ride-hailing service market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Ride-Hailing Service Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Vehicle Type
6.1 Two-wheeler
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Three-wheeler
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Four-wheeler
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Service Type
7.1 E-hailing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Car Sharing
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Car Rental
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Payment Method
8.1 Cash
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Online
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Location Type
9.1 Urban
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Rural
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by End User
10.1 Personal
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Commercial
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Aptiv PLC
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Be Group JSC
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 BlaBlaCar
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Bolt Technology OÜ
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 FREE NOW
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Gett
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Grab
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 InDriver
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 Lyft Inc.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Ola Cabs
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Ridecell Inc.
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 TomTom N.V.
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.12.4 SWOT Analysis
16.3.13 Uber Technologies Inc.
16.3.13.1 Company Overview
16.3.13.2 Product Portfolio
16.3.13.3 Financials
16.3.13.4 SWOT Analysis
List of Figures
Figure 1: Global: Ride-Hailing Service Market: Major Drivers and Challenges
Figure 2: Global: Ride-Hailing Service Market: Sales Value (in Billion USD), 2019-2024
Figure 3: Global: Ride-Hailing Service Market Forecast: Sales Value (in Billion USD), 2025-2033
Figure 4: Global: Ride-Hailing Service Market: Breakup by Vehicle Type (in %), 2024
Figure 5: Global: Ride-Hailing Service Market: Breakup by Service Type (in %), 2024
Figure 6: Global: Ride-Hailing Service Market: Breakup by Payment Method (in %), 2024
Figure 7: Global: Ride-Hailing Service Market: Breakup by Location Type (in %), 2024
Figure 8: Global: Ride-Hailing Service Market: Breakup by End User (in %), 2024
Figure 9: Global: Ride-Hailing Service Market: Breakup by Region (in %), 2024
Figure 10: Global: Ride-Hailing Service (Two-wheeler) Market: Sales Value (in Million USD), 2019 & 2024
Figure 11: Global: Ride-Hailing Service (Two-wheeler) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 12: Global: Ride-Hailing Service (Three-wheeler) Market: Sales Value (in Million USD), 2019 & 2024
Figure 13: Global: Ride-Hailing Service (Three-wheeler) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 14: Global: Ride-Hailing Service (Four-wheeler) Market: Sales Value (in Million USD), 2019 & 2024
Figure 15: Global: Ride-Hailing Service (Four-wheeler) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 16: Global: Ride-Hailing Service (Other Vehicle Types) Market: Sales Value (in Million USD), 2019 & 2024
Figure 17: Global: Ride-Hailing Service (Other Vehicle Types) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 18: Global: Ride-Hailing Service (E-hailing) Market: Sales Value (in Million USD), 2019 & 2024
Figure 19: Global: Ride-Hailing Service (E-hailing) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 20: Global: Ride-Hailing Service (Car Sharing) Market: Sales Value (in Million USD), 2019 & 2024
Figure 21: Global: Ride-Hailing Service (Car Sharing) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 22: Global: Ride-Hailing Service (Car Rental) Market: Sales Value (in Million USD), 2019 & 2024
Figure 23: Global: Ride-Hailing Service (Car Rental) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 24: Global: Ride-Hailing Service (Other Service Types) Market: Sales Value (in Million USD), 2019 & 2024
Figure 25: Global: Ride-Hailing Service (Other Service Types) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 26: Global: Ride-Hailing Service (Cash) Market: Sales Value (in Million USD), 2019 & 2024
Figure 27: Global: Ride-Hailing Service (Cash) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 28: Global: Ride-Hailing Service (Online) Market: Sales Value (in Million USD), 2019 & 2024
Figure 29: Global: Ride-Hailing Service (Online) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 30: Global: Ride-Hailing Service (Urban) Market: Sales Value (in Million USD), 2019 & 2024
Figure 31: Global: Ride-Hailing Service (Urban) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 32: Global: Ride-Hailing Service (Rural) Market: Sales Value (in Million USD), 2019 & 2024
Figure 33: Global: Ride-Hailing Service (Rural) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 34: Global: Ride-Hailing Service (Personal) Market: Sales Value (in Million USD), 2019 & 2024
Figure 35: Global: Ride-Hailing Service (Personal) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 36: Global: Ride-Hailing Service (Commercial) Market: Sales Value (in Million USD), 2019 & 2024
Figure 37: Global: Ride-Hailing Service (Commercial) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 38: North America: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 39: North America: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 40: United States: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 41: United States: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 42: Canada: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 43: Canada: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 44: Asia-Pacific: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 45: Asia-Pacific: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 46: China: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 47: China: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 48: Japan: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 49: Japan: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 50: India: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 51: India: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 52: South Korea: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 53: South Korea: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 54: Australia: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 55: Australia: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 56: Indonesia: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 57: Indonesia: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 58: Others: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 59: Others: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 60: Europe: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 61: Europe: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 62: Germany: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 63: Germany: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 64: France: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 65: France: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 66: United Kingdom: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 67: United Kingdom: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 68: Italy: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 69: Italy: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 70: Spain: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 71: Spain: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 72: Russia: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 73: Russia: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 74: Others: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 75: Others: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 76: Latin America: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 77: Latin America: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 78: Brazil: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 79: Brazil: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 80: Mexico: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 81: Mexico: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 82: Others: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 83: Others: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 84: Middle East and Africa: Ride-Hailing Service Market: Sales Value (in Million USD), 2019 & 2024
Figure 85: Middle East and Africa: Ride-Hailing Service Market: Breakup by Country (in %), 2024
Figure 86: Middle East and Africa: Ride-Hailing Service Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 87: Global: Ride-Hailing Service Industry: SWOT Analysis
Figure 88: Global: Ride-Hailing Service Industry: Value Chain Analysis
Figure 89: Global: Ride-Hailing Service Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Ride-Hailing Service Market: Key Industry Highlights, 2024 and 2033
Table 2: Global: Ride-Hailing Service Market Forecast: Breakup by Vehicle Type (in Million USD), 2025-2033
Table 3: Global: Ride-Hailing Service Market Forecast: Breakup by Service Type (in Million USD), 2025-2033
Table 4: Global: Ride-Hailing Service Market Forecast: Breakup by Payment Method (in Million USD), 2025-2033
Table 5: Global: Ride-Hailing Service Market Forecast: Breakup by Location Type (in Million USD), 2025-2033
Table 6: Global: Ride-Hailing Service Market Forecast: Breakup by End User (in Million USD), 2025-2033
Table 7: Global: Ride-Hailing Service Market Forecast: Breakup by Region (in Million USD), 2025-2033
Table 8: Global: Ride-Hailing Service Market: Competitive Structure
Table 9: Global: Ride-Hailing Service Market: Key Players
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Companies Mentioned

  • Aptiv PLC
  • Be Group JSC
  • BlaBlaCar
  • Bolt Technology OÜ
  • FREE NOW
  • Gett
  • Grab
  • InDriver
  • Lyft Inc.
  • Ola Cabs
  • Ridecell Inc.
  • TomTom N.V. and Uber Technologies Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages149
PublishedMay 2025
Forecast Period2024 - 2033
Estimated Market Value ( USD ) in 2024 $ 191.3 Billion
Forecasted Market Value ( USD ) by 2033 $ 381.3 Billion
Compound Annual Growth Rate8.0%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Ride Hailing Market

The Ride Hailing market is a subset of the Consumer Services industry, which provides transportation services to customers. Ride Hailing services are typically provided through mobile applications, allowing customers to request a ride from a nearby driver. Customers can choose from a variety of vehicle types, such as cars, vans, and motorcycles, and can pay for their ride using cash or digital payment methods. Ride Hailing services are often used for short-distance trips, such as commuting to work or running errands. Ride Hailing services have become increasingly popular in recent years, as they offer a convenient and cost-effective way to get around. They also provide an alternative to traditional taxi services, which can be more expensive and less reliable. Ride Hailing services have also been embraced by businesses, as they provide a way to quickly and easily transport employees and customers. Some of the major companies in the Ride Hailing market include Uber, Lyft, Didi Chuxing, Ola, and Grab. Show Less Read more

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