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Ride Sharing Market - By Vehicle Type, By Data Service, and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 - 2026

  • ID: 5143369
  • Report
  • June 2020
  • Region: Global
  • Zion Market Research
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The global Ride Sharing market is predicted to amass revenue gains totaling approximately 261.71 (USD Billion) by 2026 and is set to record a CAGR of about 18.96% over the period from 2020 to 2026. The report offers assessment and analysis of the Ride Sharing market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Introduction

A convergence of myriad factors such as introduction of new technologies facilitating real-time ride matching across the automotive sector along with changing attitudes of the people towards car ownership will help the ride-sharing activities gain prominence as a key commuting mode over the coming years.

On-line ride sharing business, a kind of smart mobility, is also gaining traction and this will further offer impetus to the expansion of ride sharing market over the ensuing years. Today, nearly 70.1% of ridesharing sector is still unexplored globally. Citing an instance, Uber, a U.S. based firm offering ride-sharing services, contributed only 28.8% of the U.S. ride-sharing market in first half of 2017.

Apart from this, a surge in the number of managed lanes offering car-pooling incentives along with rapid emergence of car-sharing economy are set to provide new growth avenues for the ride sharing market over the years to come. With the onset of technological advancements such as IoT, Big data analytics, and AI, the ride sharing industry growth is likely to gain momentum over the foreseeable future.

Furthermore, ride sharing service has massive economic potential and can contribute to huge savings along with a massive reduction in green-house emissions. Ride-sharing can also help in reducing traffic jams and road collisions to a large-extent.

Market Growth Dynamics

An upsurge in the investments in the online ride matching platforms in the countries like the U.S. for enhancing consumer experience along with rise in the tax benefits offered to employees availing ride-sharing facility in the country like the U.S. will further prompt the market growth.

Furthermore, growing highlight of various governments on infrastructural investment aiding ridesharing activities and huge focus of original equipment manufacturers on flexible vehicle design to attract large number of commuters will create a profitable growth map for the ridesharing market during the forecast timespan. Apparently, offering of ridesharing services at reduced costs will push the industry growth over the years ahead. Growing need for increasing the passenger intake in vehicles and reducing vehicle footprints will create huge growth prospects for the ridesharing market in the coming decade.

In addition to this, thriving is also going to create huge impact on the expansion of ride sharing market. For the record, the shared mobility business in China, the U.S., and Europe was about USD 53.5 billion in 2016. This has translated into huge growth prospects for the ride sharing market in the recent years. As per the authentic reports, in 2017, China and the U.S. were the countries majorly contributing towards global shared mobility market. This, in turn, will prop up the growth of ride sharing market over the ensuing years. Apparently, the e-hailing participants accounted over 80.1% towards the shared mobility market share in both these countries during 2017. The shared mobility market is anticipated to register a quantum growth over the forecast timeline, thereby further incrementing the growth of ride sharing industry by leaps & bounds within the next couple of years.

Asia Pacific To Lead Overall Market Growth By 2026

The regional market growth during the period from 2020 to 2026 is attributed to humungous demand for ridesharing services in the countries like India and China. Additionally, a surge in the population and growing trend among the working population in these countries to avail car-sharing & car –pooling services to save time will boost the regional market trends. The huge presence of reputed ridesharing firms in countries like India, Indonesia, Singapore, and China will further contribute to the market earnings of the region.

Key players profiled in the report include DiDi, Herts, GoJek, Lyft, Gett, Uber, Lime, Grab, Ola, SoCar, and BlaBlaCar.

The global ride sharing market is segmented as follows:

By Service Type
  • E-Hailing
  • Car Sharing
  • Car Rental
  • Station-Based Mobility
By Vehicle Type
  • Internal Combustion Engine Vehicle
  • CNG/LPG Vehicle
  • Electric Vehicle
  • Micro Mobility Vehicle
By Data Service
  • Information Service
  • Navigation
  • Payment Service
  • Others
By Region
  • North America
  • The U.S.
  • Canada
  • Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa
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  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Ride Sharing Market, 2016–2026(USD Billion)
    • 2.2. Ride Sharing Market: Snapshot
  • Chapter 3. Global Ride Sharing Market– Industry Analysis
    • 3.1. Ride Sharing Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Offering of ridesharing services at reduced costs will push the industry growth over the years ahead.
      • 3.2.2. Growing requirement for increasing the passenger intake in vehicles and reducing vehicle footprints will steer the market trends
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Service Type
      • 3.4.2. Market attractiveness analysis By Vehicle Type
      • 3.4.3. Market attractiveness analysis By Data Service
  • Chapter 4. Global Ride Sharing Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Ride Sharing Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Ride Sharing Market– Service Type Analysis
    • 5.1. Global Ride Sharing Market overview: By Service Type
      • 5.1.1. Global Ride Sharing Market share, By Service Type, 2019 and 2026
    • 5.2. Car Sharing
      • 5.2.1. Global Ride Sharing Market By Car Sharing, 2016–2026(USD Billion)
    • 5.3. E-Hailing
      • 5.3.1. Global Ride Sharing Market By E-Hailing, 2016–2026(USD Billion)
    • 5.4. Station-Based Mobility
      • 5.4.1. Global Ride Sharing Market By Station-Based Mobility, 2016–2026(USD Billion)
    • 5.5. Car Rental
      • 5.5.1. Global Ride Sharing Market By Car Rental, 2016–2026(USD Billion)
  • Chapter 6. Global Ride Sharing Market– Vehicle Type Analysis
    • 6.1. Global Ride Sharing Market overview: By Vehicle Type
      • 6.1.1. Global Ride Sharing Market share, By Vehicle Type, 2019 and 2026
    • 6.2. CNG/LPG Vehicle
      • 6.2.1. Global Ride Sharing Market By CNG/LPG Vehicle, 2016–2026(USD Billion)
    • 6.3. Internal Combustion Engine Vehicle
      • 6.3.1. Global Ride Sharing Market By Glass Bottles, 2016–2026(USD Billion)
    • 6.4. Micro Mobility Vehicle
      • 6.4.1. Global Ride Sharing Market By Cans, 2016–2026(USD Billion)
    • 6.5. Electric Vehicle
      • 6.5.1. Global Ride Sharing Market By Electric Vehicle, 2016–2026(USD Billion)
  • Chapter 7. Global Ride Sharing Market– Data Service Analysis
    • 7.1. Global Ride Sharing Market overview: By Data Service
      • 7.1.1. Global Ride Sharing Market share, By Data Service, 2019 and 2026
    • 7.2. Navigation
      • 7.2.1. Global Ride Sharing Market By Navigation, 2016–2026(USD Billion)
    • 7.3. Information Service
      • 7.3.1. Global Ride Sharing Market By Information Service, 2016–2026(USD Billion)
    • 7.4. Payment Service
      • 7.4.1. Global Ride Sharing Market By Payment Service, 2016–2026(USD Billion)
    • 7.5. Others
      • 7.5.1. Global Ride Sharing Market By Others, 2016–2026(USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. DiDi
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Herts
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. GoJek
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Lyft
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Gett
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Uber
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. Lime
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Grab
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. ula
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. SoCar
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. BlaBlaCar
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product Portfolio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development
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