FEATURED COMPANIES
- Addison Lee Ltd.
- Daimler AG.
- DiDi Chuxing
- inDriver
- Ola
- Uber Technologies Inc.
Ride Hailing Global Market Report 2021: COVID-19 Growth And Change To 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global ride hailing market.
This report focuses on ride hailing market which is experiencing strong growth. The report gives a guide to the ride hailing market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for the ride hailing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Ride Hailing market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider ride hailing market, and compares it with other markets.
Scope
Markets Covered:
1) By Vehicle Type: Two Wheeler; Three Wheeler; Four Wheeler; Others
2) End-user: Commercial; Personal3) By Service Type: E-Hailing; Car Sharing; Station based Mobility; Car Rental
Companies Mentioned: Uber Technologies Inc.; Grab; ANI Technologies Pvt. Ltd.; Gett Inc.; Lyft Inc.
Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
This report focuses on ride hailing market which is experiencing strong growth. The report gives a guide to the ride hailing market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Description:
Where is the largest and fastest growing market for the ride hailing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Ride Hailing market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider ride hailing market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The ride hailing market section of the report gives context. It compares the ride hailing market with other segments of the ride hailing market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, ride hailing indicators comparison.
Scope
Markets Covered:
1) By Vehicle Type: Two Wheeler; Three Wheeler; Four Wheeler; Others
2) End-user: Commercial; Personal3) By Service Type: E-Hailing; Car Sharing; Station based Mobility; Car Rental
Companies Mentioned: Uber Technologies Inc.; Grab; ANI Technologies Pvt. Ltd.; Gett Inc.; Lyft Inc.
Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Ride Hailing Market
What is the estimated value of the Global Ride Hailing Market?
What is the growth rate of the Global Ride Hailing Market?
What is the forecasted size of the Global Ride Hailing Market?
Who are the key companies in the Global Ride Hailing Market?
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Addison Lee Ltd.
- Daimler AG.
- DiDi Chuxing
- inDriver
- Ola
- Uber Technologies Inc.
1. Executive Summary2. Ride Hailing Market Characteristics3. Ride Hailing Market Trends And Strategies4. Impact Of COVID-19 On Ride Hailing28. Key Mergers And Acquisitions In The Ride Hailing Market29. Ride Hailing Market Future Outlook and Potential Analysis
5. Ride Hailing Market Size And Growth
6. Ride Hailing Market Segmentation
7. Ride Hailing Market Regional And Country Analysis
8. Asia-Pacific Ride Hailing Market
9. China Ride Hailing Market
10. India Ride Hailing Market
11. Japan Ride Hailing Market
12. Australia Ride Hailing Market
13. Indonesia Ride Hailing Market
14. South Korea Ride Hailing Market
15. Western Europe Ride Hailing Market
16. UK Ride Hailing Market
17. Germany Ride Hailing Market
18. France Ride Hailing Market
19. Eastern Europe Ride Hailing Market
20. Russia Ride Hailing Market
21. North America Ride Hailing Market
22. USA Ride Hailing Market
23. South America Ride Hailing Market
24. Brazil Ride Hailing Market
25. Middle East Ride Hailing Market
26. Africa Ride Hailing Market
27. Ride Hailing Market Competitive Landscape And Company Profiles
30. Appendix
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Addison Lee Ltd.
- Daimler AG.
- DiDi Chuxing
- inDriver
- Ola
- Uber Technologies Inc.
Major players in the ride-hailing market are Uber Technologies Inc., Grab, ANI Technologies Pvt. Ltd., Gett Inc., Lyft Inc., DiDi Chuxing, Delphi Automotive, Daimler AG., BlaBlaCar, and Didi Chuxing Technology Co.
The global ride hailing market is expected grow from $42.25 billion in 2020 to $56.87 billion in 2021 at a compound annual growth rate (CAGR) of 34.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $108.15 billion in 2025 at a CAGR of 17%.
The ride-hailing market consists of revenue generated by ride-hailing used for passenger transportation service in which the passengers are connected with the vehicle drivers through a smartphone-based app. The industry comprises establishments primarily engaged in providing passenger transportation by automobile or van, not operated over regular routes and on regular schedules. Establishments of taxicab owners/operators, taxicab fleet operators, or taxicab organizations are included in this industry.
The ride hailing market covered in this report is segmented by vehicle type into two wheeler, three wheeler, four wheeler, others. It is also segmented by end-user into commercial, personal and by service type into e-hailing, car sharing, station based mobility, car rental.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Ride-hailing service providers need to follow several state and central laws for uninterrupted services. For instance, in U.S, driver-related regulations include requirements for background checks, driver’s licenses, vehicle registrations, special licenses such as business licenses, and external vehicle displays. While, the company-related regulations include requirements for the number of ride-hailing vehicles operating in a metropolitan area, providing a list of drivers to the city, and sharing trip data with the city. In some countries, fingerprint-based background checks are mandatory. This is because of the reported incidents of sexual assault and violence. In February 2020, a report from the Union of Concerned Scientists shows that the average U.S. ride-hailing trip results in 69% more pollution than the transportation choices it displaces based on federal vehicle efficiency statistics. The environmental concern has enforced certain regulations on pollution control. Therefore, more restrict regulations are coming into force and compliance with these government regulations may act as a restraining factor to the ride-hailing service market growth.
In March 2019, Uber, an American multinational ride-hailing company acquired Careem for $3.1 billion. This provides an opportunity for both companies to rapidly expand and capitalize on the region’s underpenetrated mobility opportunity and the growing digital economy. The transaction would be the largest-ever technology industry transaction in the greater Middle East region. Careem is the internet platform for the greater Middle East region. A pioneer of the region’s ride-hailing economy, Careem is expanding services across its platform to include mass transportation, delivery, and payments.
On-demand transportation services and a lower rate of car ownership among millennials are driving the growth of the ride-hailing market. On-demand transportation services is characterized by flexible routing and ad-hoc scheduling of private vehicles offering personal transport experience to the general public by picking or dropping at locations of passenger’s choice. On-demand ride-hailing services ensure that customers can accurately locate the vehicles, track their journey, and offer safety to the occupants, and this factor is expected to significantly drive the market growth. Additionally, lower rate of car ownership among millennials due to the high maintenance cost of personal cars is resulting in the rise in demand for ride-hailing services. The millennials are choosing practical, smartphone accessible transport options that are simple, flexible and inexpensive over car ownership. Also, buying a new car and maintaining it is costlier than renting a vehicle every year. According to a survey by Cox Automotive in 2019, around 55% if Gen Z agrees that transportation is necessary but owing a car is not important which is supported by 45% millennials, 34% Gen X and 28% boomers. Hence, on-demand transportation services and a lower rate of car ownership among millennials drive the growth of the ride-hailing market.
Ride-hailing services have been advancing in the past few years by delivering innovative facilities to riders all over the world. Using a ride-hailing app on an Android device has now become very common. For instance, Uber is a ride-hailing app from which we can request a women driver. This feature is mainly implemented to focus on the safety of a woman which helps to stay protected with a verified profile of a woman driver before committing the journey. A major initiative is promoted by Safr, which permits the female passengers to select the gender of the driver, offers complete details about the driver’s training. Similarly, HopSkipDrive is another ride-hailing app that gives safe and smarter transportation solutions to children by employing professional care drivers who have a minimum of 5year experience in caregiving.
The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The global ride hailing market is expected grow from $42.25 billion in 2020 to $56.87 billion in 2021 at a compound annual growth rate (CAGR) of 34.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $108.15 billion in 2025 at a CAGR of 17%.
The ride-hailing market consists of revenue generated by ride-hailing used for passenger transportation service in which the passengers are connected with the vehicle drivers through a smartphone-based app. The industry comprises establishments primarily engaged in providing passenger transportation by automobile or van, not operated over regular routes and on regular schedules. Establishments of taxicab owners/operators, taxicab fleet operators, or taxicab organizations are included in this industry.
The ride hailing market covered in this report is segmented by vehicle type into two wheeler, three wheeler, four wheeler, others. It is also segmented by end-user into commercial, personal and by service type into e-hailing, car sharing, station based mobility, car rental.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Ride-hailing service providers need to follow several state and central laws for uninterrupted services. For instance, in U.S, driver-related regulations include requirements for background checks, driver’s licenses, vehicle registrations, special licenses such as business licenses, and external vehicle displays. While, the company-related regulations include requirements for the number of ride-hailing vehicles operating in a metropolitan area, providing a list of drivers to the city, and sharing trip data with the city. In some countries, fingerprint-based background checks are mandatory. This is because of the reported incidents of sexual assault and violence. In February 2020, a report from the Union of Concerned Scientists shows that the average U.S. ride-hailing trip results in 69% more pollution than the transportation choices it displaces based on federal vehicle efficiency statistics. The environmental concern has enforced certain regulations on pollution control. Therefore, more restrict regulations are coming into force and compliance with these government regulations may act as a restraining factor to the ride-hailing service market growth.
In March 2019, Uber, an American multinational ride-hailing company acquired Careem for $3.1 billion. This provides an opportunity for both companies to rapidly expand and capitalize on the region’s underpenetrated mobility opportunity and the growing digital economy. The transaction would be the largest-ever technology industry transaction in the greater Middle East region. Careem is the internet platform for the greater Middle East region. A pioneer of the region’s ride-hailing economy, Careem is expanding services across its platform to include mass transportation, delivery, and payments.
On-demand transportation services and a lower rate of car ownership among millennials are driving the growth of the ride-hailing market. On-demand transportation services is characterized by flexible routing and ad-hoc scheduling of private vehicles offering personal transport experience to the general public by picking or dropping at locations of passenger’s choice. On-demand ride-hailing services ensure that customers can accurately locate the vehicles, track their journey, and offer safety to the occupants, and this factor is expected to significantly drive the market growth. Additionally, lower rate of car ownership among millennials due to the high maintenance cost of personal cars is resulting in the rise in demand for ride-hailing services. The millennials are choosing practical, smartphone accessible transport options that are simple, flexible and inexpensive over car ownership. Also, buying a new car and maintaining it is costlier than renting a vehicle every year. According to a survey by Cox Automotive in 2019, around 55% if Gen Z agrees that transportation is necessary but owing a car is not important which is supported by 45% millennials, 34% Gen X and 28% boomers. Hence, on-demand transportation services and a lower rate of car ownership among millennials drive the growth of the ride-hailing market.
Ride-hailing services have been advancing in the past few years by delivering innovative facilities to riders all over the world. Using a ride-hailing app on an Android device has now become very common. For instance, Uber is a ride-hailing app from which we can request a women driver. This feature is mainly implemented to focus on the safety of a woman which helps to stay protected with a verified profile of a woman driver before committing the journey. A major initiative is promoted by Safr, which permits the female passengers to select the gender of the driver, offers complete details about the driver’s training. Similarly, HopSkipDrive is another ride-hailing app that gives safe and smarter transportation solutions to children by employing professional care drivers who have a minimum of 5year experience in caregiving.
The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Uber Technologies Inc.
- Grab
- ANI Technologies Pvt. Ltd.
- Gett Inc.
- Lyft Inc.
- DiDi Chuxing
- Delphi Automotive
- Daimler AG.
- BlaBlaCar
- Didi Chuxing Technology Co.
- Denso Corporation
- Yandex.Taxi B.V.
- Ola
- Beijing Xiaoju Technology Co. Ltd.
- TomTom NV
- Lime (US)
- inDriver
- RideCell Inc.
- Bolt Technology OÜ
- VOXTUR SAS
- Addison Lee Ltd.
Note: Product cover images may vary from those shown
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