Global Ride Hailing Service Market

Ride hailing service enables passengers to hail a vehicle using online platforms like Uber, Ola, Grb, and Lyft. It provide as one of the most comfortable means of transportation as it offers door-to-door services. Furthermore, while hailing a ride, information of the passenger and the driver is exchanged and making this service safer than traditional services.



Market Drivers

Increase in population in developing countries like India, and China is considered as driving factor which is expected to boost the global ride hailing service market. Furthermore, increase in preference for carpool and bike pool services among regular office commuters is expected to propel the market growth. Moreover, rise in trend of mobility-as-a service will have the positive impact on market growth. For instance, according Bureau of Transportation Statistics the average cost to own and operate vehicle is around USD 8,858 assuming 15K miles traveled every year.

Market restraints

However, low rate of internet penetration in developing countries is the major challenging factor which is expected to hinder the global ride hailing service market growth.

Market Segmentation

Global Ride Hailing Service Market is segmented into service type such as E-hailing, Car Rental, Car Sharing, and Station Based Mobility, by vehicle type such as Two-Wheeler, Three-Wheeler, Four-Wheeler, and Others. Further, market is segmented into location type such as Urban, and Rural, and by end user such as Institutional, and Personal.

Also, Global Ride Hailing Service Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.

Market Key Players

Various key players are discussed Denso Corporation, Uber Technologies, Lyft, Grab, nuTonomy, Gett, Daimler AG, ANI Technologies, and TomTom NV

Market Taxonomy

By Service Type

• E-hailing
• Car Rental
• Car Sharing
• Station Based Mobility

By Vehicle Type

• Two-Wheeler
• Three-Wheeler
• Four-Wheeler
• Others

By Location Type

• Urban
• Rural

By End User

• Institutional
• Personal

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Ride Hailing Service Market?
• What will be the growth rate from 2019 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?

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