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Ride Hailing Services Market Size, Share & Trends Analysis Report By Offering (E-hailing, Car Sharing, Rental), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), And Segment Forecasts, 2022 - 2030

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    Report

  • 83 Pages
  • November 2022
  • Region: Global
  • Grand View Research
  • ID: 5702168
The global ride hailing services market is expected to reach USD 104.93 billion by 2030., expanding at a CAGR of 15.7% from 2022 to 2030. Growth of the ride-hailing services market is significantly driven by the expansion of the key players in the new geographies and increasing consumer ridership owing to the convenience and comfort.

Consumers inclination to avoid large overhead cost of car ownership and its maintenance, coupled with the increasing traffic congestion and lack of parking spaces fuels the global market growth. Rural population is noticeably migrating to urban areas and metro cities for various reasons leading to dense population. Furthermore, emerging ride-hailing apps and taxi-booking apps are driving the global ride-hailing and taxi market, coupled with the increasing internet service penetration and increasing affordability of the smartphones.

Large number of operators offering offline channels for booking a ride and consumer behavior are attributed for the higher market share of the ride hailing services in the global market. Offline channels have been widely used for the booking a ride with transportation network companies and taxi companies by phone or travel agents.

Emergence of new technology and market players in the local market are expanding consumer base at the local level and facilitating growth of the market at global level. Increasing affordability of smartphone and internet penetration is rising the dependency on the digital solutions across various industries, including ride-hailing services. Rising share of the millennial and generation z among the consumer group is shifting the overall consumer statistics from traditional services to ride-hailing, fueling the global market growth.

Rise in demand for luxury car services at affordable prices, especially among millennials is anticipated to create growth opportunities for the market. Majority of millennials avoid buying cars, saving the ownership, maintenance, and fuel costs along with road tax. Increasing use of public transport is reducing traffic congestions and is proving beneficial for the environment. A common trend that has been noticed in countries including India, China, and Australia is the payment made by digital mode owing to the convenience it offers to both drivers as well as passenger. Ride-hailing is emerging as one of the most popular model due to the lack of parking space in most of the metro cities.

The automotive industry has a major share in the greenhouse gas emission. The government along with the private organizations in the automotive industry are collaborating on taking efforts to curb the rising CO2 emission. Various organizations like the International Institute for Sustainable Development of Canada, the Indian Ministry of Environment and Climate Change as well as the Paris Agreement on Climate Change have set aspiring targets and norms. There, these norms and regulations are likely to drive the use of these type of sharing services over private car ownership.

Ride Hailing Services Market Report Highlights

  • Some of the services such as Ola and Uber also facilitate real-time vehicle tracking, sharing it with one’s kin and friends, feedback, and rating system. The availability of multiple service providers has given customers an edge as it gives them a chance to compare the service and rates. A recent study by the University of Pennsylvania highlighted that the expansion of ride hailing services has reduced the instances of drunk driving, which makes these vehicles a safer option
  • The E-hailing market segment dominated the ride hailing services market with a share of 58.3% in 2021. The rapid adoption of smart phone devices such as smartphone, smart wearables, and the increasing use of the internet has attributed to the growth of E-hailing services
  • The Asia-Pacific regional market is growing as a result of ride-hailing services becoming more advanced. The influence of charging infrastructure is increasing the attraction of electric vehicles for ride hailing. Such noteworthy advancements stimulate regional market expansion, which in turn supports global market expansion

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Offering Outlook
2.3. Regional Outlook
Chapter 3. Ride Hailing Services Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on Ride Hailing Services Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Ride Hailing Services Market
3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Ride Hailing Services Market: Offering Estimates & Trend Analysis
5.1. Offering Movement Analysis & Market Share, 2021 & 2030
5.2. E-hailing
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Car Sharing
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Rental
5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Ride Hailing Services: Regional Estimates & Trend Analysis
6.1. Regional Movement Analysis & Market Share, 2021 & 2030
6.2. North America
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.2.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
6.2.3. The U.S.
6.2.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.2.3.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
6.2.4. Canada
6.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.2.4.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
6.3. Europe
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
6.3.3. The U.K.
6.3.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3.3.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
6.3.4. Germany
6.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3.4.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
6.3.5. France
6.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3.5.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
6.4.3. China
6.4.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.3.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
6.4.4. India
6.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.4.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
6.4.5. Japan
6.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.5.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.5.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
6.5.3. Brazil
6.5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.5.3.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.6.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
6.6.3. UAE
6.6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.6.3.2. Market estimates and forecast, by offering, 2017 - 2030 (USD Million)
Chapter 7. Competitive Analysis
7.1. Key global players, recent developments & their impact on the industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.3.1. Key company market share analysis, 2021
Chapter 8. Company Profiles
8.1. Uber
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Lyft
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Via
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Juno
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Xoox
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Wheely
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. ViaVan
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. My Taxi
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Gett
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Addison Lee
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
List of Tables
1. Ride Hailing Services - Key market driver analysis
2. Ride Hailing Services - Key market restraint analysis
3. Global e-hailing market estimates and forecast, 2017 - 2030 (USD Million)
4. Global car sharing market estimates and forecast, 2017 - 2030 (USD Million)
5. Global rental market estimates and forecast, 2017 - 2030 (USD Million)
6. North America ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
7. North America ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
8. U.S. ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
9. U.S. ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
10. Canada ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
11. Canada ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
12. Europe ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
13. Europe ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
14. Germany ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
15. Germany ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
16. U.K. ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
17. U.K. ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
18. France ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
19. France ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
20. Asia Pacific ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
21. Asia Pacific ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
22. China ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
23. China ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
24. India ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
25. India ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
26. Japan ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
27. Japan ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
28. Central & South America ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
29. Central & South America ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
30. Brazil ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
31. Brazil ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
32. Middle East & Africa ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
33. Middle East & Africa ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
34. UAE ride hailing services market estimates and forecast, 2017 - 2030 (USD Million)
35. UAE ride hailing services market revenue, by offering, 2017 - 2030 (USD Million)
36. Vendor landscape
List of Figures
1. Ride hailing services market snapshot
2. Ride hailing services market segmentation & scope
3. Ride hailing services market penetration & growth prospect mapping
4. Ride hailing Services value chain analysis
5. Ride hailing services market dynamics
6. Ride hailing services market Porter's analysis
7. Ride hailing services market: Offering movement analysis
8. Ride hailing services market: Application movement analysis
9. Ride hailing services market: Distribution Channel movement analysis
10. Ride hailing services market: Regional movement analysis

Companies Mentioned

  • Uber
  • Lyft
  • Via
  • Juno
  • Xoox
  • Wheely
  • Viavan
  • My Taxi
  • Gett
  • Addison Lee

Methodology

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Table Information