Ride sharing, which includes services such as carpooling and car hailing, is a concept which has gained a lot of traction in the mobility market in recent years. It is a service that offers one-way or two-way transportation on short notice. This concept also includes car sharing, in which, two or more passengers travel in the same vehicle, at the same time. Ride sharing has witnessed a tremendous growth in developing economies due to consumer’s inability to own a vehicle. This service offers the convenience of travelling comfortably at a lower cost as compared to owning a vehicle and maintain it.
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Growing congestion on roads, along with pollution emission from private vehicles has prompted people to opt for ride sharing and carpooling. This industry has some of the largest players operating globally, including Uber Technologies Inc., Lyft, Inc., and Didi Chuxing Technology Co., to name a few.
Key Players Analyzed in Report are:
- Uber Technologies Inc. (U.S.)
- Lyft, Inc. (U.S.)
- Didi Chuxing Technology Co. (China)
- Gett (Israel)
- ANI Technologies Pvt. Ltd. (India)
- GrabTaxi Holdings Pte. Ltd. (Singapore)
- Taxify (Estonia)
- Careem (UAE)
- Cabify (Spain)
- car2go (Germany)
Ride Sharing Market Overview:
The report for global Ride Sharing Market of market research future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Growing congestion on roads, along with pollution emission from private vehicles has prompted people to opt for ride sharing and carpooling. This industry has some of the largest players operating globally, including Uber Technologies Inc., Lyft, Inc., and Didi Chuxing Technology Co., to name a few.
Factors such as improving public transport and resistance offered by existing local taxi services, particularly in emerging countries, could, however, pose a threat to the growth of this market. However, various incentives offered by major ride sharing companies and introduction of electric vehicles in the fleet have had a positive impact on the market.
Scope of the Report
This study provides an overview of the global Ride Sharing Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Ride Sharing Market by type, vehicle type, business model and region.
The global ride sharing market is segmented on the basis of type, vehicle type, business model, and region. On the basis of type, the market has been segmented into Car Sharing, E-Hailing, Car Rental and Station-Based Mobility. On the basis of vehicle type, the market has been segmented into ICE Vehicle, CNG/LPG Vehicle, and Electric Vehicle. On the basis of business model, the market has been segmented into P2P, B2B, and B2C.
Regional Analysis:
Geographically, the global ride sharing market has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. North America is estimated to account for a significant market share in the global ride sharing market. The market in this region, dominated by the U.S., is highly consolidated with ride hailing giants such as Uber and Lyft together accounting for the majority of the market share. Agreements between corporations and ride sharing companies to reduce traffic congestion and control pollution from vehicle emissions have been major driving factors of the market in this region.
The market is projected to witness the highest growth in the Asia Pacific region, over the forecast period. Countries such as China, Japan and South Korea are at the forefront of this growth in this region. Air pollution and parking space problems have propelled the governments of these countries, especially China, to promote the concept of ride sharing and carpooling. The market is also expected to witness tremendous growth in India, which is characterized by a high concentration of middle-class population incapable of owning private vehicles.
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Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.1. Introduction
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
5. Global Ride Sharing Market, By Type
5.1. Introduction
5.2. Car Sharing
5.2.1. Market Estimates & Forecast, 2018-2023
5.2.2. Market Estimates & Forecast By Region, 2018-2023
5.3. E-Hailing
5.3.1. Market Estimates & Forecast, 2018-2023
5.3.2. Market Estimates & Forecast By Region, 2018-2023
5.4. Car Rental
5.4.1. Market Estimates & Forecast, 2018-2023
5.4.2. Market Estimates & Forecast By Region, 2018-2023
5.5. Station-Based Mobility
5.5.1. Market Estimates & Forecast, 2018-2023
5.5.2. Market Estimates & Forecast By Region, 2018-2023
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