Ride Sharing Global Market Report 2024

Description

“Ride Sharing Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on ride sharing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
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 shares.
Benchmark performance against key competitors.
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 along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for ride sharing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The ride sharing market global report ” from The Business Research Company 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.

Scope

Markets Covered:

1) By Type: Car Sharing; E-Hailing; Car Rental; Station-Based Mobility
2) By Membership type: Fixed Ridesharing; Corporate Ridesharing; Dynamic Ridesharing
3) By Target Audience: Corporate; Families; Daily Commuters; Other Target Audiences
4) By Business Model: P2P; B2B; B2C
5) By Application: Android; IOS; Other Applications
Companies Mentioned: ANI Technologies Pvt. Ltd.; BlaBlaCar SA; Cabify Espana S.L.U; Careem Networks FZ LLC; Gett
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
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, expenditure per capita,
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.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Ride sharing involves the practice of multiple individuals commuting together to and from their workplaces or attending postsecondary institutions using a single motor vehicle. This concept encompasses carpooling and vanpooling.

The primary forms of ride sharing include car sharing, e-hailing, car rental, and station-based mobility. Car sharing entails renting a vehicle for a short duration from a private owner through a peer-to-peer car rental company. Ride-sharing memberships come in various types, including fixed ridesharing, corporate ridesharing, and dynamic ridesharing. The target audiences for ride-sharing services are corporations, families, daily commuters, and other groups. Various business models are employed, such as peer-to-peer (P2P), business-to-business (B2B), and business-to-consumer (B2C). Ride sharing finds applications across a range of platforms, including Android, iOS, and others.

The ride sharing market research report is one of a series of new reports from The Business Research Company that provides ride sharing market statistics, including ride sharing industry global market size, regional shares, competitors with a ride sharing market share, detailed ride sharing market segments, market trends and opportunities, and any further data you may need to thrive in the ride sharing industry. This ride sharing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ride sharing market size has grown rapidly in recent years. It will grow from $112.24 billion in 2023 to $134.09 billion in 2024 at a compound annual growth rate (CAGR) of 19.5%. The expansion observed in the historical period can be ascribed to the proliferation of smartphones, trends in urbanization, increasing traffic congestion, a growing awareness of environmental issues, the appeal of cost-effective transportation, and the popularity of flexible and on-demand services.

The ride sharing market size is expected to see exponential growth in the next few years. It will grow to $280.91 billion in 2028 at a compound annual growth rate (CAGR) of 20.3%. The expansion projected for the forecast period can be credited to improved safety and security measures, progress in autonomous vehicle technology, a heightened emphasis on sustainability and green initiatives, the extension of services into underserved and rural areas, and the optimization of dynamic pricing. Key trends expected during the forecast period encompass multimodal transportation, solutions for micro-mobility, the adoption of contactless payments, subscription services, integration with smart cities, partnerships with public transit, and the incorporation of in-app features for accessibility.

The anticipated growth of the ride-sharing market is set to be driven by the increasing prevalence of smart devices. Smart devices, characterized by advanced computing, including AI and machine learning, facilitate the formation of the Internet of Things (IoT). These devices play a crucial role in monitoring drivers for rideshare companies and are envisioned to enhance personalization in the future when self-driving vehicles are shared by multiple users. A survey conducted by Oberlo, a Germany-based drop-shipping platform, reported that in 2022, 57.4 million households in the US were using smart home devices, marking a 6.7% increase from 2021 when 53.8 million households were utilizing such devices. This surge in smart device penetration is consequently propelling the ride-sharing market.

The growth of the ride-sharing market is also expected to be fueled by the rising adoption of smartphone devices. Smartphones, with integrated computers and advanced capabilities, contribute significantly to the accessibility, convenience, and technological advancement of ride-sharing services for a diverse user base. According to a February 2023 report by Uswitch Limited, a UK-based online comparison service, there were 71.8 million active mobile connections in 2022, reflecting a 3.8% increase from 2021. The projection that 95% of the UK's 68.3 million population will possess smartphones by 2025 further emphasizes the role of smartphone adoption in driving the growth of the ride-sharing market.

A prominent trend in the ride-sharing market is the incorporation of technological innovations. Ridesharing, facilitated by apps such as Scoop, as well as industry giants Uber and Lyft venturing into carpooling, exemplifies the transformative impact of technological advancements. These platforms have gained popularity by highlighting benefits such as cost savings compared to solo driving and addressing transportation demand management in the modern era. In November 2022, Uber Technologies Inc. introduced technology-led safety features, including seatbelt reminders, updated safety kits, anomaly detection during rides, and SOS integration with local police. The ability to identify extended stops and unexpected detours enhances rider safety and overall experience.

Innovative products are a focus for major companies in the ride-sharing market to expand their customer base and boost revenue. Travel features, enhancing the overall travel experience, have become a distinctive offering in transportation services. Uber Technologies Inc. introduced Uber Travel in January 2023, featuring Smart Itineraries. This unique feature simplifies ride booking by allowing travelers to seamlessly import trip details into the Uber app, enabling the scheduling of rides in advance for different segments of their journey.

In January 2022, Uber Technologies Inc. acquired Car Next Door, an Australia-based peer-to-peer car rental service, with the aim of providing Australians with an economical and convenient alternative to private automobile ownership, especially for journeys less suitable for traditional ride-sharing, such as errands or day trips.

Major companies operating in the ride sharing market report are ANI Technologies Pvt. Ltd., BlaBlaCar SA, Cabify Espana S.L.U, Careem Networks FZ LLC, Gett, GrabTaxi Holdings Pte. Ltd., Lyft Inc., Uber Technologies Inc., Didi Chuxing Technology Co., Aptiv plc, TomTom International BV, Daimler AG, Bolt Technology OU, Zimride, Denso Corporation, Yandex, Beijing Xiaoju Technology Co Ltd., Via Transportation Inc., Scoop Technologies Inc., Wingz Inc., Curb Mobility LLC, PT Gojek Indonesia, Easy Taxi Servicos Ltda., Beat Mobility SA, Juno USA LP, Grab Holdings Inc., Free Now, Bolt Mobility Corp., ViaVan, Ryde Technologies Pte Ltd

North America was the largest region in the ride sharing market in 2023. The regions covered in the ride sharing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the ride sharing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The ride sharing market includes revenues earned by entities by providing services such as real-time tracking of drivers, real-time ride tracking sharing, multiple drop-off locations, and multiple payment options. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11309

1. Executive Summary

2. Ride Sharing Market Characteristics

3. Ride Sharing Market Trends And Strategies

4. Ride Sharing Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Ride Sharing Market Size and Growth

5.1. Global Ride Sharing Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Ride Sharing Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Ride Sharing Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Ride Sharing Market Segmentation

6.1. Global Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Car Sharing
E-Hailing
Car Rental
Station-Based Mobility
6.2. Global Ride Sharing Market, Segmentation By Membership type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fixed Ridesharing
Corporate Ridesharing
Dynamic Ridesharing
6.3. Global Ride Sharing Market, Segmentation By Target Audience, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Corporate
Families
Daily Commuters
Other Target Audiences
6.4. Global Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
P2P
B2B
B2C
6.5. Global Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Android
IOS
Other Applications

7. Ride Sharing Market Regional And Country Analysis

7.1. Global Ride Sharing Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Ride Sharing Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Ride Sharing Market

8.1. Asia-Pacific Ride Sharing Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Ride Sharing Market

9.1. China Ride Sharing Market Overview
9.2. China Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Ride Sharing Market

10.1. India Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Ride Sharing Market

11.1. Japan Ride Sharing Market Overview
11.2. Japan Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Ride Sharing Market

12.1. Australia Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Ride Sharing Market

13.1. Indonesia Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Ride Sharing Market

14.1. South Korea Ride Sharing Market Overview
14.2. South Korea Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Ride Sharing Market

15.1. Western Europe Ride Sharing Market Overview
15.2. Western Europe Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Ride Sharing Market

16.1. UK Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Ride Sharing Market

17.1. Germany Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Ride Sharing Market

18.1. France Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Ride Sharing Market

19.1. Italy Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Ride Sharing Market

20.1. Spain Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Ride Sharing Market

21.1. Eastern Europe Ride Sharing Market Overview
21.2. Eastern Europe Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Ride Sharing Market

22.1. Russia Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Ride Sharing Market

23.1. North America Ride Sharing Market Overview
23.2. North America Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Ride Sharing Market

24.1. USA Ride Sharing Market Overview
24.2. USA Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Ride Sharing Market

25.1. Canada Ride Sharing Market Overview
25.2. Canada Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Ride Sharing Market

26.1. South America Ride Sharing Market Overview
26.2. South America Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Ride Sharing Market

27.1. Brazil Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Ride Sharing Market

28.1. Middle East Ride Sharing Market Overview
28.2. Middle East Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Ride Sharing Market

29.1. Africa Ride Sharing Market Overview
29.2. Africa Ride Sharing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Ride Sharing Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Ride Sharing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Ride Sharing Market Competitive Landscape And Company Profiles

30.1. Ride Sharing Market Competitive Landscape
30.2. Ride Sharing Market Company Profiles
- 30.2.1. ANI Technologies Pvt. Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. BlaBlaCar SA
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Cabify Espana S.L.U
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Careem Networks FZ LLC
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Gett
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Ride Sharing Market Competitive Benchmarking

32. Global Ride Sharing Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Ride Sharing Market

34. Ride Sharing Market Future Outlook and Potential Analysis

34.1 Ride Sharing Market In 2028 - Countries Offering Most New Opportunities
34.2 Ride Sharing Market In 2028 - Segments Offering Most New Opportunities
34.3 Ride Sharing Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer