PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484683
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484683
Ride-Hailing Market Size and Share Analysis by Vehicle Type (Economy, Executive, Luxury), Commuting Pattern (Daily/Weekly, Monthly, Occasionally), End User (Personal, Business) - Global Industry Revenue Estimation and Demand Forecast to 2030
Key Highlights
The ride-hailing market generated a value of USD 153.3 billion in 2023, which will rise to USD 248.3 billion, powering at a 6.1% compound annual growth rate, by 2030.
The rising advancement of information technology and smartphones has resulted in a substantial transformation in the transportation and travel sector.
The ride-sharing service needs three parties to function, specifically, service providers, drivers, and passengers.
The trend of passengers choosing car-sharing services in emerging economies like Vietnam, India, and China has improved, together with the high requirement in developed nations like the U.S. and the U.K.
This has encouraged businesses to enhance their mobile app selection and increase operations to uphold their respective share in a very competitive industry.
A major driver of this industry is on-demand transportation services that offer inclusive real-time feedback on vehicles and drivers.
It also provides innovative features like panic/SOS buttons and precise location tracking, making the ride safer for passengers.
Growing government initiatives on digitization have resulted in a significant transformation in the transportation industry.
The carpooling marketplace provides passengers with different payment choices as per their suitability, online or cash.
These service providers receive payments through online banking, digital wallets, and various other electronic payment means.
Market Insights
North America is likely to advance at the fastest compound annual growth rate, of 8%, during this decade.
The industry is characterized by strong competition between recognized players like Lyft and Uber and evolving regional providers.
The continent has a complex regulatory situation, such as an emphasis on sustainability, safety, and compliance with local rules.
APAC is advancing at an explosive compound annual growth rate, because of the surging middle-class populace, swift technology adoption, and urbanization.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by vehicle type
- 1.4.2. Market size breakdown, by commuting pattern
- 1.4.3. Market size breakdown, by end user
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
Chapter 6. Global Market
Chapter 7. North America Market
Chapter 8. Europe Market
Chapter 9. APAC Market
Chapter 10. LATAM Market
Chapter 11. MEA Market
Chapter 12. U.S. Market
Chapter 13. Canada Market
Chapter 14. Germany Market
Chapter 15. France Market
Chapter 16. U.K. Market
Chapter 17. Italy Market
Chapter 18. Spain Market
Chapter 19. Japan Market
Chapter 20. China Market
Chapter 21. India Market
Chapter 22. Australia Market
Chapter 23. South Korea Market
Chapter 24. Brazil Market
Chapter 25. Mexico Market
Chapter 26. Saudi Arabia Market
Chapter 27. South Africa Market
Chapter 28. U.A.E. Market
Chapter 29. Competitive Landscape
Chapter 30. Company Profiles
Chapter 31. Appendix
