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PUBLISHER: The Business Research Company | PRODUCT CODE: 1217526

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1217526

Ride Hailing Global Market Report 2023

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PAGES: 175 Pages
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“Ride Hailing Global Market Report 2023 ” 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 hailing 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 coronavirus 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 hailing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The ride hailing 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 Vehicle Type: Two Wheeler; Three Wheeler; Four Wheeler; Other Vehicle Types

2) End-user: Commercial; Personal

3) By Service Type: E-Hailing; Car Sharing; Station based Mobility; Car Rental

Companies Mentioned: Uber Technologies Inc.; Grab; ANI Technologies Pvt. Ltd.; Gett Inc.; Lyft Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

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

Major players in the ride-hailing market are: Uber Technologies Inc., Grab, ANI Technologies Pvt. Ltd., Gett Inc., Lyft Inc., DiDiChuxing, Delphi Automotive, Daimler AG., BlaBlaCar, and Didi Chuxing Technology Co.

The global ride-hailing market will grow from $61.10 billion in 2022 to $70.12 billion in 2023 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The ride-hailing market is expected to grow to $122.48 billion in 2027 at a CAGR of 15.0%.

The ride-hailing market includes revenues earned by entities by connecting local drivers and assailants using an online platform to provide traveling services. 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.

Asia Pacific was the largest region in the ride-hailing market in 2022. Western Europe was the second largest region in the ride-hailing market. The regions covered in the ride-hailing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Ride-hailing refers to transportation services in which the passengers are connected with the vehicle drivers through a smartphone-based app to provide passenger transportation by automobile or van, not operated over regular routes and on regular schedules, to improve customer experience by reducing time of travel, operational cost, and ease of riding.

The ride-hailing market covered in this report is segmented by vehicle type into two-wheelers, three-wheelers, four-wheelers, and others. A two-wheeler refers to a vehicle, mainly a bicycle, having two wheels. The different types of services include e-hailing, car sharing, station-based mobility, car rental, and are used by various sectors such as commercial, personal, and

On-demand transportation services and a lower rate of car ownership among millennials are driving the growth of the ride-hailing market. On-demand transportation services are characterized by flexible routing and ad-hoc scheduling of private vehicles, offering a personal transport experience to the general public by picking up or dropping off at locations of the passenger's choice. On-demand ride-hailing services ensure that customers can accurately locate the vehicles, track their journey, and offer safety to the occupants, and this factor is expected to significantly drive the market's growth. Additionally, a lower rate of car ownership among millennials due to the high maintenance cost of personal cars is resulting in a rise in demand for ride-hailing services. Millennials are choosing practical, smartphone-accessible transport options that are simple, flexible, and inexpensive over car ownership. Also, buying a new car and maintaining it are more expensive than renting a vehicle every year. Transdev, for example, estimates that 14 million passengers will use on-demand transportation services in 2020. Hence, on-demand transportation services and a lower rate of car ownership among millennials drive the growth of the ride-hailing market.

Ride-hailing service providers need to follow several state and central laws for uninterrupted service. For instance, in the U.S., driver-related regulations include requirements for background checks, driver's licenses, vehicle registrations, special licences such as business licenses, and external vehicle displays. The company-related regulations include requirements for the number of ride-hailing vehicles operating in a metropolitan area; providing a list of drivers to the city; and sharing trip data with the city. In some countries, fingerprint-based background checks are mandatory. This is because of the reported incidents of sexual assault and violence. In February 2020, a report from the Union of Concerned Scientists shows that the average U.S. ride-hailing trip results in 69% more pollution than the transportation choices it displaces based on federal vehicle efficiency statistics. Environmental concerns have enforced certain regulations on pollution control. As a result, more stringent regulations are taking effect, and compliance with these government regulations may act as a barrier to the growth of the ride-hailing service market.

Ride-hailing services have been advancing in the past few years by delivering innovative facilities to riders all over the world. Using a ride-hailing app on an Android device has now become very common. For instance, Uber is a ride-hailing app from which we can request a female driver. This feature is mainly implemented to focus on the safety of a woman, which helps to stay protected with a verified profile of a female driver before committing to the journey. A major initiative is promoted by Safr, which permits female passengers to select the gender of the driver and offers complete details about the driver's training. Similarly, HopSkipDrive is another ride-hailing app that gives safe and smarter transportation solutions to children by employing professional care drivers who have a minimum of five years of experience in caregiving.

In August 2022, Ola Cabs, an India-based online taxi and car booking company, announced a merger agreement with Uber Technologies, Inc. for an undisclosed amount. Through this merger, both companies joined forces to improve taxi rentals, ride services, and customer experiences to enhance business outcomes. Uber Technologies, Inc. is a mobility as a service company based in the United States that pioneered food delivery, online taxi bookings, and hotel reservations.

The countries covered in the ride-hailing market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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

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

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

Product Code: r2634

Table of Contents

1. Executive Summary

2. Ride Hailing Market Characteristics

3. Ride Hailing Market Trends And Strategies

4. Ride Hailing Market - Macro Economic Scenario

4.1 COVID-19 Impact On Ride Hailing Market

4.2 Ukraine-Russia War Impact On Ride Hailing Market

4.3 Impact Of High Inflation On Ride Hailing Market

5. Ride Hailing Market Size And Growth

  • 5.1. Global Ride Hailing Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Ride Hailing Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Ride Hailing Market Segmentation

  • 6.1. Global Ride Hailing Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Two Wheeler
  • Three Wheeler
  • Four Wheeler
  • Other Vehicle Types
  • 6.2. Global Ride Hailing Market, Segmentation End-user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Commercial
  • Personal
  • 6.3. Global Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • E-Hailing
  • Car Sharing
  • Station based Mobility
  • Car rental

7. Ride Hailing Market Regional And Country Analysis

  • 7.1. Global Ride Hailing Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Ride Hailing Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Ride Hailing Market

  • 8.1. Asia-Pacific Ride Hailing 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 Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Ride Hailing Market

  • 9.1. China Ride Hailing Market Overview
  • 9.2. China Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Ride Hailing Market

  • 10.1. India Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Ride Hailing Market

  • 11.1. Japan Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Ride Hailing Market

  • 12.1. Australia Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Ride Hailing Market

  • 13.1. Indonesia Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Ride Hailing Market

  • 14.1. South Korea Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Ride Hailing Market

  • 15.1. Western Europe Ride Hailing Market Overview
  • 15.2. Western Europe Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Ride Hailing Market

  • 16.1. UK Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Ride Hailing Market

  • 17.1. Germany Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Ride Hailing Market

  • 18.1. France Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Ride Hailing Market

  • 19.1. Eastern Europe Ride Hailing Market Overview
  • 19.2. Eastern Europe Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Ride Hailing Market

  • 20.1. Russia Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Ride Hailing Market

  • 21.1. North America Ride Hailing Market Overview
  • 21.2. North America Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Ride Hailing Market

  • 22.1. USA Ride Hailing Market Overview
  • 22.2. USA Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Ride Hailing Market

  • 23.1. South America Ride Hailing Market Overview
  • 23.2. South America Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Ride Hailing Market

  • 24.1. Brazil Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Ride Hailing Market

  • 25.1. Middle East Ride Hailing Market Overview
  • 25.2. Middle East Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Ride Hailing Market

  • 26.1. Africa Ride Hailing Market Overview
  • 26.2. Africa Ride Hailing Market, Segmentation Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Ride Hailing Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Ride Hailing Market Competitive Landscape And Company Profiles

  • 27.1. Ride Hailing Market Competitive Landscape
  • 27.2. Ride Hailing Market Company Profiles
    • 27.2.1. Uber Technologies Inc.
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Grab
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. ANI Technologies Pvt. Ltd.
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Gett Inc.
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Lyft Inc.
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Ride Hailing Market

29. Ride Hailing Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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