Ride-sharing Market by Type (E-hailing, Station-Based, Car Sharing & Rental), Car Sharing (P2P, Corporate), Service (Navigation, Payment, Information), Micro-Mobility (Bicycle, Scooter), Vehicle Type, and Region - Global Forecast to 2026
[221 Pages Report] The global ride-sharing market is projected to grow at a CAGR of 16.6% during the forecast period, from an estimated market size of USD 85.8 billion in 2021 to USD 185.1 billion by 2026. The ride-sharing market has gained popularity over the past few years because companies are trying to make transportation more reliable, convenient, enjoyable, and safe. The prime purpose of such transportation is to reduce emissions, vehicle trips, and traffic congestion. Ride-sharing allows getting rid of vehicle ownership, maintenance, and component replacement costs, which makes it more popular among the millennials. The initial factors such as inconvenience caused by using public transport, unavailability of first & last mile transportation, and rising awareness among people regarding air pollution are currently driving the demand for ride-sharing, predominantly e-hailing.
Though the pandemic has impacted most mobility service providers (MSPs), it has also made the MSPs change their business models or offerings. The MSPs have diverted and gained momentum in e-Commerce, food delivery, and last-mile delivery.
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Market Dynamics
DRIVER: Increase in cost of vehicle ownership
The ownership of a vehicle is cumulative of multiple factors such as finance, fuel, maintenance, registration/taxes, maintenance & repair, and depreciation. With each year, the cost of vehicle ownership increases. Though, according to American Automobile Association (AAA), depreciation contributes to ~43% of the ownership cost, the other costs, such as maintenance and fuel costs, contribute ~25% together. Fuel prices and maintenance costs have increased multifold in the past few years, and the same trend is estimated to continue without any decline. As cities are increasingly cramped with people and cars, owning an automobile has become more of a liability than an asset. According to AAA, the average cost to own and operate a new car increased by USD 279 in 2020, compared with 2019, to reach USD 9,561.
As the millennial generation has little to no interest in owning a car, the rate of car ownership among people aged between 18 and 35 has declined. Other reasons for the decline in car ownership are poor connectivity by public transportation in key cities and the increasing trend of online shopping, among others.
Though the trend of car ownership has grown during the pandemic, it is expected to return to the pre-pandemic trend after 2021. Hence, ride-sharing service providers can capitalize on these demographics as the new tech-savvy generation constitutes one of the largest user bases of these services.
RESTRAINT: Varying Transport policies of different countries and Resistance from traditional transport services
In many countries, the operations of app-based mobility services are not regulated by a legal authority. Hence, their operation is not defined and regulated by the government. Taxi services are required to obtain separate licenses and registration. This makes it difficult for app-based taxi services, as many app-based companies do not own the vehicles.
Regulators worldwide have proposed or adopted requirements regarding the collection, use, transfer, security, storage, and other processing of personally identifiable information and other data relating to individuals. These laws increase in numbers, enforcement, fines, and other penalties. Examples of such regulations are the European Union’s General Data Protection Regulation (GDPR), enacted in May 2018 in the EU. The California Consumer Privacy Act (CCPA), effective from January 2020, also regulates consumer data collection in the ride-sharing business.
Stringent regulations related to vehicle registration and licenses make it difficult for an app-based taxi fleet that provides ride-sharing services. This has negatively impacted the growth of ride-sharing services in many countries and regions.
OPPORTUNITY : Emergence of autonomous ride-sharing
Autonomous vehicles are still in the development stages. Many OEMs have working prototypes, which are being tested in different regions. Many companies are competing to bring a fully autonomous vehicle to the market. These include Lyft, Ford, Uber, Honda, Toyota, and Tesla. Waymo, the autonomous vehicle division of Alphabet, Google’s parent company, has begun testing trip fares with its early riders as it launches its commercial ride-sharing service in Phoenix this year. Considering these factors, developing autonomous vehicles will drive the ride-sharing market in the next 6–7 years.
CHALLENGE: COVID-19 impact on Profitability & Sustainability of transport network companies
The industry suffered losses due to the pandemic, where the various ride-sharing services were completely closed. In 2020, Uber’s losses were USD 6.7 billion, Lyft reported a loss of USD 1.8 billion, and Grab’s losses were USD 0.8 billion. On the contrary, based on secondary research reports, Didi Chuxing earned a profit of ~USD 1 billion in 2020. Even after following all COVID safety guidelines, attracting customers has not been easy. Considering the COVID second wave, which has struck European countries, and the possibility of a third wave, the ride-sharing industry would still struggle to bring back customers, at least till Q3 of 2021. Gaining customer trust and recovering lost revenues will be the two biggest challenges for mobility service providers in the coming years.
The e-hailing segment by type is expected to hold the largest market share in 2021
The growing demand for e-hailing services can be attributed to ease of booking, increasing traffic congestion, passenger comfort, and rising government initiatives to increase awareness among people regarding air pollution are propelling the demand for ride-sharing, predominantly e-hailing. Also, the increasing partnership between domestic and international service providers, such as Uber and Didi in China, will likely help the e-hailing market grow.
The bikes/Bicycles segment is estimated to be the largest as well as fastest for the micro-mobility market
Bike/bicycle sharing offers an economical option offering adequate comfort for shorter commutes; hence it is gaining popularity in many countries across regions. Bicycles are eco-friendly and consume less time, and as services are readily available, they are suitable for a single person's ride. Further, electric bikes/bicycles are also becoming popular because electric assist the rider in uphill conditions, and even if the battery dies, he or she can still peddle the bike. Bike sharing is gaining more traction in Asian countries such as China, and Japan, because most cities have paved bicycle lanes, and the topography is a little flat compared to Western countries. Hence, to ease traffic jams, micro-mobility such as bike/bicycle are the most suitable mode of transportation and would remain prominent in urban areas.
Short distance segment leads the ride-sharing market
The short-distance segment is estimated to account for a major share market as most of the ride-sharing models are based on an intercity short-distance model. Consumers prefer short-distance ride-sharing services such as e-hailing and micro-mobility for traveling to public transportation modes such as bus stations and railway stations and shopping, parties, and visiting friends and relatives. Many ride-sharing companies focus on several ride-sharing options under the 30–40 km range. Lyft and Uber provide carpooling options for shorter distances, and Ola has Ola Share to reduce the commute cost per customer and attract more customers choosing shorter-distance ride sharing. Thus, using a personal car or public transport for short journeys makes travel inconvenient in city traffic. Thus, to save fuel cost and time, coupled with growing awareness among people regarding air pollution in urban areas, ignite the increased demand for ride-sharing services for the short-distance commute.
The Asia Pacific is estimated to be the largest market in 2021
The market in the Asia Pacific region is projected to be the largest for the ride-sharing market. In the Asia Pacific, ride-sharing services are emerging rapidly in developing countries of India, China, and Indonesia primarily due to the growing migration of skilled workforces into urban areas from rural places. This will act as a growth attribute for ride-sharing as the passenger does not necessarily require a personal vehicle for a short commute, which saves fuel costs and sharing mobility and reduces travel time and congestion due to fewer vehicles on the road. Ride-sharing can help address various issues, such as traffic congestion, air pollution, and greenhouse gas emissions, which have risen due to the rise in urban population. Also, the region is home to some of the dominant players in this market, such as Didi, Go-Jek, Grab, and Ola. These factors are anticipated to fuel the Asia Pacific ride-sharing market
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Key Market Players
Didi Chuxing (China), Uber Technologies, Inc (US), Gett (Israel), Lyft, Inc (US), and Grab (Singapore). These companies adopted new product launches and expansion to gain traction in the ride-sharing market.
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|
Report Attributes |
Details |
|
Market size value in 2021: |
USD 85.8 billion |
|
Projected to reach 2026: |
USD 185.1 billion |
|
CAGR: |
16.6% |
|
Base Year Considered: |
2020 |
|
Forecast Period: |
2021-2026 |
|
Largest Market: |
Asia Pacific |
|
Region Covered: |
Asia Pacific, Europe, North America, and RoW |
|
Segments Covered: |
By service type, Car sharing market, by type, vehicle type, Micro-mobility market, by vehicle type, data service, distance, and region |
|
Companies Covered: |
Didi Chuxing (China), Uber Technologies, Inc (US), Gett (Israel), Lyft, Inc (US), and Grab (Singapore) |
This research report categorizes the given ride sharing market based on based on service type, Car sharing market, by type, vehicle type, Micro-mobility market, by vehicle type, data service, distance, and region
Market, By Service Type
- E-hailing
- Car sharing
- Station-based mobility
- Car rental
Car Sharing Market, by Type
- P2P car sharing
- Corporate Car Sharing
Market, By Vehicle Type
- ICE vehicle
- Electric vehicle
- CNG/LPG vehicle
- Micro-Mobility vehicle
Micro-Mobility Market, by Vehicle Type
- Bike/bicycle
- Scooter
- Other micro-mobility vehicles
Market, By Data Service
- Navigation
- Information service
- Payment
- Other data services
Market, By Distance
- Short Distance
- Long Distance
Market, By Region
- Asia Pacific
- North America
- Europe
- Rest of the World
Recent Developments
- In May 2021, The GrabPet XL and GrabCar Exec services will provide more options for Grab passengers with different mobility requirements while expanding earning opportunities for eligible driver-partners.
- In April 2021, Uber Technologies, Inc. and Walgreens unveiled a new feature that would allow consumers to book vaccination appointments at a Walgreens location and schedule their Uber ride to the vaccination appointment, all with a few taps through the Uber app. With all adults in the US eligible to receive the COVID-19 vaccine, Uber and Walgreens remain focused on helping ensure that transportation is never a barrier to receiving a vaccination.
- In January 2021, Gett raised USD 115 million, led by new backer Pelham Capital Investments Ltd., and included participation from unnamed existing investors. Including this round, Gett raised USD 750 million, with investors including VW, Access, and its founder Len Blavatnik, Kreos, MCI, and more, and its last valuation was USD 1.5 billion, pegged to a USD 200 million fundraise in May 2019
- In July 2020, Lyft launched The Lyft pass enabled a means to allow organizations to cover the costs of rides for their people—from employees and essential workers to customers, guests, and patients—while prioritizing safety, convenience, and flexibility.
- In February 2020, OLA expanded its services to London. The Ola platform would be fully operational with three categories: Comfort, Comfort XL, and Exec ride classes. Ola had over 25,000 drivers registered on the platform, bringing scale to its London offering immediately.
- In February 2020, Grab raised an investment of over USD 850 million from Japanese investors, including Mitsubishi UFJ Financial Group Inc. and TIS Inc. This investment will be used to create accessible and affordable financial services for Southeast Asia to boost financial inclusion in the region.
Frequently Asked Questions (FAQ):
How big is the ride-sharing market?
USD 85.8 billion in 2021 to USD 185.1 billion by 2026 at a CAGR of 16.6% over the forecast period for ride-sharing market.
Which service type is currently leading the ride sharing market?
E-hailing is leading service type in the ride sharing market.
Many companies are operating in the ride sharing market space across the globe. Do you know who are the front leaders, and what strategies have been adopted by them?
Didi Chuxing (China), Uber Technologies, Inc (US), Gett (Israel), Lyft, Inc (US), and Grab (Singapore). These companies adopted new product launches and expansion strategies to gain traction in the ride sharing market.
How is the demand for ride sharing varies by region?
The market in the Asia Pacific region with presence of China the largest ride sharing market in the world is projected to be the largest. Ride sharing can help address various issues such as traffic congestion, air pollution, and greenhouse gas emissions, which have risen due to the rise in urban population. Also, the region is home to some of the dominant players in this market, such as Didi, Go-Jek, Grab, and Ola.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 22)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
TABLE 1 MARKET DEFINITIONS
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 YEARS CONSIDERED IN THE STUDY
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 27)
2.1 RESEARCH DATA
FIGURE 1 RESEARCH DESIGN
FIGURE 2 RESEARCH METHODOLOGY MODEL
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources to estimate ride sharing market
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY STAKEHOLDER, DESIGNATION, & REGION
2.1.2.1 List of primary participants
2.2 MARKET ESTIMATION METHODOLOGY
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE: BOTTOM-UP APPROACH (SERVICE TYPE AND REGION)
2.2.2 TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE: TOP-DOWN APPROACH (VEHICLE TYPE)
FIGURE 7 MARKET SIZE: TOP-DOWN APPROACH (DATA SERVICE)
2.2.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE
2.3 DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION METHODOLOGY
2.4 RESEARCH ASSUMPTIONS
2.4.1 GLOBAL ASSUMPTIONS
TABLE 2 GLOBAL ASSUMPTIONS
2.4.2 SEGMENT ASSUMPTIONS
TABLE 3 SEGMENT ASSUMPTIONS
2.5 FACTOR ANALYSIS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 40)
3.1 INTRODUCTION
3.1.1 PRE- VS POST-COVID-19 SCENARIO
FIGURE 9 PRE- & POST-COVID-19 SCENARIO: MARKET SIZE, 2018–2026 (USD MILLION)
TABLE 4 MARKET SIZE: PRE- VS. POST-COVID-19 SCENARIO, 2018–2026 (USD MILLION)
3.2 REPORT SUMMARY
FIGURE 10 MARKET SIZE, BY SERVICE TYPE, 2021 VS. 2026 (USD MILLION)
FIGURE 11 MARKET, YOY GROWTH, BY COUNTRY, 2020
4 PREMIUM INSIGHTS (Page No. - 44)
4.1 ATTRACTIVE OPPORTUNITIES IN THE ELECTRIC VEHICLE RIDE SHARING SPACE
FIGURE 12 RISING POPULATION & URBANIZATION TO DRIVE THE MARKET
4.2 MARKET, BY SERVICE TYPE
FIGURE 13 E-HAILING ESTIMATED TO LEAD THE GLOBAL MARKET IN 2021 (USD MILLION)
4.3 MARKET, BY VEHICLE TYPE
FIGURE 14 ELECTRIC VEHICLES ARE PROJECTED TO SHOWCASE THE FASTEST GROWTH AMONG RIDE SHARING CARS OVER THE FORECAST PERIOD
4.4 CAR SHARING MARKET, BY TYPE
FIGURE 15 P2P CAR SHARING TO DOMINATE THE CAR SHARING MARKET IN 2021
4.5 MARKET, BY DATA SERVICE
FIGURE 16 NAVIGATION TO ACCOUNT FOR THE MAJOR SHARE IN THE RIDE SHARING DATA SERVICES MARKET
4.6 MICRO-MOBILITY MARKET, BY VEHICLE TYPE
FIGURE 17 BIKE/BICYCLE TO LEAD THE MICRO-MOBILITY VEHICLE MARKET
4.7 MARKET, BY DISTANCE
FIGURE 18 SHORT DISTANCE TO ACCOUNT FOR THE DOMINANT SHARE BY 2026
4.8 MARKET, BY REGION
FIGURE 19 ASIA PACIFIC TO ACCOUNT FOR THE LARGEST SHARE OF THE MARKET IN 2021
5 MARKET OVERVIEW (Page No. - 49)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 RIDE SHARING : MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increase in urbanization and internet and smartphone penetration
5.2.1.1.1 Increase in Urbanization
FIGURE 21 URBANIZATION RATE, 2019–2020
5.2.1.1.2 Increase in usage of Smartphones and growing internet penetration
FIGURE 22 SMARTPHONE PENETRATION IN MAJOR COUNTRIES, 2018–2019
5.2.1.2 Increase in costs associated with vehicle ownership
FIGURE 23 AVERAGE COST PER CAR, 2015 VS 2020 (CENTS PER MILE)
TABLE 5 US: SHARE OF LIGHT-DUTY VEHICLE PURCHASE BY AGE GROUP, 2000-2015
5.2.2 RESTRAINTS
5.2.2.1 Varying Transport policies of different countries and resistance from traditional transport services
5.2.3 OPPORTUNITIES
5.2.3.1 New business models to cover losses in ride sharing business
5.2.3.1.1 Food & Freight Delivery
5.2.3.1.2 Micro-mobility
TABLE 6 MODE OF TRANSPORTATION VARIES BY DISTANCE, MILES
5.2.3.2 Emergence of autonomous ride sharing
5.2.4 CHALLENGES
5.2.4.1 COVID-19 impact on profitability & sustainability of transport network companies
FIGURE 24 REVENUES, BY KEY SERVICE PROVIDERS, 2018–2020 (USD BILLION)
5.3 MARKET: AN ECOSYSTEM
FIGURE 25 MARKET ECOSYSTEM
5.4 MARKET ECOSYSTEM
TABLE 7 ROLE OF COMPANIES IN THE MARKET ECOSYSTEM
5.5 PORTER’S FIVE FORCES ANALYSIS
TABLE 8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 26 THE BARGAINING POWER OF BUYERS IS HIGH DUE TO THE PRESENCE OF LOW-COST REGIONAL PLAYERS
5.5.1 INTENSITY OF COMPETITIVE RIVALRY
5.5.2 THREAT OF SUBSTITUTES
5.5.3 BARGAINING POWER OF SUPPLIERS
5.5.4 BARGAINING POWER OF BUYERS
5.5.5 THREAT OF NEW ENTRANTS
5.6 SUPPLY CHAIN ANALYSIS
FIGURE 27 SUPPLY CHAIN ANALYSIS: MARKET
5.7 CASE STUDIES
5.8 PATENT ANALYSIS
5.9 MARKET SCENARIO
FIGURE 28 MARKET SCENARIO, 2018–2026 (USD MILLION)
5.9.1 REALISTIC SCENARIO
TABLE 9 REALISTIC SCENARIO: MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
5.9.2 LOW IMPACT SCENARIO
TABLE 10 LOW-IMPACT SCENARIO: MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
5.9.3 HIGH IMPACT SCENARIO
TABLE 11 HIGH-IMPACT SCENARIO: MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
5.10 TECHNOLOGY ANALYSIS
5.10.1 IMPACT OF VEHICLE AUTOMATION ON RIDE HAILING
TABLE 12 LEVELS OF AUTOMATION
5.10.1.1 Impact of automation L2 on ride hailing
5.10.1.2 Impact of automation L3 on ride hailing
5.10.1.3 Impact of automation L4/L5 on ride hailing
TABLE 13 AUTONOMOUS CARS FOR RIDE HAILING: NEW PRODUCT/SERVICE DEVELOPMENTS
TABLE 14 AUTONOMOUS CARS FOR RIDE HAILING: DEALS
5.10.2 AUTONOMOUS VEHICLES AND VEHICLE CONNECTIVITY
5.10.2.1 Vehicle-to-cloud (V2C)
5.10.2.2 Vehicle-to-pedestrian (V2P)
5.10.2.3 Vehicle-to-infrastructure (V2I)
5.10.2.4 Vehicle-to-vehicle (V2V)
5.11 REGULATORY ANALYSIS
6 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 72)
6.1 ASIA PACIFIC TO LEAD THE GLOBAL MARKET
6.2 MICRO-MOBILITY: KEY FOCUS AREAS
6.3 CONCLUSION
7 RIDE SHARING MARKET, BY SERVICE TYPE (Page No. - 74)
7.1 INTRODUCTION
7.1.1 RESEARCH METHODOLOGY
7.1.2 ASSUMPTIONS
7.1.3 INDUSTRY INSIGHTS
FIGURE 29 GLOBAL MARKET SIZE, BY SERVICE TYPE, 2021 VS 2026 (USD MILLION)
TABLE 15 GLOBAL MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 16 GLOBAL MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
7.2 E-HAILING
TABLE 17 TOP E-HAILING SERVICE PROVIDERS
7.2.1 E-HAILING TO LEAD DUE TO EASE OF BOOKING AND INCREASING TRAFFIC CONGESTION
TABLE 18 E-HAILING MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 19 E-HAILING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
7.3 CAR SHARING
TABLE 20 TOP CAR SHARING SERVICE PROVIDERS
7.3.1 COST-EFFECTIVENESS TO FUEL THE CAR SHARING MARKET
TABLE 21 CAR SHARING MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 22 CAR SHARING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
7.4 CAR RENTAL
TABLE 23 TOP CAR RENTAL SERVICE PROVIDERS
7.4.1 CAR RENTAL TO GROW AS IT ELIMINATES THE BURDEN OF OWNERSHIP COST OF VEHICLES
TABLE 24 CAR RENTAL MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 25 CAR RENTAL MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
7.5 STATION-BASED MOBILITY
TABLE 26 TOP STATION-BASED SERVICE PROVIDERS
7.5.1 CONVENIENCE & COST-EFFECTIVENESS OF STATION-BASED MOBILITY TO DRIVE THE SERVICE DEMAND
TABLE 27 STATION-BASED MOBILITY MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 28 STATION-BASED MOBILITY MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8 RIDE SHARING MARKET, BY DATA SERVICE (Page No. - 84)
8.1 INTRODUCTION
8.1.1 RESEARCH METHODOLOGY
8.1.2 ASSUMPTIONS
8.1.3 INDUSTRY INSIGHTS
FIGURE 30 GLOBAL MARKET SIZE, BY DATA SERVICE, 2021 VS. 2026 (USD MILLION)
TABLE 29 GLOBAL MARKET SIZE, BY DATA SERVICE, 2018–2020 (USD MILLION)
TABLE 30 GLOBAL MARKET SIZE, BY DATA SERVICE, 2021–2026 (USD MILLION)
8.2 INFORMATION
8.2.1 GROWTH IN THE NUMBER OF SERVICE OFFERINGS BY RIDE SHARING COMPANIES TO FUEL THE INFORMATION SEGMENT
TABLE 31 RIDE SHARING INFORMATION SERVICES MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 32 RIDE SHARING INFORMATION SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8.3 NAVIGATION
8.3.1 NAVIGATION WOULD BE THE MOST IMPERATIVE DATA SERVICE FOR RIDE SHARING SERVICE PROVIDERS
TABLE 33 RIDE SHARING NAVIGATION SERVICES MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 34 RIDE SHARING NAVIGATION SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8.4 PAYMENT
8.4.1 INCREASE IN ADOPTION OF DIGITAL PAYMENT SYSTEMS IN THE MARKET
TABLE 35 RIDE SHARING PAYMENT SERVICES MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 36 RIDE SHARING PAYMENT SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8.5 OTHER DATA SERVICES
TABLE 37 OTHER DATA SERVICES MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 38 OTHER DATA SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
9 RIDE SHARING MARKET, BY VEHICLE TYPE (Page No. - 92)
9.1 INTRODUCTION
9.1.1 RESEARCH METHODOLOGY
9.1.2 ASSUMPTIONS
9.1.3 INDUSTRY INSIGHTS
FIGURE 31 GLOBAL MARKET SIZE, BY VEHICLE TYPE, 2021 VS. 2026 (USD MILLION)
TABLE 39 GLOBAL MARKET SIZE, BY VEHICLE TYPE, 2018–2020 (USD MILLION)
TABLE 40 GLOBAL MARKET SIZE, BY VEHICLE TYPE, 2021–2026 (USD MILLION)
9.2 INTERNAL COMBUSTION ENGINE (ICE) VEHICLE
9.2.1 ICE VEHICLES TO DOMINATE THE GLOBAL RIDE SHARING INDUSTRY
FIGURE 32 COMPARISON OF RUNNING COST PER MONTH ICE VS EV, 2020 (USD)
TABLE 41 ICE VEHICLE RIDE SHARING MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 42 ICE VEHICLE RIDE SHARING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
9.3 CNG/LPG VEHICLE
9.3.1 HIGH ADOPTION IN INDIA AND CHINA TO MAKE ASIA PACIFIC THE LARGEST CNG/LPG RIDE SHARING MARKET
TABLE 43 CNG/LPG VEHICLE RIDE SHARING MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 44 CNG/LPG VEHICLE RIDE SHARING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
9.4 ELECTRIC VEHICLE
9.4.1 ELECTRIC VEHICLES TO CAPTURE A SIGNIFICANT SHARE OF ICE VEHICLE RIDE SHARING
TABLE 45 ELECTRIC VEHICLE RIDE SHARING MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 46 ELECTRIC VEHICLE RIDE SHARING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
9.5 MICRO-MOBILITY
9.5.1 ASIA PACIFIC TO BE THE LARGEST MARKET FOR MICRO-MOBILITY
TABLE 47 MICRO-MOBILITY RIDE SHARING MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 48 MICRO-MOBILITY RIDE SHARING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
10 MICRO-MOBILITY MARKET, BY VEHICLE TYPE (Page No. - 100)
10.1 INTRODUCTION
10.1.1 RESEARCH METHODOLOGY
10.1.2 ASSUMPTIONS
10.1.3 INDUSTRY INSIGHTS
FIGURE 33 MICRO-MOBILITY MARKET SIZE, BY VEHICLE TYPE, 2021 VS. 2026 (USD MILLION)
TABLE 49 MICRO-MOBILITY MARKET SIZE, BY VEHICLE TYPE, 2018–2020 (USD MILLION)
TABLE 50 MICRO-MOBILITY MARKET SIZE, BY VEHICLE TYPE, 2021–2026 (USD MILLION)
10.2 BIKE/BICYCLE
10.2.1 ASIA PACIFIC TO DOMINATE THE BICYCLE SHARING MARKET OWING TO THE PRESENCE OF LEADERS SUCH AS OFO AND MOBIKE
TABLE 51 BIKE/BICYCLE RIDE SHARING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
TABLE 52 BIKE/BICYCLE: MICRO-MOBILITY MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
10.3 SCOOTERS
10.3.1 HIGHER DEMAND FOR SCOOTERS FROM ASIAN COUNTRIES TO DRIVE SEGMENTAL GROWTH
TABLE 53 SCOOTER RIDE SHARING MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 54 SCOOTER RIDE SHARING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
10.4 OTHER MICRO-MOBILITY VEHICLES
TABLE 55 OTHER MICRO-MOBILITY VEHICLES MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 56 OTHER MICRO-MOBILITY VEHICLES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11 RIDE SHARING MARKET, BY DISTANCE (Page No. - 107)
11.1 INTRODUCTION
11.1.1 RESEARCH METHODOLOGY
11.1.2 ASSUMPTIONS
11.1.3 INDUSTRY INSIGHTS
FIGURE 34 GLOBAL MARKET SIZE, BY DISTANCE, 2021 VS. 2026 (USD MILLION)
TABLE 57 GLOBAL MARKET SIZE, BY DISTANCE, 2018–2020 (USD MILLION)
TABLE 58 GLOBAL MARKET SIZE, BY DISTANCE, 2021–2026 (USD MILLION)
11.2 SHORT DISTANCE
11.2.1 E-HAILING AND STATION-BASED MOBILITY TO LEAD THE MARKET FOR SHORT-DISTANCE RIDE SHARING
TABLE 59 SHORT-DISTANCE RIDE SHARING MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 60 SHORT-DISTANCE RIDE SHARING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.3 LONG DISTANCE
11.3.1 CAR RENTALS TO DRIVE THE MARKET FOR LONG-DISTANCE RIDE SHARING
TABLE 61 LONG-DISTANCE RIDE SHARING MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 62 LONG-DISTANCE RIDE SHARING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
12 CAR SHARING MARKET, BY TYPE (Page No. - 112)
12.1 INTRODUCTION
12.1.1 RESEARCH METHODOLOGY
12.1.2 ASSUMPTIONS
12.1.3 INDUSTRY INSIGHTS
FIGURE 35 CAR SHARING MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION)
TABLE 63 CAR SHARING MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
TABLE 64 CAR SHARING MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
12.2 P2P CAR SHARING
TABLE 65 TOP PLAYERS OFFERING P2P CAR SHARING
12.2.1 P2P TO LEAD THE CAR SHARING MARKET WITH ADVANTAGES SUCH AS CONVENIENCE, AVAILABILITY, AND MONETARY SAVINGS
TABLE 66 P2P CAR SHARING MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 67 P2P CAR SHARING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
12.3 CORPORATE CAR SHARING
TABLE 68 TOP PLAYERS OFFERING CORPORATE CAR SHARING
12.3.1 CORPORATE CAR SHARING PEGGED TO GROW AS PEOPLE TRAVELING FOR BUSINESS PURPOSES ARE EASIER TO FIND
TABLE 69 CORPORATE CAR SHARING MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 70 CORPORATE CAR SHARING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
13 RIDE SHARING MARKET, BY REGION (Page No. - 118)
13.1 INTRODUCTION
13.1.1 RESEARCH METHODOLOGY
13.1.2 ASSUMPTIONS
13.1.3 INDUSTRY INSIGHTS
FIGURE 36 GLOBAL MARKET SIZE, BY REGION, 2021 VS. 2026 (USD MILLION)
TABLE 71 GLOBAL MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 72 GLOBAL MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
TABLE 73 GLOBAL MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 74 GLOBAL MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.2 ASIA PACIFIC
TABLE 75 ASIA PACIFIC: TOP PLAYERS
TABLE 76 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 77 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
FIGURE 37 ASIA PACIFIC: MARKET SNAPSHOT
13.2.1 CHINA
13.2.1.1 China to be the largest in the overall ride-sharing market with the presence of the largest player, Didi
TABLE 78 CHINA: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 79 CHINA: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.2.2 INDIA
13.2.2.1 India to be the fastest-growing market in Asia Pacific
TABLE 80 INDIA: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 81 INDIA: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.2.3 JAPAN
13.2.3.1 Station-based mobility estimated witness fastest market growth in Japan
TABLE 82 JAPAN: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 83 JAPAN: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.2.4 SINGAPORE
13.2.4.1 Singapore: The third-largest market for ride sharing in Asia Pacific owing to the presence of leading players such as Grab
TABLE 84 SINGAPORE: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 85 SINGAPORE: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.2.5 INDONESIA
13.2.5.1 Indonesia estimated to be the second-largest market for ride sharing in Asia Pacific
TABLE 86 INDONESIA: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 87 INDONESIA: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.2.6 AUSTRALIA
13.2.6.1 Car sharing is estimated to experience the fastest growth in the Australian ride sharing market
TABLE 88 AUSTRALIA: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 89 AUSTRALIA: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.3 EUROPE
TABLE 90 EUROPE: TOP PLAYERS
FIGURE 38 EUROPE: MARKET SIZE, BY COUNTRY, 2021 VS. 2026 (USD MILLION)
TABLE 91 EUROPE: MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 92 EUROPE:MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
13.3.1 UK
13.3.1.1 UK to be the largest market for e-hailing in Europe
TABLE 93 UK: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 94 UK: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.3.2 GERMANY
13.3.2.1 Car sharing to be the largest market, following e-hailing in Germany
TABLE 95 GERMANY: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 96 GERMANY: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.3.3 FRANCE
13.3.3.1 E-hailing to be the largest market for ride sharing in France
TABLE 97 FRANCE: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 98 FRANCE: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.3.4 ITALY
13.3.4.1 Station-based mobility to witness highest CAGR for ride sharing in Italy
TABLE 99 ITALY: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 100 ITALY: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.3.5 RUSSIA
13.3.5.1 Station-based mobility to register highest growth rate in ride sharing in Russia
TABLE 101 RUSSIA: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 102 RUSSIA: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.3.6 SPAIN
13.3.6.1 E-hailing to be the largest in the Spainses ride sharing market
TABLE 103 SPAIN: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 104 SPAIN: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.3.7 TURKEY
13.3.7.1 Turkey to be the fastest-growing market for ride sharing in Europe
TABLE 105 TURKEY: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 106 TURKEY: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.3.8 NETHERLANDS
13.3.8.1 Station-based mobility has the great potential market in the Netherlands
TABLE 107 NETHERLANDS: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 108 NETHERLANDS: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.4 NORTH AMERICA
TABLE 109 NORTH AMERICA: TOP PLAYERS
TABLE 110 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 111 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
FIGURE 39 NORTH AMERICA: MARKET SNAPSHOT
13.4.1 US
13.4.1.1 The US to be the second-largest in the global ride sharing market, owing to the presence of Uber and Lyft
TABLE 112 US: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 113 US: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.4.2 CANADA
13.4.2.1 Car sharing to experience the fastest growth in Canada
TABLE 114 CANADA: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 115 CANADA: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.4.3 MEXICO
13.4.3.1 Mexico to be the fastest-growing country-level market in North America
TABLE 116 MEXICO: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 117 MEXICO: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.5 REST OF THE WORLD (ROW)
TABLE 118 ROW: TOP PLAYERS
FIGURE 40 ROW: GLOBAL MARKET SIZE, BY COUNTRY, 2021 VS. 2026 (USD MILLION)
TABLE 119 ROW: GLOBAL MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 120 ROW: GLOBAL MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
13.5.1 BRAZIL
13.5.1.1 Car sharing to be the second-largest market by 2026, subsequent to e-hailing
TABLE 121 BRAZIL: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 122 BRAZIL: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.5.2 UAE
13.5.2.1 E-hailing to dominate the UAE ride sharing market
TABLE 123 UAE: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 124 UAE: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
13.5.3 SOUTH AFRICA
13.5.3.1 South Africa to be the fastest-growing country in the RoW region
TABLE 125 SOUTH AFRICA: MARKET SIZE, BY SERVICE TYPE, 2018–2020 (USD MILLION)
TABLE 126 SOUTH AFRICA: MARKET SIZE, BY SERVICE TYPE, 2021–2026 (USD MILLION)
14 COMPETITIVE LANDSCAPE (Page No. - 147)
14.1 OVERVIEW
14.2 RIDE SHARING MARKET SHARE ANALYSIS, 2020
TABLE 127 MARKET SHARE ANALYSIS, 2020
FIGURE 41 MARKET SHARE, 2020
14.3 COMPANY EVALUATION QUADRANT: E-HAILING, CAR RENTAL, AND CAR SHARING SERVICE PROVIDERS
14.3.1 STARS
14.3.2 EMERGING LEADERS
14.3.3 PERVASIVE PLAYERS
14.3.4 PARTICIPANTS
TABLE 128 MARKET: COMPANY PRODUCT FOOTPRINT, 2020
TABLE 129 MARKET: VEHICLE TYPE FOOTPRINT, 2020
TABLE 130 MARKET: COMPANY REGION FOOTPRINT, 2020
FIGURE 42 COMPETITIVE EVALUATION MATRIX, E-HAILING, CAR RENTAL, AND CAR SHARING SERVICE PROVIDERS, 2020
FIGURE 43 DETAILS ON KEY DEVELOPMENTS BY LEADING PLAYERS
14.4 COMPETITIVE SCENARIO
14.4.1 NEW PRODUCT/SERVICE LAUNCHES
TABLE 131 NEW PRODUCT/SERVICE LAUNCHES, 2018–2021
14.4.2 DEALS
TABLE 132 DEALS, 2018–2021
14.4.3 OTHERS
TABLE 133 OTHERS, 2018–2021
14.5 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2018–2021
FIGURE 44 COMPANIES ADOPTED NEW PRODUCT/SERVICE DEVELOPMENTS AND EXPANSIONS AS KEY GROWTH STRATEGIES, 2018–2021
14.6 COMPANY EVALUATION QUADRANT: MICRO-MOBILITY SERVICE PROVIDERS
14.6.1 STARS
14.6.2 EMERGING LEADERS
14.6.3 PERVASIVE PLAYERS
14.6.4 PARTICIPANTS
FIGURE 45 COMPETITIVE EVALUATION MATRIX, MICRO-MOBILITY SERVICE PROVIDERS, 2020
15 COMPANY PROFILES (Page No. - 167)
(Business overview, Products/Services offered, Recent developments & MnM View)*
15.1 KEY PLAYERS
15.1.1 DIDI CHUXING (DIDI)
TABLE 134 DIDI: BUSINESS OVERVIEW
TABLE 135 DIDI: PRODUCTS/SERVICES OFFERED
TABLE 136 DIDI: NEW PRODUCT/SERVICE DEVELOPMENTS
TABLE 137 DIDI: DEALS
TABLE 138 DIDI: OTHER DEVELOPMENTS
15.1.2 UBER TECHNOLOGIES, INC. (UBER)
TABLE 139 UBER: BUSINESS OVERVIEW
FIGURE 46 UBER: COMPANY SNAPSHOT
TABLE 140 UBER: PRODUCTS/SERVICES OFFERED
TABLE 141 UBER: NEW PRODUCT/SERVICE DEVELOPMENTS
TABLE 142 UBER: DEALS
TABLE 143 UBER: OTHER DEVELOPMENTS
15.1.3 GETT
TABLE 144 GETT: BUSINESS OVERVIEW
TABLE 145 GETT: PRODUCTS/SERVICES OFFERED
TABLE 146 GETT: OTHER DEVELOPMENT
15.1.4 LYFT, INC (LYFT)
TABLE 147 LYFT: BUSINESS OVERVIEW
FIGURE 47 LYFT: COMPANY SNAPSHOT
TABLE 148 LYFT: PRODUCTS/SERVICES OFFERED
TABLE 149 LYFT: NEW PRODUCT/SERVICE DEVELOPMENTS
TABLE 150 LYFT: DEALS
15.1.5 GRAB
TABLE 151 GRAB: BUSINESS OVERVIEW
TABLE 152 GRAB: PRODUCTS/SERVICES OFFERED
TABLE 153 GRAB: NEW PRODUCT/SERVICE DEVELOPMENTS
TABLE 154 GRAB: DEALS
TABLE 155 GRAB: OTHER DEVELOPMENTS
15.1.6 ANI TECHNOLOGIES PVT. LTD (OLA)
TABLE 156 OLA: BUSINESS OVERVIEW
TABLE 157 OLA: PRODUCTS/SERVICES OFFERED
TABLE 158 OLA: NEW PRODUCT/SERVICE DEVELOPMENTS
TABLE 159 OLA: DEALS
TABLE 160 OLA: OTHER DEVELOPMENTS
15.1.7 BLABLACAR
TABLE 161 BLABLACAR: BUSINESS OVERVIEW
TABLE 162 BLABLACAR: PRODUCTS/SERVICES OFFERED
TABLE 163 BLABLACAR: NEW PRODUCT/SERVICE DEVELOPMENTS
TABLE 164 BLABLACAR: DEALS
TABLE 165 BLABLACAR: OTHER DEVELOPMENTS
15.1.8 INTEL
TABLE 166 INTEL: BUSINESS OVERVIEW
FIGURE 48 INTEL: COMPANY SNAPSHOT
TABLE 167 INTEL: PRODUCTS/SERVICES OFFERED
TABLE 168 INTEL: NEW PRODUCT/SERVICE DEVELOPMENTS
TABLE 169 INTEL: DEALS
15.1.9 TOMTOM INTERNATIONAL BV
TABLE 170 TOMTOM INTERNATIONAL BV: BUSINESS OVERVIEW
FIGURE 49 TOMTOM INTERNATIONAL BV: COMPANY SNAPSHOT
TABLE 171 TOMTOM INTERNATIONAL BV: PRODUCTS/SERVICES OFFERED
TABLE 172 TOMTOM INTERNATIONAL BV: NEW PRODUCT/SERVICE DEVELOPMENTS
TABLE 173 TOMTOM INTERNATIONAL BV: DEALS
15.1.10 APTIV
TABLE 174 APTIV: BUSINESS OVERVIEW
FIGURE 50 APTIV: COMPANY SNAPSHOT
TABLE 175 APTIV: PRODUCTS/SERVICES OFFERED
TABLE 176 APTIV: DEALS
15.1.11 DENSO CORPORATION
TABLE 177 DENSO CORPORATION: BUSINESS OVERVIEW
FIGURE 51 DENSO CORPORATION: COMPANY SNAPSHOT
TABLE 178 DENSO CORPORATION: PRODUCTS/SERVICES OFFERED
TABLE 179 DENSO CORPORATION: DEALS
TABLE 180 DENSO CORPORATION: OTHER DEVELOPMENTS
*Details on Business overview, Products/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
15.2 OTHER PLAYERS
15.2.1 IBM
TABLE 181 IBM: BUSINESS OVERVIEW
15.2.2 FORD
TABLE 182 FORD: BUSINESS OVERVIEW
15.2.3 GENERAL MOTORS
TABLE 183 GENERAL MOTORS: BUSINESS OVERVIEW
15.2.4 WAYMO
TABLE 184 WAYMO: BUSINESS OVERVIEW
15.2.5 DAIMLER
TABLE 185 DIAMLER: BUSINESS OVERVIEW
15.2.6 CAR2GO
TABLE 186 CAR2GO: BUSINESS OVERVIEW
15.2.7 BMW
TABLE 187 BMW: BUSINESS OVERVIEW
15.2.8 BOSCH
TABLE 188 BOSCH: BUSINESS OVERVIEW
15.2.9 CABIFY
TABLE 189 CABIFY: BUSINESS OVERVIEW
15.2.10 BOLT
TABLE 190 BOLT: BUSINESS OVERVIEW
15.2.11 TOYOTA
TABLE 191 TOYOTA: BUSINESS OVERVIEW
15.2.12 GOGET
TABLE 192 GOGET: BUSINESS OVERVIEW
15.2.13 VIA TRANSPORTATION, INC.
TABLE 193 VIA TRANSPORTATION, INC.: BUSINESS OVERVIEW
15.2.14 EASY TAXI
TABLE 194 EASY TAXI: BUSINESS OVERVIEW
16 APPENDIX (Page No. - 211)
16.1 INSIGHTS OF INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 AVAILABLE CUSTOMIZATIONS
16.4.1 RIDE SHARING MARKET, BY VEHICLE TYPE (KEY COUNTRIES)
16.4.1.1 Electric vehicle mobility
16.4.1.2 CNG/LPG vehicle
16.4.1.3 ICE vehicle mobility
16.4.1.4 Micro-mobility
16.4.2 RIDE SHARING MARKET, BY CITY
16.4.2.1 New York, NY, US
16.4.2.2 Los Angeles, CA, US
16.4.2.3 London, UK
16.4.2.4 Berlin, Germany
16.4.2.5 Madrid, Spain
16.4.2.6 Dubai, UAE
16.4.2.7 Toronto, Canada
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
The study involves four main activities to estimate the current size of the ride sharing market. Exhaustive secondary research was done to collect information on the market, such as ride sharing service type and vehicle types. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. Bottom-up and top-down approaches were employed to estimate the complete market size for different segments considered under this study. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to in this research study include The International Council on Clean Transportation (ICCT), Country-wise & regional automobile manufacturers’ association, US National Highway Traffic Safety Administration (NHTSA), China Center for Urban Development (CCUD); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. The secondary data was collected and analyzed to arrive at the overall market size, which is further validated by primary research.
Primary Research
Extensive primary research was conducted after acquiring an understanding of the ride sharing market scenario through secondary research. Several primary interviews were conducted with market experts from both the MSPs (mobility service providers), OEMs (vehicle manufacturers involved in ride sharing space) across three major regions, namely, North America, Europe, and Asia Pacific. Approximately 80% and 20% of the primary interviews were conducted from the MSPs and OEMs participants, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews. Various departments within organizations, including sales, operations, and administration strived, to provide a holistic viewpoint in reports while canvassing primaries.
After interacting with industry participants, some brief sessions were conducted with experienced independent consultants to reinforce the findings from the primaries. This, along with the opinions of in-house subject matter experts, has led to the findings delineated in the rest of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up approach was used to estimate and validate the size of this market. The market size, by value, was derived by identifying the companies having 90%–95% (by value) presence in the ride sharing business in that country through secondary research and validated through primaries. The revenue of each company was estimated and gathered wherever data was available. In some cases, the booked value of the ride sharing company is calculated with the help of the daily or monthly average number of rides multiplied by the average cost of the ride. The addition of booked value/revenue of major players of the country gives the ride sharing market of that country. The penetration of each service type (e-hailing, car sharing, car rental, and station-based mobility) at the country level has been derived from secondary sources and validated through primaries. The penetration of each service type was multiplied by the country-level market to get this market value (USD million), by service type, for each country.
The top-down approach was used to estimate and validate the market by vehicle type in terms of value. The global market value (USD million), by region (Asia Pacific, North America, Europe, and RoW), was derived from the global market. The penetration of each vehicle type (ICE vehicle, CNG/LPG vehicles, electric vehicles, and micro-mobility) at the regional level has been derived from secondary sources and validated through primaries. The penetration of each vehicle type was multiplied by the regional market to get the ride sharing market (USD million), by vehicle type, for each region. A summation of all region-wise markets was done to derive the total ride sharing market (USD million) by vehicle type.
To know about the assumptions considered for the study, Request for Free Sample Report
Report Objectives
- To define, describe, and forecast the size of the ride sharing market in terms of value:
- By service type (e-hailing, car sharing, station-based mobility, and car rental)
- Car sharing market, by type (P2P car sharing and corporate car sharing)
- By vehicle type (ICE vehicle, electric vehicle, CNG/LPG vehicle, and micro-mobility vehicle)
- Micro-mobility market, by vehicle type (bike/bicycle, scooter, and other micro-mobility vehicles)
- By data service (navigation, information service, payment, and other data services)
- By distance (short distance and long distance)
- By region (Asia Pacific, North America, Europe, and the Rest of the World)
- To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the market
- To analyze the market share of leading players in the ride sharing market and evaluate competitive leadership mapping
- To strategically analyze the market with Porter’s five forces analysis, case studies, patent analysis, technology analysis, regulatory analysis, and COVID-19 impact analysis
- To analyze recent developments, including mergers & acquisitions, new product launches, expansions, and other activities, undertaken by key industry participants in the ride sharing market
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Ride-sharing Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
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Growth opportunities and latent adjacency in Ride-sharing Market
MarketsandMarkets have Ride Sharing Market size in terms of value (in USD) at a country level for Brazil. The report also has the market size in Brazil by type of service in the ride sharing market i.e., E-Hailing, Car Sharing, Station Based Mobility, Car Rental. The report also has the forecast available till 2025.We also have a study published on the Mobility as a Market with the market size forecast available till 2030. In this report we can provide you the market size (in USD) at a country level for the MaaS by service type: Ride Hailing, Car Sharing, Micro mobility, Bus Sharing, Trains.
Report includes table of contents of the Ride-Sharing market along with the COVID 19 impact analysis annexure report details. The report provides historical market size and growth forecast of the market at a regional and country level and further studies the market by key differentiator of MnM offerings in this analysis: 1. Market revenues for Segments By Service type, By vehicle connectivity, By Data telecommunication By Data Service and By Vehicle type is provided at a global level and further broken down at a regional level. 2. At a country level, market overview and market revenue break down is provided for different services 3. Competition landscape – We have mapped 11 Industry players who are contributing to this market or playing a vital role in Ride sharing market in detail and snippet of 16-17 additional players (region wise) is provided.
can you provide the more detailed information in terms of the value of the micro-mobility segment for ride sharing market
Interested in Ride sharing market forecast from 2022 to 2027 for India.
Is the South American region covered in the Ride Sharing Market report?
Ride sharing market gives forecast upto 2026 which is good enough, We would like to know New Revenue Sources for Ride Sharing Industry?
Hello, please add also taxi.eu its among the biggest pan-European taxi-app working in Germany, Switzerland, Austria and so on.
We would like to know about the ride hailing /ride sharing industry statistics, market share and size in Singapore .
we are conducting an international market research about the ride hailing market in the US and therefore would highly appreciate to get a sample of the study. Thank you very much in advance!
Hi, I might need some market research data on ride-hailing for my academic research. Thanks
Australia is seeing substantial growth in ride-sharing and I am interested in the impact on our cities and society.
I need market data for the Ride Sharing (Carpooling) industry specifically for South Africa and Sub-Sahara Africa.
Determining the size of the demand for peer to peer and owner operated car sharing when considering ownership changing radically over the next 5 years - to such an extent that current owners will not renew their cars, buy sign up to sharing platforms in order to get access to a much wider range of vehicles to suit their varying needs and desires. If 5 of global owners did this, and each owner had 10 trips per year (Low case) - the demand for shared cars would be huge. What do you think ?
Hello I am currently studying my MBA at CASS and am trying to research the ride-sharing market and would appreciate the sample of this report. Thank you
I am doing a thesis about ride-hailing in Indonesia, and need verified data, so hopefully you could help me as well, thank you
I am interested in using ride share market data through differing means of data visualization for a class I am taking in pursuit of a masters in engineering management.