The global ride-hailing services market size was US$ 44.8 billion in 2021. The global ride-hailing services market size is forecast to reach US$ 178.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 17% during the forecast period from 2022 to 2030.
A user can use an app to hail or request a local driver to pick them up and transport them directly to a particular destination. This practice is known as ride-hailing. Passengers can ride alone or in a group with other passengers on these trips, which can plan immediately or in advance. The main difference between ride-hailing and taxi services is that the former involves using an app to experience services and provides pooling choices, while the latter provides private transportation and is often not shared.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had a positive impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading. As a result, companies opted for work-from-home, and many sectors had to close their operations. Thus, the demand for ride-hailing services declined.
Regional Analysis
North America garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the growing demand for public transportation in major cities. In addition, the fast-paced life and increasing population have developed a need for quick, easily accessible modes of transport. Thus, boosting the market growth in the region.
The Asia Pacific region is forecast to have lucrative growth during the forecast period. As a result of the increasing population of cities such as Delhi, Bangalore, Mumbai, Beijing, Shanghai, Tokyo, etc. In addition, leading companies in these regions are discovering tremendous support from the regional or provincial administrations. Thus, these factors drive the market growth during the forecast period from 2022 to 2030.
Leading Competitors
The leading prominent companies profiled in the global ride-hailing services market are:
Scope of the Report
The global ride-hailing service market segmentation focuses on Service Type, Vehicle Type, Location, and Region.
Segmentation based on Service Type
Segmentation based on Vehicle Type
Segmentation based on Location
Segmentation based on Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL RIDE-HAILING SERVICES MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL RIDE-HAILING SERVICES MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL RIDE-HAILING SERVICES MARKET, BY SERVICE TYPE
5.1 OVERVIEW
5.2 E-HAILING
5.3 CAR RENTAL
5.4 CAR SHARING
5.5 STATION-BASED MOBILITY
6 GLOBAL RIDE-HAILING SERVICES MARKET, BY VEHICLE TYPE
6.1 OVERVIEW
6.2 TWO-WHEELER
6.3 THREE-WHEELER
6.4 FOUR-WHEELER
6.5 OTHERS
7 GLOBAL RIDE-HAILING SERVICES MARKET, BY LOCATION
7.1 OVERVIEW
7.2 URBAN
7.3 RURAL
8 GLOBAL RIDE-HAILING SERVICES MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL RIDE-HAILING SERVICES MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
10 COMPANY PROFILES
10.1 UBER TECHNOLOGIES, INCORPORATED
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.2 LYFT, INCORPORATED
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.3 VIA.COM
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.4 GETT
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.5 GRAB HOLDINGS INCORPORATED
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.6 BOLT TECHNOLOGY OÜ
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.7 CURB MOBILITY
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
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