The Global Ride Hailing Market Report by The Business Research Company covers ride hailing market drivers and restraints, ride hailing market size, major players, and the impact of COVID-19 on the ride hailing market.
The ride-hailing market consists of revenue generated by ride-hailing used for passenger transportation service in which the passengers are connected with the vehicle drivers through a smartphone-based app. The industry comprises establishments primarily engaged in providing passenger transportation by automobile or van, not operated over regular routes and on regular schedules. Establishments of taxicab owners/operators, taxicab fleet operators, or taxicab organizations are included in this industry.
On-demand transportation services and a lower rate of car ownership among millennials are driving the growth of the ride-hailing market.
The global ride hailing market is expected grow from $42.25 billion in 2020 to $56.87 billion in 2021 at a compound annual growth rate (CAGR) of 34.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $108.15 billion in 2025 at a CAGR of 17%.
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Some ride hailing market trends include ride-hailing services delivering innovative facilities to riders all over the world. Using a ride-hailing app on a phone has now become very common. For instance, Uber is a ride-hailing app from which we can request a women 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 woman driver before committing the journey. A major initiative is promoted by Safr, which permits the female passengers to select the gender of the driver, offers complete details about the driver’s training.
Global ride hailing market segments include:
1) By Vehicle Type: Two Wheeler, Three Wheeler, Four Wheeler, Others.
2) End-user: Commercial, Personal.
3) By Service Type: E-Hailing, Car Sharing, Station Based Mobility, Car Rental.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Ride Hailing Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides ride hailing market overviews, analyzes and forecasts market size, share, ride hailing market players, ride hailing market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The ride hailing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Ride Hailing Global Market Report 2021: COVID-19 Growth And Change To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Uber Technologies Inc., Grab, ANI Technologies Pvt. Ltd., Gett Inc., Lyft Inc., DiDi Chuxing, Delphi Automotive, Daimler AG., BlaBlaCar, Didi Chuxing Technology Co., Denso Corporation, Yandex.Taxi B.V., Ola, Beijing Xiaoju Technology Co. Ltd., TomTom NV, Lime (US), inDriver, RideCell Inc., Bolt Technology OÜ, VOXTUR SAS, Addison Lee Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The ride hailing Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The ride hailing Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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