Ride sharing is vehicle rental services provided to customers by various collaborative firms operating across the globe. The rental service comprises of pick up and ferrying the passengers at same or different locations. Ride sharing is gaining popularity across the globe among commuters, and the global ride sharing market is expected to expand at a rapid rate. Some of the major factors augmenting the market growth include increasing penetration of internet, adoption of global positioning system (GPS) and other navigation systems, coupled with the growing use of smartphones. As internet penetration is increasing across the globe, the adoption of software-enabled consumer services is growing, which as a result, accelerating the global ride sharing market.
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Global ride sharing market is segmented on the basis of vehicle type and region. On the basis of vehicle type, the market is further segmented into sedan & hatchback, utility vehicle, and buses & coaches. Sedan & hatchbacks are easily available and provide faster service that makes them a preferred choice of vehicles by the consumers. Geographically, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). Among these, North America is expected to contribute significantly to the growth of the market. The market growth is attributed to the presence of major market players in the US, coupled with high popularity and use of shared cab services in the US and Canada. In addition, the growing population coupled with increasing urbanization is driving the growth of the market in the Asia-Pacific region. Further, the countries such as UAE and Brazil are investing in urban infrastructure, which in turn, is surging the growth of the market in RoW.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Segmentation
- By Type
- E-hailing
- Station-based
- Car Rental
- Car Sharing
- By Vehicle Type
- Sedan & Hatchback
- Utility Vehicle
- Buses & Coaches
Impact of COVID-19 on major economies
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ANI Technologies Pvt. Ltd. (OLA)
- DiDiChuxing Technology Co., Ltd.
- Lyft, Inc.
- Comuto SA (BlaBlaCar)
- BYKEA Technologies Pvt. Ltd.
- Carma Technology Corp.
- Gett Group
- Grab Holdings Inc.
- Maxi Mobility Holding Co.
- RideCharge, Inc.
- Uber Technologies Inc.
- Wingz, Inc.
- ZoomCar India Pvt Ltd.
The Report Covers
- Comprehensive research methodology of the global ride-sharing Industry.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global ride-sharing Industry.
- Insights about market determinants that are stimulating the global ride-sharing Industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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