Market Overview:
The global ride-hailing market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to various factors such as the increasing demand for on-demand transportation, rising urbanization and growing penetration of smartphones and internet users. In terms of type, the taxi segment is expected to hold a major share in the global ride-hailing market during the forecast period. However, non-taxi services are projected to grow at a higher CAGR owing to their advantages such as lower fares and no surge pricing.
Product Definition:
Ride-hailing is a service that connects riders with drivers of vehicles for hire. Ride-hailing services are typically available through an app on a mobile device. The importance of ride hailing is that it provides an affordable and convenient way for people to get around their city without having to own a car.
Taxi:
The global taxi industry was valued at USD 68.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period, which can be attributed to the increasing demand for last-mile transportation across cities as well as rising penetration of smartphones and internet connectivity worldwide.
Non-taxi:
Non-taxi is a term used for the transportation services that are not covered under the traditional taxi regulations. The non-traditional taxis can be distinguished from the traditional ones by their color. In some countries, such as Germany and France, it is illegal to operate a non-traditional taxi without a license. This has led to increased demand for non-traditional taxis in those countries which have attracted many new players in this market space over recent years.
Application Insights:
The application segment includes the ride-hailing services for passengers aged between 21 years and above. The 21-30 years age group dominated the market in 2017, accounting for over 40% of the overall revenue share. This is due to a large number of millennials having smartphones, who use ride-hailing applications on a regular basis. Furthermore, this age group also has more affinity towards online shopping and uses Ola or Uber as an alternative to public transport due to affordable rates and convenience.
The 31-40 years age group followed closely behind in terms of revenue share owing to increasing employment opportunities across developed countries such as Germany, France and U.K., which have resulted in growing need for car rentals by this age group too.
Regional Analysis:
Asia Pacific dominated the global ride-hailing market in 2017. The regional growth is accredited to the increasing demand for on-demand transportation services, especially in China and India. Furthermore, growing penetration of these platforms in countries such as Australia and Singapore has been boosting regional growth. Europe is expected to witness significant growth over the forecast period owing to a rise in consumer preference for convenient travel options that are eco-friendly and do not involve any extra effort or cost on behalf of users. This has led to increased adoption of various ride hailing apps across major cities such as Barcelona, Paris, Milan, London etc.
North America also holds a prominent position due to presence of prominent players such as Uber Technologies Inc.; Lyft Inc.; Doordash Inc.; 99Taxis; DiDi Chuxing (Kuaidi Dao) Co., Ltd; Gett Holdings Ltd; Lyft Line LLC; Mytaxi GmbH & Co KG etc.
Growth Factors:
- Increasing urbanization: The global ride-hailing market is expected to grow at a CAGR of around 22% during the forecast period. This can be attributed to the increasing urbanization and growing demand for on-demand transportation services.
- Rising disposable income: The growth of the ride-hailing market is also driven by the rising disposable income of consumers, especially in developing countries. This has led to an increase in demand for premium transportation services.
- Technological advancements: Ride-hailing companies are increasingly adopting new technologies such as artificial intelligence (AI) and machine learning to provide better customer experience and improve their operational efficiency.
- Growing awareness about ride-sharing: There is a growing awareness among consumers about the benefits of using ride-sharing services, which is helping fuel the growth of this market segment worldwide. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Ride-Hailing Market Research Report
By Type
Taxi, Non-taxi
By Application
<20 Years Old, 20-30 Years Old, 31-40 Years Old, 41-50 Years Old, >50 Years Old
By Companies
Uber, Lyft, Gett, Hailo, Ola Cabs, GrabTaxi, Easy Taxi, LeCab, Cabify, Didi Chuxing, Bitaksi, GoCatch, Ingogo
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Ride-Hailing Market Report Segments:
The global Ride-Hailing market is segmented on the basis of:
Types
Taxi, Non-taxi
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
<20 Years Old, 20-30 Years Old, 31-40 Years Old, 41-50 Years Old, >50 Years Old
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Uber
- Lyft
- Gett
- Hailo
- Ola Cabs
- GrabTaxi
- Easy Taxi
- LeCab
- Cabify
- Didi Chuxing
- Bitaksi
- GoCatch
- Ingogo
Highlights of The Ride-Hailing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Taxi
- Non-taxi
- By Application:
- <20 Years Old
- 20-30 Years Old
- 31-40 Years Old
- 41-50 Years Old
- >50 Years Old
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ride-Hailing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ride-hailing is a transportation service that allows people to request rides from private drivers using an app.
Some of the major companies in the ride-hailing market are Uber, Lyft, Gett, Hailo, Ola Cabs, GrabTaxi, Easy Taxi, LeCab, Cabify, Didi Chuxing, Bitaksi, GoCatch, Ingogo.
The ride-hailing market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ride-Hailing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ride-Hailing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ride-Hailing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ride-Hailing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ride-Hailing Market Size & Forecast, 2018-2028
4.5.1 Ride-Hailing Market Size and Y-o-Y Growth
4.5.2 Ride-Hailing Market Absolute $ Opportunity
Chapter 5 Global Ride-Hailing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ride-Hailing Market Size Forecast by Type
5.2.1 Taxi
5.2.2 Non-taxi
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ride-Hailing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ride-Hailing Market Size Forecast by Applications
6.2.1 <20 Years Old
6.2.2 20-30 Years Old
6.2.3 31-40 Years Old
6.2.4 41-50 Years Old
6.2.5 >50 Years Old
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ride-Hailing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ride-Hailing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ride-Hailing Analysis and Forecast
9.1 Introduction
9.2 North America Ride-Hailing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ride-Hailing Market Size Forecast by Type
9.6.1 Taxi
9.6.2 Non-taxi
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ride-Hailing Market Size Forecast by Applications
9.10.1 <20 Years Old
9.10.2 20-30 Years Old
9.10.3 31-40 Years Old
9.10.4 41-50 Years Old
9.10.5 >50 Years Old
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ride-Hailing Analysis and Forecast
10.1 Introduction
10.2 Europe Ride-Hailing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ride-Hailing Market Size Forecast by Type
10.6.1 Taxi
10.6.2 Non-taxi
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ride-Hailing Market Size Forecast by Applications
10.10.1 <20 Years Old
10.10.2 20-30 Years Old
10.10.3 31-40 Years Old
10.10.4 41-50 Years Old
10.10.5 >50 Years Old
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ride-Hailing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ride-Hailing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ride-Hailing Market Size Forecast by Type
11.6.1 Taxi
11.6.2 Non-taxi
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ride-Hailing Market Size Forecast by Applications
11.10.1 <20 Years Old
11.10.2 20-30 Years Old
11.10.3 31-40 Years Old
11.10.4 41-50 Years Old
11.10.5 >50 Years Old
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ride-Hailing Analysis and Forecast
12.1 Introduction
12.2 Latin America Ride-Hailing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ride-Hailing Market Size Forecast by Type
12.6.1 Taxi
12.6.2 Non-taxi
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ride-Hailing Market Size Forecast by Applications
12.10.1 <20 Years Old
12.10.2 20-30 Years Old
12.10.3 31-40 Years Old
12.10.4 41-50 Years Old
12.10.5 >50 Years Old
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ride-Hailing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ride-Hailing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ride-Hailing Market Size Forecast by Type
13.6.1 Taxi
13.6.2 Non-taxi
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ride-Hailing Market Size Forecast by Applications
13.10.1 <20 Years Old
13.10.2 20-30 Years Old
13.10.3 31-40 Years Old
13.10.4 41-50 Years Old
13.10.5 >50 Years Old
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ride-Hailing Market: Competitive Dashboard
14.2 Global Ride-Hailing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Uber
14.3.2 Lyft
14.3.3 Gett
14.3.4 Hailo
14.3.5 Ola Cabs
14.3.6 GrabTaxi
14.3.7 Easy Taxi
14.3.8 LeCab
14.3.9 Cabify
14.3.10 Didi Chuxing
14.3.11 Bitaksi
14.3.12 GoCatch
14.3.13 Ingogo
