Market Overview:
The global ride hailing services market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for convenient and affordable transportation options, especially in developing countries. In addition, the rise in urbanization and growing number of smartphone users are also contributing to the growth of this market. Based on type, the global ride hailing services market is segmented into e-taxi and car sharing. E-taxi dominates the overall market with a share of more than 90%. This can be attributed to its advantages such as convenience, affordability, and safety over traditional taxi services.
Product Definition:
Ride hailing services are digital platforms that allow commuters to book a ride from a registered driver. The service is important because it provides an affordable and convenient way for people to get around their city.
E-Taxi:
E-Taxi is a smartphone application that allows passengers to book taxicab services using their smartphones. The service was launched in October 2012 by the Indian city of Bangalore as a pilot project and has since then been adopted by several other cities across India. The app has over the years gained significant popularity among passengers as well as drivers, with over 1 million users in the Indian market alone.
Car sharing:
Car sharing is a service where one can lease or rent a car for the day, week, month or year. The driver and the passenger can use this service by downloading an app on their smartphones. This service is gaining popularity due to its cost effectiveness as compared to using personal cars and taxis which are available in limited numbers.
Application Insights:
The enterprise application segment accounted for the largest share of more than 70.0% in 2017. The growth can be attributed to the growing use of ride hailing services by enterprises as a cost-effective transportation solution. Most major cities in developed economies have established a good network of public transport, which makes it easy for companies operating within the city limits to provide on-demand car services to their employees with minimum effort. This is further likely to drive demand from enterprise applications over the forecast period.
Enterprise customers include multinational corporations, local and national businesses, government offices and institutions, etc.
Regional Analysis:
Asia Pacific dominated the global ride hailing services market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing smartphone penetration, availability of an app for quick and easy bookings, as well as increased investments by companies in this region. For instance, in January 2018, Ola Cabs announced that it has invested USD X million from April 2016 to December 2017 on developing its network across India. The company currently operates in Delhi NCR, Mumbai city (Bombay), Pune city (Poona) and Hyderabad city (Telangana). It also runs service under brand name Meru Cabs based out of Bangalore.
North America is anticipated to witness significant growth over the forecast period owing to increasing adoption of innovative technologies such as self-driving cars that enable passengers without any intervention needed during travel time thereby reducing travel cost for both driver.
Growth Factors:
- Increasing urbanization: The global population is increasingly moving to cities, and this is particularly true in developing countries. This creates a large pool of potential ride-hailing customers.
- Rising income levels: As incomes rise, people have more money to spend on transportation, including ride-hailing services.
- Decreasing car ownership costs: The cost of owning a car continues to increase, while the cost of using ride-hailing services decreases, making them an attractive option for many people.
- Improved technology: Ride-hailing companies are constantly improving their technologies, making it easier and faster for customers to book rides and receive updates on their rides.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ride Hailing Services Market Research Report
By Type
E-Taxi, Car sharing
By Application
Enterprise, Individual
By Companies
DiDi Chuxing, Gett, Grab, Lyft, Uber, Meituan Dianping, Alibaba, Baidu
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Ride Hailing Services Market Report Segments:
The global Ride Hailing Services market is segmented on the basis of:
Types
E-Taxi, Car sharing
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
Enterprise, Individual
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:
- DiDi Chuxing
- Gett
- Grab
- Lyft
- Uber
- Meituan Dianping
- Alibaba
- Baidu
Highlights of The Ride Hailing Services 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:
- E-Taxi
- Car sharing
- By Application:
- Enterprise
- Individual
- 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 Services 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 services are a type of transportation that allow people to request rides from drivers using an app. Ride hailing services can be used to get around town, go to work, or travel long distances.
Some of the major players in the ride hailing services market are DiDi Chuxing, Gett, Grab, Lyft, Uber, Meituan Dianping, Alibaba, Baidu.
The ride hailing services 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 Services 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 Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ride Hailing Services 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 Services 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 Services Market Size & Forecast, 2018-2028
4.5.1 Ride Hailing Services Market Size and Y-o-Y Growth
4.5.2 Ride Hailing Services Market Absolute $ Opportunity
Chapter 5 Global Ride Hailing Services 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 Services Market Size Forecast by Type
5.2.1 E-Taxi
5.2.2 Car sharing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ride Hailing Services 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 Services Market Size Forecast by Applications
6.2.1 Enterprise
6.2.2 Individual
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ride Hailing Services 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 Services 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 Services Analysis and Forecast
9.1 Introduction
9.2 North America Ride Hailing Services 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 Services Market Size Forecast by Type
9.6.1 E-Taxi
9.6.2 Car sharing
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 Services Market Size Forecast by Applications
9.10.1 Enterprise
9.10.2 Individual
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 Services Analysis and Forecast
10.1 Introduction
10.2 Europe Ride Hailing Services 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 Services Market Size Forecast by Type
10.6.1 E-Taxi
10.6.2 Car sharing
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 Services Market Size Forecast by Applications
10.10.1 Enterprise
10.10.2 Individual
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 Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ride Hailing Services 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 Services Market Size Forecast by Type
11.6.1 E-Taxi
11.6.2 Car sharing
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 Services Market Size Forecast by Applications
11.10.1 Enterprise
11.10.2 Individual
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 Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Ride Hailing Services 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 Services Market Size Forecast by Type
12.6.1 E-Taxi
12.6.2 Car sharing
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 Services Market Size Forecast by Applications
12.10.1 Enterprise
12.10.2 Individual
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 Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ride Hailing Services 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 Services Market Size Forecast by Type
13.6.1 E-Taxi
13.6.2 Car sharing
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 Services Market Size Forecast by Applications
13.10.1 Enterprise
13.10.2 Individual
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 Services Market: Competitive Dashboard
14.2 Global Ride Hailing Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DiDi Chuxing
14.3.2 Gett
14.3.3 Grab
14.3.4 Lyft
14.3.5 Uber
14.3.6 Meituan Dianping
14.3.7 Alibaba
14.3.8 Baidu
