The Ride Sharing Market growth is expected to gain high momentum during the forecast period due to safety of commuters.

Ride sharing is also commonly known as carpooling and is a mode of traveling wherein a ride is shared by more than one anonymous passenger. Passengers are picked up from different locations and dropped either at the same destination or at a place along the route.

Sharing rides are gaining popularity since it helps avoid the hassle of driving and reduces travel cost.

The ride sharing market is witnessing growth due to factors such as increasing use of smartphones, the introduction of apps, faster working vehicles, use of GPS, etc.

Moreover, the rise in the daily commute to places within the city, need to conserve fuel, pollution, and easy availability of vehicles are also driving the market.

The intra-city expanse segment is expected to grow at a steady rate due to consumer preference to share rides to public places such as malls, parties, public transport places including railway stations, bus stations, and airports.

Key Factors Impacting Market Growth:

• Lack of capacity to own a vehicle
• Rising traffic jams
• Reluctance to drive
• Safety of commuters

Regional Analysis:

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the ride sharing market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with a number of global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of ride sharing market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for ride sharing market in the region.

The Asia Pacific is estimated to be the fastest-growing region for ride sharing market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for ride sharing market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: Uber Technologies Inc., Lyft Inc., Didi Chuxing Technology, Grab Taxi Holdings, and Gett Inc… 

Market Segmentation:

By Type:

• Commuting Ride sharing
• Dynamic Ride sharing
• Fixed Long Distance Ride sharing

By Expanse:

• Inter-city
• Intra-city

By Ownership:

• Privately-Owned
• Company-Owned
• Business-Owned

By Business Model:

• Peer-to-Peer (P2P)
• Business-to-Business (B2B)
• Business-to-Consumer (B2C)

By Region:

• North America
  • By Country (US, Canada, Mexico)
  • By Type
  • By Expanse
  • By Ownership
  • By Business Model
• Western Europe:
  • By Country (Germany, UK, France, Spain, Rest of Western Europe)
  • By Type
  • By Expanse
  • By Ownership
  • By Business Model
• Eastern Europe:
  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Type
  • By Expanse
  • By Ownership
  • By Business Model
• Asia Pacific
  • By Country (China, Japan, India, Rest of Asia Pacific)
  • By Type
  • By Expanse
  • By Ownership
  • By Business Model
• Middle East:
  • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
  • By Type
  • By Expanse
  • By Ownership
  • By Business Model
• Rest of the World
  • By Region (Latin America, Brazil, Rest of the World)
  • By Type
  • By Expanse
  • By Ownership
  • By Business Model

Reasons to Buy This Report:

• Market size estimation of the global ride sharing market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

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