Ride Sharing Market Estimated to be USD 61.3 Billion in 2018 and is Projected to Reach USD 218.0 Billion by 2025, at a CAGR of 19.87% Asia Oceania is projected to lead the ride sharing market during the forecast period. The growth in the Asia Oceania market can be attributed to low per capita income, the wide untapped customer base, and rising urbanization in emerging economies such as China and India. Additional factors such as rising traffic congestion, high vehicle ownership cost, and easy accessibility of ride sharing services are likely to drive the demand for ride sharing services. In India and China, the consumer preference is changing and, with the growing population, the demand for ride sharing is increasing to cater to the increase in the consumer base. E-hailing services such as app-based taxi services, car sharing services, and station-based mobility are expected to flourish in this region because of their price attractiveness and convenience in urban mobility. DiDi is the largest player in the region and has close to 400 million subscribers according to news sources. The company enjoys a monopoly in China and is expanding business in other South East Asian countries to widen its footprint.

E-hailing is the largest segment in the ride sharing market, by service type. E-hailing is the most widely used ride sharing service. The growth of e-hailing can be attributed to its user-friendliness and convenience to consumers. E-hailing is dominant across the globe owing to the presence of more players and the ease of access to such services. Also, the increasing number of partnerships between domestic and international service providers such as Uber and DiDi in China is also likely to drive the growth of e-hailing market. Some of the major e-hailing players are Uber, DiDi, Lyft, and Ola, among others.

The ride sharing market has been segmented on the basis of service type (e-hailing, car sharing, station-based mobility, and car rental), car sharing type (P2P and corporate), vehicle type (electric vehicle mobility, CNG/LPG vehicle, ICE vehicle mobility, micro mobility), micro mobility (bike/bicycle, scooter, and others), data service (navigation, information service, payment service, and others), autonomous vehicles, vehicle connectivity, and region [Asia Oceania (China, India, Japan, Singapore, Indonesia, and Australia), Europe (France, Germany, UK, Russia, Spain, Netherlands, Turkey, and Italy), North America (US, Canada, and Mexico), and Rest of the world (Brazil, UAE, and South Africa)].

The ride sharing market in terms of revenue generation is dominated by a few global players and comprises several regional players. Some of the key players in the ride sharing market are Uber (US), Lyft (US), DiDi (China), Grab (Singapore), Gett (Israel), Ola (India), BlaBlaCar (France), Intel (US), TomTom (Netherlands), Aptiv (Ireland), and Denso (Japan). Mergers & acquisitions and partnerships & expansions are the two most prevailing strategies to expand business in this market. For instance, Lyft announced the acquisition of Motivate, a New York-based company that currently operates bike sharing systems in some of the largest, densest US cities. Motivate is also getting a new name-Lyft Bikes. Lyft’s acquisition of Motivate is another big move by a ride hailing company toward the goal of “Mobility-as-a-Service.” Lyft reportedly picked up Motivate for USD 250 million. The second most widely followed strategy is expansion. BlaBlaCar has expanded to Russia and Ukraine-two of the biggest countries in Europe. The BlaBlaCar community has made a large number of cross-border trips to and from Ukraine-hundreds of drivers offer a ride from Poland to Ukraine every month. Key Topics Covered: 1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Ride Sharing Market
4.2 Ride Sharing Market, By Region
4.3 Ride Sharing Market, By Country
4.4 Ride Sharing Market, By Service Type
4.5 Car Sharing Market, By Type
4.6 Ride Sharing Market, By Vehicle Type
4.7 Micro Mobility Market, By Vehicle Type
4.8 Ride Sharing Market, By Data Service
4.9 Ride Sharing Market, By Distance

5 Market Overview
5.1 Introduction
5.2 Ride Sharing – an Overall Ecosystem
5.3 Drivers
5.3.1 Increasing Smartphone and Internet Penetration
5.3.2 Increase in Cost of Vehicle Ownership Reduction in Car Ownership Among Millennials Rising Fuel Prices
5.3.3 Stringent Co2 Reduction Targets
5.4 Restraints
5.4.1 Resistance From Traditional Transport Services
5.4.2 Varying Transport Policies of Different Countries
5.5 Opportunities
5.5.1 Increasing User Base Among Millennials and Potential Generation Z
5.5.2 Development of Autonomous Vehicles for Ride Sharing
5.5.3 Oems as Mobility Service Providers
5.5.4 Public-Private Partnerships
5.5.5 Micro-Mobility
5.6 Challenges
5.6.1 Profitability and Sustainability Model
5.6.2 First Mile Last Mile

6 Industry Trends
6.1 Introduction
6.2 Porters Five Forces Analysis
6.2.1 Intensity of Competitive Rivalry
6.2.2 Threat of Substitutes
6.2.3 Bargaining Power of Suppliers
6.2.4 Bargaining Power of Buyers
6.2.5 Threat of New Entrants
6.3 Impact of Autonomy on Ride Hailing

7 Ride Sharing Market, By Service Type
7.1 Introduction
7.1.1 Research Methodology
7.1.2 Assumptions and Definitions
7.1.3 Industry Insights
7.2 E-Hailing
7.2.1 E-Hailing Leads the Ride Sharing Market With the Presence of Industry Leaders Like Uber and Didi
7.3 Car Sharing
7.3.1 Rise in Daily Commute to Work Places and Increased Need to Save Fuel & Cost are Anticipated to Fuel the Car Sharing Market
7.4 Car Rental
7.4.1 The Demand for Car Rental Will Remain Stagnant Due to Growing Demand for Car Sharing and Station Based Mobility
7.5 Station Based Mobility
7.5.1 Free Floating With Station Based Mobility Can Be A Game Changing Service in the Future

8 Car Sharing Market, By Type
8.1 Introduction
8.1.1 Research Methodology
8.1.2 Assumptions
8.1.3 Industry Insights
8.2 P2P Car Sharing
8.2.1 With the Presence of Industry Leaders Getaround and Blablacar, P2P Leads the Car Sharing Market
8.3 Corporate Car Sharing
8.3.1 Corporate Car Sharing Will Grow Faster in Future, as It is Easier to Find People Travelling for Business Purposes

9 Ride Sharing Market, By Vehicle Type
9.1 Introduction
9.1.1 Research Methodology
9.1.2 Assumptions
9.1.3 Industry Insights
9.2 Ice (Internal Combustion Engine) Vehicle
9.2.1 Ice Vehicles Have the Dominant Presence All Across the Globe in the Ride Sharing Industry
9.3 Cng/Lpg Vehicle
9.3.1 High Adoption in India and China Leads Asia Oceania to Cater Largest Cng/Lpg Ride Sharing Market
9.4 Electric Vehicle
9.4.1 Electric Vehicles has the Potential to Disrupt the Ride Sharing Market in Future
9.5 Micro Mobility Vehicle
9.5.1 Asia Oceania is Expected to Be the Largest Market for Micro Mobility

10 Micro Mobility Market, By Vehicle Type
10.1 Introduction
10.1.1 Research Methodology
10.1.2 Assumptions
10.1.3 Industry Insights
10.2 Bike/Bicycle
10.2.1 Asia Oceania Dominates the Bicycle Market Owing to Presence of Leaders Such as Ofo and Mobike
10.3 Scooter
10.3.1 Scooter Will Show Fastest Growth Owing to Increasing Adoption of Electric Scooters
10.4 Others
10.4.1 Powered Two Wheelers are Facing Tough Competition From Scooters

11 Ride Sharing Market, By Data Service
11.1 Introduction
11.1.1 Research Methodology
11.1.2 Assumptions
11.1.3 Industry Insights
11.2 Information Service
11.2.1 With the Advent of Technology the Usage of Information Service has Increased
11.3 Navigation
11.3.1 Navigation is the Most Imperative Data Service for Ride Sharing Service Providers
11.4 Payment Service
11.4.1 Increasing Adoption of Digital Payment Systems Will Prevail the Market for Payment Data Service
11.5 Other
11.5.1 Backend Support is Important for Maintaing Multiple Data Services

12 Ride Sharing Market, By Distance
12.1 Introduction
12.1.1 Research Methodology
12.1.2 Assumptions
12.1.3 Industry Insights
12.2 Short Distance
12.2.1 E-Hailing and Station Based Mobility Will Prevail the Market for Short Distance Ride Sharing
12.3 Long Distance
12.3.1 Car Rentals Drive the Market for Long Distance Ride Sharing Market

13 Ride Sharing Market, By Region
13.1 Introduction
13.1.1 Research Methodology
13.1.2 Assumptions
13.1.3 Industry Insights
13.2 Asia Oceania
13.2.1 China
13.2.2 India
13.2.3 Japan
13.2.4 Singapore
13.2.5 Indonesia
13.2.6 Australia
13.3 Europe
13.3.1 Germany
13.3.2 France
13.3.3 Italy
13.3.4 Russia
13.3.5 Spain
13.3.6 UK
13.3.7 Turkey
13.3.8 Netherlands
13.4 North America
13.4.1 Canada
13.4.2 Mexico
13.4.3 US
13.5 Rest of the World (RoW)
13.5.1 Brazil
13.5.2 UAE
13.5.3 South Africa

14 Competitive Landscape
14.1 Introduction
14.2 Revenue Impact of Ride Sharing Market
14.3 Ride Sharing: Market Share Analysis
14.4 Competitive Situations & Trends
14.4.1 New Product Development
14.4.2 Expansion
14.4.3 Merger/Acquisition/Partnership/Collaboration

15 Company Profiles
  • Aptiv
  • BMW
  • Blablacar
  • Bosch
  • Cabify
  • Car2go
  • Careem
  • Daimler
  • Denso
  • Didi
  • Easy Taxi
  • Ford
  • General Motors
  • Gett
  • Goget
  • Grab
  • IBM
  • Intel
  • Lyft
  • Ola (Ani Technologies)
  • Taxify
  • Tomtom
  • Toyota
  • Uber
  • Waymo


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