Global Ride Sharing Market was valued US$ 56.80 Bn in 2017 and is estimated to reach US$ 209.44 Bn by 2026 at a CAGR of 17.72%.
The objective s of CO2 emission. IC engine vehicles have the major share in the ride sharing market as these vehicles are most extensively adopted and used globally.
An intra-city segment is dominating global ride sharing market. Distance is the main factor that influences customers while preferring ride-sharing services. In Europe, where the average distance among major cities is much smaller, the ride-sharing for intercity travel is gaining popularity.
Peer-to-peer segment held the largest share in 2017. Peer-to-peer ride-sharing can be divided along the spectrum from commercial, for-fee transportation network companies to for-profit ride-sharing services to informal non-profit peer-to-peer carpooling arrangements.
Region-wise, the Asia Pacific region is anticipated to lead the ride sharing market in terms of market size. Dense population and growing urbanization are driving the ride sharing market. Rising urbanization leads to traffic congestion Cheap China Jerseys , and growing population boosts the demand for different mobility options in urban areas. E-hailing services for instance app-based taxi services, car sharing services, and station-based mobility are projected to flourish in this region because of the increasing population of urban areas.
Mergers & acquisitions, partnerships & expansion are the two most prevailing strategies to enlarge business in ride sharing market. Such as, Lyft announced the acquisition of Motivate, a New York-based company that presently operates bike share systems in some of the largest Cheap Jerseys Wholesale , densest US cities. DiDi is the largest ride sharing company in China and also the largest in the globe, based on gross bookings. DiDi adopted new product developments and partnerships to sustain its market position. In July 2018, DiDi has added the Safe Driving System (SDS) on its drivers鈥?app to detect unsafe driving behaviours by using GPS, gyroscope, and other built-in sensors in smartphones.
Uber and DiDi are estimated to be the dominant players in the ride sharing market. Both the companies have adopted the strategies of expansion, new product development Cheap Jerseys Free Shipping , partnership, and merger & acquisition to retain its leading position in the global ride sharing market. Strengthening the product portfolio and global presence by building customer relationships, they have left a mark not only in the current market however also in emerging markets.
Scope of Global Ride sharing Market
Global Ride sharing Market, by Vehicle Type
鈥?SedanHatchback
鈥?UV
鈥?Van
鈥?Buses & Coaches
鈥?Bikes
鈥?Electric Vehicle
Global Ride sharing Market, by Commuting Distance
鈥?Intra-city
鈥?Inter-city
Global Ride sharing Market, by Type
鈥?Commuting Ridesharing
鈥?Dynamic Ridesharing
鈥?Fixed Long Distance Ridesharing
Global Ride sharing Market Cheap Jerseys From China , by Target Audience
鈥?Corporate
鈥?Families
鈥?Daily commuters
鈥?Others
Global Ride sharing Market, by Business Model
鈥?Peer-to-Peer (P2P)
鈥?Business-to-Business (B2B)
鈥?Business-to-Consumer (B2C)
Global Ride sharing Market, by Region
鈥?North America
鈥?Europe
鈥?Asia Pacific
鈥?Middle East and Africa
鈥?South America
Key Players operating in Global Ride Sharing Market
鈥?Uber
鈥?Lyft, Inc.
鈥?Grab
鈥?Careem
鈥?Taxify O脺
鈥?Gett
鈥?Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing)
鈥?BlaBlaCar
鈥?Wingz, Inc
鈥?Curb Mobility
鈥?Cabify.
鈥?Ola
鈥?Intel
鈥?Tomtom
鈥?Aptiv
鈥?Denso
鈥?
鈥?Lime
鈥?Herts
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