Ride Hailing Market Size, Share, Trends, Growth Outlook

The Global Ride Hailing Market Size is estimated to register 15.1% growth over the forecast period from 2023 to 2030.

 

The market growth is driven by the increasing environmental awareness and government incentives have pushed ride-hailing companies to adopt electric vehicles. This trend is expected to continue as EV infrastructure improves. Leading Companies that are focusing on Electric and Autonomous Vehicles, Mobility as a Service (MaaS), Sustainability and ESG, Last-Mile and Micro-Mobility, Data Utilization, Global Expansion, and others to boost market shares in the industry.

Market Overview

The ride-hailing market, characterized by app-based, on-demand transportation services connecting passengers with independent contractor drivers, featured major players like Uber, Lyft, Didi Chuxing, Grab, and Ola in 2021. Key trends included a shift toward electric vehicles, the impact of the COVID-19 pandemic, regulatory challenges regarding driver classification and safety standards, diversification into additional services like food and grocery delivery, and global expansion efforts by leading companies.

 

Market Dynamics

Market Trends - Ride-hailing companies conduct background checks and screen drivers to ensure the safety of their passengers.

Ride-hailing companies place a paramount emphasis on passenger safety through rigorous background checks and driver screening processes. These measures involve thorough criminal background checks, driving history evaluations, and vehicle inspections. By scrutinizing potential drivers, these companies aim to create a secure and reliable transportation network for their customers. Additionally, ongoing monitoring of driver performance and adherence to safety protocols ensures that passengers can trust the platform to provide a safe and comfortable ride experience.

 

Market Driver- Ride-hailing companies are using data and personalization to improve the customer experience and meet the growing demand for personalized services

Ride-hailing companies are harnessing the power of data and personalization to revolutionize the customer experience and meet the escalating demand for tailored services. Through advanced algorithms and data analytics, these companies can predict user preferences, optimize routes, and estimate arrival times with remarkable accuracy. Moreover, they can offer customized ride options, such as luxury or shared rides, to cater to diverse customer needs. This data-driven approach not only enhances convenience but also contributes to safety by identifying potential issues and implementing proactive solutions.

 

Market Opportunity- The introduction of autonomous vehicles is revolutionizing the ride-hailing market.

The advent of autonomous vehicles is fundamentally reshaping the ride-hailing market, offering cost savings, increased accessibility, and improved safety. Ride-hailing companies are investing heavily in autonomous technology, but its widespread adoption also raises challenging regulatory and societal issues, such as job displacement and cybersecurity. This transformation is a pivotal and complex development in the industry.

 

Market Share Analysis- Station-Based the Ride-hailing Market will register the fastest growth

The Global Ride Hailing Market is analyzed across E-hailing, Car Sharing, Station-Based, Car Rental, and others. Station-based is poised to register the fastest growth. Station-Based Ride-hailing Market involves ride-hailing services operating from designated hubs, aiming to improve efficiency and reduce congestion, though it may impact user convenience and accessibility.

 

Market Share Analysis- Cars held a significant market share in 2023

The Global Ride Hailing Market is analyzed across various Vehicle types including two-wheelers, Cars, and others. Of these, Cars held a significant market share in 2023. The Cars for Ride-hailing Market" encompasses vehicles tailored for ride-hailing services, emphasizing factors like fuel efficiency, durability, comfort, and passenger-focused technology. This market also sees a rising interest in electric and hybrid vehicles due to their environmental advantages and cost-efficiency.

 

Ride-Hailing Market Segmentation

By Type

• E-hailing
• Car Sharing
• Station-Based
• Car Rental

By Vehicle Type

• Two-Wheeler
• Car
• Others

By Payment Mode

• Cash
• Online

By End User

• Personal
• Commercial

By Location Type

• Urban
• Uber

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Ride-Hailing Market Companies

• Uber Technologies (United States)
• Grab (Singapore)
• Ola (India)
• DiDi Chuxing (China)
• Lyft (United States)
• Herts (United States)
• BlaBlaCar (France)
• Lime (United States)
• Gett (Israel)

 

*List not exhaustive

 

Ride Hailing Market Outlook 2023

1 Market Overview

1.1 Introduction to the Ride Hailing Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 Ride Hailing Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Ride Hailing Market Companies with Area Served

4.2.2 Products Offerings Global Ride Hailing Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 post-COVID-19 Scenario- Low Growth Case

5.1.3 post-COVID-19 Scenario- Reference Growth Case

5.1.4 post-COVID-19 Scenario- Low Growth Case

 

6 Global Ride Hailing Market Trends

6.1 Global Ride Hailing Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global Ride Hailing Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global Ride Hailing Revenue (USD Million) and CAGR (%) by regions (2018-2030)

 

7 Global Ride Hailing Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global Ride Hailing Revenue (USD Million) by Type (2018-2022)

7.1.1 Global Ride Hailing Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global Ride Hailing Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global Ride Hailing Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global Ride Hailing Development Regional Status and Outlook

8.1 Global Ride Hailing Revenue (USD Million) By Regions (2018-2022)

8.2 North America Ride Hailing Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America Ride Hailing Revenue (USD Million) by Country (2018-2022)

8.2.2 North America Ride Hailing Revenue (USD Million) by Type (2018-2022)

8.2.3 North America Ride Hailing Revenue (USD Million) by Applications (2018-2022)

8.3 Europe Ride Hailing Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe Ride Hailing Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe Ride Hailing Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe Ride Hailing Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific Ride Hailing Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific Ride Hailing Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific Ride Hailing Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific Ride Hailing Revenue (USD Million) by Applications (2018-2022)

8.5 South America Ride Hailing Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America Ride Hailing Revenue (USD Million), by Country (2018-2022)

8.5.2 South America Ride Hailing Revenue (USD Million) by Type (2018-2022)

8.5.3 South America Ride Hailing Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa Ride Hailing Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa Ride Hailing Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa Ride Hailing Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa Ride Hailing Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global Ride Hailing Market Revenue (USD Million), by Type, and Applications (2023-2030)

10.1 Global Ride Hailing Revenue (USD Million) and Market Share (%) by Type (2023-2030)

10.1.1 Global Ride Hailing Revenue (USD Million), and Market Share (%) by Type (2023-2030)

10.2 Global Ride Hailing Revenue (USD Million) and Market Share (%) by Applications (2023-2030)

10.2.1 Global Ride Hailing Revenue (USD Million), and Market Share (%) by Applications (2023-2030)

 

11 Global Ride Hailing Development Regional Status and Outlook Forecast

11.1 Global Ride Hailing Revenue (USD Million) By Regions (2023-2030)

11.2 North America Ride Hailing Revenue (USD Million) by Type, and Applications (2023-2030)

11.2.1 North America Ride Hailing Revenue (USD) Million by Country (2023-2030)

11.2.2 North America Ride Hailing Revenue (USD Million), by Type (2023-2030)

11.2.3 North America Ride Hailing Revenue (USD Million), Market Share (%) by Applications (2023-2030)

11.3 Europe Ride Hailing Revenue (USD Million), by Type, and Applications (2023-2030)

11.3.1 Europe Ride Hailing Revenue (USD Million), by Country (2023-2030)

11.3.2 Europe Ride Hailing Revenue (USD Million), by Type (2023-2030)

11.3.3 Europe Ride Hailing Revenue (USD Million), by Applications (2023-2030)

11.4 Asia Pacific Ride Hailing Revenue (USD Million) by Type, and Applications (2023-2030)

11.4.1 Asia Pacific Ride Hailing Revenue (USD Million), by Country (2023-2030)

11.4.2 Asia Pacific Ride Hailing Revenue (USD Million), by Type (2023-2030)

11.4.3 Asia Pacific Ride Hailing Revenue (USD Million), by Applications (2023-2030)

11.5 South America Ride Hailing Revenue (USD Million), by Type, and Applications (2023-2030)

11.5.1 South America Ride Hailing Revenue (USD Million), by Country (2023-2030)

11.5.2 South America Ride Hailing Revenue (USD Million), by Type (2023-2030)

11.5.3 South America Ride Hailing Revenue (USD Million), by Applications (2023-2030)

11.6 Middle East and Africa Ride Hailing Revenue (USD Million), by Type, and Applications (2023-2030)

11.6.1 Middle East and Africa Ride Hailing Revenue (USD Million), by region (2023-2030)

11.6.2 Middle East and Africa Ride Hailing Revenue (USD Million), by Type (2023-2030)

11.6.3 Middle East and Africa Ride Hailing Revenue (USD Million), by Applications (2023-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Ride Hailing Market Companies with Areas Served

Table 3 Products Offerings Global Ride Hailing Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Ride Hailing Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global Ride Hailing Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global Ride Hailing Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global Ride Hailing Revenue (USD Million) By Type (2018-2022)

Table 11 Global Ride Hailing Revenue Market Share (%) By Type (2018-2022)

Table 12 Global Ride Hailing Revenue (USD Million) By Applications (2018-2022)

Table 13 Global Ride Hailing Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global Ride Hailing Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global Ride Hailing Market Share (%) By Regions (2018-2022)

Table 16 North America Ride Hailing Revenue (USD Million) By Country (2018-2022)

Table 17 North America Ride Hailing Revenue (USD Million) By Type (2018-2022)

Table 18 North America Ride Hailing Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe Ride Hailing Revenue (USD Million) By Country (2018-2022)

Table 20 Europe Ride Hailing Revenue (USD Million) By Type (2018-2022)

Table 21 Europe Ride Hailing Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific Ride Hailing Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific Ride Hailing Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific Ride Hailing Revenue (USD Million) By Applications (2018-2022)

Table 25 South America Ride Hailing Revenue (USD Million) By Country (2018-2022)

Table 26 South America Ride Hailing Revenue (USD Million) By Type (2018-2022)

Table 27 South America Ride Hailing Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa Ride Hailing Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa Ride Hailing Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa Ride Hailing Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global Ride Hailing Revenue (USD Million) By Type (2023-2030)

Table 33 Global Ride Hailing Revenue Market Share (%) By Type (2023-2030)

Table 34 Global Ride Hailing Revenue (USD Million) By Applications (2023-2030)

Table 35 Global Ride Hailing Revenue Market Share (%) By Applications (2023-2030)

Table 36 Global Ride Hailing Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)

Table 37 North America Ride Hailing Revenue (USD)By Country (2023-2030)

Table 38 North America Ride Hailing Revenue (USD Million) By Type (2023-2030)

Table 39 North America Ride Hailing Revenue (USD Million) By Applications (2023-2030)

Table 40 Europe Ride Hailing Revenue (USD Million) By Country (2023-2030)

Table 41 Europe Ride Hailing Revenue (USD Million) By Type (2023-2030)

Table 42 Europe Ride Hailing Revenue (USD Million) By Applications (2023-2030)

Table 43 Asia Pacific Ride Hailing Revenue (USD Million) By Country (2023-2030)

Table 44 Asia Pacific Ride Hailing Revenue (USD Million) By Type (2023-2030)

Table 45 Asia Pacific Ride Hailing Revenue (USD Million) By Applications (2023-2030)

Table 46 South America Ride Hailing Revenue (USD Million) By Country (2023-2030)

Table 47 South America Ride Hailing Revenue (USD Million) By Type (2023-2030)

Table 48 South America Ride Hailing Revenue (USD Million) By Applications (2023-2030)

Table 49 Middle East and Africa Ride Hailing Revenue (USD Million) By Region (2023-2030)

Table 50 Middle East and Africa Ride Hailing Revenue (USD Million) By Region (2023-2030)

Table 51 Middle East and Africa Ride Hailing Revenue (USD Million) By Type (2023-2030)

Table 52 Middle East and Africa Ride Hailing Revenue (USD Million) By Applications (2023-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Ride Hailing Revenue (USD Million) By Type (2018-2022)

Figure 4 Global Ride Hailing Revenue Market Share (%) By Type (2022)

Figure 5 Global Ride Hailing Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global Ride Hailing Revenue Market Share (%) By Applications (2022)

Figure 7 Global Ride Hailing Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global Ride Hailing Market Share (%) By Regions (2022)

Figure 9 North America Ride Hailing Revenue (USD Million) By Country (2018-2022)

Figure 10 North America Ride Hailing Revenue (USD Million) By Type (2018-2022)

Figure 11 North America Ride Hailing Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe Ride Hailing Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe Ride Hailing Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe Ride Hailing Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific Ride Hailing Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific Ride Hailing Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific Ride Hailing Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America Ride Hailing Revenue (USD Million) By Country (2018-2022)

Figure 19 South America Ride Hailing Revenue (USD Million) By Type (2018-2022)

Figure 20 South America Ride Hailing Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa Ride Hailing Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa Ride Hailing Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa Ride Hailing Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global Ride Hailing Revenue (USD Million) By Type (2023-2030)

Figure 25 Global Ride Hailing Revenue Market Share (%) By Type (2030)

Figure 26 Global Ride Hailing Revenue (USD Million) By Applications (2023-2030)

Figure 27 Global Ride Hailing Revenue Market Share (%) By Applications (2030)

Figure 28 Global Ride Hailing Market Revenue (USD Million) By Regions (2023-2030)

Figure 29 North America Ride Hailing Revenue (USD Million) By Country (2023-2030)

Figure 30 North America Ride Hailing Revenue (USD Million) By Type (2023-2030)

Figure 31 North America Ride Hailing Revenue (USD Million) By Applications (2023-2030)

Figure 32 Europe Ride Hailing Revenue (USD Million) By Country (2023-2030)

Figure 33 Europe Ride Hailing Revenue (USD Million) By Type (2023-2030)

Figure 34 Europe Ride Hailing Revenue (USD Million) By Applications (2023-2030)

Figure 35 Asia Pacific Ride Hailing Revenue (USD Million) By Country (2023-2030)

Figure 36 Asia Pacific Ride Hailing Revenue (USD Million) By Type (2023-2030)

Figure 37 Asia Pacific Ride Hailing Revenue (USD Million) By Applications (2023-2030)

Figure 38 South America Ride Hailing Revenue (USD Million) By Country (2023-2030)

Figure 39 South America Ride Hailing Revenue (USD Million) By Type (2023-2030)

Figure 40 South America Ride Hailing Revenue (USD Million) By Applications (2023-2030)

Figure 41 Middle East and Africa Ride Hailing Revenue (USD Million) By Region (2023-2030)

Figure 42 Middle East and Africa Ride Hailing Revenue (USD Million) By Region (2023-2030)

Figure 43 Middle East and Africa Ride Hailing Revenue (USD Million) By Type (2023-2030)

Figure 44 Middle East and Africa Ride Hailing Revenue (USD Million) By Applications (2023-2030)

Figure 45 Bottom-Up and Top-Down Approaches for This Report

Figure 46 Data Triangulation

 

Ride-Hailing Market Segmentation

By Type

• E-hailing
• Car Sharing
• Station-Based
• Car Rental

By Vehicle Type

• Two-Wheeler
• Car
• Others

By Payment Mode

• Cash
• Online

By End User

• Personal
• Commercial

By Location Type

• Urban
• Uber

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)