Top 5 Companies Leading the Global Ridesharing Market

Uber Technologies Inc., DiDi Global Inc., Lyft, Inc., ANI Technologies Private Limited, and Cabify Spain SLU, among others, are leading players in the global ridesharing market. 

The global ridesharing market is expected to grow at a CAGR of 16.8% during the period 2023-2028. Ridesharing is an environmentally-friendly and cost-effective way of commuting. Ridesharing is also thought to decreases emissions and help prevent traffic congestion. Over the years, the exercise of accessing an app or website to place a call for means of transport has increased rapidly. The ridesharing industry is based on sharing the vehicle with other people by making stops along the way. 

Growing population and expanding global industrialization has led to a boom in the ride-sharing industry in recent years. Decreasing dependence on single-occupancy vehicles is considered a possible solution to relieving traffic congestion. Advances in technology have led to an increase in popularity of ridesharing. Technological advancements are expected to drive the global ridesharing market even further. North America, Europe and Asia Pacific are likely to be key markets.

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Top 5 Companies in the Global Ridesharing Market

Uber Technologies Inc.

Uber Technologies Inc. offers ride hailing services. Serving customers across the globe, the company builds applications for road transportation, ride sharing, navigation, and payment processing solutions. Uber has evolved into an international platform, from linking rides on four wheels to two wheels to eighteen-wheel freight deliveries.

DiDi Global Inc.

DiDi Global Inc. is a major mobility technology platform. The company offers a variety of app-based services across Latin America, Asia-Pacific, and Africa, and in Russia and Central Asia; services include ride-hailing, taxi-hailing, chauffeur, hitch and other types of shared mobility and auto solutions, intra-city freight, food delivery, and financial services.

Lyft, Inc.

Lyft, Inc. offers online ridesharing services. The company provides car transportation, ride booking, and payment processing services in USA and certain cities in Canada.

ANI Technologies Private Limited (Ola Cabs.Com)

Ola is India’s largest mobility platform and a major international ride-hailing company; Ola serves more than 250 cities across Australia, India, UK, and New Zealand. The Ola app provides mobility solutions by linking customers to a variety of vehicles (auto-rickshaws, bikes, cabs, metered taxis) and drivers, allowing consumers transparency and convenience. In India, Ola’s core mobility offering is assisted by Ola Electric - its electric-vehicle arm.

Cabify Spain SLU

Cabify Spain SLU, a signatory member of the UN Global Compact, links private users and companies possessing means of transport most appropriately suiting their requirements. The company seeks to reduce street congestion through technology and by providing quality and safe transport options. Cabify has presence in Spain, Brazil, Argentina, Colombia, Chile, Spain, Ecuador, Panama, Mexico, Uruguay, Peru, Portugal and the Dominican Republic.