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Global Ridesharing Market Share, Growth: By Service Type: E-Hailing, Station-Based Mobility; By Commute Type: Intercity, Intracity; By Booking Type: Offline Booking, Online Booking; By Vehicle Type: Cars, Bike and Scooters, Others; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Ridesharing Market Outlook
The global ridesharing market is likely to expand at a CAGR of 16.8% during 2023-2028. Ridesharing refers to a service that organizes one-way transportation within a short time. Ridesharing is an environmentally-friendly and cost-effective way of commuting. Ridesharing is also thought to decreases emissions and help prevent traffic congestion. Asia Pacific, North America, and Europe are likely to be key markets.
Efforts to Find Eco-friendly and Economical Ways to Commute Likely to Drive Global Market
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. Modern apps have made it easier for travellers to get in touch with domestic carpools, and leading players such as Lyft and Uber have taken steps to capture the carpooling space.
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Increasing Use of Smartphones Expected to Stimulate Market Growth
Increasing smartphone penetration is likely to enhance the global ridesharing market. Tablets and smartphones have been growing in popularity among users falling under different age groups and types. Pricing, portability, easy and interactive access, and adaptability are some factors behind such popularity. Increasing fuel and car prices are also expected to boost market growth.
Innovative Solutions by Leading Companies, Growth of Popular Apps Likely to Push Market Growth
Companies like Tesla seek to introduce solutions such as Robotaxi to offer completely autonomous and driverless shared rides. Such developments are likely to boost the global ridesharing market.
Popular rides haring apps include:
Uber – This is arguably the most popular ridesharing service. The service had almost 93 million active users as of April 2022. The app works across the world. Uber also offers different types of ride options across price points, including Uber X, Uber XL, Uber Lux, Uber Black/Black SUV, Uber Comfort, and Uber Green.
Lyft – A renowned ridesharing app, it provides transport service in more than 644 cities in the USA. The service is available in twelve cities in Canada. Lyft provides a variety of vehicles, such as average-sized Lyft autos and larger Lyft Plus cars. The business has also made a move towards scooters. Lyft also offers ride alternatives like Lyft Lux, Lux Black and Lux Black XL.
Gett – Previously known as GetTaxi, is an Israel-based ridesharing app. The service spans over 100 cities across the globe, including USA, UK, and Israel.
Curb – A rapidly expanding service, it has a network of fifty thousand taxis and hire cars across over 65 cities in the USA.
Other popular apps include Wingz, Via, Scoop, Bridj, Arro, and Flywheel, among others.
Market Segmentation
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By service type, the market is divided into:
- E-Hailing
- Station-Based Mobility
By commute type, the market is classified into:
- Intercity
- Intracity
By booking type, the market is segmented into:
- Offline Booking
- Online Booking
By type, the market is classified into:
- Web Based
- App Based
By vehicle type, the market is segmented into:
- Cars
- Bike and Scooters
- Others
By region, the market is divided into:
- Europe
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
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Key Industry Players in the Market
The report extensively analyses major players in the global ridesharing market, looks into their capability, and monitors newest happenings like plant turnarounds, capacity expansions, and mergers and acquisitions:
- Uber Technologies Inc.
- DiDi Global Inc.
- Lyft, Inc
- ANI Technologies Private Limited
- Cabify Spain SLU
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Service Type |
|
| Breakup by Commute Type |
|
| Breakup by Booking Type |
|
| Breakup by Vehicle Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Ridesharing Market Analysis
8.1 Key Industry Highlights
8.2 Global Ridesharing Historical Market (2018-2022)
8.3 Global Ridesharing Market Forecast (2023-2028)
8.4 Global Ridesharing Market by Service Type
8.4.1 E-Hailing
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Station-Based Mobility
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Ridesharing Market by Commute Type
8.5.1 Intercity
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Intracity
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Ridesharing Market by Booking Type
8.6.1 Offline Booking
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Online Booking
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.2.4 Breakup by Type
8.6.2.4.1 Web Based
8.6.2.4.2 App Based
8.7 Global Ridesharing Market by Vehicle Type
8.7.1 Cars
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Bike and Scooters
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Others
8.8 Global Ridesharing Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Ridesharing Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Ridesharing Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Ridesharing Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Ridesharing Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Ridesharing Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Uber Technologies Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 DiDi Global Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Lyft, Inc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 ANI Technologies Private Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Cabify Spain SLU
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Ridesharing Market: Key Industry Highlights, 2018 and 2028
2. Global Ridesharing Historical Market: Breakup by Service Type (USD Million), 2018-2022
3. Global Ridesharing Market Forecast: Breakup by Service Type (USD Million), 2023-2028
4. Global Ridesharing Historical Market: Breakup by Commute Type (USD Million), 2018-2022
5. Global Ridesharing Market Forecast: Breakup by Commute Type (USD Million), 2023-2028
6. Global Ridesharing Historical Market: Breakup by Booking Type (USD Million), 2018-2022
7. Global Ridesharing Market Forecast: Breakup by Booking Type (USD Million), 2023-2028
8. Global Ridesharing Historical Market: Breakup by Vehicle Type (USD Million), 2018-2022
9. Global Ridesharing Market Forecast: Breakup by Vehicle Type (USD Million), 2023-2028
10. Global Ridesharing Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Ridesharing Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Ridesharing Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Ridesharing Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Ridesharing Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Ridesharing Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Ridesharing Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Ridesharing Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Ridesharing Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Ridesharing Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Ridesharing Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Ridesharing Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Ridesharing Market Structure
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 16.8% between 2023 and 2028.
The major market drivers are the growing tourism industry, preference of people to avoid ownership of vehicles, and an increasing population.
The key market trends include the interest of commuters in finding economical ways to travel, importance of being eco-friendly, and the rising penetration of the internet and smartphones, simplifying the process to book rides.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various ridesharing service types in the market include e-hailing and station-based mobility.
The various commute types in the market for ridesharing include intercity and intracity.
The various booking types in the market for ridesharing include online and offline.
The different vehicle types in the market for ridesharing include cars, and bike and scooters, among others.
The major players in the ridesharing market are Uber Technologies Inc., DiDi Global Inc., Lyft, Inc, ANI Technologies Private Limited, and Cabify Spain SLU, among others.
Ridesharing aims to reduce negative impacts associated with emissions, lower traveling costs and congestion, increase passenger vehicle occupancy, and provide convenience to travellers.
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