Ridesharing Market by Service Type (E-hailing, Car Sharing, Car Rental, and Station-based Mobility), and Vehicle Type (ICE Vehicle, CNG/LPG Vehicle, Electric Vehicle, Bike, and Scooters): Global Opportunity Analysis and Industry Forecast, 2020–2027
A10837 | Pages: NA | Jun 2021 | 69 Views | | |
Author(s) : vineet kumar | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Ridesharing Market
Request Now !Ridesharing Market Statistics: 2027
Ride sharing is an arrangement in which a passenger travels with other co-passengers on a short notice by paying less fee than a taxi. Ride sharing services can be availed on apps for which internet is the most basic requirement. Ride sharing has many benefits over self-owned vehicle, are cheaper than taxis, and can be booked easily from anywhere. These services also help to create employment in the country and are great source of income for drivers. In addition, it helps in reducing drunken driving cases as ridesharing services can be availed by a tap of button.
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2019–2027 |
 Base year considered |  2019 |
 Forecast period |  2020–2027 |
 Forecast units |  Value ($) |
 Segments covered |  Service Type, Vehicle Type, and Region. |
 Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa |
 Companies covered | Major players include: Didi Chuxing, Easy task, Grab, Go Jerk, Hitch-a-Ride, Haxi, Ola, Lyft, , Uber Technology Inc., and Yandex Taxi. |
Â
COVID-19 scenario Analysis:
- Governments have imposed travel restrictions across the globe thus, all prominent players have suspended their operations in majority of the countries. In addition, in some countries such as India, cab services are resumed with the strict rule of only 1 person travelling apart from the driver at a time, which is expected to affect the market growth.
- To practice social distancing and avoid contact with other people in a sharing car, commuters are expected to refrain ride sharing, which would hamper the market growth. However, once the pandemic is over, the market is expected to gain a positive rise.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Rise in urbanization and decrease in car ownerships, owing to maintenance charges are the key factors that drive growth of the ridesharing market. In addition, surge in use of smart electronic devices such as smart phones, tablets, and laptop fuels growth of the market. However, privacy concerns and long queue/waiting time hampers growth of the market. Furthermore, increase in user base among millennials and introduction of self-driven cars for ridesharing is expected to provide lucrative opportunities for the market.
The market trends for ridesharing market are as follows:
Rise in smartphone and internet penetration
Ridesharing apps are internet enabled apps, which means internet connectivity is the basic requirement to run ridesharing app and avail the services. Navigation services are also used to run the app, which requires internet. Presently, almost all people use smart phones and have access to internet, which, in turn, boosts the market growth.
Increase in cost of vehicle ownership
With the rise in fuel and vehicle, insurance, and vehicle registration costs, ridesharing apps have become a great choice for people. Maintenance costs have also increased, owing to advanced technologies enabled in vehicles, which increase the overall vehicle ownership price. Hence, people now prefer ridesharing rather than purchasing a vehicle to save money, which, in turn, boosts the market growth.
Strict government laws to reduce pollution
The manufacturing industry is the major contributor in gas emissions, owing to which governments across the globe are making strict rules and regulations to reduce harmful substances from surroundings. Furthermore, many people refrain to buy new vehicles, owing to increased cost and adoption of ridesharing services, which ensures market growth.
Key segments covered:
Segments | Sub-segments |
 Service type |
|
 Vehicle type |
|
Â
Key benefits of the report:
- This study presents the analytical depiction of the global ridesharing market along with the current trends and future estimations to determine the imminent investment pockets.  Â
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global ridesharing market share. Â Â Â
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global ridesharing market growth scenario. Â Â Â Â Â Â
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.  Â
- The report provides a detailed market analysis based on the present and future competitive intensity of the market.Â
Questions answered in ridesharing market research report:Â Â Â
- Who are the leading market players active in ridesharing market?
- What would be the detailed impact of COVID-19 on ridesharing market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the ridesharing market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Ridesharing Market
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Featured Reports
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers