Ride Hailing Market

Using ride hailing services is convenient when a rider is in a hurry or want to go somewhere but do not have a car. With the help of a mobile app, a rider can book a car with a nearby driver. The customer can also see the number plate of the car and the time it will take to arrive at their destination. This service is not only convenient however, also affordable. Ride hailing services are popular with young adults.

Ride-hailing service providers offer accurate location tracking, real-time feedback, and panic/SOS buttons. These services have helped improve travel safety and reduce transportation costs.

Market Dynamics:

Increasing demand for e-hailing services is driving the global ride-hailing market. Users can easily make reservations for their rides using their e-hailing apps. Moreover, transportation network companies are also adopting user-friendly e-hailing apps. These ride-hailing service providers are also improving their location tracking systems to ensure the safety of their passengers. These services also accept different types of e-payment methods.

However, the global ride-hailing market is likely to be hampered by factors such as growing traffic issues and varying transportation policies in different regions.

Key features of the study:

• This report provides in-depth analysis of the global ride-hailing market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global ride-hailing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Yandex.Taxi LLC, Didi Chuxing Technology Co., Be Group JSC, Uber Technologies Inc., ZuumViet, Lyft Inc., FastGo Vietnam JSC, Grab Holdings Inc., ANI Technologies Pvt. Ltd., Free now (Daimler), and BlaBla Car
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global ride-hailing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ride-hailing market

Detailed Segmentation:

• Global Ride-Hailing Market, By Vehicle Type
  • Motorcycle
  • Cars
• Global Ride-Hailing Market, By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • Didi Chuxing Technology Co.
  • Uber Technologies Inc.
  • Lyft Inc.
  • Grab Holdings Inc.
  • Free now (Daimler)
  • BlaBla Car
  • ANI Technologies Pvt. Ltd
  • FastGo Vietnam JSC
  • ZuumViet
  • Be Group JSC
  • Yandex.Taxi LLC