Ride-Hailing Service Market
Ride-Hailing Service Market Analysis By Vehicle Type (Four Wheeler, Others (Two Wheeler, Three Wheeler)), By End-User Type (Personal, Business), and Region - Global Market Insights 2023 To 2033
Analysis of Ride Hailing Service Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Ride-Hailing Service Market Outlook (2023-2033)
The global ride-hailing service market is expected to be worth US$ 109.3 billion in the fiscal year 2023, up from US$ 97 billion in the fiscal year 2022. From 2023 to 2033, the market is expected to grow at a 12.7% CAGR, reaching a value of US$ 361.3 billion by the end of 2033.
The emergence of key players in new geographies and rising customer ridership due to ease and convenience are boosting the growth in the ride-hailing services market.
Customer's desire to avoid the high overhead expenses of car ownership and maintenance, combined with increasing road congestion and a shortfall of parking spaces, drives the global market expansion. For a variety of reasons, the native population is considering transitioning to urban areas and metro cities, likely to result in a high population.
Furthermore, burgeoning ride-hailing and taxi-booking applications, along with rising internet service infiltration and mobile phone accessibility, are propelling the global ride-hailing and taxi market.
The automotive industry contributes significantly to greenhouse gas emissions. The government and private organizations in the automotive sector are working together to reduce increased Co2 emissions.
Various organizations, including Canada's International Institute for Sustainable Development, India's Ministry of Environment and Climate Change, and the Paris Agreement on Climate Change, have established ambitious goals and guidelines. These morals and regulatory requirements are likely to encourage the use of these types of sharing services over owning a private vehicle in that area.
Land transportation has become much more convenient and pleasant, thanks to rail-hailing apps. With a few clicks on their mobile phone, the consumer can have the most recent vehicles selected from any location and arrive at their destination stress-free.
Customers get the best professional quality service by employing this system, with very experienced people progressing at their required frequency in pleasant and clean automobiles - no engine trouble at all. More importantly, customers can rate drivers and provide feedback on the service.
This forces the drivers to perform at their highest professional level at all times, providing you with the most satisfying customer experience ever. Similarly, drivers provide reports and reviews about the consumer experience.
Report Attributes |
Details |
|
Anticipated Base Year Value (2022) |
US$ 97 Billion |
|
Expected Market Value (2023) |
US$ 109.3 Billion |
|
Projected Forecast Value (2033) |
US$ 361.3 Billion |
|
Global Growth Rate (2023-2033) |
12.7% |
|
Expected Growth Rate of the US Market (2023-2033) |
12.3% CAGR |
|
Anticipated Growth Rate of China Market (2023-2033) |
13.6% CAGR |
|
Prominent Players in The Global Market |
|
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2018-2022 Ride-Hailing Service Market Demand Analysis vs. Forecast 2023-2033
The U.S, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the nations most affected by the COVID-19 pandemic, based on the World Health Organization's (WHO) latest monitoring report. The global economy faced significant consequences in 2020, and the effects remained for some time.
The outbreak has had an impact on electronics, semiconductors, and the automotive sectors. Therefore, the expansion of the ride-hailing service market is being stifled by a drastic drop in the development of the aforementioned domains. According to market research and competitive intelligence provider Fact.MR- the market for ride-hailing services reflected a value CAGR of 7.1% during the historical period, 2018-2022.
Nevertheless, with the easing of travel restrictions and the resumption of lockdown and vaccination procedures, production and construction enterprises have resumed operations, and the ride-hailing industry has begun to recapture its traction. As a result, the market for ride-hailing services was in high demand in 2021.
Which are Some Prominent Drivers of the Ride-Hailing Service Market?
Augment in Mobility-as-a-Service Trend to Drive Ride-Hailing Service Market Growth
Mobility-as-a-service lowers costs for the consumer by making the most of transportation services such as car-sharing and ride-hailing. According to statistics, cities currently house 55 percent of the world's population, with estimates predicting that by 2050, cities will house 68 percent of the population.
Heavy traffic is already a result of the rapid growth of the urban population. By creating the use of current public and private transportation systems, the Mobility as a Service (MaaS) principle may be a superior option for decreasing traffic congestion.
The emergency need for efficient approaches to handling traffic in smart cities more quickly, cheaply, and conveniently is predicted to propel the MaaS market growth through 2033. As a result, the growing trend of mobility as a Service (MaaS) is predicted to drive the global market for ride-hailing service growth.
Increased Vehicle Ownership Costs to drive market growth
People who cannot afford to buy a car can travel in comfort due to mobility solutions. Capital, fuel, servicing, licensing, maintenance & repair, and depreciation all contribute to the cost of owning a vehicle. Fuel costs and maintenance expenses have risen dramatically in recent years, and a similar trend is expected to continue. According to AAA's most recent research, the average annual expense of owning and operating a new car in 2022 is $10,728, or $894 per month.
Ride-hailing service lowers the user's costs by maximizing the utilization of transportation services such as car-sharing and ride-hailing. It also helps to reduce traffic jams and general automobile exhaust in cities. As a consequence, digitally enabled ride-hailing effectively manages transportation demand while also offering an easy and pocket-friendly friendly substitute to private vehicle ownership. Thus this factor is expected to expand the market growth over the forecast period.
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What are the Challenges Projected to be Faced by the Market?
Strict transportation policies to restrict the market growth
The operation of app-based mobility solutions is not governed by a legitimate process in several countries. As a result, their operations are not described or governed by the federal government. Taxi companies must obtain their licenses and registration. This creates app-based cab companies difficult because many app-based enterprises do not own the vehicles.
The percentage of these laws, as well as their regulation, fines, and other penalties, is rising. For instance, the California Consumer Privacy Act (CCPA), which went into effect in January 2020, also governs consumer record-keeping in the ride-sharing industry. Stringent automotive registration and license regulations pose challenges for an app-based taxi fleet that offers ride-sharing facilities. This has hampered the expansion of ride-hailing services in many nations and regions.
Region-Wise Insights
What Makes North America the Largest Market for Ride-Hailing Services?
Significant investment by auto manufacturers to drive the market growth
North America, with significant economies such as the United States, Canada, and Mexico, serves as the most technically sophisticated region. These economies are distinguished by better living conditions, high personal spending power, and rapid innovation in the technology industry.
Furthermore, the regional industry is expanding due to an expansion in the number of transportation network companies providing ride-hailing and car rental facilities in Seattle, New York, San Francisco, Utah, Burlington, Dallas, and Boulder. In 2023, North America is accounting for a significant market share of 28%. The United States market is anticipated to grow at a CAGR of 12.3%.
The growth of the ride-hailing service industry in North America is the consequence of significant investments by auto manufacturers, service providers, and shareholders. The broad support of the US administration for the marketing and acknowledgment of numerous on-demand ride-hailing services drives the industry.
- For instance, in July 2019, International Automotive Components (IAC) invested US$ 250 million in Turo, a car-sharing company. The capital investment will be utilized to enhance the experience for clients. Thus owing to the above-mentioned factors North American ride-hailing services are expected to witness major growth over the upcoming decades.
What can be expected from the East Asia market For Healthcare Consulting Services?
East Asia to lead the market expansion with highest market CAGR
East Asia is predicted to dominate the industry with a market share of 32%. Moreover, the East Asia region market is predicted to grow at the highest CAGR of 13.3% over the forecast period. Ride-hailing Market players in East Asian country China are offering incentives to their drivers to ensure that routine bookings are not disrupted.
For instance, because the National Day Holiday coincides with the Mid-Autumn Festival in September 2020, many Didi Chuxing drivers chose to leave early. To motivate more drivers to accept orders, the platform collaborated with the taxi company unit Kuaidi New Taxi and the new industry ride-sharing service Huaxiaozhu to offer a CNY 100 million driver financial support. Thus this factor is expected to drive market growth.
Furthermore, the region's growing economy, increased demand for employment opportunities, attempts to establish a business-friendly environment, and urban population growth all are anticipated to contribute to regional market growth over the upcoming decades.
Category-Wise Insights
Which Vehicle Type Leads the Market for Ride-Hailing Service?
Four Wheeler Vehicle Type to lead the Ride-Hailing Service market
Due to the highest consumption among workplace commuters, the four-wheeler segment is projected to lead the ride-hailing service market over the coming years. The numerous technological advancements for electronic payments, protection, and convenience for riders and drivers, among other things, have contributed to the expansion of the four-wheeler segment.
This segment is predicted to account for 83% of the market in 2023. As a result, these variables have contributed to the growth of this segment. For instance, TATA Motors was the sole leader in the 4-wheeler electric vehicle sector in India in 2022, with a 4% increment and a market share of 82.79%.
Which End User Segment to Dominate the Market?
Personal ride-hailing service segment account for the highest market share
Over the projected timeframe, the personal end-user segment in the market is anticipated to be fueled by a boost in the daily commute to the workplace in urban areas, in addition to an intense tendency to save fuel by offering a ride to travelers and coworkers commuting the same route. In 2023, the personal segment is expected to have the highest market share (78%), followed by other end-user segments.
Start-up Scenario
Notable start-ups offering ride-haling services are likely to fortify their market footprints by introducing novel and unique product lines, and the aforementioned start-ups have left no stone unturned.
Some concrete examples of significant developments by start-ups are below :
- Shouqi Limousine was established in 2015. Shouqi Limousine and Chauffeur collaborated with Alibaba Cloud in April 2020, integrating development advantages to building an innovative industry ecosystem of 5G Internet of Vehicles.
- Grab Holdings Inc. was established in 2012. Hyundai Motor Group and Grab Holdings Inc. (Grab) announced a mobility services strategic alliance in June 2021. The first phase of the partnership will enhance the introduction of electric vehicles in Southeast Asia.
Competitive Landscape
The global market is identified by the presence of a significant number of international corporations. The majority of these companies rely heavily on alliances, partnerships, and mergers and acquisitions.
Some of the significant innovations by key players are mentioned below :
- Uber Technologies Inc. collaborated with EVgo in January 2021 to offer EV charging special offers to drivers in over 800 cities across the United States.
- Gett and Curb partnered up in April 2021 to boost post-pandemic business trips. The collaboration of the two companies will allow it to offer enterprise customers on its application limousine, local taxi, and ride-hailing services like Lyft.
- Didi Chuxing introduced Latin America's 1st shared electric vehicle (EV) fleet through its application in Mexico in January 2020, as the firm starts to spend on sustainable transportation innovations in the region.
Key Segments Covered in the Ride-Hailing Service Market Report
-
By Vehicle Type :
- Four Wheeler
- Others (Two Wheeler, Three Wheeler)
-
By End User :
- Personal
- Business
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
1. Executive Summary - Global Market 2. Market Overview 2.1. Market Definition and Introduction 2.2. Market Taxonomy/ Research Scope 3. Market Characteristic – Bird Eye View 3.1. Top 20 Companies 3.1.1. Globally 3.1.2. Regionally 3.2. Number of Active Enterprises by Key Countries 3.3. Number of People Employed 3.4. Average Operating Margin 3.5. Threshold of Revenue Volatility 3.6. Consistency in Demand 3.7. Key Barriers to Entry 3.8. Key Customer Archetype 4. Market Background and Foundation Data 4.1. Global Market Outlook Statistics (US$), 2018 – 2022 4.2. Impact of Covid-19 on Industry 4.3. Emerging Trends in Industry 4.3.1. Adoption of Autonomous Vehicle 4.3.2. Rise of Electric Vehicles 4.3.3. Entry of Original Equipment Manufacturers in Industry 4.3.4. Use of Block Chain Technology to ensure Safety of Passengers 4.4. Country-Wise Number of Vehicles Attached with Providers 4.5. Cost Per Mile Analysis Across Top Countries 4.6. Comparative Market Share Analysis of Mode of Transport by Key Countries 4.6.1. Personal Vehicle 4.6.2. Public Transport 4.6.3. Rental Vehicle 4.6.4. Ride-Hailing 4.7. Market Dynamics 4.7.1. Key Growth Drivers 4.7.2. Industry Challenges 4.7.3. Notable Current and Future Trends 4.8. Opportunity and White Space Assessment 4.8.1. Total Available Market (US$ Billion) 4.8.2. Serviceable Addressable Market (US$ Billion) 4.8.3. Serviceable Obtainable Market (US$ Billion) 4.9. Forecast and Macro-Economic Factors – Relevance and Impact 4.10. Key Success Factors and Winning Imperatives 5. Global Market Analysis and Forecast 5.1. Historical Market Value (US$ Billion) Analysis, 2018 - 2022 5.2. Current and Future Market Value (US$ Billion), 2023 - 2033 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Global Market Analysis and Forecast, By Vehicle Type 6.1. Introduction / Key Findings 6.2. Historical Market Size (US$ Billion) By Vehicle Type, 2018 - 2022 6.3. Current and Future Market Size (US$ Billion) Forecast By Vehicle Type, 2023 - 2033 6.3.1. Four Wheeler 6.3.2. Others 6.4. Market Attractiveness Analysis By Vehicle Type 7. Global Market Analysis and Forecast, By End-User 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ Billion) By End-User, 2018 - 2022 7.3. Current and Future Market Size (US$ Billion) Forecast By End-User, 2023 - 2033 7.3.1. Personal 7.3.2. Business 7.4. Market Attractiveness Analysis By End-User 8. Global Market Analysis and Forecast, By Region 8.1. Introduction 8.2. Historical Market Size (US$ Billion) By Region, 2018 - 2022 8.3. Current Market Size (US$ Billion) Analysis Forecast By Region, 2023 - 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia and Oceania 8.3.6. Middle East & Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis and Forecast 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Billion) Trend Analysis By Market Taxonomy, 2018 - 2022 9.3. Market Size (US$ Billion) Forecast By Market Taxonomy, 2023 - 2033 9.3.1. By Country 9.3.1.1. U.S. 9.3.1.2. Canada 9.3.2. By Vehicle Type 9.3.3. By End-User 9.4. Market Attractiveness Analysis 9.4.1. By Country 9.4.2. By Vehicle Type 9.4.3. By End-User 10. Latin America Market Analysis and Forecast 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Billion) Trend Analysis By Market Taxonomy, 2018 - 2022 10.3. Market Size (US$ Billion) Forecast By Market Taxonomy, 2023 - 2033 10.3.1. By Country 10.3.1.1. Brazil 10.3.1.2. Mexico 10.3.1.3. Argentina 10.3.1.4. Peru 10.3.1.5. Rest of Latin America 10.3.2. By Vehicle Type 10.3.3. By End-User 10.4. Market Attractiveness Analysis 10.4.1. By Country 10.4.2. By Vehicle Type 10.4.3. By End-User 11. Europe Market Analysis and Forecast 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Billion) Trend Analysis By Market Taxonomy, 2018 - 2022 11.3. Market Size (US$ Billion) Forecast By Market Taxonomy, 2023 - 2033 11.3.1. By Country 11.3.1.1. Germany 11.3.1.2. Italy 11.3.1.3. France 11.3.1.4. U.K. 11.3.1.5. Spain 11.3.1.6. BENELUX 11.3.1.7. NORDIC 11.3.1.8. Rest of Europe 11.3.2. By Vehicle Type 11.3.3. By End-User 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Vehicle Type 11.4.3. By End-User 12. East Asia Market Analysis and Forecast 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Billion) Trend Analysis By Market Taxonomy, 2018 - 2022 12.3. Market Size (US$ Billion) Forecast By Market Taxonomy, 2023 - 2033 12.3.1. By Country 12.3.1.1. China 12.3.1.2. Japan 12.3.1.3. South Korea 12.3.2. By Vehicle Type 12.3.3. By End-User 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Vehicle Type 12.4.3. By End-User 13. South Asia & Oceania Market Analysis and Forecast 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ Billion) Trend Analysis By Market Taxonomy, 2018 - 2022 13.3. Market Size (US$ Billion) Forecast By Market Taxonomy, 2023 - 2033 13.3.1. By Country 13.3.1.1. India 13.3.1.2. Thailand 13.3.1.3. Indonesia 13.3.1.4. Malaysia 13.3.1.5. Australia 13.3.1.6. Rest of South Asia & Oceania 13.3.2. By Vehicle Type 13.3.3. By End-User 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Vehicle Type 13.4.3. By End-User 14. Middle East & Africa Market Analysis and Forecast 14.1. Introduction / Key Findings 14.2. Historical Market Size (US$ Billion) Trend Analysis By Market Taxonomy, 2018 - 2022 14.3. Market Size (US$ Billion) Forecast By Market Taxonomy, 2023 - 2033 14.3.1. By Country 14.3.1.1. GCC Countries 14.3.1.2. Turkiye 14.3.1.3. North African Region 14.3.1.4. South Africa 14.3.1.5. Rest of Middle East and Africa 14.3.2. By Vehicle Type 14.3.3. By End-User 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Vehicle Type 14.4.3. By End-User 15. Country-level Market Analysis and Forecast 15.1. Introduction / Key Findings 15.1.1. Market Value Proportion Analysis, By Key Countries 15.1.2. Global Vs. Country Growth Comparison 15.2. Us Market Analysis 15.2.1. Value Proportion Analysis By Market Taxonomy 15.2.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.2.2.1. By Vehicle Type 15.2.2.2. By End-User 15.3. Canada Market Analysis 15.3.1. Value Proportion Analysis By Market Taxonomy 15.3.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.3.2.1. By Vehicle Type 15.3.2.2. By End-User 15.4. Brazil Market Analysis 15.4.1. Value Proportion Analysis By Market Taxonomy 15.4.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.4.2.1. By Vehicle Type 15.4.2.2. By End-User 15.5. Mexico Market Analysis 15.5.1. Value Proportion Analysis By Market Taxonomy 15.5.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.5.2.1. By Vehicle Type 15.5.2.2. By End-User 15.6. Argentina Market Analysis 15.6.1. Value Proportion Analysis By Market Taxonomy 15.6.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.6.2.1. By Vehicle Type 15.6.2.2. By End-User 15.7. Germany Market Analysis 15.7.1. Value Proportion Analysis By Market Taxonomy 15.7.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.7.2.1. By Vehicle Type 15.7.2.2. By End-User 15.8. France Market Analysis 15.8.1. Value Proportion Analysis By Market Taxonomy 15.8.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.8.2.1. By Vehicle Type 15.8.2.2. By End-User 15.9. Italy Market Analysis 15.9.1. Value Proportion Analysis By Market Taxonomy 15.9.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.9.2.1. By Vehicle Type 15.9.2.2. By End-User 15.10. Spain Market Analysis 15.10.1. Value Proportion Analysis By Market Taxonomy 15.10.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.10.2.1. By Vehicle Type 15.10.2.2. By End-User 15.11. Peru Market Analysis 15.11.1. Value Proportion Analysis By Market Taxonomy 15.11.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.11.2.1. By Vehicle Type 15.11.2.2. By End-User 15.12. NORDIC Market Analysis 15.12.1. Value Proportion Analysis By Market Taxonomy 15.12.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.12.2.1. By Vehicle Type 15.12.2.2. By End-User 15.13. BENELUX Market Analysis 15.13.1. Value Proportion Analysis By Market Taxonomy 15.13.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.13.2.1. By Vehicle Type 15.13.2.2. By End-User 15.14. U.K. Market Analysis 15.14.1. Value Proportion Analysis By Market Taxonomy 15.14.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.14.2.1. By Vehicle Type 15.14.2.2. By End-User 15.15. China Market Analysis 15.15.1. Value Proportion Analysis By Market Taxonomy 15.15.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.15.2.1. By Vehicle Type 15.15.2.2. By End-User 15.16. Japan Market Analysis 15.16.1. Value Proportion Analysis By Market Taxonomy 15.16.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.16.2.1. By Vehicle Type 15.16.2.2. By End-User 15.17. South Korea Market Analysis 15.17.1. Value Proportion Analysis By Market Taxonomy 15.17.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.17.2.1. By Vehicle Type 15.17.2.2. By End-User 15.18. India Market Analysis 15.18.1. Value Proportion Analysis By Market Taxonomy 15.18.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.18.2.1. By Vehicle Type 15.18.2.2. By End-User 15.19. ASEAN Countries Market Analysis 15.19.1. Value Proportion Analysis By Market Taxonomy 15.19.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.19.2.1. By Vehicle Type 15.19.2.2. By End-User 15.20. GCC Countries Market Analysis 15.20.1. Value Proportion Analysis By Market Taxonomy 15.20.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.20.2.1. By Vehicle Type 15.20.2.2. By End-User 15.21. Turkiye Market Analysis 15.21.1. Value Proportion Analysis By Market Taxonomy 15.21.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.21.2.1. By Vehicle Type 15.21.2.2. By End-User 15.22. South Africa Market Analysis 15.22.1. Value Proportion Analysis By Market Taxonomy 15.22.2. Value (US$ Billion) Analysis and Forecast By Market Taxonomy, 2018 - 2033 15.22.2.1. By Vehicle Type 15.22.2.2. By End-User 16. Market Structure Analysis 16.1. Market Analysis By Tier of Companies 16.2. Market Share Analysis of Top Players 17. Competition Analysis 17.1. Competition Dashboard 17.2. Competition Deep Dive / Company Profiles: Market 17.2.1. Arro 17.2.1.1. Overview 17.2.1.2. Service Portfolio 17.2.1.3. Key Financials 17.2.1.4. SWOT Analysis 17.2.1.5. Key Developments 17.2.1.6. Strategy Overview 17.2.2. BluSmart. 17.2.2.1. Overview 17.2.2.2. Service Portfolio 17.2.2.3. Key Financials 17.2.2.4. SWOT Analysis 17.2.2.5. Key Developments 17.2.2.6. Strategy Overview 17.2.3. Capital EV 17.2.3.1. Overview 17.2.3.2. Service Portfolio 17.2.3.3. Key Financials 17.2.3.4. SWOT Analysis 17.2.3.5. Key Developments 17.2.3.6. Strategy Overview 17.2.4. Curb 17.2.4.1. Overview 17.2.4.2. Service Portfolio 17.2.4.3. Key Financials 17.2.4.4. SWOT Analysis 17.2.4.5. Key Developments 17.2.4.6. Strategy Overview 17.2.5. Didi Chuxing Technology Co. 17.2.5.1. Overview 17.2.5.2. Service Portfolio 17.2.5.3. Key Financials 17.2.5.4. SWOT Analysis 17.2.5.5. Key Developments 17.2.5.6. Strategy Overview 17.2.6. EEETaxi. 17.2.6.1. Overview 17.2.6.2. Service Portfolio 17.2.6.3. Key Financials 17.2.6.4. SWOT Analysis 17.2.6.5. Key Developments 17.2.6.6. Strategy Overview 17.2.7. Gett 17.2.7.1. Overview 17.2.7.2. Service Portfolio 17.2.7.3. Key Financials 17.2.7.4. SWOT Analysis 17.2.7.5. Key Developments 17.2.7.6. Strategy Overview 17.2.8. GoGreen Cabs 17.2.8.1. Overview 17.2.8.2. Service Portfolio 17.2.8.3. Key Financials 17.2.8.4. SWOT Analysis 17.2.8.5. Key Developments 17.2.8.6. Strategy Overview 17.2.9. Gojek 17.2.9.1. Overview 17.2.9.2. Service Portfolio 17.2.9.3. Key Financials 17.2.9.4. SWOT Analysis 17.2.9.5. Key Developments 17.2.9.6. Strategy Overview 17.2.10. Hitch 17.2.10.1. Overview 17.2.10.2. Service Portfolio 17.2.10.3. Key Financials 17.2.10.4. SWOT Analysis 17.2.10.5. Key Developments 17.2.10.6. Strategy Overview 17.2.11. Indriver 17.2.11.1. Overview 17.2.11.2. Service Portfolio 17.2.11.3. Key Financials 17.2.11.4. SWOT Analysis 17.2.11.5. Key Developments 17.2.11.6. Strategy Overview 17.2.12. Lyft, Inc. 17.2.12.1. Overview 17.2.12.2. Service Portfolio 17.2.12.3. Key Financials 17.2.12.4. SWOT Analysis 17.2.12.5. Key Developments 17.2.12.6. Strategy Overview 17.2.13. Meru cabs 17.2.13.1. Overview 17.2.13.2. Service Portfolio 17.2.13.3. Key Financials 17.2.13.4. SWOT Analysis 17.2.13.5. Key Developments 17.2.13.6. Strategy Overview 17.2.14. Rapido bike taxi 17.2.14.1. Overview 17.2.14.2. Service Portfolio 17.2.14.3. Key Financials 17.2.14.4. SWOT Analysis 17.2.14.5. Key Developments 17.2.14.6. Strategy Overview 17.2.15. Uber 17.2.15.1. Overview 17.2.15.2. Service Portfolio 17.2.15.3. Key Financials 17.2.15.4. SWOT Analysis 17.2.15.5. Key Developments 17.2.15.6. Strategy Overview 17.2.16. Other Key Players 17.2.16.1. Overview 17.2.16.2. Service Portfolio 17.2.16.3. Key Financials 17.2.16.4. SWOT Analysis 17.2.16.5. Key Developments 17.2.16.6. Strategy Overview 18. Assumptions & Acronyms Used 19. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ Billion) and Forecast By Region, 2018 - 2022
Table 02. Global Market Value (US$ Billion) and Forecast By Region, 2023 - 2033
Table 03. Global Market Value (US$ Billion) and Forecast By Vehicle Type, 2018 - 2022
Table 04. Global Market Value (US$ Billion) and Forecast By Vehicle Type, 2023 - 2033
Table 05. Global Market Value (US$ Billion) and Forecast By End-User, 2018 - 2022
Table 06. Global Market Value (US$ Billion) and Forecast By End-User, 2023 - 2033
Table 07. North America Market Value (US$ Billion) and Forecast By Country, 2018 - 2022
Table 08. North America Market Value (US$ Billion) and Forecast By Country, 2023 - 2033
Table 09. North America Market Value (US$ Billion) and Forecast By Vehicle Type, 2018 - 2022
Table 10. North America Market Value (US$ Billion) and Forecast By Vehicle Type, 2023 - 2033
Table 11. North America Market Value (US$ Billion) and Forecast By End-User, 2018 - 2022
Table 12. North America Market Value (US$ Billion) and Forecast By End-User, 2023 - 2033
Table 13. Latin America Market Value (US$ Billion) and Forecast By Country, 2018 - 2022
Table 14. Latin America Market Value (US$ Billion) and Forecast By Country, 2023 - 2033
Table 15. Latin America Market Value (US$ Billion) and Forecast By Vehicle Type, 2018 - 2022
Table 16. Latin America Market Value (US$ Billion) and Forecast By Vehicle Type, 2023 - 2033
Table 17. Latin America Market Value (US$ Billion) and Forecast By End-User, 2018 - 2022
Table 18. Latin America Market Value (US$ Billion) and Forecast By End-User, 2023 - 2033
Table 19. Europe Market Value (US$ Billion) and Forecast By Country, 2018 - 2022
Table 20. Europe Market Value (US$ Billion) and Forecast By Country, 2023 - 2033
Table 21. Europe Market Value (US$ Billion) and Forecast By Vehicle Type, 2018 - 2022
Table 22. Europe Market Value (US$ Billion) and Forecast By Vehicle Type, 2023 - 2033
Table 23. Europe Market Value (US$ Billion) and Forecast By End-User, 2018 - 2022
Table 24. Europe Market Value (US$ Billion) and Forecast By End-User, 2023 - 2033
Table 25. East Asia Market Value (US$ Billion) and Forecast By Country, 2018 - 2022
Table 26. East Asia Market Value (US$ Billion) and Forecast By Country, 2023 - 2033
Table 27. East Asia Market Value (US$ Billion) and Forecast By Vehicle Type, 2018 - 2022
Table 28. East Asia Market Value (US$ Billion) and Forecast By Vehicle Type, 2023 - 2033
Table 29. East Asia Market Value (US$ Billion) and Forecast By End-User, 2018 - 2022
Table 30. East Asia Market Value (US$ Billion) and Forecast By End-User, 2023 - 2033
Table 31. South Asia & Oceania Market Value (US$ Billion) and Forecast By Country, 2018 - 2022
Table 32. South Asia & Oceania Market Value (US$ Billion) and Forecast By Country, 2023 - 2033
Table 33. South Asia & Oceania Market Value (US$ Billion) and Forecast By Vehicle Type, 2018 - 2022
Table 34. South Asia & Oceania Market Value (US$ Billion) and Forecast By Vehicle Type, 2023 - 2033
Table 35. South Asia & Oceania Market Value (US$ Billion) and Forecast By End-User, 2018 - 2022
Table 36. South Asia & Oceania Market Value (US$ Billion) and Forecast By End-User, 2023 - 2033
Table 37. Middle East & Africa Market Value (US$ Billion) and Forecast By Country, 2018 - 2022
Table 38. Middle East & Africa Market Value (US$ Billion) and Forecast By Country, 2023 - 2033
Table 39. Middle East & Africa Market Value (US$ Billion) and Forecast By Vehicle Type, 2018 - 2022
Table 40. Middle East & Africa Market Value (US$ Billion) and Forecast By Vehicle Type, 2023 - 2033
Table 41. Middle East & Africa Market Value (US$ Billion) and Forecast By End-User, 2018 - 2022
Table 42. Middle East & Africa Market Value (US$ Billion) and Forecast By End-User, 2023 - 2033
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List Of Figures
Figure 01. Global Market Value (US$ Billion) Forecast, 2023 - 2033
Figure 02. Global Market Absolute $ Opportunity (US$ Billion), 2023 - 2033h
Figure 03. Global Market Value (US$ Billion) By Region, 2023 - 2033
Figure 04. Global Market Y-o-Y Growth Rate By Region, 2023 - 2033
Figure 05. Global Market Value (US$ Billion) By Vehicle Type, 2023 - 2033
Figure 06. Global Market Y-o-Y Growth Rate By Vehicle Type, 2023 - 2033
Figure 07. Global Market Value (US$ Billion) By End-User, 2023 - 2033
Figure 08. Global Market Y-o-Y Growth Rate By End-User, 2023 - 2033
Figure 09. North America Market Value (US$ Billion) Forecast, 2023 - 2033
Figure 10. North America Market Absolute $ Opportunity (US$ Billion), 2023 - 2033
Figure 11. North America Market Value (US$ Billion) By Country, 2023 - 2033
Figure 12. North America Market Y-o-Y Growth Rate By Country, 2023 - 2033
Figure 13. North America Market Value (US$ Billion) By Vehicle Type, 2023 - 2033
Figure 14. North America Market Y-o-Y Growth Rate By Vehicle Type, 2023 - 2033
Figure 15. North America Market Value (US$ Billion) By End-User, 2023 - 2033
Figure 16. North America Market Y-o-Y Growth Rate By End-User, 2023 - 2033
Figure 17. North America Market Attractiveness Analysis By Country, 2023 - 2033
Figure 18. North America Market Attractiveness Analysis By Vehicle Type, 2023 - 2033
Figure 19. North America Market Attractiveness Analysis By End-User, 2023 - 2033
Figure 20. Latin America Market Value (US$ Billion) Forecast, 2023 - 2033
Figure 21. Latin America Market Absolute $ Opportunity (US$ Billion), 2023 - 2033
Figure 22. Latin America Market Value (US$ Billion) By Country, 2023 - 2033
Figure 23. Latin America Market Y-o-Y Growth Rate By Country, 2023 - 2033
Figure 24. Latin America Market Value (US$ Billion) By Vehicle Type, 2023 - 2033
Figure 25. Latin America Market Y-o-Y Growth Rate By Vehicle Type, 2023 - 2033
Figure 26. Latin America Market Value (US$ Billion) By End-User, 2023 - 2033
Figure 27. Latin America Market Y-o-Y Growth Rate By End-User, 2023 - 2033
Figure 28. Latin America Market Attractiveness Analysis By Country, 2023 - 2033
Figure 29. Latin America Market Attractiveness Analysis By Vehicle Type, 2023 - 2033
Figure 30. Latin America Market Attractiveness Analysis By End-User, 2023 - 2033
Figure 31. Europe Market Value (US$ Billion) Forecast, 2023 - 2033
Figure 32. Europe Market Absolute $ Opportunity (US$ Billion), 2023 - 2033
Figure 33. Europe Market Value (US$ Billion) By Country, 2023 - 2033
Figure 34. Europe Market Y-o-Y Growth Rate By Country, 2023 - 2033
Figure 35. Europe Market Value (US$ Billion) By Vehicle Type, 2023 - 2033
Figure 36. Europe Market Y-o-Y Growth Rate By Vehicle Type, 2023 - 2033
Figure 37. Europe Market Value (US$ Billion) By End-User, 2023 - 2033
Figure 38. Europe Market Y-o-Y Growth Rate By End-User, 2023 - 2033
Figure 39. Europe Market Attractiveness Analysis By Country, 2023 - 2033
Figure 40. Europe Market Attractiveness Analysis By Vehicle Type, 2023 - 2033
Figure 41. Europe Market Attractiveness Analysis By End-User, 2023 - 2033
Figure 42. East Asia Market Value (US$ Billion) Forecast, 2023 - 2033
Figure 43. East Asia Market Absolute $ Opportunity (US$ Billion), 2023 - 2033
Figure 44. East Asia Market Value (US$ Billion) By Country, 2023 - 2033
Figure 45. East Asia Market Y-o-Y Growth Rate By Country, 2023 - 2033
Figure 46. East Asia Market Value (US$ Billion) By Vehicle Type, 2023 - 2033
Figure 47. East Asia Market Y-o-Y Growth Rate By Vehicle Type, 2023 - 2033
Figure 48. East Asia Market Value (US$ Billion) By End-User, 2023 - 2033
Figure 49. East Asia Market Y-o-Y Growth Rate By End-User, 2023 - 2033
Figure 50. East Asia Market Attractiveness Analysis By Country, 2023 - 2033
Figure 51. East Asia Market Attractiveness Analysis By Vehicle Type, 2023 - 2033
Figure 52. East Asia Market Attractiveness Analysis By End-User, 2023 - 2033
Figure 53. South Asia & Oceania Market Value (US$ Billion) Forecast, 2023 - 2033
Figure 54. South Asia & Oceania Market Absolute $ Opportunity (US$ Billion), 2023 - 2033
Figure 55. South Asia & Oceania Market Value (US$ Billion) By Country, 2023 - 2033
Figure 56. South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023 - 2033
Figure 57. South Asia & Oceania Market Value (US$ Billion) By Vehicle Type, 2023 - 2033
Figure 58. South Asia & Oceania Market Y-o-Y Growth Rate By Vehicle Type, 2023 - 2033
Figure 59. South Asia & Oceania Market Value (US$ Billion) By End-User, 2023 - 2033
Figure 60. South Asia & Oceania Market Y-o-Y Growth Rate By End-User, 2023 - 2033
Figure 61. South Asia & Oceania Market Attractiveness Analysis By Country, 2023 - 2033
Figure 62. South Asia & Oceania Market Attractiveness Analysis By Vehicle Type, 2023 - 2033
Figure 63. South Asia & Oceania Market Attractiveness Analysis By End-User, 2023 - 2033
Figure 64. Middle East & Africa Market Value (US$ Billion) Forecast, 2023 - 2033
Figure 65. Middle East & Africa Market Absolute $ Opportunity (US$ Billion), 2023 - 2033
Figure 66. Middle East & Africa Market Value (US$ Billion) By Country, 2023 - 2033
Figure 67. Middle East & Africa Market Y-o-Y Growth Rate By Country, 2023 - 2033
Figure 68. Middle East & Africa Market Value (US$ Billion) By Vehicle Type, 2023 - 2033
Figure 69. Middle East & Africa Market Y-o-Y Growth Rate By Vehicle Type, 2023 - 2033
Figure 70. Middle East & Africa Market Value (US$ Billion) By End-User, 2023 - 2033
Figure 71. Middle East & Africa Market Y-o-Y Growth Rate By End-User, 2023 - 2033
Figure 72. Middle East & Africa Market Attractiveness Analysis By Country, 2023 - 2033
Figure 73. Middle East & Africa Market Attractiveness Analysis By Vehicle Type, 2023 - 2033
Figure 74. Middle East & Africa Market Attractiveness Analysis By End-User, 2023 - 2033
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- FAQs -
What is the present market value of the Ride-Hailing Service market?
The global Ride-Hailing Service market is currently worth more than US$ 109.3 Billion.
What will be the growth rate of the global Ride-Hailing Service market during the forecast period?
The global Ride-Hailing Service market is expected to grow with a 12.7% CAGR during 2023-2033.
What will be the projected market size of the Ride-Hailing Service market by 2033?
By 2033, the global Ride-Hailing Service market is projected to reach a market size of US$ 361.3 Billion.
Which segment is expected to dominate the global Ride-Hailing Service market during 2023?
The four-wheeler segment is expected to have an 83% market share in 2023.
What will be the outlook of the end user segment during the forecast period?
The personal four wheeler segment is predicted to account for a robust share of 78% in 2023.
How is the North American Ride-Hailing Service market projected to grow during 2023-2033?
The North American region is predicted to acquire a 28% global market share by 2023.
What is the outlook of the East Asia Ride-Hailing Service market during 2023?
The East Asia region is forecast to have a CAGR of 13.3% over the forecast period of 2023- 2033.
At what rate did the Ride-Hailing Service market flourish from 2018-2022?
From 2018-2022, the Ride-Hailing Service market grew at a CAGR of 7.1%.
Ride-Hailing Service Market