Global Ride sharing Market 2019 to 2025
発行: Orion Market Research Pvt Ltd
Global Ridesharing Market Size, Share & Trends Analysis Report by Vehicle Type (Sedan & Hatchback, Utility Vehicle, and Buses & Coaches) and Forecast, 2019 - 2025
The ridesharing concept includes carpool services which facilitates rental transportation to the customers while sharing the cab. Ride-Sharing is gaining popularity globally, and the consumers are happily paying for the convenience, and a lesser amount as compared to flag down taxis. It is important for the ridesharing platform to identify the factors that attract commuters as well as the factors that make them lose their interest. With a number of opportunities available, there are many challenges that come across in this field. One of the challenges faced by the players in the market includes receiving permission for operating in several countries. Governments have established rules and regulations regarding local transportation network companies that may serve as a challenge for any market player. For instance, GO-JEK faced rejection by the government agencies of the Philippines as the ridesharing service application offered by it did not comply with the required local ownership standards.
The market is segmented on the basis of vehicle type, and geography. On the basis of vehicle type, the global ridesharing market is further segmented into sedan & hatchback, utility vehicle, and buses & coaches. On the basis of geography, the global ridesharing market report covers the analysis of North America, Europe, Asia-Pacific, and rest of the world. Among these regions, North America is expected to contribute a substantial market share. The major factor attributed to the considerable share includes the high popularity of shared cab services in the US and Canada. Further, the presence of major market players in the region such as Uber Technologies Inc. and Lyft Inc. further gives a boost to the regional growth of the market.
The market is fragmented in nature with the presence of several players operating in the market. Some of the players dominantly present in the market include Uber Technologies Inc., Lyft Inc., DiDi Chuxing Technology Co., Ltd., Gett Inc., Comuta SA (BlaBlaCar), ANI Technologies Pvt. Ltd. (Ola), Lime, and Grab Holdings Inc., among others. These players adopt merger and acquisition and geographical expansion as their major growth strategies. For instance, in 2019, BlaBlaBus bus low-cost carrier has planned plans to enter the Ukrainian market. Further, BlaBlaBus launched its first bus route in Germany in June 2019.
The market study of the global ridesharing market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for cab service providers, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.