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Ridesharing Market Worth Around 148.7 Billion USD by 2024 with Whopping CAGR 16.4% In International Market

Press release   •   Apr 25, 2019 06:54 EDT

Global Ridesharing Market is expected to witness a whopping CAGR of 16.4% to reach 148.7 billion by 2024.

Increasing vehicular emission leading to move towards a green economy, and demand for reduction of on-road traffic is likely to give impetus to the market growth over the forecast period. Furthermore, integration of smart phone technology with ridesharing services is also expected to fuel the market growth during 2018 to 2024.

The years used for the assessment are as follows;

Historical year : 2014, 2015, and 2016
Base year : 2017
Forecast period : 2018 – 2024

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RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year Impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total ridesharing market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the ridesharing market
Finalizing the overall size and share for the global ridesharing market

OBJECTIVES:

To classify the global ridesharing market into segments by type, expanse, target demographic, ownership, business model, and region and analyze their growth prospects individually.
To analyze market trends, opportunities, drivers and restraints associated with the ridesharing market.
Profiling key companies operating in the global ridesharing market.
To study market response with respect to the mergers and acquisitions in the industry.

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MARKET SCOPE

The research scope for global ridesharing market is as follows:

By Type

Commuting Ride Sharing
Dynamic Ride Sharing
Fixed Long Distance Ride Sharing

By Expanse

Intra-city
Inter-city

By Target Demographic

Commuters
Families
Others

By Ownership

Privately Owned
Company Owned
Business Owned

By Business Model

Peer-to-Peer (P2P)
Business-to-Business (B2B)
Business-to-Consumer (B2C)

By Region

North America
Europe
Asia-Pacific (APAC)
Middle East and Africa (MEA)
Central and South America

FREE ANALYSIS

Increasing vehicular emission leading to move towards a green economy, and demand for reduction of on-road traffic is likely to give impetus to the market growth over the forecast period. Furthermore, integration of smart phone technology with ridesharing services is also expected to fuel the market growth during 2018 to 2024.

Connecting passengers with drivers through an app or a website is called ridesharing. The companies providing these services are called transport network companies (TNC). These companies choose a business model based on the targeted demographic of the urban area. Due to traffic congestion problems across the globe there is an increased focus on restructuring the existing transportation network. Moreover, increasing vehicular pollution and climate change have led to stringent government policy framework supporting these innovative services offered by TNCs.

Geographically, Asia-Pacific (APAC) is likely to witness the fastest CAGR during 2018-2024. This can be attributed to the huge population in the region. The commuting demographic of this region is likely to be the fastest growing segment in China and India. Moreover, increasing focus on restructuring the urban transport network in the region and major transport network companies (TNC) investing in the APAC market are likely to give impetus to the market growth over the forecast period. China’s dynamic ride sharing segment holds the second largest share of the market, and is expected to experience a significant CAGR over the forecast period owing to increasing awareness of the people about ridesharing. Europe and North America are expected to experience significant growth during 2018-2024, owing to strict government regulations limiting vehicular emissions.

Some of the key players operating in the market include Uber Technologies Inc.; Lyft Inc.; Mytaxi; Grab; Didi Chuxing Technology Co., Ltd.; Carma Technology Corporation; Gett; BlaBlaCar; ANI Technologies Pvt. Ltd.; and Yandex.Taxi, among others.

Major Points Of Table of Contents

Global Ridesharing Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

CHAPTER 1. Market Scope and Methodology

CHAPTER 2. Market Outlook

CHAPTER 3. Market Entry Strategy

CHAPTER 4. Global Ridesharing Market Size and Forecast (2018 – 2024)

CHAPTER 5. Global Ridesharing Market, By Region

CHAPTER 6. Key Players and Strategic Developments

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