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Report Summary
The global ridesharing market is expected to witness a 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
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.
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
Ridesharing Market: Restructuring urban transportation network
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.
Table of Contents
TABLE OF CONTENTS
CHAPTER 1. Market Scope and Methodology
1.1. Market Definition
1.2. Market Segmentation
1.2.1. Market Breakdown, By Type
1.2.2. Market Breakdown, By Expanse
1.2.3. Market Breakdown, By Target Demographic
1.2.4. Market Breakdown, By Ownership
1.2.5. Market Breakdown, By Business Model
1.2.6. Market Breakdown, By Region
1.3. Research Methodology
1.3.1. Initial Data Search
1.3.2. Secondary Research
1.3.3. Primary Research
1.3.4. Scope and Assumptions
1.4. Executive Summary
CHAPTER 2. Market Outlook
2.1. Introduction
2.2. Market Outlook
2.2.1. Market Share
2.2.2. Opportunities and Trends
2.2.2.1. Huge potential market for major companies in APAC region
2.2.2.2. Increasing market share of domestic companies
2.2.2.3. Major companies moving towards virtual wallet payment
2.2.3. Growth Drivers
2.2.3.1. Increasing vehicular emissions leading to move towards a green economy
2.2.3.2. Demand for reduction of on-road traffic and public transport congestion
2.2.3.3. Integration of smart phone technology with ridesharing services
2.2.4. Impact Analysis of Drivers on Future Forecast of the Market
2.2.5. Restraints of the Market
2.2.5.1. Unregulated by governments in emerging economies
2.2.6. Impact Analysis of Restraints on Future Forecast of the Market
CHAPTER 3. Market Entry Strategy
3.1. PESTLE Analysis
3.2. Value Chain Analysis
3.3. Competitive Analysis
3.3.1. Company Market Share Analysis
3.3.2. Porter’s Five Forces Analysis
CHAPTER 4. Global Ridesharing Market Size and Forecast (2018 – 2024)
4.1. Global Ridesharing Market, By Type
4.1.1. Commuting Ride Sharing
4.1.2. Dynamic Ride Sharing
4.1.3. Fixed Long Distance Ride Sharing
4.2. Global Ridesharing Market, By Expanse
4.2.1. Intra-City
4.2.2. Inter-City
4.3. Global Ridesharing Market, By Target Demographic
4.3.1. Commuters
4.3.2. Families
4.3.3. Others
4.4. Global Ridesharing Market, By Ownership
4.4.1. Privately Owned
4.4.2. Company Owned
4.4.3. Business Owned
4.5. Global Ridesharing Market, By Business Model
4.5.1. Peer-to-Peer (P2P)
4.5.2. Business-to-Business (B2B)
4.5.3. Business-to-Consumer (B2C)
CHAPTER 5. Global Ridesharing Market, By Region
5.1. North America Ridesharing Market (USD Million)
5.1.1. North America Ridesharing Market, By Type (USD Million)
5.1.2. North America Ridesharing Market, By Expanse (USD Million)
5.1.3. North America Ridesharing Market, By Target Demographic (USD Million)
5.1.4. North America Ridesharing Market, By Ownership (USD Million)
5.1.5. North America Ridesharing Market, By Business Model (USD Million)
5.1.6. North America Ridesharing Market, By Country
5.1.6.1. U.S. Ridesharing Market (USD Million)
5.1.6.2. Rest of North America Ridesharing Market (USD Million)
5.2. Europe Ridesharing Market (USD Million)
5.2.1. Europe Ridesharing Market, By Type (USD Million)
5.2.2. Europe Ridesharing Market, By Expanse (USD Million)
5.2.3. Europe Ridesharing Market, By Target Demographic (USD Million)
5.2.4. Europe Ridesharing Market, By Ownership (USD Million)
5.2.5. Europe Ridesharing Market, By Business Model (USD Million)
5.2.6. Europe Ridesharing Market, By Country
5.2.6.1. U.K Ridesharing Market (USD Million)
5.2.6.2. Germany Ridesharing Market (USD Million)
5.2.6.3. Russia Ridesharing Market (USD Million)
5.2.6.4. France Ridesharing Market (USD Million)
5.2.6.5. Rest of Europe Ridesharing Market (USD Million)
5.3. Asia-Pacific Ridesharing Market (USD Million)
5.3.1. Asia-Pacific Ridesharing Market, By Type (USD Million)
5.3.2. Asia-Pacific Ridesharing Market, By Expanse (USD Million)
5.3.3. Asia-Pacific Ridesharing Market, By Target Demographic (USD Million)
5.3.4. Asia-Pacific Ridesharing Market, By Ownership (USD Million)
5.3.5. Asia-Pacific Ridesharing Market, By Business Model (USD Million)
5.3.6. Asia-Pacific Ridesharing Market, By Country
5.3.6.1. China Ridesharing Market (USD Million)
5.3.6.2. Japan Ridesharing Market (USD Million)
5.3.6.3. India Ridesharing Market (USD Million)
5.3.6.4. Australia Ridesharing Market (USD Million)
5.3.6.5. Rest of Asia-Pacific Ridesharing Market (USD Million)
5.4. Rest of the World (ROW) Ridesharing Market (USD Million)
5.4.1. Rest of the World (ROW) Ridesharing Market, By Type (USD Million)
5.4.2. Rest of the World (ROW) Ridesharing Market, By Expanse (USD Million)
5.4.3. Rest of the World (ROW) Ridesharing Market, By Target Demographic (USD Million)
5.4.4. Rest of the World (ROW) Ridesharing Market, By Ownership (USD Million)
5.4.5. Rest of the World (ROW) Ridesharing Market, By Business Model (USD Million)
5.4.6. Rest of the World (ROW) Ridesharing Market, By Country
5.4.6.1. South Africa Ridesharing Market (USD Million)
5.4.6.2. U.A.E. Ridesharing Market (USD Million)
5.4.6.3. Saudi Arabia Ridesharing Market (USD Million)
5.4.6.4. Rest of ROW Ridesharing Market (USD Million)
CHAPTER 6. Key Players and Strategic Developments
6.1. Uber Technologies Inc.
6.1.1. Business Overview
6.1.2. Product and Service Offering
6.1.3. Financial Overview
6.1.4. Strategic Developments
6.2. Lyft Inc.
6.2.1. Business Overview
6.2.2. Product and Service Offering
6.2.3. Financial Overview
6.2.4. Strategic Developments
6.3. Mytaxi
6.3.1. Business Overview
6.3.2. Product and Service Offering
6.3.3. Financial Overview
6.3.4. Strategic Developments
6.4. Grab
6.4.1. Business Overview
6.4.2. Product and Service Offering
6.4.3. Financial Overview
6.4.4. Strategic Developments
6.5. Didi Chuxing Technology Co., Ltd.
6.5.1. Business Overview
6.5.2. Product and Service Offering
6.5.3. Financial Overview
6.5.4. Strategic Developments
6.6. Carma Technology Corporation
6.6.1. Business Overview
6.6.2. Product and Service Offering
6.6.3. Financial Overview
6.6.4. Strategic Developments
6.7. Gett
6.7.1. Business Overview
6.7.2. Product and Service Offering
6.7.3. Financial Overview
6.7.4. Strategic Developments
6.8. BlaBlaCar
6.8.1. Business Overview
6.8.2. Product and Service Offering
6.8.3. Financial Overview
6.8.4. Strategic Developments
6.9. ANI Technologies Pvt. Ltd.
6.9.1. Business Overview
6.9.2. Product and Service Offering
6.9.3. Financial Overview
6.9.4. Strategic Developments
6.10. Yandex.Taxi
6.10.1. Business Overview
6.10.2. Product and Service Offering
6.10.3. Financial Overview
6.10.4. Strategic Developments
Enquiry Before Buying
Global Ridesharing Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024
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