Global On-Demand Ride Service Market Insights, Forecast to 2028

Market Analysis and Insights: Global On-Demand Ride Service Market
ON-DEMAND ride services (also called ridesourcing or ride-hailing services) like Uber, Lyft, and Sidecar are creating new business models and reshaping transportation markets by allowing private individuals to sell rides to eager customers.

The global On-Demand Ride Service market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.

Fully considering the economic change by this health crisis, Carpooling accounting for % of the On-Demand Ride Service global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Under 25 Years Old segment is altered to an % CAGR throughout this forecast period.

China On-Demand Ride Service market size is valued at US$ million in 2021, while the North America and Europe On-Demand Ride Service are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe On-Demand Ride Service landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global On-Demand Ride Service market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global On-Demand Ride Service market in terms of revenue.

Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global On-Demand Ride Service market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global On-Demand Ride Service market.

Impact of Covid-19 Outbreak

This section of the report has explored the overall status of the Covid scenario and has offered valuable insights into the changes in supply chain disruption, fluctuations in demand, etc. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.

Segmental Analysis

The report has been segmented into product and application segments. The researchers have documented all the products present today in the On-Demand Ride Service market. They have also shed light on the new product innovations and launches by the key players. In the segmental analysis, the analysts have provided revenue forecast figures based on type and application for the period 2017-2028. They have also discussed about the growth rate and potential of each segment for the period 2017-2028.

On-Demand Ride Service Breakdown Data by Type

Carpooling

Carsharing

e-Taxi

On-Demand Ride Service Breakdown Data by Application

Under 25 Years Old

25-34 Years Old

35-44 Years Old

Above 44 Years Old

By Region

North America

United States

Canada

Europe

Germany

France

UK

Italy

Russia

Nordic Countries

Rest of Europe

Asia-Pacific

China

Japan

South Korea

Southeast Asia

India

Australia

Rest of Asia

Latin America

Mexico

Brazil

Rest of Latin America

Middle East & Africa

Turkey

Saudi Arabia

UAE

Rest of MEA

Competitive Landscape

This segment focuses on the key players operating in the industry. It underlines all the current and future activities by the prominent manufacturers. By understanding various initiatives being taken up by different players, readers will gain the ability to settle on correct business choices. The authors of the report have provided accurate revenue figures of the companies for the period 2017-2022. The clients are sure to gain the upper hand once they get hold of this report. Key players studied in the research report include:

Uber

Lyft

Via

Juno

Didi Chuxing

Ola by ANI Technologies

Gojek

Gett

Grab

Bolt (formerly Taxify)

Curb

Frequently Asked Questions

What factors will challenge the On-Demand Ride Service market growth?

Which end-use segment will expand at the fastest CAGR in the On-Demand Ride Service market?

Which are the emerging players in the On-Demand Ride Service market?

How concentrated is the On-Demand Ride Service market?

Which factors are positively contributing to the On-Demand Ride Service market growth?

Which are the novel product innovations in the On-Demand Ride Service market?

Which product segment will emerge as the most lucrative in the On-Demand Ride Service market?

Which factors are increasing the competition in the On-Demand Ride Service market?

Which are the strategic measures taken by the On-Demand Ride Service industry players?

Which region will witness inactive growth during the forecast period?

What key trends are likely to emerge in the On-Demand Ride Service market in the coming years?