"Market Intelligence for High-Geared Performance"

Ride-Hailing Market Size, Share & Industry Analysis, By Service Type (E-hailing, Car Sharing, Car Rental, Others), By Vehicle Type (Two Wheeler, Car, Others), By Payment Method (Cash, Online), By Location Type (Urban, Rural), By End-User (Personal, Commercial) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102516 | Status : Ongoing

 

KEY MARKET INSIGHTS

Rising development in smartphones and information technology has brought a considerable change in the travel industry and transportation. Ride-hailing services require three parties for their operation; those are driver, passenger, and service providers. It uses an online platform and apps to book the ride, and this helps to connect passengers and drivers. Both desktop PC and mobile devices can make a booking. Ride-Hailing provides a comfortable and safe trip to the passenger by giving them an option to send details of their trip to their friends and relatives so that they can keep a live track of the journey. It also provides door to door service by replacing conventional taxi services.


Key Market Driver -

Increasing need of safe journey is expected to drive the market.

Key Market Restraint -

Low rate of internet penetration in developing regions is expected to hamper the growth of the market.


The primary factor driving the market is on-demand transport services, which consist of taxies and passenger vehicles, which provide complete real-time feedback of the driver and their vehicles. It also comes up with advanced features like accurate location tracking and panic/SOS buttons, which makes ride safe for the passengers. Increasing government initiatives in digitalization have brought an enormous change in the transportation industry. The ride-hailing market gives various options to passengers to pay as per their convenience that is either cash or online payments. These service providers accept payments by digital wallets, net banking, and various other e-payment methods.

Key Players Covered in the Automotive Axle Market:


Some of the major companies that are present in the ride-hailing market are Lyft, Ola, Uber, Careem Taxify, BlaBlaCar, DiDi, Gett, Grab, Lime, Herts, Juno, Kabbee, among the other players.

The global ride-hailing market has been segmented into service type, location type, payment method, vehicle type, end-user, and region. By service type global ride-hailing market is segmented into E-hailing, Car Sharing, Car Rental, and others. The car-sharing segment is expected to dominate the segment owing to the rising adoption of car-sharing by the consumers. The increasing popularity of carpooling in urban areas has attracted regular office that is, in turn, driving the market. Another factor that is driving the car-sharing segment is the growing inclination towards hiring cabs. Increasing demand for luxury cars at an affordable price is expected to propel the ride-hailing market. This is majorly popular in youth between 18-26 yrs of age. That helps them to avoid ownership and buying a luxury car, prevents maintenance and road tax. This, in turn, has helped to reduce emissions by increasing the use of public transport. By payment method, the online payment segment is expected to dominate the ride-hailing market. For example, initiatives like Digital India is encouraging consumers to make use of online payment methods, which is proving to be a safe and reliable mode of payment method.

Regional Analysis:


To gain extensive insights into the market, Request for Customization


Geographically, the ride-hailing market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is expected to dominate the ride-hailing market owing to the increasing number of travel network companies in e-hailing services and vehicle rental services in cities like Seattle, New York, San Francisco, Utah, Burlington, Dallas, and Boulder among others is prompting the growth of the market. Asia Pacific is expected to grow at the fastest pace owing to the rapidly increasing population in cities like Delhi, Mumbai, Pune, Tokyo is driving the need for e-hailing service. Rising support from the government from this region and growing popularity regarding safe and comfortable travel in countries like India, China, Japan is expected to propel the growth of the market. Europe is also expected to steady growth in this market over the forecast period.

Segmentation


































 ATTRIBUTE

 DETAILS

By Service Type



  • E-hailing

  • Car Sharing

  • Car Rental

  • Others



By Vehicle Type



  • Two Wheeler

  • Car

  • Others



By Payment Method



  • Cash

  • Online



By Location Type



  • Urban

  • Rural



By End-User



  • Personal

  • Commercial



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients

Bosch
Hitachi
Hyundai
Asahi
Toshiba

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X