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The ridesharing market in France is estimated to grow at a CAGR of 12.82% between 2022 and 2027. The size of the market is forecast to increase by USD 2,473.33 million. The growth of the market depends on serval factors, including the increase in vehicle ownership cost, reduce travel costs, and the reduction of traffic congestion.
This report extensively covers market segmentation by service type (E-hailing and station-based), vehicle type (car and others), and connectivity (short distance and long distance). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the ridesharing market in France as a part of the global trucking market within the global transportation market. The parent global trucking market covers companies engaged in goods and passenger land transportation, including vehicle rental and taxi companies. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The increase in vehicle ownership cost is notably driving the market growth, although factors such as the varying transport policies of different countries and resistance from traditional transport services may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Ridesharing Market Driver In France
Rising vehicle ownership costs are the main factors driving the growth of the French ride-sharing market. Owning a car involves many factors such as fuel, registration, taxes, finances, maintenance, and annual depreciation. Vehicle running costs are increasing year by year. Car ownership rates among 18-35-year-olds are declining year by year, as millennials have little interest in owning a car due to traffic jams and rising gas and service charges.
Other reasons for the decline in car ownership are rising cab services across tier II and tier III cities and increasing Internet penetration in developing economies. Hence, ridesharing service providers in France can capitalize on these demographics, as the new tech-savvy generation constitutes one of the largest user bases of these services. Hence, such factors are expected to drive the growth of the ridesharing market in France during the forecast period.
Significant Ridesharing Market Trend In France
The emergence of autonomous ridesharing is the main trend driving the growth of the French ridesharing market. Taxi service providers make extensive use of vehicles as their primary means of transportation. This allows automakers to generate large amounts of data on various driving patterns, traffic patterns, road conditions, and other parameters. Self-driving cars need to run multiple simulations of real-life scenarios to test their integrity and safety.
Autonomous vehicles launched as cabs and parcel delivery services provide the foundation for learning by putting the vehicle through different types of driving conditions. Hence, major autonomous vehicle makers have been focusing on developing autonomous cars for cab and delivery services since 2017. Thus, the growing deployment of autonomous technology in cab services is expected to be a crucial driver for the ridesharing market in France during the forecast period.
Major Ridesharing Market Challenge In France
Differences in national transport policies and resistance to traditional transport services pose major challenges to the growth of the French ridesharing market. In many countries, the operation of app-based mobility services is not regulated by law. Therefore, their operation is not defined and regulated by the government. Rideshare services are required to obtain a separate license and registration. This makes it difficult for app-based ride-sharing service providers to operate, as many app-based companies do not own their own vehicles.
Furthermore, regulators have proposed or adopted requirements regarding the collection, use, transfer, security, storage, and other processing of personally identifiable information and other data relating to individuals, and these laws are increasing in numbers, enforcement, fines, and other penalties. Thus, stringent vehicle registration and license regulations make it difficult for an app-based taxi fleet that provides ridesharing services. Hence, such factors are expected to negatively impact the growth of the ridesharing market in France during the forecast period.
Key Ridesharing Market In France Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Ridesharing Market in France Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
blacklane.com - The company offers ridesharing services for professional office workers which can be pre-booked through a cab app.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the e-hailing segment will be significant during the forecast period. The adoption of E-hailing is rising due to the growing proliferation of cell phones and internet access. For instance, according to DataReportal, the number of mobile subscriptions connected to smartphones increased by 3.87% in 2021 compared to 2019 and is expected to reach 84.75 million by 2024. Such factors will increase the market growth during the forecast period.
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The e-hailing segment was valued at USD 1,787.10 million in 2017 and continue to grow by 2021. Furthermore, the increased internet penetration across the country is fueling the expansion of the e-hailing business. According to Internet World Stats, the internet penetration rate in key areas such as Paris, Alsace, Brittany, Centre Val de Loire, and other states in 2021. Furthermore, worsening traffic congestion and rising fuel prices are driving up demand for e-hailing services. Hence, such factors are driving the growth of the E-hailing segment in the ridesharing market in France during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Service Type (E-hailing and Station-based), Vehicle Type (Car and Others), and Connectivity (Short distance and Long distance).
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Ridesharing Market Scope In France |
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Report Coverage |
Details |
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Page number |
122 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.82% |
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Market growth 2023-2027 |
USD 2,473.33 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
11.6 |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Avis Budget Group Inc, Blacklane GmbH, Bolt Technology OU, Caocao Mobility Paris, Citygo, Comuto SA, France Taxi SAS, Groupe Rousselet, IOWA RIDESHARE, IT TRAVEL LP, Karos, La Roue Verte SAS, Lyft Inc, MyEcoCar, On Demand iCARS Inc, Public In Motion GmbH, Uber Technologies Inc, WHC Worldwide LLC, CarpoolWorld inc., and Klaxit SAS |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service Type
7 Market Segmentation by Vehicle Type
8 Market Segmentation by Connectivity
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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