Ride Sharing Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71101
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The ride sharing market has the potential to grow by USD 45.59 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 17.88%.

This ride sharing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (individual and business) and geography (APAC, Europe, North America, South America, and MEA). The ride sharing market report also offers information on several market vendors, including ANI Technologies Private Ltd., Beijing Xiaoju Technology Co. Ltd., Comuto SA, Curb Mobility LLC, DENSO Corp., GT Gettaxi (UK) Ltd., Grab Holdings Inc., Lyft Inc., TomTom International BV, and Uber Technologies Inc. among others.

What will the Ride Sharing Market Size be in 2021?

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Ride Sharing Market: Key Drivers and Trends

The increase in cost of vehicle ownership is notably driving the ride sharing market growth, although factors such as increase in fares per rides by governments may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ride sharing industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This ride sharing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Ride Sharing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ANI Technologies Private Ltd.
  • Beijing Xiaoju Technology Co. Ltd.
  • Comuto SA
  • Curb Mobility LLC
  • DENSO Corp.
  • GT Gettaxi (UK) Ltd.
  • Grab Holdings Inc.
  • Lyft Inc.
  • TomTom International BV
  • Uber Technologies Inc.

 

The vendor landscape of the ride sharing market entails successful business strategies deployed by the vendors. The ride sharing market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the ride sharing market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Ride Sharing Market?

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48% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for ride sharing market in APAC. 

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Reduced travel costs will facilitate the ride sharing market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating End-user Segments in the Ride Sharing Market?

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The ride sharing market share growth by the individual segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the ride sharing market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Ride Sharing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 17.88%

Market growth 2021-2025

$ 45.59 billion

Market structure

Fragmented

YoY growth (%)

23.04

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 48%

Key consumer countries

China, US, Germany, UK, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

ANI Technologies Private Ltd., Beijing Xiaoju Technology Co. Ltd., Comuto SA, Curb Mobility LLC, DENSO Corp., GT Gettaxi (UK) Ltd., Grab Holdings Inc., Lyft Inc., TomTom International BV, and Uber Technologies Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Ride Sharing Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive ride sharing market growth during the next five years
  • Precise estimation of the ride sharing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the ride sharing market across APAC, Europe, North America, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of ride sharing market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Individual - Market size and forecast 2020-2025
  • Business - Market size and forecast 2020-2025
  • Market opportunity by End-user

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ANI Technologies Private Ltd.
  • Beijing Xiaoju Technology Co. Ltd.
  • Comuto SA
  • Curb Mobility LLC
  • DENSO Corp.
  • GT Gettaxi (UK) Ltd.
  • Grab Holdings Inc.
  • Lyft Inc.
  • TomTom International BV
  • Uber Technologies Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The ride sharing market growth will increase by $45.59 billion during 2020-2025.
The ride sharing market is expected to grow at a CAGR of 17.88% during 2020-2025.
Technavio has segmented the ride sharing market by end user (Individual and Business) and geographic (APAC, Europe, North America, South America, and MEA).
ANI Technologies Private Ltd., Beijing Xiaoju Technology Co. Ltd., Comuto SA, Curb Mobility LLC, DENSO Corp., GT Gettaxi (UK) Ltd., Grab Holdings Inc., Lyft Inc., TomTom International BV, Uber Technologies Inc. are a few of the key vendors in the ride sharing market.
APAC will register the highest growth rate of 47.97% among the other regions. Therefore, the ride sharing market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the ride sharing market growth are:
  • Increase in cost of vehicle ownership
The ride sharing market vendors should focus on grabbing business opportunities from the individual segment as it accounted for the largest market share in the base year.
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