Global Ride Sharing Market To Record A CAGR Of Around 18.96% From 2020 To 2026 - ZMR

Global Ride Sharing market is predicted to amass revenue gains totaling approximately 261.71 (USD Billion) by 2026 and is set to record a CAGR of about 18.96% over the period from 2020 to 2026.

As per the Zion Market Research analysts, the global ride sharing market is anticipated to record a cumulative growth of nearly 18.96% from 2020 to 2026, to attain a value of USD 261.71 billion by 2026 . Few of the prominent players active in the global ride sharing market include DiDi, Herts, GoJek, Lyft, Gett, Uber, Lime, Grab, Ola, SoCar, and BlaBlaCar . These companies have implemented several approaches such as new product development, expansion, merger & acquisition, and partnership to set a firm foot in the market. To cite, Uber, in September 2018, has accelerated its operations in Canada with a new engineering unit in Toronto and the extension of its self-driving vehicle unit in the city. The firm stated the engineering hub—the 8th of Uber beyond the US—will be accomplished by early 2019 and will be the “building blocks” for faster and stronger global use of new offerings like e-scooter rentals and Jump bikes.

Rising Need To Decrease Urban Traffic Congestion To Boost Demand For Ride Sharing

The rising requirement to decrease urban traffic jamming and need for cost-effective traveling mode with improved comfort are the few of the major factors propelling the growth of the rise sharing market. Further, the rising access to smart electronic devices, like smartphones, laptops, and tablets, is also projected to propel the growth of the market. In business model of ride sharing, smart electronic devices are deemed as the most noteworthy platforms on which the ride-sharing applications are installed. Moreover, the rapid use of the Internet and smartphones across the globe have surfaced several opportunities for ride-sharing in several regions. The numerous security features provide like license plate, route tracking, number & name of the driver, along with past records to the users prior to the driver arrives are also expected to fuel market growth. In addition, car owners are prefer using the ride share intermittently, for instance when they have to go for a party, which is further anticipated to boost the growth of the global ride sharing market.

Get Free Sample Report PDF @

Station-Based Mobility Segment Is Expected To Witness Rapid Expansion In The Coming Period

The station-based mobility market segment is projected to show rapid expansion in the coming period. Station-based mobility is incentivized by governments around the globe and dedicated roads are laid in several nations for the station to station mobility. The 2nd rapidly expanding segment is the car sharing owing to its advantages like receiving benefits of a personal vehicle with no responsibilities and costs of car ownership.

Asia Pacific Region To Register A Remarkable Growth During The Forecast Period

In 2018, the major share of the global ride sharing market was held by North America. Nevertheless, Asia Pacific is projected to beat North America in the years to come. Lyft and Uber are the key players active in this region. Asia Pacific is a promising ride sharing market for platforms with a huge count of speedily developing towns and cities. Already, the ride sharing market is ruled by China and is projected to show considerable expansion during the years to come.

The global ride sharing market is segmented as follows:

By Service Type

Car Sharing
Car Rental
Station-Based Mobility

By Vehicle Type

Internal Combustion Engine Vehicle
CNG/LPG Vehicle
Electric Vehicle
Micro Mobility Vehicle

By Data Service

Information Service
Payment Service

By Region

North America
The U.S.

The UK
Rest of Europe

Asia Pacific
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Rest of Latin America

Middle East & Africa
South Africa
Rest of Middle East & Africa

Browse TOC of this Report @

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Info:
Name: Joel John
Email: Send Email
Organization: Zion Market Research
Address: 244 Fifth Avenue, Suite N202
Phone: +1-855-465-465

Release ID: 88983058