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    Home Automotive and Transportation Commercial Vehicles Global Ride Sharing Market Analysis and Forecast 2018-2025

    Global Ride Sharing Market Size by Type (On-demand, Commute and Long Distance), by Region (North America, Europe, Asia Pacific and Rest of World) and Forecast 2018 to 2025

    Sep 07 2018 Total Pages: 70

    The global ride sharing market was valued at USD 43.24 billion in 2017 and is anticipated to grow at a fast pace due to increasing population and growing concern for environment. Further to reduce road collision, congestion and associated air pollution have expected to drive the market in coming future. However, at present rapid income growth in middle class has restrained the growth of ride sharing market.

    Global Ride Sharing Market Revenue, 2015-2025 (USD billion)

    Further, the fast uptake of smartphones and internet around the world have opened possibilities for ride sharing in many regions. The various security featured offered such as route tracking, license plate, name and number of the driver and pas records are available to the customers before driver arrive. Moreover, car owners are also inclined to use the ride share occasionally, for example when going out for party. These features have encouraged to drive the global ride sharing market share.

    Furthermore, the liberalization of the telecom industry has led to a boom in smartphone and internet users, enabling new business opportunities. Capitalizing on the increasing need of transportation services and on the rising technology use by the population, Ride sharing mobility companies have launched their apps, creating new innovative mobility models.

    There is an important difference between ride sharing companies and taxi companies. Ride sharing companies are not subject to follow the regulatory and licensing requirements unlike traditional taxi companies. Making this a prominent reason to boost ride sharing companies by availing price advantage and eliminating the business of traditional taxi model.

    Ride sharing is a two sided market which is dependent on demand and supply of customers and cars respectively. On the demand side, passengers download more than one car –hailing app such as Uber and Ola and use them to compare availability and prices. Similarly, drivers could sign up to more than one platform that depends on various factors such as probability of picking up passengers and financial incentives.

    The growing demand for global ride sharing market has accelerated the production of cars with flexible interiors such as relaxing and fun. These cars model will benefit passengers too, as these interior built will offer higher levels of convenience and as well as be cheaper to buy and maintain. In January 2016, General Motors made a $500 million investment in Lyft, and also launched its car rental and sharing service named Maven. While Swedish firm Volvo has a partnership with Uber to provide its XC90 SUV model for autonomous testing.

    Another valuable contribution of global Ride sharing market is towards the environment, where there is a reduction in vehicles circulation per day. This will result into an estimated minimization of annual CO2 emissions and parking space. In 2017, in Myanmar, ride sharing resulted in reduction of CO2 emission by 423 million kg, which is the same amount of emission as compared to 160,000 tons of coal. The vehicle circulation reduction will also contribute in decrease in demand for parking spaces for private vehicles. This freed up space can accommodate additional 230,000 trees in Yangon, to make the city greener and rich in vegetation.

    Asia Pacific dominated the global ride sharing market in 2017. Ride sharing service has also attracted private car owners in to also join and gain from it financially in this region. In Yangon, nearly 1 out of every 4 of private car owners tends to be a part of a ride-sharing service. In Mandalay it is 1 in every 5, while almost 50% in Nay Pyi Taw.

    In North America, U.S. is the leading country constituting around 82.4% of the ride sharing market. Moreover, U.S. government is also taking an initiative to help the companies to grow in this region and also taking measures for the safety of riders. For example, in July 2018, the California Public Utilities Commission (CPUC), regulated ride sharing rules for companies like Uber and Lyft. The regulation includes, driver background checks, insurance requirements, and drug tests.

    At the momentum of ride sharing market, there are two major global companies which includes Uber and Lyft. However, regional companies like Ola, Didi Chuxing, and Grab has strong market presence in ride sharing market. Hence, giving a tough competition to global players. The competitive landscape of global ride sharing market is consolidated in 2017 as Uber held the major of ride sharing market with the presence in 65 countries and over 600 cities worldwide.

    Key segments of the global ride sharing market

    Types Overview, 2015-2025 (USD million)

    • On-demand
    • Commute
    • Long distance

    Regional Overview, 2015-2025 (USD million)

    • North America
      • US
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
    • Asia Pacific
      • India
      • China
      • Japan
    • Rest of the World

    Reasons for the study

    • The study assesses the dynamics and movement of the global ride sharing market across various geographies
    • While studying the global ride sharing market, we observed that the demand for its service was tremendous in developing economies
    • The market is consolidated and major share held by Uber Technologies Inc. across the globe. However, many new entrants are coming in this business and giving tough competition to Uber Technologies.

    What does the report include?

    • The report focuses on ride sharing market types
    • The study on the global ride sharing market includes qualitative factors such as value chain analysis, drivers, restraints and PESTLE analysis.
    • The study covers qualitative and quantitative analysis of the market segmented on the basis of types. Moreover, the study provides similar information for the key geographies
    • Actual market sizes and forecasts have been provided for all the above-mentioned segments
    • The study includes the profiles of key players in the market with a significant global and/or regional presence

    Who should buy this report?

    • The report on the global ride sharing market is suitable for all the players across the value chain including industries such as automobiles, telecom and mobile manufacturers.
    • Venture capitalists and investors looking for more information on the future outlook of the global ride sharing market
    • Consultants, analysts, researcher, and academicians looking for insights shaping the global ride sharing market

    1. Executive Summary

    2. Research Methodology

    • Research approach
    • Scope, definition, and assumptions
    • Data sources

    3. Market Outlook

    • Introduction
    • Key trends
    • Market Drivers
    • Market Restraints
    • Market Opportunity

    4. Ride Sharing Overview, By Types

    • Global ride sharing market share, by types, 2017 & 2025
    • On-demand
    • Global on-demand ride sharing market share, 2015 – 2025
    • Commute
    • Global commute ride sharing market share, 2015 - 2025
    • Long Distance
    • Global long distance ride sharing market share, 2015 - 2025

    5. Ride Sharing market Overview, By Region

    • Global ride sharing market share, by regions, 2017 & 2025
    • North AmericaNorth America ride sharing market share 2015 - 2025U.S
    • U.S. ride sharing market share 2015 - 2025.
    • EuropeEurope ride sharing market share 2015 - 2025UK
    • U.K. ride sharing market share 2015 - 2025
    • Germany
    • Germany ride sharing market share 2015 - 2025
    • France
    • France ride sharing market share 2015 - 2025
    • Asia PacificAsia Pacific ride sharing market share 2015 - 2025China
    • China ride sharing market share 2015 - 2025
    • India
    • India ride sharing market share 2015 - 2025
    • Japan
    • Japan ride sharing market share 2015 - 2025
    • Rest of the World
    • Rest of the World ride sharing market share 2015 & 2025

    6. Company ProfilesUber Technology Inc.

    • Company overview
    • Product offerings
    • Financial performance
    • Recent initiatives
    • Lyft.
    • Company overview
    • Product offerings
    • Financial performance
    • Recent initiatives
    • Didi Chuxing
    • Company overview
    • Product offerings
    • Financial performance
    • Recent initiatives
    • Grab
    • Company overview
    • Product offerings
    • Financial performance
    • Recent initiatives
    • Go Jerk
    • Company overview
    • Product offerings
    • Financial performance
    • Recent initiatives
    • Easy Taxi
    • Company overview
    • Product offerings
    • Financial performance
    • Recent initiatives
    • Hitch-a-Ride
    • Company overview
    • Product offerings
    • Financial performance
    • Recent initiatives
    • Ola
    • Company overview
    • Product offerings
    • Financial performance
    • Recent initiatives
    • Yandex,Taxi
    • Company overview
    • Product offerings
    • Financial performance
    • Recent initiatives
    • Haxi
    • Company overview
    • Product offerings
    • Financial performance
    • Recent initiatives

    List of Figures

    1. Market segmentation
    2. Global ride sharing market share, by types, 2017 & 2025 (USD million)
    3. Global on-demand ride sharing market share, 2015 – 2025 (USD million)
    4. Global commute ride sharing market share, 2015 - 2025 (USD million)
    5. Global long distance ride sharing market share, 2015 - 2025 (USD million)
    6. Global ride sharing market share, by region, 2017 & 2025 (USD million)
    7. North America ride sharing market share 2015 - 2025 (USD million)
    8. Europe ride sharing market share 2015 - 2025 (USD million)
    9. Asia Pacific ride sharing market share 2015 - 2025 (USD million)
    10. Rest of the World ride sharing market share 2015 - 2025 (USD million)

    List of Tables

    1. North America ride sharing market share, by type, 2015 - 2025 (USD million)
    2. U.S. ride sharing market share 2015 – 2025 (USD million)
    3. Europe ride sharing market share, by type, 2015 - 2025 (USD million)
    4. United Kingdom. ride sharing market share 2015 – 2025 (USD million)
    5. Germany ride sharing market share 2015 – 2025 (USD million)
    6. France ride sharing market share 2015 – 2025 (USD million)
    7. Asia Pacific ride sharing market share, by type, 2015 - 2025 (USD million)
    8. China ride sharing market share 2015 – 2025 (USD million)
    9. India ride sharing market share 2015 – 2025 (USD million)
    10. Japan ride sharing market share 2015 – 2025 (USD million)
    11. Rest of World ride sharing market share, by type, 2015 - 2025 (USD million)


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