Ride-Hailing Market 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 North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The size of the Ride-Hailing Market was valued at USD 160.09 USD Billion in 2023 and is projected to reach USD 418.89 USD Billion by 2032, with an expected CAGR of 14.73% during the forecast period. Ride hailing is a subsector of the transport system whereby consumers make a request for a driver to pick them up through a smart application which connects consumers to drivers. These are generally categorized into basic service like traditional ride, ride sharing (e.g., Uber Pool) and first-class services like Uber Lux. Some of the features consist of gps tracking in real time, automatic payment, and the ability to rate drivers. Different uses of ride hailing include regular daily usage, event usage and short term trip usage, because of the convenience and flexibility it provides. It also helps in decrease in ownership of personal cars and can improve the flow of traffic in urban city by offering competition to traditional taxis and public transportation.
Ride-Hailing Trends
Service Type:
Vehicle Type:
Payment Method:
Location Type:
End-User:
Drivers:
Restraints:
Opportunities:
Challenges:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 14.73% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 14.73% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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