Press release
Sharing the Journey : The $205.8 Billion Ride Sharing Market Forecast by 2030
Ride Sharing Market
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A13712
Rise in demand for carpool & bike pool services, growing inclination toward online booking channels, and surge in cost of vehicle ownership drive the growth of the ride sharing market. On the other hand, improvement of public transportation and resistance from the local transport services coupled with varying government regulations in different countries impede the growth to some extent. However, development of robo-taxies and emergence of eco-friendly electric cab services are expected to create lucrative opportunities in the industry.
The factors such as rise in demand for ride-hailing and ride-sharing services, increase in demand from online taxi booking channels and increase in cost of vehicle ownership are anticipated to drive the market growth. However, improvement of public transportation and varying government regulations on taxi services in different countries across the world hinder the market growth. Further, development of robo-taxies and emergence of eco-friendly electric cab services are some of the factors expected to offer lucrative opportunities for the market growth during the forecast period.
The global ride sharing market is analyzed across booking type, commute type, vehicle type, and region.
๐๐๐ฌ๐๐ ๐จ๐ง ๐๐จ๐จ๐ค๐ข๐ง๐ ๐ญ๐ฒ๐ฉ๐, the online booking segment accounted for 87% of the total market share in 2020, and is expected to rule the roost by 2030. The same segment would also garner the fastest CAGR of 13.7% throughout the forecast period.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/ride-sharing-market/purchase-options
๐๐๐ฌ๐๐ ๐จ๐ง ๐๐จ๐ฆ๐ฆ๐ฎ๐ญ๐ ๐ญ๐ฒ๐ฉ๐, the intracity segment contributed to nearly four-fifths of the total market revenue in 2020, and is projected to lead the trail by 2030. The intercity segment, however, would exhibit the fastest CAGR of 15.2% during the forecast period.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ซ๐๐ ๐ข๐จ๐ง, the market across Europe held the major share in 2020, garnering nearly one-third of the global market. LAMEA, on the other hand, would manifest the fastest CAGR of 16.0% throughout the forecast period. The other provinces discussed in the report include North America and Asia-Pacific.
The key market players analyzed in the global ride sharing market report include ๐๐๐ข๐ฃ๐ข๐ง๐ ๐๐ข๐๐จ๐ฃ๐ฎ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐๐จ, ๐๐ญ๐. (๐๐ข๐๐ข ๐๐ก๐ฎ๐ฑ๐ข๐ง๐ ), ๐๐ฅ๐๐๐ฅ๐๐๐๐ซ, ๐๐๐๐ข๐๐ฒ ๐๐ฌ๐ฉ๐๐ง๐ ๐.๐.๐., ๐๐๐๐ซ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐ง๐., ๐๐๐ซ๐๐๐ฆ, ๐๐๐ญ๐ญ, ๐๐ซ๐๐๐๐๐ฑ๐ข ๐๐จ๐ฅ๐๐ข๐ง๐ ๐ฌ ๐๐ญ๐. ๐๐ญ๐., ๐๐ฒ๐๐ญ, ๐๐ง๐., ๐๐๐ง๐๐๐ฑ, ๐๐ง๐ ๐๐๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐ฏ๐ญ. ๐๐ญ๐. (๐๐๐). These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Following the directions of the WHO for minimizing the spread of the virus, governments of various countries have set up lockdown and trade restrictions. In most of the countries across the world, shops and businesses have shuttered and offices have emptied out, and this has resulted in decrease in demand for taxi or cab services, which in turns, for ride sharing services. Social distancing norms and regulations implemented by government and healthcare authorities encourage citizens to maintain a two-meter distance from other persons for safety. This has restricted the usage of ride sharing services for daily commute.
Users prefer to travel in their own vehicles due to health and safety concerns, hampering the market size in 2020. However, major ride-sharing companies such as Ola, Uber, Grab, Didi, Lyft, and others are already feeling the pressure from the coronavirus pandemic as travel restrictions and lockdowns are increasing across the world. For instance, Lyft experienced a decrease in revenue by 36% year-on-year. In addition, according to the Canaccord Genuity pricing tracker, ride-share fares dropped by 6% month-over-month in 2020.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A13712
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐จ๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/car-sharing-market-A07125 - Car Sharing Market : Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/ride-hailing-service-market - Ride-Hailing Service Market : Global Opportunity Analysis and Industry Forecast, 2018 - 2025
https://www.alliedmarketresearch.com/scooter-sharing-market-A11375 - Scooter Sharing Market : Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/mobility-as-a-service-market - Mobility-As-A-Service Market : Global Opportunity Analysis and Industry Forecast, 2023-2032
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