Global Ride Hailing Services Market 2024-2028
The ride hailing services market is forecasted to grow by USD 66.17 bn during 2023-2028, accelerating at a CAGR of 16.1% during the forecast period. The report on the ride hailing services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising use of online ride hailing services, increasing smartphone and internet penetration of ride hailing services, and rapid growth in urbanization.
Technavio's ride hailing services market is segmented as below:
By Application
By Mode Of Booking
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing merger and acquisition activities in ride hailing services market as one of the prime reasons driving the ride hailing services market growth during the next few years. Also, increasing investment in autonomous vehicles and rising adoption of electric vehicles (EVS) will lead to sizable demand in the market.
The report on the ride hailing services market covers the following areas:
- Ride hailing services market sizing
- Ride hailing services market forecast
- Ride hailing services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ride hailing services market vendors that include ANI Technologies Pvt. Ltd., Be Group Joint Stock Co., Bolt Technology OU, Comuto SA, DiDi Global Inc., FastGo Joint stock Co., Grab Holdings Ltd., GT Gettaxi UK Ltd., Junoride, Lyft Inc., My Taxi Ride Inc., Ridecell Inc, SUOL INNOVATIONS LTD, The Addison Lee Group, TomTom NV, Transopco UK Ltd., Uber Technologies Inc., Via Transportation Inc., Wheely Technologies Ltd., and YandexGo. Also, the ride hailing services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.