The global ride sharing market size is expected to be worth around USD 436 billion by 2032 from USD 436 billion in 2022, growing at a CAGR of 17.3% from 2022 to 2032.
Stringent emission regulations imposed by governments of various countries across the globe in order to control the alarming rate of rise in global pollution likely to propel the adoption of shared mobility and thus the trend for ride sharing in the coming years. Furthermore, overcrowded public transportations cause high level of discomfort that in turn triggers the demand for more comfortable intercity ride models. Hence, increasing rush in the public transportation favors the growth of ride sharing.
Increase in the number of private car ownerships coupled with rise in traffic congestion are some of the other important factors that drive the market growth for ride sharing during the near future. Populated countries and cities have insufficient network of roads that leads to increase the traffic congestion. As per the Federal Highway Administration, increased traffic congestion takes more than 37% of total travelling time for the daily commuters in the United States. Furthermore, rising purchasing power of consumer in the developing countries also ignites the rising sale of passenger vehicles that in turn likely to trigger the traffic congestion and hence prospers the growth of ride sharing in the regions.
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Ride Sharing Market Report Scope
| Report Highlights | Details |
| Market Size in 2023 | USD 103.93 Billion |
| Market Size by 2032 | USD 436 Billion |
| Growth Rate from 2023 and 2032 | CAGR of 17.3% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Service Type, Vehicle Type, Membership Type |
| Regional Scope | North America, APAC, Europe, Latin America, MEAN, Rest of the World |
| Companies Mentioned | DIDI Chuxing, UBER Technologies Inc., GETT, GRAB, LYFT Inc., ANI Technologies Pvt. Ltd., INTEL, BLABLACAR, TOMTOM International BV, Denso Corporation, APTIV, WAYMO, General Motors, Ford Motor Company, IBM International |
However, technology development in the construction and infrastructure field has overcome the concern for traffic congestion and thus challenges the market growth for ride sharing. Nonetheless, advancement in the vehicle technology and road infrastructure compel users to invest in the new car models and upcoming vehicles that propels the growth in sale of passenger cars and thus prospers the market growth for ride sharing in the coming years.
The rapid spread of COVID-19 in the early 2020 has disrupted the operation of various industries including automotive. Ride sharing is the main trend that gets most affected by the COVID-19 pandemic. Lockdown situation and social distancing norms were the major factors that hampered the market growth for ride sharing. Even currently, the market is still struggling hard with the consumer’s perspective to adopt individual vehicles rather than shared vehicles owing to increased health concern and awareness from the spread of COVID-19 virus.
Report Highlights
Key Players Analysis
The global ride sharing market is highly fragmented owing to the presence of large number of market players and thus the rate of competition among the market vendors is also very high particularly among the major industry participants. The market is also highly vulnerable for the new market entrants and thus triggers the rate of competition within the global market. In addition, these market players are significantly concentrated towards the new service launch that favors the prominent growth of the market.
Some of the prominent players covered under the global ride sharing market report include DIDI Chuxing, UBER Technologies Inc., GETT, GRAB, LYFT Inc., ANI Technologies Pvt. Ltd., INTEL, BLABLACAR, TOMTOM International BV, Denso Corporation, APTIV, WAYMO, General Motors, Ford Motor Company, IBM International, CABIFY, CAR2GO, DAIMLER, and EASY Taxiamong others.
By Service Type
By Membership Type
By Vehicle Type
By Regional Outlook
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Service Typeing Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Ride Sharing Market, By Service Type
7.1. Ride Sharing Market, by Service Type, 2021-2030
7.1.1. E-hailing
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Car Rental
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Car Sharing
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Station-based Mobility
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Ride Sharing Market, By Membership Type
8.1. Ride Sharing Market, by Membership Type, 2021-2030
8.1.1. Fixed Ridesharing
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Corporate Ridesharing
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Dynamic Ridesharing
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Ride Sharing Market, By Vehicle Type
9.1. Ride Sharing Market, by Vehicle Type, 2021-2030
9.1.1. Electric Vehicle Mobility
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. CNG/LPG Vehicle
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. ICE Vehicle Mobility
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Micro-mobility
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Ride Sharing Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.1.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.1.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Vehicle Type(2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.2.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.2.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.3.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.3.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.4.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.5.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Service Type (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Membership Type (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Vehicle Type (2017-2030)
Chapter 11. Company Profiles
11.1. DIDI Chuxing
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. UBER Technologies Inc.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. GETT
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. GRAB
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. LYFT Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. ANI Technologies Pvt. Ltd.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. INTEL
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. BLABLACAR
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. TOMTOM International BV
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Denso Corporation
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. APTIV
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. WAYMO
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. General Motors
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives
11.14. Ford Motor Company
11.14.1. Company Overview
11.14.2. Product Offerings
11.14.3. Financial Performance
11.14.4. Recent Initiatives
11.15. IBM International
11.15.1. Company Overview
11.15.2. Product Offerings
11.15.3. Financial Performance
11.15.4. Recent Initiatives
11.16. CABIFY
11.16.1. Company Overview
11.16.2. Product Offerings
11.16.3. Financial Performance
11.16.4. Recent Initiatives
11.17. CAR2GO
11.17.1. Company Overview
11.17.2. Product Offerings
11.17.3. Financial Performance
11.17.4. Recent Initiatives
11.18. DAIMLER
11.18.1. Company Overview
11.18.2. Product Offerings
11.18.3. Financial Performance
11.18.4. Recent Initiatives
11.19. EASY Taxi
11.19.1. Company Overview
11.19.2. Product Offerings
11.19.3. Financial Performance
11.19.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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