Ride-Hailing Service Market Growth, Trends, Opportunities and Forecast to 2025

Ride-hailing service market was valued at $36,450.0 million in 2017, and is projected to reach $126,521.2 million by 2025, registering a CAGR of 16.5% from 2018 to 2025. North America was the highest contributor to the global market in 2017 garnering a CAGR of 12.7% during the forecast period.

Ride-hailing service enables passengers to hail a vehicle using online platforms such as Grab, Lyft, Uber, and Ola. It serves as one of the most comfortable means of transportation, as it provides door-to-door services. Moreover, while hailing a ride, information of the passenger and the driver is exchanged, making this service safer than traditional taxi services.

Top Companies Covered in this Report:
Uber Technologies , Lyft, Daimler , Grab, ANI Technologies , Didi Chuxing Technology , nuTonomy, Denso Corporation, TomTom NV, and Gett,

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The growth of the global ride-hailing service market is driven by rise in trend of on-demand transportation services, creation of employment opportunities, and low rate of car ownership among millennials. In addition, advancements in connected & automatic vehicles to reduce CO2 emission and substantial increase in sales of these vehicles for the use of ride-hailing services propel the global market growth.

However, low rate of internet penetration in developing regions considerably hampers the growth of the market. Moreover, enforcement of stringent government policies toward ride-hailing service restrains the market growth. For instance, the Bombay High Court recently took action against ride-hailing service providers such as Uber and Ola in Kolkata, Bhopal, and Mumbai, due to unnecessary hike in their service pricing. On the contrary, rise in trend of mobility-as-a-service and increase in user base of ride sharing services across the globe are expected to create lucrative opportunities for the market players.

Major Types of Ride-Hailing Service covered are:
BY SERVICE TYPE:-
E-hailing
Car Rental
Car Sharing
Station-based Mobility

BY VEHICLE TYPE:-
Two-wheeler
Three-wheeler
Four-wheeler
Others (Van and Bus)

BY LOCATION TYPE:-
Urban
Rural

The global ride-hailing service market is segmented based on service type, vehicle type, location, end user, and region. E-hailing, car rental, car sharing, and station-based mobility are studied under the service type segment. On the basis of vehicle type, the market is categorized into two-wheeler, three-wheeler, four-wheeler, and others. Depending on location type, it is bifurcated into urban and rural. According to end user, it is segregated into institutional and personal. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Ride-Hailing Service Market Size
2.2 Ride-Hailing Service Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Ride-Hailing Service Market Size by Manufacturers
3.2 Ride-Hailing Service Key Players Head office and Area Served
3.3 Key Players Ride-Hailing Service Product/Solution/Service
3.4 Date of Enter into Ride-Hailing Service Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Ride-Hailing Service Sales by Product
4.2 Global Ride-Hailing Service Revenue by Product
4.3 Ride-Hailing Service Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Ride-Hailing Service Breakdown Data by End User

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In the last section of the report, the global Ride-Hailing Service market additionally provides a detailed survey of the key competitors and the leading players in the market, based on the various objectives of an organization such as overview, profiling, product portfolio, the quantity of production, upstream raw material, downstream demand analysis, and the financial status of the organization. These key players have adopted the regional expansion, mergers & acquisitions, product portfolio expansion, partnerships, and collaborations as their key strategies to enhance their infiltration in the Global Ride-Hailing Service Market.

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