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Ride Sharing Market will grow at CAGR of 19.75% to hit $257.44 Billion by 2026 with top Key players Uber, Volkswagen, Gett, Grab, Easy Taxi, Waymo, Mobileye, Ridecell

Global Ride Sharing Market 

The Ride Sharing market research report is generated with the best and advanced tools of collecting, recording, estimating and analysing market data. These rides make use of three recent technological advances: GPS navigation devices, smartphones, and social networks. Smartphone apps have been created around these three technologies, allowing riders to simply press a button and get paired with a driver, who then comes and picks them up. Ride sharing works on a peer-to-peer driver-partner concept where drivers (who are mostly car owners) partner up with a particular car sharing company like Uber and Lyft to provide rides to potential customers. This is normally connected to the fact that you meet some really interesting (normally local) people and can make often some great connections or glean top tips and pieces of advice from them.

Global Ride Sharing Market was valued at an estimated USD 60.88 billion; this value is expected to grow to USD 257.44 billion by 2026, registering a CAGR of 19.75% in the forecast period of 2019-2026.

Influencing players of this Market are: GoGet Carshare,ANI Technologies, Uber Technologies, Beijing Xiaoju Technology, Lyft , Volkswagen AG, Gett, TomTom International BV., Grab, Aptiv, BlaBlaCar, Careem and Easy Taxi Serviços,LTDA.DENSO CORPORATION, Waymo LLC, car2go NA LLC, Mobileye, Maxi Mobility S.L., Taxify OÜ, Ridecell

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The analysis and estimations conducted via this Ride Sharing report help to get an idea about the product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and effect of the same on sales, marketing, promotions, revenue, import, export, and CAGR values. This Ride Sharing report assists in determining and optimizing each stage in the lifecycle of industrial process that includes engagement, acquisition, retention, and monetization. This Ride Sharing report is a wonderful guide for an actionable ideas, enhanced decision-making and better business strategies.  The insights provided in this Ride Sharing market research report are based upon SWOT analysis on which businesses can rely confidently.

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Market Drivers:

  • Increasing adoption of smartphones and availability of ride-sharing facilities available over the internet
  • Increased benefits associated with the usage of the facility

Table of Content:

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Global Ride Sharing Market Landscape

Part 04: Global Ride Sharing Market Sizing

Part 05: Global Ride Sharing Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Market Restraints:

  • Variations in standards and regulations in the different regions of the world
  • High levels of competition present in the form of traditional and conventional transport methods

Segmentation: Ride Sharing Market

By Type (P2P Car Sharing, Corporate Car Sharing),

By Service Type (E-Hailing, Car Rental, Car Sharing, Station-Based Mobility),

By Vehicle Type (CNG/LPG Vehicles, ICE Vehicles, EV, Micro-Mobility Vehicles),

By Data Service (Navigation, Information Service, Payment Service, Others),

By Distance (Long Distance, Short Distance),

By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Key Developments in the Market:

  • In October 2018, Volkswagen AG and Mobileye announced their intentions to launch a commercialized autonomous ride sharing services in Israel by 2019. In the partnership, Volkswagen will provide Mobileye with a fleet of electric vehicles and Mobileye will be responsible for the installation and maintenance of the self-driving technology.
  • In September 2018, Aptiv announced the launch of a fleet consisting of 30 autonomous vehicles to be used in the Lyft Inc.’s business operations. This partnership will provide the riders’ option to avail the driver-less ride sharing service of the vehicles equipped with Aptiv’s autonomous driving system.

Competitive Analysis: Ride Sharing Market

Global ride sharing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ride sharing market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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Reasons to Purchase this Report

  • Current and future of global market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Key insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

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