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Ride-Hailing Service Market Report by Vehicle Type (Two-wheeler, Three-wheeler, Four-wheeler, and Others), Service Type (E-hailing, Car Sharing, Car Rental, and Others), Payment Method (Cash, Online), Location Type (Urban, Rural), End User (Personal, Commercial), and Region 2024-2032
Market Report I 2024-07-01 I 139 Pages I IMARC Group
The global ride-hailing service market size reached US$ 176.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 366.4 Billion by 2032, exhibiting a growth rate (CAGR) of 8.3% during 2024-2032.
Ride-hailing refers to the process of booking customized rides online by customers via transportation network companies (TNCs). Ride-hailing services are convenient, cost-effective, safe for riders and help offer mobility to senior citizens as well as people with disabilities. They also display the license plate and model of the car to ensure that riders get into the right vehicle and can share the route with friends and family members.
Ride-Hailing Service Market Trends:
At present, there is a rise in the trend of on-demand transportation services due to flexible routing and ad-hoc scheduling of private automobiles. These automobiles allow passengers to have a personalized transportation experience by picking up and dropping off at their preferred locations. This, along with the growing number of employment opportunities offered by ride-hailing services, represents one of the key factors driving the market. Moreover, the rising employment of autonomous vehicles in ride-hailing services to reduce carbon dioxide (CO2) emissions in the environment are propelling the growth of the market. In addition, there is an increase in the utilization of mobility-as-a-service (MaaS) among individuals to reduce traffic congestion, road injuries, and the overall discomfort associated with traveling. This, coupled with the expanding user base of ride-hailing services around the world due to easy booking of vehicles and hassle-free payments as compared to conventional taxi services, is offering lucrative growth opportunities to key players. Besides this, several ride-hailing companies are raising funds from investors to enhance their technology and deliver better services to their clients. In line with this, governments of several countries are providing subsidies to drivers for encouraging them to take more bookings, which is bolstering the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ride-hailing service market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on vehicle type, service type, payment method, location type and end user.
Breakup by Vehicle Type:
Two-wheeler
Three-wheeler
Four-wheeler
Others
Breakup by Service Type:
E-hailing
Car Sharing
Car Rental
Others
Breakup by Payment Method:
Cash
Online
Breakup by Location Type:
Urban
Rural
Breakup by End User:
Personal
Commercial
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aptiv PLC, Be Group JSC, BlaBlaCar, Bolt Technology OU, FREE NOW, Gett, Grab, InDriver, Lyft Inc., Ola Cabs, Ridecell Inc., TomTom N.V. and Uber Technologies Inc.
Key Questions Answered in This Report:
How has the global ride-hailing service market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global ride-hailing service market?
What are the key regional markets?
What is the breakup of the market based on the vehicle type?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the payment method?
What is the breakup of the market based on the location type?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global ride-hailing service market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Ride-Hailing Service Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Vehicle Type
6.1 Two-wheeler
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Three-wheeler
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Four-wheeler
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Service Type
7.1 E-hailing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Car Sharing
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Car Rental
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Payment Method
8.1 Cash
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Online
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Location Type
9.1 Urban
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Rural
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by End User
10.1 Personal
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Commercial
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Aptiv PLC
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Be Group JSC
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 BlaBlaCar
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Bolt Technology OU
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 FREE NOW
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Gett
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Grab
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 InDriver
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 Lyft Inc.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Ola Cabs
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Ridecell Inc.
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 TomTom N.V.
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.12.4 SWOT Analysis
16.3.13 Uber Technologies Inc.
16.3.13.1 Company Overview
16.3.13.2 Product Portfolio
16.3.13.3 Financials
16.3.13.4 SWOT Analysis
Figure 1: Global: Ride-Hailing Service Market: Major Drivers and Challenges
Figure 2: Global: Ride-Hailing Service Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Ride-Hailing Service Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Ride-Hailing Service Market: Breakup by Vehicle Type (in %), 2023
Figure 5: Global: Ride-Hailing Service Market: Breakup by Service Type (in %), 2023
Figure 6: Global: Ride-Hailing Service Market: Breakup by Payment Method (in %), 2023
Figure 7: Global: Ride-Hailing Service Market: Breakup by Location Type (in %), 2023
Figure 8: Global: Ride-Hailing Service Market: Breakup by End User (in %), 2023
Figure 9: Global: Ride-Hailing Service Market: Breakup by Region (in %), 2023
Figure 10: Global: Ride-Hailing Service (Two-wheeler) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Ride-Hailing Service (Two-wheeler) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Ride-Hailing Service (Three-wheeler) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Ride-Hailing Service (Three-wheeler) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Ride-Hailing Service (Four-wheeler) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Ride-Hailing Service (Four-wheeler) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Ride-Hailing Service (Other Vehicle Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Ride-Hailing Service (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Ride-Hailing Service (E-hailing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Ride-Hailing Service (E-hailing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Ride-Hailing Service (Car Sharing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Ride-Hailing Service (Car Sharing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Ride-Hailing Service (Car Rental) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Ride-Hailing Service (Car Rental) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Ride-Hailing Service (Other Service Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Ride-Hailing Service (Other Service Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Ride-Hailing Service (Cash) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Ride-Hailing Service (Cash) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Ride-Hailing Service (Online) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Ride-Hailing Service (Online) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Ride-Hailing Service (Urban) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Ride-Hailing Service (Urban) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Ride-Hailing Service (Rural) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Ride-Hailing Service (Rural) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Ride-Hailing Service (Personal) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Ride-Hailing Service (Personal) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Ride-Hailing Service (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Ride-Hailing Service (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: North America: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: North America: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: United States: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: United States: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Canada: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Canada: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Asia-Pacific: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Asia-Pacific: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: China: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: China: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Japan: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Japan: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: India: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: India: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: South Korea: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: South Korea: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Australia: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Australia: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Indonesia: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Indonesia: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Others: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Others: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Europe: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Europe: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Germany: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Germany: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: France: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: France: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: United Kingdom: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: United Kingdom: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Italy: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Italy: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Spain: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Spain: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Russia: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Russia: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Others: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Others: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Latin America: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Latin America: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Brazil: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Brazil: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Mexico: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Mexico: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Others: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Others: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Middle East and Africa: Ride-Hailing Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Middle East and Africa: Ride-Hailing Service Market: Breakup by Country (in %), 2023
Figure 86: Middle East and Africa: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Global: Ride-Hailing Service Industry: SWOT Analysis
Figure 88: Global: Ride-Hailing Service Industry: Value Chain Analysis
Figure 89: Global: Ride-Hailing Service Industry: Porter's Five Forces Analysis
Table 1: Global: Ride-Hailing Service Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Ride-Hailing Service Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
Table 3: Global: Ride-Hailing Service Market Forecast: Breakup by Service Type (in Million US$), 2024-2032
Table 4: Global: Ride-Hailing Service Market Forecast: Breakup by Payment Method (in Million US$), 2024-2032
Table 5: Global: Ride-Hailing Service Market Forecast: Breakup by Location Type (in Million US$), 2024-2032
Table 6: Global: Ride-Hailing Service Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 7: Global: Ride-Hailing Service Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Ride-Hailing Service Market: Competitive Structure
Table 9: Global: Ride-Hailing Service Market: Key Players
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