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Oct 6, 2020 11:50 AM ET

Ride Sharing Market Drive Revenue Growth | Uber Technologies, Inc (US), Lyft Inc. (US), DiDi Chuxing Technology Co. (China)


iCrowd Newswire - Oct 6, 2020

Global Ride Sharing Market Size study with COVID-19 Impact, by Service Type (E-Hailing, Car Sharing, Car Rental, Station-Based Mobility), Data Service (Information, Navigation, Payment) and Regional Forecasts 2020-2026  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Ride Sharing market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Ride Sharing market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis

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Global Ride Sharing Market is valued approximately USD 74.08 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 20.21 % over the forecast period 2019-2026. 

 

Ride Sharing Market

Ride sharing matches the drivers of the vehicles to those seeking local taxicab transportation. This is done through the use of applications which locates the nearest available vehicle for transport and notifies the driver with the location of the customer. The mounting need for personal mobility owing to the rising urbanization and descent in the car ownerships drive the market growth. As these applications make cab easily available also, people prefer to use these services instead of purchasing a car owing to the high maintenance cost and parking.

Also, growing Internet and smartphone penetration fuels the market growth. As these apps require access to the location which is gained through the use of GPS in the smart phones and the readily available digital road maps which guide the driver towards destinations. Hence the growing penetration of smart phones drives the market towards growth. Moreover, stringent CO2 reduction targets set by the governments and rising awareness among the population has increased traveler inclination towards the use of Ride sharing. However, the spread of the COVID-19 pandemic has negatively impacted the Ride Sharing market for the year 2020. As due to shutdowns announced by most of the infected countries coupled with the Self-Isolation norms have decreased the number of commuters which used these services. As majority of the population is working from home and only allowed to get out for the purchase of essential products which is frequently delivered at home hence the utilization of these ride sharing services has witnessed a steep decline. This has forced major market players to announce temporary shutdown. As in March 2020, Ola and Uber suspended operations temporarily in lockdown cities in India. While as per Statista, the variation in the share of taxi and ride hailing orders after the COVID-19 in France outbreak was -3.2% for Uber, -2.5% for Bolt and -0.1% for Lecab. Hence, amidst the pandemic the Ride Sharing market is face a tremendous blow. However, after the Pandemic, the market is projected to witness growth owing to the resume in operations and implementation of innovative strategies like offering partitions to maintain the distance between driver and passenger, equipping the vehicle with sanitizers, and mounting devices to measure the body temperature of passengers to eradicate the threat of such infections in future.

The regional analysis of global Ride Sharing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of majority of the players and rising environmental concerns. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rising disposable income along with rising smart phone penetration would create lucrative growth prospects for the Ride Sharing market across Asia-Pacific region.

Major market player included in this report are:

Uber Technologies, Inc (US)

Lyft Inc. (US)

DiDi Chuxing Technology Co. (China)

Grab (Singapore)

Gett (Israel)

Ola Cabs (India)

BlaBlaCar (France)

LimeBike  (US)

Herts (US)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Service Type:

E-Hailing

Car Sharing

Car Rental

Station-Based Mobility

By Data Service:

Information

Navigation

Payment

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster speed and why?

Q.3 Which regions will grow at a faster speed and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats of market?

Q.6 What are emerging trends in market and the reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this market?

Q.11 What M & A activities have taken place in the last five years in this market?

The Study Explore COVID 19 Outbreak Impact Analysis

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Key Points Covered in Ride Sharing Market Report:

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Ride Sharing Market, by Region, 2018-2026 (USD Billion)
1.2.2. Ride Sharing Market, by Service Type, 2018-2026 (USD Billion)
1.2.3. Ride Sharing Market, by Data Service, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Ride Sharing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Ride Sharing Market Dynamics
3.1. Ride Sharing Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Ride Sharing Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Ride Sharing Market, by Service Type
5.1. Market Snapshot
5.2. Global Ride Sharing Market by Service Type, Performance – Potential Analysis
5.3. Global Ride Sharing Market Estimates & Forecasts by Service Type 2016-2026 (USD Billion)
5.4. Ride Sharing Market, Sub Segment Analysis
5.4.1. E-Hailing
5.4.2. Car Sharing
5.4.3. Car Rental
5.4.4. Station-Based Mobility
Chapter 6. Global Ride Sharing Market, by Data Service
6.1. Market Snapshot
6.2. Global Ride Sharing Market by Data Service, Performance – Potential Analysis
6.3. Global Ride Sharing Market Estimates & Forecasts by Data Service 2016-2026 (USD Billion)
6.4. Ride Sharing Market, Sub Segment Analysis
6.4.1. Information
6.4.2. Navigation
6.4.3. Payment
Chapter 7. Global Ride Sharing Market, Regional Analysis
7.1. Ride Sharing Market, Regional Market Snapshot
7.2. North America Ride Sharing Market
7.2.1. U.S. Ride Sharing Market
7.2.1.1. Service Type breakdown estimates & forecasts, 2016-2026
7.2.1.2. Data Service breakdown estimates & forecasts, 2016-2026
7.2.2. Canada Ride Sharing Market
7.3. Europe Ride Sharing Market Snapshot
7.3.1. U.K. Ride Sharing Market
7.3.2. Germany Ride Sharing Market
7.3.3. Rest of Europe Ride Sharing Market
7.4. Asia-Pacific Ride Sharing Market Snapshot
7.4.1. China Ride Sharing Market
7.4.2. India Ride Sharing Market
7.4.3. Japan Ride Sharing Market
7.4.4. Rest of Asia Pacific Ride Sharing Market
7.5. Latin America Ride Sharing Market Snapshot
7.5.1. Brazil Ride Sharing Market
7.5.2. Mexico Ride Sharing Market
7.6. Rest of The World Ride Sharing Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Uber Technologies, Inc (US)
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. Lyft Inc. (US)
8.2.3. DiDi Chuxing Technology Co. (China)
8.2.4. Grab (Singapore)
8.2.5. Gett (Israel)
8.2.6. Ola Cabs, (India)
8.2.7. BlaBlaCar (France)
8.2.8. LimeBike (US)
8.2.9. Herts (US)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

……..and view more in complete table of Contents

 

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