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At 7.5% CAGR, Ride Sharing Market Size To Cross $11.94 Billion By 2025 | Grand View Research, Inc. | Grand View Research, Inc.

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At 7.5% CAGR, Ride Sharing Market Size To Cross $11.94 Billion By 2025 | Grand View Research, Inc. | Grand View Research, Inc.

March 17
04:36 2021
At 7.5% CAGR, Ride Sharing Market Size To Cross $11.94 Billion By 2025 | Grand View Research, Inc. | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
The report published by Grand View Research, Inc., states that factors such as rising congestion on the roads, growing demand for affordable commute with better comfort and safety after COVID-19, and increasing penetration of technology are expected to fuel the ride sharing market expansion in the years to come.

The global ride sharing market size is projected to reach USD 11.94 billion by 2025. It is projected to register a CAGR of 7.5% during the forecast period. Increasing awareness in regular commuters regarding environmental deterioration due to vehicle emission is expected to drive the growth. Also, the unprecedented expansions of cities and towns and the inherent traffic congestion issues are anticipated to play a crucial role in driving the market for ride sharing in the forthcoming years. With international trade multiplying everyday with increasing globalization all over the world, ride sharing is expected to receive further push in the coming years.

Market is divided into multiple segments to give an accurate representation of the data. When it comes to business models, the B2C business type ride sharing segment led the market in 2017 and is estimated to keep the growth trajectory for the coming years. Also, on the basis of commute type, Short distance and corporate commute are projected to hold the majority of market share. However, the short distance type is anticipated to lead during the forecast period, attributed to the increase in the trend of ride hailing platform providers venturing in these services through their existing platforms. Furthermore, the recent outbreak of COVID-19 pandemic has made people take more precautions to avoid getting infected, leading to avoidance of public mode of transport and growing adoption of ride sharing with a smaller number of people. All these factors are expected to keep the ride sharing market on a high growth trajectory during the forecasted period. 

Further key findings from the study suggest:

• Acquisition & Mergers form a crucial part of the market expansion strategy of key players. For example, in March 2018, Uber sold its business in Southeast Asia to Singapore-based rival Grab.

• Also, Grab Holdings Inc. is in talks to go public through a merger with a SPAC that would value the Southeast Asian ride-hailing startup at as much as $40 billion, making it by far the largest such deal on record.

• Awareness campaigns by the key players help people to be aware of the Dos & Don’ts while hailing services. Also, it increases the popularity of the companies, leading to better revenue. For instance, in July 2019, Uber launches ‘Check Your Ride’ campaign to raise awareness

• On the basis of region, the North American short distance segment was valued at USD 1.04 billion in 2017

• Indian B2C market is expected to reach USD 815.0 million by 2025, registering a CAGR of 12.7% from 2018 to 2025

B2C business model and short distance commute is expected to lead the ride sharing market till 2025

• Key market players include GRAB, Uber, and Didi Chuxing among others.

Get Sample Pages of This Report @https://www.grandviewresearch.com/industry-analysis/ride-sharing-market/request/rs1

Ride Sharing Market Segmentation

Grand View Research has segmented the global ride sharing market on the basis of business model, commute type and region:

Ride Sharing Business Model Outlook (Revenue, USD Million, 2015 – 2025)

     P2P
     B2C
     B2B

Ride Sharing Commute Type Outlook (Revenue, USD Million, 2015 – 2025)

     Long Distance
     Corporate
     Short Distance

Ride Sharing Regional Outlook (Revenue, USD Million, 2015 – 2025)

     North America
        • U.S.
        • Canada
     Europe
        • France
        • The U.K.
     Asia Pacific
        • China
        • South Korea
        • India
     Latin America
        • Brazil
        • Mexico
     South East Asia
        • ASEAN
        • Australia
     RoW

Enquire More About This Report Before Purchase @https://www.grandviewresearch.com/inquiry/5779/ibb

Have a Look at Related Reports:

Shared Mobility Market Size, Share & Trends Analysis Report By Vehicle (Cars, Two-Wheelers), By Service Model (Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing), And Segment Forecasts, 2019 – 2025

On-Demand Transportation Market Size, Share & Trends Analysis Report By Service Type (E-Hailing, Car Rental, Car Sharing), By Vehicle Type (Four Wheeler, Micro Mobility), And Segment Forecasts, 2018 – 2025

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company headquartered in San Francisco, which offers syndicated research reports, customized research reports, and consulting services. The company’s rich database includes in-depth analysis across a range of industries including chemicals, materials, energy, healthcare, and technology, among others.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/ride-sharing-market


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