New York, According to a new market research report published by Global Insight Services “Ride Sharing Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Ride sharing market technology is a platform that allows people to share rides with others going in the same direction. The technology matches people with available seats in a vehicle with people who need a ride. The driver and passengers share the cost of the ride.
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Key Players
- ANI Technologies Pvt. Ltd. (OLA)
- Beijing Xiaoju Technology Co, Ltd.
- BlaBlaCar
- Cabify Espana S.L.U.
- Careem
- Gett
- GrabTaxi Holdings Pte. Ltd.
Key Trends and Drivers
First, the market is becoming increasingly competitive, with new players entering the space and existing players expanding their offerings. This is good news for consumers, as it means more options and better prices. However, it also means that companies need to differentiate themselves in order to stand out.
Second, the ride sharing market is becoming more global. While Uber and Lyft have been the dominant players in the US, other companies are making inroads in other countries. In China, for example, Didi Chuxing is the dominant player, while in India Ola is leading the way. This trend is likely to continue, as the ride sharing market is still in its early stages and there is plenty of room for growth.
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Market Segments
By Booking Type
- Online Booking
- Offline Booking
By Commute Type
- Intracity
- Intercity
By Vehicle Type
- Cars
- Motorcycles
- Others
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