Ride-Hailing Service Market Is Projected To Reach Of US$ 361.3 Billion By 2023

The Ride-Hailing Service Industry sales study offers a comprehensive analysis on diverse features including production capacities, Ride-Hailing Service demand, product developments, sales revenue generation and Ride-Hailing Service market outlook across the globe.

market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Ride-Hailing Service market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments

The global ride-hailing service market is expected to be worth US$ 109.3 billion in the fiscal year 2023, up from US$ 97 billion in the fiscal year 2022. From 2023 to 2033, the market is expected to grow at a 12.7% CAGR, reaching a value of US$ 361.3 billion by the end of 2033.

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The readability score of the Ride-Hailing Service market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.

The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.

This Ride-Hailing Service market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Ride-Hailing Service along with key stakeholders as well as emerging players associated with the manufacturing of product.

The Key trends Analysis of Extended Ride-Hailing Service market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period.

Key Companies Profiled

  • Arro
  • Capital EV
  • Curb
  • Didi Chuxing Technology Co.
  • Gett
  • GoGreen Cabs
  • Gojek
  • Hitch
  • Indriver
  • Lyft, Inc.
  • Meru cabs
  • Rapido bike taxi
  • Uber

Competitive Landscape

The global market is identified by the presence of a significant number of international corporations. The majority of these companies rely heavily on alliances, partnerships, and mergers and acquisitions.

Some of the significant innovations by key players are mentioned below :

  • Uber Technologies Inc. collaborated with EVgo in January 2021to offer EV charging special offers to drivers in over 800 cities across the United States.
  • Gett andCurb partnered up in April 2021 to boost post-pandemic business trips. The collaboration of the two companies will allow it to offer enterprise customers on its application limousine, local taxi, and ride-hailing services like Lyft.
  • Didi Chuxingintroduced Latin America’s 1st shared electric vehicle (EV) fleet through its application in Mexico in January 2020, as the firm starts to spend on sustainable transportation innovations in the region.

Key Segments Covered in the Ride-Hailing Service Market Report

  • By Vehicle Type :
    • Four Wheeler
    • Others (Two Wheeler, Three Wheeler)
  • By End User :
    • Personal
    • Business
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

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