NJ New Jersey, USA -- (SBWIRE) -- 08/24/2023 -- The latest study released on the Global Ride Hailing Market by AMA Research evaluates market size, trend, and forecast to 2030. The Ride Hailing market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
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Key Players in This Report Include: DiDi Chuxing (China), Gett (Israel), Grab (Singapore), Lyft (United States), Uber Technologies (United States), Ola (India), BlaBlaCar (France), Lime (United States), Herts (United States).
Definition:Ride-hailing services are online platforms and apps which provides door-to-door services. The main function of ride-hailing services to connect passengers and local drivers using their own vehicles. The services of ride-hailing have increased in recent years due to the rise in trend of on-demand transportation services, an increase in employment opportunities, and the growing trend of mobility-as-a-service, among others. There are numerous benefits of using ride-hailing services for transportation such as saves time and money, less stress for passenger and driver, riders have more vehicle options, lower costs when compared to traditional taxi services, lower wait times, among others. According to AMA, the Global Ride Hailing market is expected to see growth rate of 17.55% and may see market size of USD76858.55 Million by 2026.
According to the International Transport Forum (ITF), "The ride-hailing model has specific characteristics that call into question significant elements of the rationale for traditional taxi regulation". Hence, it may acts as hamper for market growth.
Market Opportunities:
Growing Demand from Emerging Market such as China, India and Others
Development of Autonomous Vehicles for Ride Sharing
Market Trends:
An upsurge in Cost of Vehicle Ownership such as Rising Fuel Prices and Reduction in Car ownership among Millennials
Market Drivers:
Increasing Smartphone as well as Internet Penetration
Rising population and increasing urbanization across the world
The Global Ride Hailing Market segments and Market Data Break Down are illuminated below: by Type (E-hailing, Car Sharing {P2P, Corporate, others}, Station-Based, Car Rental), End User (Institutional, Personal), Vehicle Type (Passenger Cars, Commercial Vehicles {LCVs, HCVs}), Service (Navigation, Information, Payment, Others), Location (Urban, Rural)
Global Ride Hailing market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
-To carefully analyze and forecast the size of the Ride Hailing market by value and volume.
-To estimate the market shares of major segments of the Ride Hailing
-To showcase the development of the Ride Hailing market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Ride Hailing market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Ride Hailing
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Ride Hailing market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Ride Hailing Market Study Coverage:
It includes major manufacturers, emerging player's growth story, and major business segments of Ride Hailing market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
Ride Hailing Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
Ride Hailing Market Production by Region Ride Hailing Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Ride Hailing Market Report:
Ride Hailing Overview, Definition and Classification Market drivers and barriers
Ride Hailing Market Competition by Manufacturers
Ride Hailing Capacity, Production, Revenue (Value) by Region (2023-2028)
Ride Hailing Supply (Production), Consumption, Export, Import by Region (2023-2028)
Ride Hailing Production, Revenue (Value), Price Trend by Type {E-hailing, Car Sharing {P2P, Corporate, others}, Station-Based, Car Rental}
Ride Hailing Market Analysis by Application
Ride Hailing Manufacturers Profiles/Analysis Ride Hailing Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
How feasible is Ride Hailing market for long-term investment?
What are influencing factors driving the demand for Ride Hailing near future?
What is the impact analysis of various factors in the Global Ride Hailing market growth?
What are the recent trends in the regional market and how successful they are?
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