What is Ridesharing Services?
Online ride-sharing business, a kind of smart mobility, is also gaining traction and this will further offer impetus to the expansion of the ride-sharing market over the ensuing years. Today, nearly 70.1% of the ridesharing sector is still unexplored globally. Citing an instance, Uber, a U.S.-based firm offering ride-sharing services, contributed only 28.8% of the U.S. ride-sharing market in the first half of 2017. In October 2016, car sharing was operating globally in 2,095 cities across 46 different countries, serving 15 million passengers with nearly 157,000 vehicles. This represents a 76% increase in users (passengers) and a 23% increase in vehicles since 2014. Asia accounts for 58% of car-sharing members and 43% of the shared car fleet. The growing shared mobility ecosystem has the potential to create new jobs as the mobility system shifts from product-centric to service-centric. The number of passengers opting for car-sharing has increased from 81,000 to 87 lakhs between 2010 and 2016 and the number of vehicles on this platform has grown from 4,315 to 67,32930.
The market study is broken down by Type (E-hailing, Car sharing, Car rental and Station-based mobility) and major geographies with country level break-up. According to AMA, the Global Ridesharing Services market is expected to see growth rate of 19.87%
Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Ridesharing Services market throughout the predicted period.
Uber (United States), Lyft (United States), DiDi (China), Grab (Singapore), Gett (Israel), Ola (India), BlaBlaCar (France), Lime (United States), Herts (United States) and Car2go (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Conduent (United States), DriveNow (Germany), Faxi (United Kingdom), Moovel (Germany), Skeddadle (United States), Whim (Finland), Zipcar (United States) and Twogo (Belgium).
AdvanceMarketAnalytics has segmented the market of Global Ridesharing Services market by Type, Application and Region.
On the basis of geography, the market of Ridesharing Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Autonomy Level, the sub-segment i.e. Manual will boost the Ridesharing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Data Service, the sub-segment i.e. Information service will boost the Ridesharing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. ICE (internal combustion engine) vehicle will boost the Ridesharing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Business Type, the sub-segment i.e. P2P will boost the Ridesharing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Membership Type, the sub-segment i.e. Fixed Ridesharing will boost the Ridesharing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
April 2020 - In response to the COVID-19 crisis, Sevenoaks bus services operated by Go Coach, will temporarily be replaced by a new on-demand service. Branded Go2, the service will be bookable using a mobile app developed and powered by Via Transportation, operating like a shared taxi. This means that journeys will be made only when and where they are required.
March 2020 - Didi Chuxing announced that it would launch its value-for-money ridesharing services in Sydney, New South Wales. Currently, the Company operates across seven cities in four states, providing three services – DiDi Express, DiDi Share (carpooling), and DiDi Max (7-seater) to Australian communities. The launch in Sydney will start with DiDi Express and DiDi Max.
- Upsurging Demand due to Micro-Mobility
- Stringent Co2 Reduction Targets
- The Fuelling demand for Cost-Saving as well as Time-Saving Transportation
- Growing Smartphone and Internet Penetration
- High Adoption Among Millennials and Potential Generation Z
- Introduction of Autonomous Vehicles for Ride Sharing
- The Concern Related to Different Transport Policies from Different Countries
- COVID-19 is Expected to Pose a Significant Threat to the Market
Key Target AudienceSharing Cars Service Provider, Potential Investors, Transportation Industry, Government Bodies, Government and Private Research Center and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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