The Business Research Company’s Ride Hailing Market Report 2021: COVID-19 Growth And Change To 2030
LONDON, GREATER LONDON, UK, March 26, 2021 /EINPresswire.com/ — Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reports
The global ride hailing market size is expected grow from $42.25 billion in 2020 to $56.87 billion in 2021 at a compound annual growth rate (CAGR) of 34.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $108.15 billion in 2025 at a CAGR of 17%. The countries with ride-hailing market shares covered are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The ride-hailing market consists of revenue generated by ride-hailing used for passenger transportation service in which the passengers are connected with the vehicle drivers through a smartphone-based app. The industry comprises establishments primarily engaged in providing passenger transportation by automobile or van, not operated over regular routes and on regular schedules. Establishments of taxicab owners/operators, taxicab fleet operators, or taxicab organizations are included in this industry.
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The ride hailing market covered in this report is segmented by vehicle type into two-wheeler, three-wheeler, four-wheeler, others. The ride-hailing market is also segmented by end-user into commercial, personal and by service type into e-hailing, car sharing, station-based mobility, car rental.
Major players in the ride-hailing industry analysis report are Uber Technologies Inc., Grab, ANI Technologies Pvt. Ltd., Gett Inc., Lyft Inc., DiDi Chuxing, Delphi Automotive, Daimler AG., BlaBlaCar, and Didi Chuxing Technology Co.
Ride Hailing Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides ride hailing market overview, forecast ride hailing market size and growth for the whole market, ride hailing market segments, and geographies, ride hailing market trends, ride hailing market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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