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Global Ride Sharing Market By Data Service (Payment Service, Navigation, Others), By Service Type (E-Hailing, Car Sharing, Others), By Vehicle Type (ICE, EV, Others), By Car Type (P2P, Others), By Region, Forecast & Opportunities to 2026

The global ride sharing market accounted for a value of USD 44.0 billion in 2019 and is projected to register growth at a CAGR of 16.2% during forecast period.

COVID-19 has impacted ride sharing market significantly. In order to control the spread of corona virus, government across various countries imposed nationwide lockdown. The transportation is suspended and railway, roadways and airway are all closed due to travel restriction. The ride sharing market is adversely affected due to outbreak of COVID-19.

Definition:

Ride sharing can be defined as an arrangement in which passengers travel in private vehicle. Ride sharing is synonymous with carpooling and it the process in which a ride shares a vehicle with other riders. It is not personal transportation.

Market Dynamics (Drivers/Opportunities):

The need for personal mobility is increasing as the urbanization is increasing around the world. The car ownership is decreasing and the internet and smartphones penetration is increasing. The government has implemented the stringent norms for CO2 reduction. This increases the need for ride sharing and drives growth in ride sharing market during forecast period.

The use of public transport facilities are getting overcrowded including buses and subway. It causes high level of discomfort while travelling. This increases demand for comfortable and cost effective intercity transport. This increases the demand for ride sharing market during forecast period.

Market Insights, by Service Type

On the basis of service type, the ride sharing market is segmented into e-hailing, car sharing, car rental and station-based mobility. The station-based mobility is estimated to be fastest growing segment during forecast period. The station-based mobility is incentivizing by governments across various countries. The dedicated tracks are constructed in various countries for station to station mobility. The car sharing offers benefits of private vehicles without costs and this drives growth in station-based mobility segment during forecast period.

Market Insights, by Data Service

On the basis of data service, the ride sharing market is segmented into information service, payment service, navigation and others. The navigation segment is estimated to dominate the market during forecast period. The navigation helps drivers and passengers about location and route along with mapping and traffic data to provide better user experience. The use of navigation is widely increasing in ride sharing services. This increases number of ride sharing users and drives growth in navigation segment during forecast period.

Regional Insights

North America region is estimated to dominate the market during forecast period. The large number of market players is based in this region. This is region is considered to be one of the major investor and innovator in this market. The technologies are early adopted in this region. In North America region, instead of using taxi passengers prefers ride sharing services to reduce traffic, pollution and fuel use. This increases demand and adoption of ride sharing and drives growth in this region during forecast period.

Key Companies & Market Share Insights

The key players in ride sharing industry are Uber, Lyft, DiDi, Gett, Grab, Ola, Blablacar, Intel, Tomtom, Aptiv, Denso, Diamler, BMW, Bosch, Ford, Toyota, Goget and Easy Taxi.

Segments Covered in the Report

This report forecasts The Global Ride Sharing Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global ride sharing market report on the basis of data service, data type, car type and vehicle type.

Ride Sharing Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Vehicle Typers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Ride Sharing Market, By Data Service , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Information Service
  • Payment Service
  • Navigation
  • others
  1. Ride Sharing Market, By Service Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • E-Hailing
  • Car Sharing
  • Car Rental
  • Station-Based Mobility
  1. Ride Sharing Market, By Car Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • P2P Car Sharing
  • Corporate Car Sharing
  1. Ride Sharing Market, By Vehicle Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • ICE Vehicle
  • Electric Vehicle
  • CNG/LPG Vehicle
  • Macro Mobility Vehicle
  1. Ride Sharing Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Data Service
    • By Service Type
    • By Car Type
    • By Vehicle Type
    • By Country
      • USA
        • By Vehicle Type
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Data Service
      • By Service Type
      • By Car Type
      • By Vehicle Type
      • By Country
        • Brazil
          • By Vehicle Type
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Data Service
        • By Service Type
        • By Car Type
        • By Vehicle Type
        • By Country
          • UK
            • By Vehicle Type
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Data Service
          • By Service Type
          • By Car Type
          • By Vehicle Type
          • By Country
            • China
              • By Vehicle Type
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Data Service
            • By Service Type
            • By Car Type
            • By Vehicle Type
            • By Country
              • Saudi Arabia
                • By Vehicle Type
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Uber
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Lyft
    • DiDi
    • Gett
    • Grab
    • Ola
    • Blablacar
    • Intel
    • Tomtom
    • Aptiv
    • Denso
    • Diamler
    • BMW
    • Bosch
    • Ford
    • Toyota
    • Goget
    • Easy Taxi.
  2. Appendix
    • Interrelated Market

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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