Global Ridesharing Market (2021 Edition)

Page 1

RESEARCH

Global Ridesharing Market (2021 Edition) – Analysis By Business Model, Vehicle Type, By Region, By Country: Market Insights and Forecast with Impact of Covid-19 (2021-2026) • By Business Model – Peer to Peer (P2P), Business to Business (B2B), Business to Customer (B2C) • By Vehicle Type – ICE Vehicles, CNG/LPG Vehicles, Electric Vehicle • By Region – North America, Europe, Asia Pacific and LAMEA. • By Country – U.S, Canada, Germany, France, U.K., China, India, Brazil, Saudi Arabia and UAE.

July 2021


Scope of the Report – Global Ridesharing Market Global Market

Global Ridesharing Market

Peer to Peer (P2P)

By Business Model

Business to Business (B2B)

Business to Customer (B2C)

ICE Vehicles

By Vehicle Type

CNG/LPG Vehicles

Electric Vehicle

Historical Period 2016–2020

o o o o

Regional Analysis North America Europe APAC LAMEA

o o o o o o o o o o

Country Analysis United States Canada Germany France United Kingdom China India Brazil Saudi Arabia UAE Forecast Period 2021–2026

2


Table of Content S.No 1.

2.

Particulars Research Methodology and Executive Summary

Page No. 19

1.1

Research Methodology

19

1.2

Executive Summary

20

Strategic Recommendations

23

2.1

Focus on improving customer experiences

24

2.2

Focusing on adopting new technologies in ride business

25

3.

Global Ridesharing Market: Product Outlook

26

4.

Global Ridesharing Market: Sizing and Forecast

31

5.

4.1

Market Size, By Value, Year 2016-2026

32

4.2

Impact of COVID-19 on Global Ridesharing Market

34

Global Ridesharing Market Segmentation - By Business Model and By Vehicle Type 5.1

48

Competitive Scenario of Ridesharing Market: By Business Model

50

5.1.1

51

Peer to Peer (P2P) - Market Size and Forecast (2016-2026)

3


Table of Content S.No

Particulars

5.2

6.

7.

5.1.2

Business to Business(B2B)– Market Size and Forecast (2016-2026)

52

5.1.3

Business to Customer (B2C)– Market Size and Forecast (2016-2026)

53

Competitive Scenario of Ridesharing Market: by Vehicle Type

54

5.2.1

ICE Vehicle – Market Size and Forecast (2016-2026)

55

5.2.2

CNG/LPG Vehicle – Market Size and Forecast (2016-2026)

56

5.2.3

Electric Vehicle – Market Size and Forecast (2016-2026)

57

Global Ridesharing Market: Regional Analysis 6.1

Page No.

Competitive Scenario of Ridesharing Market: by Region

North America Ridesharing Market: Segmentation By Business Model and By Vehicle Type (2016-2026)

58 60 61

7.1

North America Ridesharing Market: Size and Forecast (2016-2026), by Value

62

7.2

North Americas Ridesharing Market– Prominent Companies

66

7.3

Market Segmentation By Business Model (Peer to Peer (P2P), Business to Business(B2B) and Business to Customer (B2C))

68

7.4

Market Segmentation By Vehicle Type (ICE Vehicles, CNG/LPG Vehicles and Electric Vehicle)

69

7.5

North America Ridesharing Market: Country Analysis

71

4


Table of Content S.No

8.

Particulars

Page No.

7.6

Market Opportunity Chart of North America Ridesharing Market - by Country, By Value, 2026

73

7.7

Competitive Scenario of North America Ridesharing Market : by Country

74

7.8

United States Ridesharing Market: Size and Forecast (2016-2026), By Value

75

7.9

United States Ridesharing Market Segmentation - By Business Model and By Vehicle Type

83

7.10

Canada Ridesharing Market: Size and Forecast (2016-2026), By Value

87

7.11

Canada Ridesharing Market Segmentation - By Business Model and By Vehicle Type

92

Europe Ridesharing Market: Segmentation By Business Model and By Vehicle Type (2016-2026)

96

8.1

Europe Ridesharing Market: Size and Forecast (2016-2026), By Value

97

8.2

Europe Ridesharing Market– Prominent Companies

102

8.3

Market Segmentation By Business Model (Peer to Peer (P2P), Business to Business(B2B) and Business to Customer (B2C))

104

8.4

Market Segmentation By Vehicle Type (ICE Vehicles, CNG/LPG Vehicles and Electric Vehicle)

105

8.5

Europe Ridesharing Market: Country Analysis

107

8.6

Market Opportunity Chart of Europe Ridesharing Market - By Country, By Value, 2026

109

8.7

Competitive Scenario of Europe Ridesharing Market : By Country

110

8.8

Germany Ridesharing Market: Size and Forecast (2016-2026), By Value

111

5


Table of Content S.No

Particulars 8.9

9.

Page No.

Germany Ridesharing Market Segmentation - By Business Model and By Vehicle Type

116

8.10

United Kingdom Ridesharing Market: Size and Forecast (2016-2026), By Value

119

8.11

United Kingdom Ridesharing Market Segmentation - By Business Model and By Vehicle Type

124

8.12

France Ridesharing Market: Size and Forecast (2016-2026), By Value

128

8.13

France Ridesharing Market Segmentation - By Business Model and By Vehicle Type

132

Asia Pacific Ridesharing Market: Segmentation By Business Model and By Vehicle Type (2016-2026)

136

9.1

Asia Pacific Ridesharing Market: Size and Forecast (2016-2026), By Value

137

9.2

Asia Pacific Ridesharing Market– Prominent Companies

143

9.3

Market Segmentation By Business Model (Peer to Peer (P2P), Business to Business(B2B) and Business to Customer (B2C))

145

9.4

Market Segmentation By Vehicle Type (ICE Vehicles, CNG/LPG Vehicles and Electric Vehicle)

146

9.5

Asia Pacific Ridesharing Market: Country Analysis

148

9.6

Market Opportunity Chart of Asia Pacific Ridesharing Market - by Country, By Value, 2026

150

9.7

Competitive Scenario of Asia Pacific Ridesharing Market : by Country

151

9.8

China Ridesharing Market: Size and Forecast (2016-2026), by Value

152

9.9

China Ridesharing Market Segmentation - By Business Model and By Vehicle Type

157

6


Table of Content S.No

10.

Particulars

Page No.

9.10

India Ridesharing Market: Size and Forecast (2016-2026), by Value

161

9.11

India Ridesharing Market Segmentation - By Business Model and By Vehicle Type

166

ROW Ridesharing Market: Segmentation By Business Model and By Vehicle Type (2016-2026)

170

10.1

ROW Ridesharing Market: Size and Forecast (2016-2026), By Value

171

10.2

ROW Ridesharing Market– Prominent Companies

177

10.3

Market Segmentation By Business Model (Peer to Peer (P2P), Business to Business(B2B) and Business to Customer (B2C))

179

10.4

Market Segmentation By Vehicle Type (ICE Vehicles, CNG/LPG Vehicles and Electric Vehicle)

180

10.5

ROW Ridesharing Market: Country Analysis

182

10.6

Market Opportunity Chart of ROW Ridesharing Market - by Country, By Value, 2026

184

10.7

Competitive Scenario of ROW Ridesharing Market : by Country

185

10.8

Brazil Ridesharing Market: Size and Forecast (2016-2026), by Value

186

10.9

Brazil Ridesharing Market Segmentation - By Business Model and By Vehicle Type

193

10.10

Saudi Arabia Ridesharing Market: Size and Forecast (2016-2026), by Value

197

10.11

Saudi Arabia Ridesharing Market Segmentation - By Business Model and By Vehicle Type

202

7


Table of Content S.No

11.

12.

13.

Particulars

Page No.

10.12

UAE Ridesharing Market: Size and Forecast (2016-2026), by Value

207

10.13

UAE Ridesharing Market Segmentation - By Business Model and By Vehicle Type

211

Global Ridesharing Market Dynamics

215

11.1

Drivers

216

11.2

Restraints

218

11.3

Trends

219

Market Attractiveness

221

12.1

Market Attractiveness Chart of Ridesharing Market - By Business Model, 2026

222

12.2

Market Attractiveness Chart of Ridesharing Market - By Vehicle Type, 2026

223

12.3

Market Attractiveness Chart of Ridesharing Market - by Region, 2026

224

Competitive Landscape

225

13.1

Mergers and Acquisitions

226

13.2

Market Share Analysis

230

8


Table of Content S.No 14.

15.

Particulars Company Analysis

Page No. 233

14.1

UBER Technologies Inc

234

14.2

Lyft

236

14.3

Gett

238

14.4

Grab

239

14.5

DiDi

241

14.6

Bolt

243

14.7

Via Transportation

244

14.8

Curb Mobility

245

14.9

Go Jek

246

14.10

Cabify

247

14.11

Ola Cabs

248

About Us

249

9


Overview Of Ridesharing Market

Growth rate of Ridesharing Market from 2021 to 2026 will be xx% in terms of CAGR

Among the Business Model segment, Business to Business (B2B) holds the major share in the market accounting for x% of global value in the year 2020.

ICE vehicle is the leading Vehicle Type segment in the year 2020 with the market share of xx% in the year 2020 globally due to the high adoption of ICE vehicles across globe.

Among the Vehicle Type segment, it is expected that Electric Vehicles will grow at rapid rate due to the rising adoption of sustainable transportation and also rising environment concerns across globe. The Adoption of EV in Ridesharing is low but in future it will rise drastically.

Global Ridesharing Market was valued at USD xx Billion in the year 2020.

APAC occupied the largest market share of xx% in the year 2020 on the back of rising urbanization and internet penetration in region.

10


Global Ridesharing Market Global Ridesharing Historical Market: Year 2016-2020 Global Ridesharing Market is expected to exhibit tremendous growth of xx% CAGR during 2021E-2026F registering a value to

30.11

reach USD xx Billion by 2026 multiple factors such as urbanization

26.72

24.84

and the popularity of the internet have played a part in the

18.11

21.01

industry’s growth.

2016

2017

2018

2019

2020

Global Ridesharing Market Forecast: Year 2021-2026 147.75

The market is driven by digitization and urbanization, the world

106.16

is moving rapidly towards technological progress. Internet of

77.82 58.18 34.19

Things and Industry 4.0 are integrating technologies, disrupting

44.24

traditional

sectors,

and

changing

consumer

experience

and

behavior along the way. 2021

2022

2023

2024

2025

2026

11


Global Ridesharing Market The market in Asia-Pacific is expected to register tremendous

APAC Ridesharing Market Forecast : Period Coverage - 2016 to 2026

growth in terms of CAGR over the forecast period, owing to the dense population and increasing urbanization in the countries like China, India, Indonesia, Singapore, Australia, Japan, South Korea, and others in the region.

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Global Ridesharing Market Forecast : Market Mix by Region, Year - 2026

North America

Europe

Asia-Pacific

LAMEA 5


Global Ridesharing Market Segmental Analysis – By Business Model Figure xx: Global Ridesharing Market, , By Business Model, 2020, 2026 Inner Pie: Segmental Analysis By Business Model, 2020 Outer Pie: Segmental Analysis By Business Model, 2026

B2B Ridesharing model is a variation of Ridesharing that differs from B2C in that it is not open to anyone who registers, but only to members of a specific company or community. Xx xx The Peer to Peer(P2P) model is newer and .. Xx Xx Xx x

Peer to Peer (P2P) Business to Business (B2B) Business to Customer (B2C)

13


Global Ridesharing Market Segmental Analysis – By Vehicle Type Figure xx: Global Ridesharing Market, By Vehicle Type, 2020, 2026 Inner Pie: Segmental Analysis By Vehicle Type, 2020

ICE Vehicles is one of the leading and largest type

Outer Pie: Segmental Analysis By Vehicle Type, 2026

of vehicle in Ridesharing market with share of xx% in the year 2020 and is estimated to reach xx% in 2026. As the number of ICE vehicles is very high as compared to others types of vehicles. Xx xx Electric Vehicles segment .. Xx Xx Xx xx

ICE Vehicles

CNG/LPG Vehicles

Electric Vehicle

1 4


Market Attractiveness Chart of Ridesharing Market – By Business Model, By Value CAGR (2021-2026)

Figure xx: Market Opportunity Chart of Ridesharing Market - By Business Model, By Value, 2026

Peer to Peer (P2P) Business to Business (B2B) Business to Customer (B2C)

Market Size (In USD Billion) for Year 2026 Business to Business (B2B) is the largest Ridesharing Market business model which is expected to witness .. Peer to Peer (P2P) is rapidly growing .. Xx Xx xx

15


Market Attractiveness Chart of Ridesharing Market – By Vehicle Type, By Value CAGR (2021-2026)

Figure xx: Market Opportunity Chart of Ridesharing Market - By Vehicle Type, By Value, 2026

ICE Vehicles

CNG/LPG Vehicles Electric Vehicle

Market Size (In USD Billion) for Year 2026

ICE Vehicle is the largest Ridesharing Market Vehicle Type .. Electric Vehicle is rapidly growing .. Xx xx

16


Market Attractiveness Chart of Ridesharing Market – By Region, By Value CAGR (2021-2026)

Figure 152: Market Attractiveness Chart of Ridesharing Market - By Region, By Value, 2026

North America

Europe

APAC

Rest of the World

Market Size (In USD Billion) for Year 2026 APAC has been estimated to be the largest market … Additionally, North America is expected to witness … Further, Europe is anticipated to witness growth at a CAGR .. Xx xx

17


Market Share Analysis

Player

Market Share

Revenue (USD Million) 2020

Uber

xx%

xx

Lyft

xx%

xx

DiDi

xx%

xx

Grab

xx%

xx

18


Market Share of Leading Global Companies Figure xx: Market Share of Leading Ridesharing companies, 2020 (In %)

Uber

Lyft

DiDi

Grab

Others

Source: Azoth Analytics Estimates The Ridesharing Market is growing rapidly owing to the rising demand for . Xx Ridesharing is a service that arranges one-way transportation on short notice. The biggest ridesharing companies are Uber, DiDi and Lyft. There are other leading companies operating .. Xx xx

19


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