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Ride-Hailing Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global ride-hailing service market reached a value of US$ 145.21 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 260.34 Billion by 2027, exhibiting a CAGR of 9.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Ride-hailing refers to the process of booking customized rides online by customers via transportation network companies (TNCs). Ride-hailing services are convenient, cost-effective, safe for riders and help offer mobility to senior citizens as well as people with disabilities. They also display the license plate and model of the car to ensure that riders get into the right vehicle and can share the route with friends and family members.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Ride-Hailing Service Market Trends:

At present, there is a rise in the trend of on-demand transportation services due to flexible routing and ad-hoc scheduling of private automobiles. These automobiles allow passengers to have a personalized transportation experience by picking up and dropping off at their preferred locations. This, along with the growing number of employment opportunities offered by ride-hailing services, represents one of the key factors driving the market. Moreover, the rising employment of autonomous vehicles in ride-hailing services to reduce carbon dioxide (CO2) emissions in the environment are propelling the growth of the market. In addition, there is an increase in the utilization of mobility-as-a-service (MaaS) among individuals to reduce traffic congestion, road injuries, and the overall discomfort associated with traveling. This, coupled with the expanding user base of ride-hailing services around the world due to easy booking of vehicles and hassle-free payments as compared to conventional taxi services, is offering lucrative growth opportunities to key players. Besides this, several ride-hailing companies are raising funds from investors to enhance their technology and deliver better services to their clients. In line with this, governments of several countries are providing subsidies to drivers for encouraging them to take more bookings, which is bolstering the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ride-hailing service market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on vehicle type, service type, payment method, location type and end user.

Breakup by Vehicle Type:

  • Two-wheeler
  • Three-wheeler
  • Four-wheeler
  • Others
     

Breakup by Service Type:

 

 
 

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  • E-hailing
  • Car Sharing
  • Car Rental
  • Others
     

Breakup by Payment Method:

  • Cash
  • Online
     

Breakup by Location Type:

  • Urban
  • Rural
     

Breakup by End User:

  • Personal
  • Commercial
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aptiv PLC, Be Group JSC, BlaBlaCar, Bolt Technology OÜ, FREE NOW, Gett, Grab, InDriver, Lyft Inc., Ola Cabs, Ridecell Inc., TomTom N.V. and Uber Technologies Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Vehicle Type, Service Type, Payment Method, Location Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aptiv PLC, Be Group JSC, BlaBlaCar, Bolt Technology OÜ, FREE NOW, Gett, Grab, InDriver, Lyft Inc., Ola Cabs, Ridecell Inc., TomTom N.V. and Uber Technologies Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global ride-hailing service market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global ride-hailing service market?
  • What are the key regional markets?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the service type?
  • What is the breakup of the market based on the payment method?
  • What is the breakup of the market based on the location type?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global ride-hailing service market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Ride-Hailing Service Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Vehicle Type
    6.1    Two-wheeler
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Three-wheeler
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Four-wheeler
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Service Type
    7.1    E-hailing
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Car Sharing
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Car Rental
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Payment Method
    8.1    Cash
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Online
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Location Type
    9.1    Urban
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Rural
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by End User
    10.1    Personal
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Commercial
        10.2.1 Market Trends
        10.2.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Aptiv PLC
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
        16.3.2    Be Group JSC
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
        16.3.3    BlaBlaCar
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
        16.3.4    Bolt Technology OÜ
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
        16.3.5    FREE NOW
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
        16.3.6    Gett
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
        16.3.7    Grab
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
        16.3.8    InDriver
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
        16.3.9    Lyft Inc.
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
           16.3.9.3 Financials
           16.3.9.4 SWOT Analysis
        16.3.10    Ola Cabs
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
        16.3.11    Ridecell Inc.
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
        16.3.12    TomTom N.V.
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio
           16.3.12.3 Financials
           16.3.12.4 SWOT Analysis
        16.3.13    Uber Technologies Inc.
           16.3.13.1 Company Overview
           16.3.13.2 Product Portfolio
           16.3.13.3 Financials
           16.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Ride-Hailing Service Market: Major Drivers and Challenges
Figure 2: Global: Ride-Hailing Service Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Ride-Hailing Service Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Ride-Hailing Service Market: Breakup by Vehicle Type (in %), 2021
Figure 5: Global: Ride-Hailing Service Market: Breakup by Service Type (in %), 2021
Figure 6: Global: Ride-Hailing Service Market: Breakup by Payment Method (in %), 2021
Figure 7: Global: Ride-Hailing Service Market: Breakup by Location Type (in %), 2021
Figure 8: Global: Ride-Hailing Service Market: Breakup by End User (in %), 2021
Figure 9: Global: Ride-Hailing Service Market: Breakup by Region (in %), 2021
Figure 10: Global: Ride-Hailing Service (Two-wheeler) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Ride-Hailing Service (Two-wheeler) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Ride-Hailing Service (Three-wheeler) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Ride-Hailing Service (Three-wheeler) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Ride-Hailing Service (Four-wheeler) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Ride-Hailing Service (Four-wheeler) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Ride-Hailing Service (Other Vehicle Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Ride-Hailing Service (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Ride-Hailing Service (E-hailing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Ride-Hailing Service (E-hailing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Ride-Hailing Service (Car Sharing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Ride-Hailing Service (Car Sharing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Ride-Hailing Service (Car Rental) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Ride-Hailing Service (Car Rental) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Ride-Hailing Service (Other Service Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Ride-Hailing Service (Other Service Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Ride-Hailing Service (Cash) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Ride-Hailing Service (Cash) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Ride-Hailing Service (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Ride-Hailing Service (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Ride-Hailing Service (Urban) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Ride-Hailing Service (Urban) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Ride-Hailing Service (Rural) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Ride-Hailing Service (Rural) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Ride-Hailing Service (Personal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Ride-Hailing Service (Personal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Ride-Hailing Service (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Ride-Hailing Service (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: North America: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: North America: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: United States: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: United States: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Canada: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Canada: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Asia-Pacific: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Asia-Pacific: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: China: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: China: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Japan: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Japan: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: India: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: India: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: South Korea: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: South Korea: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Australia: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Australia: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Indonesia: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Indonesia: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Europe: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Europe: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Germany: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Germany: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: France: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: France: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: United Kingdom: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: United Kingdom: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Italy: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Italy: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Spain: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Spain: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Russia: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Russia: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Latin America: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Latin America: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Brazil: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Brazil: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Mexico: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Mexico: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Others: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Others: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Middle East and Africa: Ride-Hailing Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Middle East and Africa: Ride-Hailing Service Market: Breakup by Country (in %), 2021
Figure 86: Middle East and Africa: Ride-Hailing Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Global: Ride-Hailing Service Industry: SWOT Analysis
Figure 88: Global: Ride-Hailing Service Industry: Value Chain Analysis
Figure 89: Global: Ride-Hailing Service Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Ride-Hailing Service Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Ride-Hailing Service Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 3: Global: Ride-Hailing Service Market Forecast: Breakup by Service Type (in Million US$), 2022-2027
Table 4: Global: Ride-Hailing Service Market Forecast: Breakup by Payment Method (in Million US$), 2022-2027
Table 5: Global: Ride-Hailing Service Market Forecast: Breakup by Location Type (in Million US$), 2022-2027
Table 6: Global: Ride-Hailing Service Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 7: Global: Ride-Hailing Service Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Ride-Hailing Service Market: Competitive Structure
Table 9: Global: Ride-Hailing Service Market: Key Players


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