Top 13 Ride-Hailing Service Companies in the World

The global ride-hailing service market size reached US$ 176.6 Billion in 2023. As per the analysis by IMARC Group, the top ride-hailing service companies are focusing on improving transportation by making it more efficient, convenient, and economical. They are also offering faster, on-demand ride-hailing and car sharing services to attract more travelers and commuters looking for comfortable and environment-friendly rides. Besides this, the leading service providers are increasing their efforts toward service innovations and diversifying their offerings to ensure maximum customer comfort. They are also launching user-friendly, intuitive, and engaging mobile applications to facilitate easy booking of rides and hassle-free payments. These apps deliver personalized transportation experiences by efficiently managing flexible routing and ad-hoc scheduling of private vehicles. In addition, several key players are adopting autonomous and self-driving cars to offer ride-hailing services at reduced prices. They are also raising funds from investors to enhance their technology and provide better services to their customers. Furthermore, the advent of mobility-as-a-service (MaaS), the emerging trend of app-based travel owing to rising internet and smartphone penetration rates, and technological advancements are some of the other factors propelling the market growth. Looking forward, IMARC Group expects the market to reach US$ 366.4 Billion by 2032, exhibiting a growth rate (CAGR) of 8.3% during 2024-2032.

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List of Top Companies Operating in the Ride-Hailing Service Industry:

The global ride-hailing service market has several major players, including Aptiv PLC, Be Group JSC, BlaBlaCar, Bolt Technology OÜ, FREE NOW, Gett, Grab, InDriver, Lyft Inc., Ola Cabs, Ridecell Inc., TomTom N.V., Uber Technologies Inc, etc. More information about these companies has been provided below.

1. Aptiv PLC

Aptiv PLC is a global technology leader that develops safer, greener, and more connected mobility solutions. It offers electrical, electronic, and safety technology solutions, serving the automotive and commercial vehicle markets. It is currently focused on addressing the toughest mobility challenges and providing market-relevant solutions to customers. It was the first company to deploy commercial, autonomous ride-hailing services based in Las Vegas. As an autonomous leader, the company continues to develop and commercialize driverless vehicles and systems through Motional, its joint venture with Hyundai. With a presence in 48 countries, Aptiv employs over 200,000 people across 131 manufacturing facilities and 11 major technical centers worldwide.

2. Be Group JSC 

Be Group JSC is a ride-hailing company aimed at building an advanced and digital transportation society in Vietnam. It primarily operates in consumer and corporates segments, offering a range of transport, delivery, ads, and smart management systems for individuals and businesses. The company provides transportation services via beBike, beCar, and beTaxi across numerous provinces and cities nationwide. 

3. BlaBlaCar

BlaBlaCar is the leading global community-based travel network and carpooling app that allows users to find and book rides between various destinations and routes at low prices. Its platform connects individuals looking to travel long distances with drivers heading the same way, enabling them to travel together and share costs. Moreover, the company’s environmentally- and human-friendly mobility network helps save over 1.6M tons of CO2 and facilitates around 120M human connections every year. At present, the company serves more than 100 million members, allowing them to share a ride across 22 markets. 

4. Bolt Technology OÜ

Bolt Technology OÜ is the first European all-in-one mobility app and one of the fastest-growing ride-hailing companies in the world. It provides a variety of mobility services, including ride-hailing, short-term car and micro-mobility rental, shared e-bikes and scooters, and food and grocery delivery. The company serves over 100 million customers in more than 500 cities across 45 countries globally while supporting around 3 million drivers worldwide.

5. FREE NOW

FREE NOW is a leading mobility service provider and travel app that allows users to book e-bikes, e-scooters, taxis, and private cars. As Europe’s largest taxi fleet, the company is backed by the BMW Group and Mercedes-Benz Mobility. It provides a wide range of mobility services within a single app, including taxis, Ride (PHV), Car sharing, eScooters, eBikes and eMopeds, and public transport in over nine markets and 150 cities across Europe.

6. Gett

Gett is the leading ride management platform for professionals on the go. It lets businesses book and manage rides for their teams with thousands of different taxis, executive cars, and more on a single app. It offers a broad range of on-demand transportation solutions, such as corporate fleets, ride-hailing services, taxis, and limousines. The company has become a category leader in corporate ground travel, dedicated to solving the most complex and real-life urban transportation problems.

7. Grab

Grab is a leading super app in Southeast Asia with a suite of services comprising deliveries, mobility, financial services, enterprise, and others. It mainly serves the consumer, driver, merchant, and enterprise segments. The company connects millions of passengers with private hire, taxi, and coach drivers, allowing passengers to book everyday, premium, kid-friendly, and value-added rides. 

8. InDrive

InDrive is a leading global IT and transportation platform offering services in over 614 cities in 47 countries throughout the world. It is also one of the world’s fastest-growing online ride-hailing services, with more than 175 million app downloads. Besides this, the company provides other services, such as intercity transportation, freight and cargo services, and delivery services.

9. Lyft Inc.

Lyft Inc. offers on-demand ride-hailing services in the United States and Canada. The company operates multimodal transportation networks providing riders with on-demand access to numerous mobility options. It also gives access to centralized tools, autonomous vehicles, and enterprise transportation solutions. Committed to bringing positive change for cities, Lyft promotes transportation equity through shared rides, bike share systems, electric scooters, and public transit partnerships, offsetting carbon emissions from all rides.

10. Ola Cabs

Ola Cabs is India’s leading mobility platform and one of the world’s largest ride-hailing companies offering on-demand cab and taxi booking services at low prices. It delivers mobility solutions by connecting passengers to drivers and a diverse range of vehicles, including bikes, auto-rickshaws, metered taxis, and cabs. Presently, the ride-sharing company serves over 250 cities across India, Australia, New Zealand, and the UK.

11. Ridecell Inc. 

Ridecell Inc. is a global fleet automation solution provider and a leader in the digital transformation of fleet-driven businesses and operations. Its Fleet Automation and Mobility solutions modernize and monetize fleets by integrating data insights with digital vehicle control to automate workflows, resulting in unparalleled efficiency and control for shared services, motor pools, rental, and logistic fleets. The company develops technologies and solutions that optimize fleets and shared mobility, powering some of the most successful fleet businesses in Europe and North America, including Arval, GIG Car Share from AAA, and KINTO by Toyota Sweden.

12. TomTom N.V. 

TomTom N.V. is a leading independent location, navigation, and map technology specialist. It offers advanced geolocation technology solutions for ride-hailing apps, delivery services, in-vehicle navigation systems, and other services that rely on maps or location data. The company mainly serves developers, drivers, businesses, and governments worldwide.

13. Uber Technologies Inc. 

 
Uber Technologies Inc. is a multinational technology company that develops and maintains multisided platforms to match customers looking for rides with independent providers of ride services and with other transportation modes, such as public transit, bikes, and scooters. In addition to ride-hailing service, the company’s product offerings include on-demand food delivery, Uber Freight, and Uber for Business. The platform connects consumers and restaurants, grocers, and other merchants to facilitate buying and selling of meals, groceries, and other items, then matches them with independent delivery service providers. Besides this, it connects shippers and carriers in the freight industry. Currently, Uber has an extensive global presence, helping people connect and move in more than 70 countries worldwide.

Get an inside look at the global ride-hailing service market with exclusive insights, including:

• CAGR projections during the 2023-2028 forecast period
• In-depth information on the factors that will fuel the ride-hailing service market growth in the next five years
• Precise predictions regarding upcoming trends and potential changes in consumer behavior
• Analysis of the ride-hailing service industry's expansion at the global level.
• A thorough review of the market's competitive landscape and detailed information on key players
• Detailed explanations of the challenges that could impede the growth of the ride-hailing service market.

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