Ride Hailing

Ride Hailing

Global Ride Hailing Services Market to Reach $81.8 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Ride Hailing Services estimated at US$43.8 Billion in the year 2020, is projected to reach a revised size of US$81.8 Billion by 2027, growing at a CAGR of 9.3% over the analysis period 2020-2027. E-Hailing, one of the segments analyzed in the report, is projected to record a 9.6% CAGR and reach US$41.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Car Sharing segment is readjusted to a revised 8.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $12.6 Billion, While China is Forecast to Grow at 8.6% CAGR

The Ride Hailing Services market in the U.S. is estimated at US$12.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.2 Billion by the year 2027 trailing a CAGR of 8.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 7.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.2% CAGR.

Car Rental Segment to Record 10.1% CAGR

In the global Car Rental segment, USA, Canada, Japan, China and Europe will drive the 10.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6 Billion in the year 2020 will reach a projected size of US$11.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 19 Featured) -

• Daimler AG
• Delphi Automotive PLC
• Denso Corporation
• Didi Chuxing
• Ford Motor Company
• General Motors Company
• Gett, Inc.
• Intel Corporation
• Lyft, Inc.
• Robert Bosch GmbH
• TomTom International BV
• Toyota Motor Corporation
• Uber Technologies Inc.

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