Global Ride Hailing Services Market 2020-2024
Technavio has been monitoring the ride hailing services market and it is poised to grow by $ 47.03 bn during 2020-2024 progressing at a CAGR of 15% during the forecast period. Our reports on ride hailing services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the use of online on-demand transportation services, increasing smartphone and Internet penetration and rapid growth in urbanization. In addition, use of online on-demand transportation services is anticipated to boost the growth of the market as well.
The ride hailing services market analysis includes type segment and geographic landscapes
Technavio's ride hailing services market is segmented as below:
By Geographic Landscapes
- North America
- South America
This study identifies growing M&A activity and strategic alliances as one of the prime reasons driving the ride hailing services market growth during the next few years. Also, increasing investment in autonomous vehicles and rising adoption of electric vehicles will lead to sizable demand in the market.
"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our ride hailing services market covers the following areas:
- Ride hailing services market sizing
- Ride hailing services market forecast
- Ride hailing services market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ride hailing services market vendors that include Beijing Xiaoju Technology Co. Ltd., BMW AG, Carshare Australia Pty Ltd., Cityhop, Communauto Inc., Grab Holdings Inc., Lyft Inc., Orix Corp., Uber Technologies Inc., and Zipcar Inc.. Also, the ride hailing services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.