
Africa Ride Sharing Market Research Report Forecast to 2027
Description
Africa Ride Sharing Market Research Report Forecast to 2027
Market Overview
As per MRFR, the Africa ride sharing market has been growing at a significant rate from the past few years and is expected to reach USD 497.2 million by 2027, at a CAGR of 10.6% during the forecast period, 2021–2027.
In 2020, Egypt accounted for the largest market share of nearly 33.9%, owing to the factors such as an increase in human population, rise in traffic congestion, upliftment of economic activities, a surge in sales & manufacturing practices of automotive vehicles in the region, technological developments across telecom and smartphone industries, government initiatives to boost local production, among others are contributing towards the growth. Additionally, the region is predicted to continue rising owing to the significant presence of local vehicle assemblers such as GB Auto, General Motors Egypt/Mansour Automotive, Nissan, etc., during the forecast period. Meanwhile, in 2020, Ethiopia held the second-largest market share of around 21.4%, mainly due to the rising fuel prices. Further, this growth trend is followed by South Africa, Kenya, Tanzania, and Uganda, which stood at third, fourth, fifth, and sixth positions, respectively.
Ride sharing is the newest concept in the mobility market that has gained immense popularity in the field of car-sharing, car-hailing, and carpooling practices. The ride-sharing mechanism is an arrangement over a website, or a mobile application utilized by passengers/riders to travel in a private vehicle owned and operated for a certain fee. Many apps and platforms are being developed by players around the world in which a car/vehicle driver offers a ride to the passengers/riders who can avail of the offer as per the route and price defined by the driver.
The increase in fuel prices, lack of parking spaces, and rise of innovative transportation services are the key factors driving the market growth. However, changing the policies of transport in various countries is expected to be a major restraining factor for market growth. On the other hand, autonomous vehicles for ride sharing are expected to present lucrative opportunities for the market players during the forecast period.
Market Segmentation
The Africa ride sharing market has been segmented into type, vehicle type, business model, and country. Based on type, the ride-sharing market has been bifurcated into car sharing, e-hailing, car rental, and station-based mobility. Based on the vehicle type, the ride-sharing market has been segmented into ICE vehicles, CNG/LPG vehicles, and electric vehicles. Based on the business model, the market has been split into P2P, B2B, and B2C. Based on country, the market has been segmented into Ethiopia, South Africa, Egypt, Kenya, Tanzania, and Uganda.
Major Players
Uber Technologies Inc., Lyft Inc., Didi Chuxing Technology Co., Bolt, inDriver, Grab, Gett, Ola Cabs, M Car Egypt, and Halan Inc., are the major players in the market
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Companies Mentioned
Uber Technologies Inc.
Lyft Inc.
Didi Chuxing Technology Co.
Bolt
inDriver
Grab
Gett
Ola Cabs
M Car Egypt
and Halan Inc.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Market Overview
As per MRFR, the Africa ride sharing market has been growing at a significant rate from the past few years and is expected to reach USD 497.2 million by 2027, at a CAGR of 10.6% during the forecast period, 2021–2027.
In 2020, Egypt accounted for the largest market share of nearly 33.9%, owing to the factors such as an increase in human population, rise in traffic congestion, upliftment of economic activities, a surge in sales & manufacturing practices of automotive vehicles in the region, technological developments across telecom and smartphone industries, government initiatives to boost local production, among others are contributing towards the growth. Additionally, the region is predicted to continue rising owing to the significant presence of local vehicle assemblers such as GB Auto, General Motors Egypt/Mansour Automotive, Nissan, etc., during the forecast period. Meanwhile, in 2020, Ethiopia held the second-largest market share of around 21.4%, mainly due to the rising fuel prices. Further, this growth trend is followed by South Africa, Kenya, Tanzania, and Uganda, which stood at third, fourth, fifth, and sixth positions, respectively.
Ride sharing is the newest concept in the mobility market that has gained immense popularity in the field of car-sharing, car-hailing, and carpooling practices. The ride-sharing mechanism is an arrangement over a website, or a mobile application utilized by passengers/riders to travel in a private vehicle owned and operated for a certain fee. Many apps and platforms are being developed by players around the world in which a car/vehicle driver offers a ride to the passengers/riders who can avail of the offer as per the route and price defined by the driver.
The increase in fuel prices, lack of parking spaces, and rise of innovative transportation services are the key factors driving the market growth. However, changing the policies of transport in various countries is expected to be a major restraining factor for market growth. On the other hand, autonomous vehicles for ride sharing are expected to present lucrative opportunities for the market players during the forecast period.
Market Segmentation
The Africa ride sharing market has been segmented into type, vehicle type, business model, and country. Based on type, the ride-sharing market has been bifurcated into car sharing, e-hailing, car rental, and station-based mobility. Based on the vehicle type, the ride-sharing market has been segmented into ICE vehicles, CNG/LPG vehicles, and electric vehicles. Based on the business model, the market has been split into P2P, B2B, and B2C. Based on country, the market has been segmented into Ethiopia, South Africa, Egypt, Kenya, Tanzania, and Uganda.
Major Players
Uber Technologies Inc., Lyft Inc., Didi Chuxing Technology Co., Bolt, inDriver, Grab, Gett, Ola Cabs, M Car Egypt, and Halan Inc., are the major players in the market
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Companies Mentioned
Uber Technologies Inc.
Lyft Inc.
Didi Chuxing Technology Co.
Bolt
inDriver
Grab
Gett
Ola Cabs
M Car Egypt
and Halan Inc.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Table of Contents
76 Pages
- 1 Executive Summary
- 1.1 Market Attractiveness Analysis
- 2 Market Introduction
- 2.1 Definition
- 2.2 Scope Of The Study
- 2.3 Research Objective
- 2.4 Market Structure
- 3 Research Methodology
- 4 Market Dynamics
- 4.1 Introduction
- 4.2 Drivers
- 4.2.1 Increase In The Fuel Prices And Lack Of Parking Spaces
- 4.2.2 Rise Of Innovative Transportation Services
- 4.2.3 Drivers Impact Analysis
- 4.3 Restraints
- 4.3.1 Changing Policies Of Transport In Various Countries
- 4.3.2 Restraint Impact Analysis
- 4.4 Global Trends In Ride Sharing Industry
- 4.4.1 Product Offerings (New Product Offerings/Product Enhancements)
- 4.4.2 Technology
- 4.4.2.1 Purpose-built Vehicle
- 4.4.3 Others
- 4.4.3.1 Vehicle-as-a-service
- 4.5 Opportunities
- 4.5.1 Autonomous Vehicles For Ride Sharing
- 4.6 Covid-19 Impact Analysis
- 4.6.1 Economic Impact On Automotive Industry
- 4.6.2 Impact On The Ride Sharing Market
- 4.6.3 Impact On Overall Market Y-o-y From 2020-2027
- 5 Market Factor Analysis
- 5.1 Value Chain Analysis
- 5.1.1 Car Technology
- 5.1.2 Fleet Management
- 5.1.3 Urban Integration
- 5.1.4 Mobility Operation
- 5.1.5 Ux
- 5.2 Porter’s Five Forces Model
- 5.2.1 Threat Of New Entrants
- 5.2.2 Bargaining Power Of Suppliers
- 5.2.3 Threat Of Substitutes
- 5.2.4 Bargaining Power Of Buyers
- 5.2.5 Intensity Of Rivalry
- 6 Africa Ride Sharing Market, By Type
- 6.1 Overview
- 6.1.1 Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- 6.2 Car Sharing
- 6.3 E-hailing
- 6.4 Car Rental
- 6.5 Station-based Mobility
- 7 Africa Ride Sharing Market, By Vehicle Type
- 7.1 Overview
- 7.1.1 Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- 7.2 Ice Vehicle
- 7.3 Cng/Lpg Vehicle
- 7.4 Electric Vehicle
- 8 Africa Ride Sharing Market, By Business Model
- 8.1 Overview
- 8.1.1 Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- 8.2 P2p
- 8.3 B2b
- 8.4 B2c
- 9 Africa Ride Sharing Market, By Country
- 9.1 Overview
- 9.1.1 Africa Ride Sharing Market, By Country, 2018–2027 (Usd Million)
- 9.2 Egypt
- 9.2.1 Egypt: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- 9.2.2 Egypt: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- 9.2.3 Egypt: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- 9.3 Ethiopia
- 9.3.1 Ethiopia: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- 9.3.2 Ethiopia: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- 9.3.3 Ethiopia: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- 9.4 South Africa
- 9.4.1 South Africa: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- 9.4.2 South Africa: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- 9.4.3 South Africa: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- 9.5 Kenya
- 9.5.1 Kenya: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- 9.5.2 Kenya: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- 9.5.3 Kenya: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- 9.6 Tanzania
- 9.6.1 Tanzania: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- 9.6.2 Tanzania: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- 9.6.3 Tanzania: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- 9.7 Uganda
- 9.7.1 Uganda: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- 9.7.2 Uganda: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- 9.7.3 Uganda: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- 10 Competitive Landscape
- 10.1 Overview
- 10.2 Competitive Benchmarking
- 10.3 Market Share Analysis
- 10.4 Key Developments In The Ride Sharing Market
- 10.4.1 Product Launch
- 10.4.2 Partnership
- 11 Company Profiles
- 11.1 Uber Technologies Inc.
- 11.1.1 Company Overview
- 11.1.2 Financial Overview
- 11.1.3 Products Offered
- 11.1.4 Key Developments
- 11.1.5 Swot Analysis
- 11.1.6 Key Strategies
- 11.2 Lyft Inc.
- 11.2.1 Company Overview
- 11.2.2 Financial Overview
- 11.2.3 Products Offered
- 11.2.4 Key Developments
- 11.2.5 Swot Analysis
- 11.2.6 Key Strategies
- 11.3 Didi Chuxing Technology Co.
- 11.3.1 Company Overview
- 11.3.2 Financial Overview
- 11.3.3 Products Offered
- 11.3.4 Key Developments
- 11.4 Bolt Technology Oü
- 11.4.1 Company Overview
- 11.4.2 Financial Overview
- 11.4.3 Products Offered
- 11.4.4 Key Developments
- 11.4.5 Swot Analysis
- 11.4.6 Key Strategies
- 11.5 Indriver
- 11.5.1 Company Overview
- 11.5.2 Financial Overview
- 11.5.3 Products Offered
- 11.5.4 Key Developments
- 11.6 Grab
- 11.6.1 Company Overview
- 11.6.2 Financial Overview
- 11.6.3 Products Offered
- 11.6.4 Key Developments
- 11.6.5 Swot Analysis
- 11.6.6 Key Strategies
- 11.7 Gett
- 11.7.1 Company Overview
- 11.7.2 Financial Overview
- 11.7.3 Products Offered
- 11.7.4 Key Developments
- 11.8 Ola Cabs
- 11.8.1 Company Overview
- 11.8.2 Financial Overview
- 11.8.3 Products Offered
- 11.8.4 Key Developments
- 11.8.5 Swot Analysis
- 11.8.6 Key Strategies
- 11.9 M Car Egypt
- 11.9.1 Company Overview
- 11.9.2 Financial Overview
- 11.9.3 Products Offered
- 11.9.4 Key Developments
- 11.9.5 Swot Analysis
- 11.9.6 Key Strategies
- 11.10 Halan Inc.
- 11.10.1 Company Overview
- 11.10.2 Financial Overview
- 11.10.3 Products Offered
- 11.10.4 Key Developments
- List Of Tables
- Table 1 Market Synopsis
- Table 2 Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- Table 3 Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- Table 4 Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- Table 5 Africa Ride Sharing Market, By Country, 2018–2027 (Usd Million)
- Table 6 Egypt: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- Table 7 Egypt: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- Table 8 Egypt: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- Table 9 Ethiopia: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- Table 10 Ethiopia: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- Table 11 Ethiopia: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- Table 12 South Africa: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- Table 13 South Africa: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- Table 14 South Africa: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- Table 15 Kenya: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- Table 16 Kenya: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- Table 17 Kenya: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- Table 18 Tanzania: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- Table 19 Tanzania: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- Table 20 Tanzania: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- Table 21 Uganda: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- Table 22 Uganda: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- Table 23 Uganda: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- Table 24 Product Launch
- Table 25 Partnership
- Table 26 Uber Technologies Inc.: Products Offered
- Table 27 Uber Technologies Inc.: Key Developments
- Table 28 Lyft Inc.: Products Offered
- Table 29 Lyft Inc.: Key Developments
- Table 30 Didi Chuxing Technology Co.: Products Offered
- Table 31 Didi Chuxing Technology Co.: Key Developments
- Table 32 Bolt Technology Oü: Products Offered
- Table 33 Bolt Technology Oü: Key Developments
- Table 34 Indriver: Products Offered
- Table 35 Grab: Products Offered
- Table 36 Gett: Products Offered
- Table 37 Ola Cabs: Products Offered
- Table 38 Ola Cabs: Key Developments
- Table 39 M Car Egypt: Products Offered
- Table 40 M Car Egypt: Key Developments
- Table 41 Halan Inc.: Products Offered
- List Of Figures
- Figure 1 Market Attractiveness Analysis: Africa Ride Sharing Market
- Figure 2 Africa Ride Sharing Market: Market Structure
- Figure 3 Bottom-up And Top-down Approaches
- Figure 4 Market Dynamic Analysis Of The Africa Ride Sharing Market
- Figure 5 Average Price Of Petrol/Litre (Usd)
- Figure 6 Driver Impact Analysis
- Figure 7 Restraint Impact Analysis
- Figure 8 Value Chain: Africa Ride Sharing Market
- Figure 9 Porter’s Five Forces Analysis Of The Africa Ride Sharing Market
- Figure 10 Africa Ride Sharing Market, By Type, 2020 (% Share)
- Figure 11 Africa Ride Sharing Market, By Type, 2020 Vs 2027 (Usd Million)
- Figure 12 Africa Ride Sharing Market, By Vehicle Type, 2020 (% Share)
- Figure 13 Africa Ride Sharing Market, By Vehicle Type, 2020 Vs 2027 (Usd Million)
- Figure 14 Africa Ride Sharing Market, By Business Model, 2020 (% Share)
- Figure 15 Africa Ride Sharing Market, By Business Model, 2020 Vs 2027 (Usd Million)
- Figure 16 Africa Ride Sharing Market, By Country, 2020 (% Share)
- Figure 17 Africa Ride Sharing Market, By Country, 2020 Vs 2027 (Usd Million)
- Figure 18 Egypt: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- Figure 19 Egypt: Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- Figure 20 Egypt: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- Figure 21 Ethiopia: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- Figure 22 Ethiopia: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- Figure 23 Ethiopia: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- Figure 24 South Africa: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- Figure 25 South Africa: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- Figure 26 South Africa: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- Figure 27 Kenya: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- Figure 28 Kenya: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- Figure 29 Kenya: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- Figure 30 Tanzania: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- Figure 31 Tanzania: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- Figure 32 Tanzania: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- Figure 33 Uganda: Africa Ride Sharing Market, By Type, 2018–2027 (Usd Million)
- Figure 34 Uganda: Africa Ride Sharing Market, By Vehicle Type, 2018–2027 (Usd Million)
- Figure 35 Uganda: Africa Ride Sharing Market, By Business Model, 2018–2027 (Usd Million)
- Figure 36 Benchmarking Of Major Competitors
- Figure 37 Africa Ride Sharing Market: Market Share Analysis, 2020 (%)
- Figure 38 Uber Technologies Inc.: Financial Overview Snapshot
- Figure 39 Uber Technologies Inc.: Swot Analysis
- Figure 40 Lyft, Inc.: Financial Overview Snapshot
- Figure 41 Lyft Inc.: Swot Analysis
- Figure 42 Bolt Technology Oü: Swot Analysis
- Figure 43 Grab: Swot Analysis
- Figure 44 Ola Cabs: Swot Analysis
- Figure 45 M Car Egypt: Swot Analysis
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