Global Ride-hailing Market 2025-2035
Description
Ride-hailing Market Size, Share & Trends Analysis Report by Service Type (E-hailing, Car Rental, Car Sharing, and Station-based Mobility), by Vehicle Type (Two-wheeler, Three-wheeler, Four-wheeler, and Others), by Location (Urban, and Rural), and by End-User (Institutional, and Personal) Forecast Period (2025-2035)
Industry Overview
Ride-hailing market was estimated at $52 billion in 2024 and is projected to grow to $76 billion with a CAGR of 3.5% during the forecast period (2025–2035). The ride-hailing market is primarily driven by the increasing demand led by growing tensions between nations. Countries such as China, India, the US, and Russia are increasingly relying on ride-hailing solutions for safety and security needs. These ride-hailing services provide necessary protection for personnel, gear, and freight, making them essential for defense, law and order, as well as security operations. The demand has increased further due to the challenges in dense urban areas, where terrorism, unrest, and other threats usually occur. Ride-hailing vehicles play a significant role in crowd control, protecting critical infrastructure, safeguarding officers, supporting rescue missions, and responding to insurgencies. As urbanization continues to increase, the importance of ride-hailing in maintaining safety and public order becomes even more important around the globe.
Market Dynamics
Growing Adoption of Innovative Technologies
The growing adoption of advanced technologies is playing a major role in fueling expansion in the ride-hailing market by boosting operational effectiveness and customer experience. Widespread usage of smartphones has enabled easy-to-use apps that enable passengers to easily book rides, monitor vehicles in real time using GPS, and make easy payments using digital wallets, minimizing cash transactions and providing convenience. While on the back-end side, ride-hailing platforms are using artificial intelligence and machine learning to process multiple demand patterns, optimize the driver assignment, enhance coverage, and minimize wait times. Dynamic pricing systems also facilitate efficient supply-demand balancing during peak hours. Moreover, the incorporation of autonomous vehicle (AV) technology is also turning out to be a prominent trend.
Shared rides are gaining popularity in the four-wheeler segment as they are an affordable and environmentally friendly mode of travel, particularly in cities. Travelers derive an advantage through lower fares by sharing their journey with other commuters traveling on the same route, which simultaneously ensures reduced traffic congestion and environmental impact. For instance, a Chicago study pointed out that ride-splitting efficiently enhances vehicle occupancy and reduces both emissions and travel expenses. Some ride-hailing services are increasing shared ride availability in new markets. Uber reported that the suburbs now represent 20% of its rides and is encouraging planned shared rides with features such as Uber Reserve. Similarly, Lyft is expanding in mid-size U.S. cities like Indianapolis, where rides jumped by 37% in early 2025. In India, businesses like Rapido have also launched affordable shared taxi services to airports, making shared mobility even more accessible and appealing to daily commuters.
Regional Outlook
The global ride-hailing market is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
North America to Dominate the Global Ride-hailing Market
North America remains to leader of the global ride-hailing market. The region's leadership is primarily fueled by the large and mature U.S. market, and it is home to industry giants Uber and Lyft. They have enjoyed and first-mover benefit, which has helped them establish a strong market position over the last decade. High mobile penetration and widespread use of the internet also contribute to market expansion, as the majority of citizens in the U.S. and Canada use mobile devices to access ride-hailing services. Furthermore, the region's willingness to adapt to new technologies and highly developed last-mile connectivity has increased the reliability and convenience of ride-hailing services.
Asia-Pacific is anticipated to grow fastest during the forecast period owing to the increasing geopolitical tension between countries such as China, India, Australia, South Korea, Japan, Singapore, and others. These countries are investing significantly in the procurement of new ride-hailing services to increase border security and replace an aging fleet that has been in operation for several decades. For instance, in March 2021, the Indian Ministry of Defense granted Mahindra Defence Systems (MDS) an agreement worth $146 million to supply Light Specialist Vehicles (LSVs). Moreover, around the same time, in March 2021, Japan’s Acquisition, Technology & Logistics Agency (ATLA) introduced a plan to replace the Light Armoured Vehicles (LAV), raising concerns about lower cabin space and high emissions.
Market Players Outlook
The major companies operating in the global ride-hailing market include Bolt Technology OÜ, Didi Chuxing Technology Co. (Beijing Xiaoju Technology Co., Ltd.), Grab Holdings Ltd., Lyft Inc., and Uber Technologies Inc., among others. Several market players are leveraging collaborations, partnerships, mergers, and acquisition strategies for their business expansion and working on many innovative product developments to maintain their market positioning.
Recent Developments
Industry Overview
Ride-hailing market was estimated at $52 billion in 2024 and is projected to grow to $76 billion with a CAGR of 3.5% during the forecast period (2025–2035). The ride-hailing market is primarily driven by the increasing demand led by growing tensions between nations. Countries such as China, India, the US, and Russia are increasingly relying on ride-hailing solutions for safety and security needs. These ride-hailing services provide necessary protection for personnel, gear, and freight, making them essential for defense, law and order, as well as security operations. The demand has increased further due to the challenges in dense urban areas, where terrorism, unrest, and other threats usually occur. Ride-hailing vehicles play a significant role in crowd control, protecting critical infrastructure, safeguarding officers, supporting rescue missions, and responding to insurgencies. As urbanization continues to increase, the importance of ride-hailing in maintaining safety and public order becomes even more important around the globe.
Market Dynamics
Growing Adoption of Innovative Technologies
The growing adoption of advanced technologies is playing a major role in fueling expansion in the ride-hailing market by boosting operational effectiveness and customer experience. Widespread usage of smartphones has enabled easy-to-use apps that enable passengers to easily book rides, monitor vehicles in real time using GPS, and make easy payments using digital wallets, minimizing cash transactions and providing convenience. While on the back-end side, ride-hailing platforms are using artificial intelligence and machine learning to process multiple demand patterns, optimize the driver assignment, enhance coverage, and minimize wait times. Dynamic pricing systems also facilitate efficient supply-demand balancing during peak hours. Moreover, the incorporation of autonomous vehicle (AV) technology is also turning out to be a prominent trend.
- WeRide, a Chinese AV company, partnered with Uber to launch robotaxis in 15 European and Middle Eastern cities, while improving safety and exposure to varied driving conditions. Such partnerships witness the shift of the industry toward automated, intelligent, and sustainable mobility solutions. Together, these innovations are transforming urban transportation patterns and speeding up the growth of the global ride-hailing market.
- Based on the service type, the market is segmented into e-hailing, car rental, car sharing, and station-based mobility.
- Based on the vehicle type, the market is segmented into two-wheeler, three-wheeler, four-wheeler, and others.
- Based on the location, the market is segmented into urban and rural.
- Based on the end-user, the market is segmented into institutional and personal.
Shared rides are gaining popularity in the four-wheeler segment as they are an affordable and environmentally friendly mode of travel, particularly in cities. Travelers derive an advantage through lower fares by sharing their journey with other commuters traveling on the same route, which simultaneously ensures reduced traffic congestion and environmental impact. For instance, a Chicago study pointed out that ride-splitting efficiently enhances vehicle occupancy and reduces both emissions and travel expenses. Some ride-hailing services are increasing shared ride availability in new markets. Uber reported that the suburbs now represent 20% of its rides and is encouraging planned shared rides with features such as Uber Reserve. Similarly, Lyft is expanding in mid-size U.S. cities like Indianapolis, where rides jumped by 37% in early 2025. In India, businesses like Rapido have also launched affordable shared taxi services to airports, making shared mobility even more accessible and appealing to daily commuters.
Regional Outlook
The global ride-hailing market is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
North America to Dominate the Global Ride-hailing Market
North America remains to leader of the global ride-hailing market. The region's leadership is primarily fueled by the large and mature U.S. market, and it is home to industry giants Uber and Lyft. They have enjoyed and first-mover benefit, which has helped them establish a strong market position over the last decade. High mobile penetration and widespread use of the internet also contribute to market expansion, as the majority of citizens in the U.S. and Canada use mobile devices to access ride-hailing services. Furthermore, the region's willingness to adapt to new technologies and highly developed last-mile connectivity has increased the reliability and convenience of ride-hailing services.
- In April 2025, Uber collaborated with Volkswagen to launch a commercial robotaxi service in several U.S. cities within the next ten years. The service will have an autonomous electric VW ID. BUZZ car, with Los Angeles as the initial launch city by the end of 2026.
Asia-Pacific is anticipated to grow fastest during the forecast period owing to the increasing geopolitical tension between countries such as China, India, Australia, South Korea, Japan, Singapore, and others. These countries are investing significantly in the procurement of new ride-hailing services to increase border security and replace an aging fleet that has been in operation for several decades. For instance, in March 2021, the Indian Ministry of Defense granted Mahindra Defence Systems (MDS) an agreement worth $146 million to supply Light Specialist Vehicles (LSVs). Moreover, around the same time, in March 2021, Japan’s Acquisition, Technology & Logistics Agency (ATLA) introduced a plan to replace the Light Armoured Vehicles (LAV), raising concerns about lower cabin space and high emissions.
Market Players Outlook
The major companies operating in the global ride-hailing market include Bolt Technology OÜ, Didi Chuxing Technology Co. (Beijing Xiaoju Technology Co., Ltd.), Grab Holdings Ltd., Lyft Inc., and Uber Technologies Inc., among others. Several market players are leveraging collaborations, partnerships, mergers, and acquisition strategies for their business expansion and working on many innovative product developments to maintain their market positioning.
Recent Developments
- In May 2025, Baidu introduced its driverless ride-hailing service, Apollo Go, in Europe for the first time. The company plans to establish a local entity in Switzerland in the coming months and aims to begin testing the technology by the end of this year.
- In April 2025, Rapido announced its entry into the food delivery market by July. Targeting competition from Swiggy and Zomato, the company is considering Delhi-NCR and Bengaluru as pilot markets and plans to differentiate itself through lower restaurant commissions and subscription-based pricing models.
- In February 2025, Tesla revealed plans to seek approval to offer ride-hailing services in California, marking a significant step for the company to carry paying passengers and placing it in direct competition with established players such as Uber and Waymo in the autonomous ride-hailing market.
- Market value data analysis of 2024 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global ride-hailing market. Based on the availability of data, information related to new products and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
Table of Contents
183 Pages
- 1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Global Ride-hailing Market Sales Analysis – Service Type | Vehicle Type | Location | End-user ($ Million)
- Ride-hailing Market Sales Performance of Top Countries
- 1.1. Research Methodology
- Primary Research Approach
- Secondary Research Approach
- 1.2. Market Snapshot
- 2. Market Overview and Insights
- 2.1. Scope of the Study
- 2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Ride-hailing Market Trends
- 2.2.2. Market Recommendations
- 3. Market Determinants
- 3.1. Market Drivers
- 3.1.1. Drivers For Global Ride-hailing Market: Impact Analysis
- 3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Global Ride-hailing Market: Impact Analysis
- 3.3. Market Opportunities
- 3.3.1. Opportunities For Global Ride-hailing Market: Impact Analysis
- 4. Competitive Landscape
- 4.1. Competitive Dashboard – Ride-hailing Market Revenue and Share by Manufacturers
- Ride-hailing Product Comparison Analysis
- Top Market Player Ranking Matrix
- 4.2. Key Company Analysis
- 4.2.1. Bolt Technology OÜ
- 4.2.1.1. Overview
- 4.2.1.2. Product Portfolio
- 4.2.1.3. Financial Analysis (Subject to Data Availability)
- 4.2.1.4. SWOT Analysis
- 4.2.1.5. Business Strategy
- 4.2.2. Didi Chuxing Technology Co. (Beijing Xiaoju Technology Co, Ltd.)
- 4.2.2.1. Overview
- 4.2.2.2. Product Portfolio
- 4.2.2.3. Financial Analysis (Subject to Data Availability)
- 4.2.2.4. SWOT Analysis
- 4.2.2.5. Business Strategy
- 4.2.3. Grab Holdings Ltd.
- 4.2.3.1. Overview
- 4.2.3.2. Product Portfolio
- 4.2.3.3. Financial Analysis (Subject to Data Availability)
- 4.2.3.4. SWOT Analysis
- 4.2.3.5. Business Strategy
- 4.2.4. Lyft, Inc.
- 4.2.4.1. Overview
- 4.2.4.2. Product Portfolio
- 4.2.4.3. Financial Analysis (Subject to Data Availability)
- 4.2.4.4. SWOT Analysis
- 4.2.4.5. Business Strategy
- 4.2.5. Uber Technologies, Inc.
- 4.2.5.1. Overview
- 4.2.5.2. Product Portfolio
- 4.2.5.3. Financial Analysis (Subject to Data Availability)
- 4.2.5.4. SWOT Analysis
- 4.2.5.5. Business Strategy
- 4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration
- 5. Global Ride-hailing Market Sales Analysis by Service Type ($ Million)
- 5.1. E-hailing
- 5.2. Car Rental
- 5.3. Car Sharing
- 5.4. Station-based Mobility
- 6. Global Ride-hailing Market Sales Analysis by Vehicle Type ($ Million)
- 6.1. Two-wheeler
- 6.2. Three-wheeler
- 6.3. Four-wheeler
- 6.4. Others
- 7. Global Ride-hailing Market Sales Analysis by Location ($ Million)
- 7.1. Urban
- 7.2. Rural
- 8. Global Ride-hailing Market Sales Analysis by End-User ($ Million)
- 8.1. Institutional
- 8.2. Personal
- 9. Regional Analysis
- 9.1. North American Ride-hailing Market Sales Analysis – Service Type | Vehicle Type | Location | End-User | Country ($ Million)
- Macroeconomic Factors for North America
- 9.1.1. United States
- 9.1.2. Canada
- 9.2. European Ride-hailing Market Sales Analysis – Service Type | Vehicle Type | Location | End-User | Country ($ Million)
- Macroeconomic Factors for Europe
- 9.2.1. UK
- 9.2.2. Germany
- 9.2.3. Italy
- 9.2.4. Spain
- 9.2.5. France
- 9.2.6. Russia
- 9.2.7. Rest of Europe
- 9.3. Asia-Pacific Ride-hailing Market Sales Analysis – Service Type | Vehicle Type | Location | End-User| Country ($ Million)
- Macroeconomic Factors for Asia-Pacific
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.3.4. India
- 9.3.5. Australia & New Zealand
- 9.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 9.3.7. Rest of Asia-Pacific
- 9.4. Rest of the World Ride-hailing Market Sales Analysis – Service Type | Vehicle Type | Location | End-User| Country ($ Million)
- Macroeconomic Factors for Rest of the World
- 9.4.1. Latin America
- 9.4.2. Middle East and Africa
- 10. Company Profiles
- 10.1. Aptiv Global Operations Ltd.
- 10.1.1. Quick Facts
- 10.1.2. Company Overview
- 10.1.3. Product Portfolio
- 10.1.4. Business Strategies
- 10.2. Arro, Inc.
- 10.2.1. Quick Facts
- 10.2.2. Company Overview
- 10.2.3. Product Portfolio
- 10.2.4. Business Strategies
- 10.3. BE Group
- 10.3.1. Quick Facts
- 10.3.2. Company Overview
- 10.3.3. Product Portfolio
- 10.3.4. Business Strategies
- 10.4. BlaBlaCar (Comuto SA)
- 10.4.1. Quick Facts
- 10.4.2. Company Overview
- 10.4.3. Product Portfolio
- 10.4.4. Business Strategies
- 10.5. Bolt Technology OÜ
- 10.5.1. Quick Facts
- 10.5.2. Company Overview
- 10.5.3. Product Portfolio
- 10.5.4. Business Strategies
- 10.6. Cabify España, S.L.
- 10.6.1. Quick Facts
- 10.6.2. Company Overview
- 10.6.3. Product Portfolio
- 10.6.4. Business Strategies
- 10.7. Careem Networks FZ LLC
- 10.7.1. Quick Facts
- 10.7.2. Company Overview
- 10.7.3. Product Portfolio
- 10.7.4. Business Strategies
- 10.8. Curb Mobility, LLC
- 10.8.1. Quick Facts
- 10.8.2. Company Overview
- 10.8.3. Product Portfolio
- 10.8.4. Business Strategies
- 10.9. Didi Chuxing Technology Co. (Beijing Xiaoju Technology Co, Ltd.)
- 10.9.1. Quick Facts
- 10.9.2. Company Overview
- 10.9.3. Product Portfolio
- 10.9.4. Business Strategies
- 10.10. FREE NOW Group
- 10.10.1. Quick Facts
- 10.10.2. Company Overview
- 10.10.3. Product Portfolio
- 10.10.4. Business Strategies
- 10.11. GT Gettaxi (UK) Ltd.
- 10.11.1. Quick Facts
- 10.11.2. Company Overview
- 10.11.3. Product Portfolio
- 10.11.4. Business Strategies
- 10.12. Grab Holdings Ltd.
- 10.12.1. Quick Facts
- 10.12.2. Company Overview
- 10.12.3. Product Portfolio
- 10.12.4. Business Strategies
- 10.13. Hitch Technologies, Inc.
- 10.13.1. Quick Facts
- 10.13.2. Company Overview
- 10.13.3. Product Portfolio
- 10.13.4. Business Strategies
- 10.14. inDrive (SUOL INNOVATIONS LTD)
- 10.14.1. Quick Facts
- 10.14.2. Company Overview
- 10.14.3. Product Portfolio
- 10.14.4. Business Strategies
- 10.15. Lyft, Inc.
- 10.15.1. Quick Facts
- 10.15.2. Company Overview
- 10.15.3. Product Portfolio
- 10.15.4. Business Strategies
- 10.16. Mega Cabs Ltd.
- 10.16.1. Quick Facts
- 10.16.2. Company Overview
- 10.16.3. Product Portfolio
- 10.16.4. Business Strategies
- 10.17. Ola Electric Mobility Pvt Ltd.
- 10.17.1. Quick Facts
- 10.17.2. Company Overview
- 10.17.3. Product Portfolio
- 10.17.4. Business Strategies
- 10.18. Savaari Car Rentals Pvt. Ltd.
- 10.18.1. Quick Facts
- 10.18.2. Company Overview
- 10.18.3. Product Portfolio
- 10.18.4. Business Strategies
- 10.19. Sixt Rent a Car, LLC
- 10.19.1. Quick Facts
- 10.19.2. Company Overview
- 10.19.3. Product Portfolio
- 10.19.4. Business Strategies
- 10.20. Swvl Holdings Corp.
- 10.20.1. Quick Facts
- 10.20.2. Company Overview
- 10.20.3. Product Portfolio
- 10.20.4. Business Strategies
- 10.21. Uber Technologies, Inc.
- 10.21.1. Quick Facts
- 10.21.2. Company Overview
- 10.21.3. Product Portfolio
- 10.21.4. Business Strategies
- 10.22. Via Transportation, Inc..
- 10.22.1. Quick Facts
- 10.22.2. Company Overview
- 10.22.3. Product Portfolio
- 10.22.4. Business Strategies
- 10.23. Xanh SM
- 10.23.1. Quick Facts
- 10.23.2. Company Overview
- 10.23.3. Product Portfolio
- 10.23.4. Business Strategies
- 10.24. YANDEX LLC
- 10.24.1. Quick Facts
- 10.24.2. Company Overview
- 10.24.3. Product Portfolio
- 10.24.4. Business Strategies
- 10.25. Zoomcar Ltd.
- 10.25.1. Quick Facts
- 10.25.2. Company Overview
- 10.25.3. Product Portfolio
- 10.25.4. Business Strategies
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