Global Ride Sharing Market Growth (Status and Outlook) 2024-2030
Ride Sharing market size was valued at US$ 37330 million in 2023 and is estimated to reach US$ 138040 million by 2030 with a CAGR of 20.5% during review period.
If you purchase this report now and we update it in next 100 days, get it free!
According to Publisher’s latest study, the global Ride Sharing market size was valued at US$ 37330 million in 2023. With growing demand in downstream market, the Ride Sharing is forecast to a readjusted size of US$ 138040 million by 2030 with a CAGR of 20.5% during review period.
Market Overview
What's Inside a Bonafide Research`s industry report?
A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
The research report highlights the growth potential of the global Ride Sharing market. Ride Sharing are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Ride Sharing. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Ride Sharing market.
Ride sharing is the sharing of vehicles by passengers as a transportation alternative. Ride sharing is not exactly an on-demand service and requires a little planning. Ride sharing is primarily intended to reduce vehicle costs, traffic congestion, and automobile emissions. The necessary prerequisite for a person in order to avail the benefits of the ride sharing transportation service, is a smartphone app. Drivers of privately-owned cars partner up with a ridesharing company in order to provide rides to commuters.
Key Features:
Make this report your own
Have queries/questions regarding a report
Take advantage of intelligence tailored to your business objective
Manmayi Raval
Research Consultant
Market Drivers: Urbanization and Congestion: As cities around the world become more urbanized, traffic congestion rises. By lowering the number of cars on the road, ride-sharing services offer an effective way to relieve traffic and enhance urban mobility.
Technological Developments: The effectiveness and user experience of ride-sharing services have been improved by technological developments like GPS, AI, and IoT. Among the features that draw people to these services are dynamic pricing, route optimization, and real-time tracking.
Smartphone Penetration: A greater number of people may now use ride sharing thanks to the widespread use of smartphones and mobile internet. These services are becoming more and more popular because it's so simple to book a ride with smartphone apps.
Don’t pay for what you don’t need. Save 30%
Customise your report by selecting specific countries or regions
Environmental Concerns: The growth of ride sharing is being driven by growing awareness of environmental sustainability and the desire to minimize carbon footprints. By reducing the number of cars on the road, shared rides help to cut down on pollution and fuel use.
Economic Benefits: Ride-sharing gives drivers the chance to make money while giving passengers affordable transportation options. Many people looking for extra cash find ride sharing employment appealing due to their flexibility.
Challenges- Regulatory and Legal Issues: Businesses that provide ride sharing services frequently run into problems with licensing, labor laws, and safety regulations. For market participants, navigating these regulatory difficulties is essential.
Safety and Security Issues: It can be difficult to guarantee the security and safety of both drivers and passengers. Platforms for ride sharing must put strong safety measures in place, such as background checks and real-time monitoring.
Market Saturation: Ride-sharing services are subject to fierce rivalry in developed areas, which causes market saturation and downward pricing pressure. It might be hard to differentiate services while still being profitable.
Operational expenditures: Excessive expenditures associated with vehicle upkeep, driver incentives, and technological investments can have an adverse effect on profitability. Sustainable expansion requires effective cost control.
Environmental Impact: Although ride sharing lowers the number of automobiles on the road, there are still issues to be resolved about the cars' potential negative effects on the environment, especially with regard to energy and emissions.
Market Forecasts and Future Outlook: The market for ride-sharing is expected to increase rapidly between 2024 and 2030 worldwide. The main forces behind this trend are growing urbanization, technology improvements, and environmental sustainability issues. Sustained expansion will need addressing obstacles like safety concerns and regulatory constraints. There are plenty of chances in the market for new ideas, growth, and tactical alliances.
Opportunities: Entry into Emerging Markets: There is a lot of room for growth when entering emerging markets, where there is a rise in the number of people living in cities and the use of smartphones. Optimizing services for regional requirements and circumstances helps increase market share.
Integration with Public Transportation: By combining ride-sharing services with public transportation systems, seamless multimodal transportation solutions may be produced, which will increase urban mobility and lessen traffic.
Adoption of Electric Vehicles: Encouraging ride-sharing fleets to employ electric vehicles can improve sustainability and lessen their negative effects on the environment. This transformation is supported by the development of charging infrastructure and government incentives.
Novel Service Provisions: Creating novel service provisions, such on-demand shuttle services, last-mile connection options, and subscription-based models, can draw in new clientele and encourage industry expansion.
Partnerships and Collaborations: Working together with public transportation companies, local governments, and technology suppliers can improve ride sharing services' value proposition and foster synergies.
Market Segmentation:
Ride Sharing market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value. In terms of product, express car is the largest segment, with a share over 65%. And in terms of application, the largest application is age 25-34, followed by age 35-44.
1. Segmentation by type
• Express Car
• Special Car
• Pooling Car
2. Segmentation by application
• Age 18-24
• Age 25-34
• Age 35-44
• Age 45-54
• Age 55-64
This report also splits the market by region: North America: The US is a major contributor to the ride-sharing market in North America, which is now the largest. The region's market is growing because of high rates of urbanization, technological improvements, and supporting regulatory frameworks.
Europe: Because of the region's strict pollution laws and efforts to promote environmentally friendly transportation, the ride-sharing industry is expanding significantly in Europe. Key markets include nations like France, Germany, and the United Kingdom.
Asia-Pacific: Due to rising urbanization, smartphone penetration, and government programs promoting smart mobility, this region is predicted to grow at the highest rate. Significant development engines in this region include China and India.
Latin America: With nations like Brazil and Mexico driving demand, the region is progressively becoming a major market. The market is driven by the region's expanding urban population and transportation requirements.
Middle East and Africa: The region's continuous growth is being fueled by urbanization and the demand for effective transportation options. Market expansion is supported by government efforts and investments in smart city projects.
Asia Pacific is the largest market, with a share about 65%, followed by North America and Europe with the share about 18% and 12%.
1. Americas
• United States
• Canada
• Mexico
• Brazil
2. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
3. Europe
• Germany
• France
• UK
• Italy
• Russia
4. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape: Global core ride sharing manufacturers include DiDi, Uber etc.The top 1 company hold a share about 60%.
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
• DiDi
• Uber
• Lyft
• FREE NOW
• Meituan
• Grab
• Yandex
• Go-jek
• Dida Chuxing
• Ola Cabs
• BlaBlaCar
• Via
• Wingz
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Ride Sharing Market Size 2019-2030
2.1.2 Ride Sharing Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Ride Sharing Segment by Type
2.2.1 Express Car
2.2.2 Special Car
2.2.3 Pooling Car
2.3 Ride Sharing Market Size by Type
2.3.1 Ride Sharing Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Ride Sharing Market Size Market Share by Type (2019-2024)
2.4 Ride Sharing Segment by Application
2.4.1 Age 18-24
2.4.2 Age 25-34
2.4.3 Age 35-44
2.4.4 Age 45-54
2.4.5 Age 55-64
2.5 Ride Sharing Market Size by Application
2.5.1 Ride Sharing Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Ride Sharing Market Size Market Share by Application (2019-2024)
3 Ride Sharing Market Size by Player
3.1 Ride Sharing Market Size Market Share by Players
3.1.1 Global Ride Sharing Revenue by Players (2019-2024)
3.1.2 Global Ride Sharing Revenue Market Share by Players (2019-2024)
3.2 Global Ride Sharing Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Ride Sharing by Regions
4.1 Ride Sharing Market Size by Regions (2019-2024)
Table 1. Ride Sharing Market Size CAGR by Region (2019 VS 2023 VS 2030) & ($ Millions) Table 2. Major Players of Express Car Table 3. Major Players of Special Car Table 4. Major Players of Pooling Car Table 5. Ride Sharing Market Size CAGR by Type (2019 VS 2023 VS 2030) & ($ Millions) Table 6. Global Ride Sharing Market Size by Type (2019-2024) & ($ Millions) Table 7. Global Ride Sharing Market Size Market Share by Type (2019-2024) Table 8. Ride Sharing Market Size CAGR by Application (2019 VS 2023 VS 2030) & ($ Millions) Table 9. Global Ride Sharing Market Size by Application (2019-2024) & ($ Millions) Table 10. Global Ride Sharing Market Size Market Share by Application (2019-2024) Table 11. Global Ride Sharing Revenue by Players (2019-2024) & ($ Millions) Table 12. Global Ride Sharing Revenue Market Share by Player (2019-2024) Table 13. Ride Sharing Key Players Head office and Products Offered Table 14. Ride Sharing Concentration Ratio (CR3, CR5 and CR10) & (2022-2024) Table 15. New Products and Potential Entrants Table 16. Mergers & Acquisitions, Expansion Table 17. Global Ride Sharing Market Size by Regions 2019-2024 & ($ Millions) Table 18. Global Ride Sharing Market Size Market Share by Regions (2019-2024) Table 19. Global Ride Sharing Revenue by Country/Region (2019-2024) & ($ millions) Table 20. Global Ride Sharing Revenue Market Share by Country/Region (2019-2024) Table 21. Americas Ride Sharing Market Size by Country (2019-2024) & ($ Millions) Table 22. Americas Ride Sharing Market Size Market Share by Country (2019-2024) Table 23. Americas Ride Sharing Market Size by Type (2019-2024) & ($ Millions) Table 24. Americas Ride Sharing Market Size Market Share by Type (2019-2024) Table 25. Americas Ride Sharing Market Size by Application (2019-2024) & ($ Millions) Table 26. Americas Ride Sharing Market Size Market Share by Application (2019-2024) Table 27. APAC Ride Sharing Market Size by Region (2019-2024) & ($ Millions) Table 28. APAC Ride Sharing Market Size Market Share by Region (2019-2024) Table 29. APAC Ride Sharing Market Size by Type (2019-2024) & ($ Millions) Table 30. APAC Ride Sharing Market Size Market Share by Type (2019-2024) Table 31. APAC Ride Sharing Market Size by Application (2019-2024) & ($ Millions) Table 32. APAC Ride Sharing Market Size Market Share by Application (2019-2024) Table 33. Europe Ride Sharing Market Size by Country (2019-2024) & ($ Millions) Table 34. Europe Ride Sharing Market Size Market Share by Country (2019-2024) Table 35. Europe Ride Sharing Market Size by Type (2019-2024) & ($ Millions) Table 36. Europe Ride Sharing Market Size Market Share by Type (2019-2024) Table 37. Europe Ride Sharing Market Size by Application (2019-2024) & ($ Millions) Table 38. Europe Ride Sharing Market Size Market Share by Application (2019-2024) Table 39. Middle East & Africa Ride Sharing Market Size by Region (2019-2024) & ($ Millions) Table 40. Middle East & Africa Ride Sharing Market Size Market Share by Region (2019-2024) Table 41. Middle East & Africa Ride Sharing Market Size by Type (2019-2024) & ($ Millions) Table 42. Middle East & Africa Ride Sharing Market Size Market Share by Type (2019-2024) Table 43. Middle East & Africa Ride Sharing Market Size by Application (2019-2024) & ($ Millions) Table 44. Middle East & Africa Ride Sharing Market Size Market Share by Application (2019-2024) Table 45. Key Market Drivers & Growth Opportunities of Ride Sharing Table 46. Key Market Challenges & Risks of Ride Sharing Table 47. Key Industry Trends of Ride Sharing Table 48. Global Ride Sharing Market Size Forecast by Regions (2025-2030) & ($ Millions) Table 49. Global Ride Sharing Market Size Market Share Forecast by Regions (2025-2030) Table 50. Global Ride Sharing Market Size Forecast by Type (2025-2030) & ($ Millions) Table 51. Global Ride Sharing Market Size Forecast by Application (2025-2030) & ($ Millions) Table 52. DiDi Details, Company Type, Ride Sharing Area Served and Its Competitors Table 53. DiDi Ride Sharing Product Offered Table 54. DiDi Ride Sharing Revenue ($ million), Gross Margin and Market Share (2019-2024) Table 55. DiDi Main Business Table 56. DiDi Latest Developments Table 57. Uber Details, Company Type, Ride Sharing Area Served and Its Competitors Table 58. Uber Ride Sharing Product Offered Table 59. Uber Main Business Table 60. Uber Ride Sharing Revenue ($ million), Gross Margin and Market Share (2019-2024) Table 61. Uber Latest Developments Table 62. Lyft Details, Company Type, Ride Sharing Area Served and Its Competitors Table 63. Lyft Ride Sharing Product Offered Table 64. Lyft Main Business Table 65. Lyft Ride Sharing Revenue ($ million), Gross Margin and Market Share (2019-2024) Table 66. Lyft Latest Developments Table 67. FREE NOW Details, Company Type, Ride Sharing Area Served and Its Competitors Table 68. FREE NOW Ride Sharing Product Offered Table 69. FREE NOW Main Business Table 70. FREE NOW Ride Sharing Revenue ($ million), Gross Margin and Market Share (2019-2024) Table 71. FREE NOW Latest Developments Table 72. Meituan Details, Company Type, Ride Sharing Area Served and Its Competitors Table 73. Meituan Ride Sharing Product Offered Table 74. Meituan Main Business Table 75. Meituan Ride Sharing Revenue ($ million), Gross Margin and Market Share (2019-2024) Table 76. Meituan Latest Developments Table 77. Grab Details, Company Type, Ride Sharing Area Served and Its Competitors Table 78. Grab Ride Sharing Product Offered Table 79. Grab Main Business Table 80. Grab Ride Sharing Revenue ($ million), Gross Margin and Market Share (2019-2024) Table 81. Grab Latest Developments Table 82. Yandex Details, Company Type, Ride Sharing Area Served and Its Competitors Table 83. Yandex Ride Sharing Product Offered Table 84. Yandex Main Business Table 85. Yandex Ride Sharing Revenue ($ million), Gross Margin and Market Share (2019-2024) Table 86. Yandex Latest Developments Table 87. Go-jek Details, Company Type, Ride Sharing Area Served and Its Competitors Table 88. Go-jek Ride Sharing Product Offered Table 89. Go-jek Main Business Table 90. Go-jek Ride Sharing Revenue ($ million), Gross Margin and Market Share (2019-2024) Table 91. Go-jek Latest Developments Table 92. Dida Chuxing Details, Company Type, Ride Sharing Area Served and Its Competitors Table 93. Dida Chuxing Ride Sharing Product Offered Table 94. Dida Chuxing Main Business Table 95. Dida Chuxing Ride Sharing Revenue ($ million), Gross Margin and Market Share (2019-2024) Table 96. Dida Chuxing Latest Developments Table 97. Ola Cabs Details, Company Type, Ride Sharing Area Served and Its Competitors Table 98. Ola Cabs Ride Sharing Product Offered Table 99. Ola Cabs Main Business Table 100. Ola Cabs Ride Sharing Revenue ($ million), Gross Margin and Market Share (2019-2024) Table 101. Ola Cabs Latest Developments Table 102. BlaBlaCar Details, Company Type, Ride Sharing Area Served and Its Competitors Table 103. BlaBlaCar Ride Sharing Product Offered Table 104. BlaBlaCar Ride Sharing Revenue ($ million), Gross Margin and Market Share (2019-2024) Table 105. BlaBlaCar Main Business Table 106. BlaBlaCar Latest Developments Table 107. Via Details, Company Type, Ride Sharing Area Served and Its Competitors Table 108. Via Ride Sharing Product Offered Table 109. Via Main Business Table 110. Via Ride Sharing Revenue ($ million), Gross Margin and Market Share (2019-2024) Table 111. Via Latest Developments Table 112. Wingz Details, Company Type, Ride Sharing Area Served and Its Competitors Table 113. Wingz Ride Sharing Product Offered Table 114. Wingz Main Business Table 115. Wingz Ride Sharing Revenue ($ million), Gross Margin and Market Share (2019-2024) Table 116. Wingz Latest Developments
Figure 1. Ride Sharing Report Years Considered Figure 2. Research Objectives Figure 3. Research Methodology Figure 4. Research Process and Data Source Figure 5. Global Ride Sharing Market Size Growth Rate 2019-2030 ($ Millions) Figure 6. Ride Sharing Sales by Geographic Region (2019, 2023 & 2030) & ($ millions) Figure 7. Ride Sharing Sales Market Share by Country/Region (2023) Figure 8. Ride Sharing Sales Market Share by Country/Region (2019, 2023 & 2030) Figure 9. Global Ride Sharing Market Size Market Share by Type in 2023 Figure 10. Ride Sharing in Age 18-24 Figure 11. Global Ride Sharing Market: Age 18-24 (2019-2024) & ($ Millions) Figure 12. Ride Sharing in Age 25-34 Figure 13. Global Ride Sharing Market: Age 25-34 (2019-2024) & ($ Millions) Figure 14. Ride Sharing in Age 35-44 Figure 15. Global Ride Sharing Market: Age 35-44 (2019-2024) & ($ Millions) Figure 16. Ride Sharing in Age 45-54 Figure 17. Global Ride Sharing Market: Age 45-54 (2019-2024) & ($ Millions) Figure 18. Ride Sharing in Age 55-64 Figure 19. Global Ride Sharing Market: Age 55-64 (2019-2024) & ($ Millions) Figure 20. Global Ride Sharing Market Size Market Share by Application in 2023 Figure 21. Global Ride Sharing Revenue Market Share by Player in 2023 Figure 22. Global Ride Sharing Market Size Market Share by Regions (2019-2024) Figure 23. Americas Ride Sharing Market Size 2019-2024 ($ Millions) Figure 24. APAC Ride Sharing Market Size 2019-2024 ($ Millions) Figure 25. Europe Ride Sharing Market Size 2019-2024 ($ Millions) Figure 26. Middle East & Africa Ride Sharing Market Size 2019-2024 ($ Millions) Figure 27. Americas Ride Sharing Value Market Share by Country in 2023 Figure 28. United States Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 29. Canada Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 30. Mexico Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 31. Brazil Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 32. APAC Ride Sharing Market Size Market Share by Region in 2023 Figure 33. APAC Ride Sharing Market Size Market Share by Type in 2023 Figure 34. APAC Ride Sharing Market Size Market Share by Application in 2023 Figure 35. China Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 36. Japan Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 37. Korea Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 38. Southeast Asia Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 39. India Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 40. Australia Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 41. Europe Ride Sharing Market Size Market Share by Country in 2023 Figure 42. Europe Ride Sharing Market Size Market Share by Type (2019-2024) Figure 43. Europe Ride Sharing Market Size Market Share by Application (2019-2024) Figure 44. Germany Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 45. France Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 46. UK Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 47. Italy Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 48. Russia Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 49. Middle East & Africa Ride Sharing Market Size Market Share by Region (2019-2024) Figure 50. Middle East & Africa Ride Sharing Market Size Market Share by Type (2019-2024) Figure 51. Middle East & Africa Ride Sharing Market Size Market Share by Application (2019-2024) Figure 52. Egypt Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 53. South Africa Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 54. Israel Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 55. Turkey Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 56. GCC Country Ride Sharing Market Size Growth 2019-2024 ($ Millions) Figure 57. Americas Ride Sharing Market Size 2025-2030 ($ Millions) Figure 58. APAC Ride Sharing Market Size 2025-2030 ($ Millions) Figure 59. Europe Ride Sharing Market Size 2025-2030 ($ Millions) Figure 60. Middle East & Africa Ride Sharing Market Size 2025-2030 ($ Millions) Figure 61. United States Ride Sharing Market Size 2025-2030 ($ Millions) Figure 62. Canada Ride Sharing Market Size 2025-2030 ($ Millions) Figure 63. Mexico Ride Sharing Market Size 2025-2030 ($ Millions) Figure 64. Brazil Ride Sharing Market Size 2025-2030 ($ Millions) Figure 65. China Ride Sharing Market Size 2025-2030 ($ Millions) Figure 66. Japan Ride Sharing Market Size 2025-2030 ($ Millions) Figure 67. Korea Ride Sharing Market Size 2025-2030 ($ Millions) Figure 68. Southeast Asia Ride Sharing Market Size 2025-2030 ($ Millions) Figure 69. India Ride Sharing Market Size 2025-2030 ($ Millions) Figure 70. Australia Ride Sharing Market Size 2025-2030 ($ Millions) Figure 71. Germany Ride Sharing Market Size 2025-2030 ($ Millions) Figure 72. France Ride Sharing Market Size 2025-2030 ($ Millions) Figure 73. UK Ride Sharing Market Size 2025-2030 ($ Millions) Figure 74. Italy Ride Sharing Market Size 2025-2030 ($ Millions) Figure 75. Russia Ride Sharing Market Size 2025-2030 ($ Millions) Figure 76. Spain Ride Sharing Market Size 2025-2030 ($ Millions) Figure 77. Egypt Ride Sharing Market Size 2025-2030 ($ Millions) Figure 78. South Africa Ride Sharing Market Size 2025-2030 ($ Millions) Figure 79. Israel Ride Sharing Market Size 2025-2030 ($ Millions) Figure 80. Turkey Ride Sharing Market Size 2025-2030 ($ Millions) Figure 81. GCC Countries Ride Sharing Market Size 2025-2030 ($ Millions) Figure 82. Global Ride Sharing Market Size Market Share Forecast by Type (2025-2030) Figure 83. Global Ride Sharing Market Size Market Share Forecast by Application (2025-2030)
One individual can access, store, display, or archive the report in Excel format but cannot print, copy, or share it. Use is confidential and internal only. Read More
Coupon Code : AUTO20
One individual can access, store, display, or archive the report in PDF format but cannot print, copy, or share it. Use is confidential and internal only. Read More
Coupon Code : AUTO20
Up to 10 employees in one region can store, display, duplicate, and archive the report for internal use. Use is confidential and printable. Read More
Coupon Code : AUTO20
All employees globally can access, print, copy, and cite data externally (with attribution to Bonafide Research). Read More