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Ride Hailing Market by Service Type, Data Service, Connectivity, Vehicle Type & Region - Global Forecast to 2025

Ride Hailing Market: Global Forecast until 2025

  • July 2017
  • 157 pages
  • ID: 5038707
In this report:
The internal combustion vehicles segment is expected to grow from ##.## million units in 2017 to ## million units by 2025, at an estimated CAGR of ##.##%.
North America is expected to grow from ##.## thousand units in 2017 to ##.## thousand units by 2025 at an estimated CAGR of ##.##%.
The e-bike segment is expected to grow from ##.## thousand units in 2017 to ##,##.## thousand units by 2025, at an estimated CAGR of ##.##%.

Summary

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Growing need for personal mobility in wake of growing urbanization and fall in car ownership are anticipated to fuel the sector demand for Ride Hailing

The Ride hailing market is estimated to rise at a compound annual growth rate of ~19.8 percent during the forecast period, to attain ~$276.0B by 2025. The Ride hailing market is influenced by Elements such as increasing need for personal mobility in wake of increasing urbanization and fall in car ownership. The factors which restrain the industries are low internet penetration in developing area and complex regulatory policies.

Station based mobility is the fastest-growing segment in the overall Ride Hailing market

Station based mobility market is anticipated to grow at the quickest Compound annual growth rate. Station based mobility is incentivized by governments across the globe and dedicated tracks are laid in different countries for station to station mobility. Car sharing is the second quickest increasing segment. Increase of car sharing is attributed to its benefits including getting benefits of a private vehicle without the costs and responsibilities of car ownership.

Navigation Service constitutes the most important data service for Ride Hailing market globally

Navigation service has the biggest industry size in data service for Ride hailing market globally. Navigation guides driver and passenger regarding location and route. Also mapping and traffic data benefits better user experience. Use of navigation service is imperative for Ride hailing service. Thus the growing number of Ride hailing service users influence the market demand for Ride hailing services.

Asia-Pac: Largest market for Ride Hailing

The Asia Pacific (APAC) area leads the Ride hailing market in terms of market size. High population and rising urbanization are driving the factor for Ride hailing market. Growing urbanization leads to traffic congestion and rising population will also growth the industry demand for distinct mobility options in urban areas. Ride hailing services such as app-based taxi services, car sharing services, and station based mobility in Asia-Pac region flourish on the grounds of growing population of urban areas.

Key players' distribution profiles:

The market research includes business insights specified by different market experts, ranging from mobility service providers to automotive OEMs. The break-up of the primaries is like:

• By Company category - Hardware and software technology providers - 50.0 percent, App/web based Ride hailing service providers - 40.0 percent, Original equipment manufacturers - 10.0 percent

• By Description - D-suite - 65.0 percent, C-suite - 30.0 percent, Others - 5.0 percent

• By Area - North America continent - 70.0 percent, Europe (EU) - 19.0 percent, Asia Pacific (APAC) - 10.0 percent, Rest of the globe - 1.0 percent

The analysis offers in-depth profiles of the following firms:

• Delphi automotive plc

• Denso corporation

• Uber Technologies, Incorporated

• Gett, Incorporated

• Lyft, Incorporated

Segment Research

The market research offers a picture on Ride hailing market across several verticals and territories. It aims at evaluating the market value and future increase potential of the Ride hailing market across distinct segments including service type, vehicle type, data service, internet connectivity, vehicle connectivity, and localities. Moreover, the industry report also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Why acquiring this study can help you:

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global Ride hailing market and the sub-segments. This industry report will facilitate partners to better find out the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches. The market research also benefits the partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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