Ridesharing Market Outlook
According to a new report by Expert Market Research titled, “Ridesharing Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global ridesharing market is projected to grow at a CAGR of 16.8% between 2024 and 2032. Aided by the increasing demand for cost-effective and convenient transport alternatives and the growing ubiquity of smartphone usage and internet connectivity, the market is expected to grow significantly by 2032.
Ridesharing, also known as carpooling, is a service that arranges one-time shared rides on short notice. This mode of transportation, facilitated by various online platforms and apps, has revolutionised the concept of travel, offering an affordable and more sustainable transport solution. Ridesharing aids in reducing the number of vehicles on the roads, decreasing carbon emissions, conserving fuel, and promoting sustainable urbanisation.
The rise in smartphone users and high-speed internet connectivity worldwide has greatly fuelled the global ridesharing market growth. As smartphones become increasingly widespread, the ease of booking rides with a few taps has attracted a broad user base. Additionally, the affordability and convenience offered by ridesharing services over traditional taxi services are appealing to cost- and time-conscious consumers.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/ridesharing-market/requestsample
The ridesharing market expansion is further accelerated by the urbanisation trend and rising traffic congestion in cities. As urban areas continue to grow, so does the need for efficient, flexible, and cost-effective transportation. Ridesharing services are emerging as a viable solution to these challenges, curbing the need for private vehicle ownership and promoting more sustainable urban transport.
Ridesharing has also gained popularity due to its various benefits beyond transportation. For instance, it fosters a sense of community by encouraging social interaction among riders. Furthermore, it provides a significant source of income for drivers, contributing to economic development, thus aiding the ridesharing market growth. The development of autonomous vehicles, combined with ridesharing services, also presents an exciting opportunity for the industry.
Furthermore, the shift towards electric vehicles in the ridesharing industry, driven by growing environmental consciousness and regulatory support, is set to further drive the ridesharing market development. As companies aim to reduce their carbon footprint, electric vehicles have emerged as a viable option, aligning with global efforts to combat climate change.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/ridesharing-market
Ridesharing Market Segmentation
The market can be divided based on service type, commute type, booking type, vehicle type, and region.
Market Breakup by Service Type
• E-Hailing
• Station-Based Mobility
Market Breakup by Commute Type
• Intercity
• Intracity
Market Breakup by Booking Type
• Offline Booking
• Online Booking
o Web Based
o App Based
Market Breakup by Vehicle Type
• Cars
• Bike and Scooters
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global ridesharing companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Uber Technologies Inc.
• DiDi Global Inc.
• Lyft, Inc
• ANI Technologies Private Limited
• Cabify Spain SLU
• Others
About Us:
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact:
Company Name: Claight Corporation
Contact Person: James Rowan, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
