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Ride Sharing Market Statistics, CAGR, Outlook, and Covid-19 Impact 2025

Rahul Sharma
Ride Sharing Market Statistics, CAGR, Outlook, and Covid-19 Impact 2025

As per the report circulated by the experts the scope of the global Ride Sharing Market was priced at US$ 6.68 billion in 2017. This is expected to reach US$ 11.94 billion by 2025 with a CAGR of 7.5% during the period of forecast. An organization that links car driver with travelers by means of an app or else a website is recognized as ride sharing. The sellers that deliver the facilities are recognized as the companies of transport system.


Market Overview:


The model of the business is designated by way of these companies consistent with the targeted clienteles of the zone. There are several paybacks accompanying with the ride sharing for example it delivers a suitable journey. The travelers can go anywhere they need to go, conveniently having no necessity to take a private vehicle or to take a ride of taxi or bus. Furthermore, ride sharing is price operative; because beyond one person share the ride and it is easy to catch a ride over a website or an app. Due to such profits, the global market for ridesharing is expected to develop considerably during the nearby years.


Key Players:


Uber Technology Inc.

Didi Chuxing

Yandex Taxi


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Growth Drivers:


The growing necessity to decrease traffic bottleneck in city areas and demand for price effective manner of travel having better quality coziness are the important reasons motivating the development of the ride sharing industry.


Growing infiltration of smart apparatuses, for example tablets, smart phones and others is expected to motivate the market. Smart personal apparatuses hold the maximum importance in the model of the business of ride sharing because these are the platforms on which the apps are installed.


Increasing prices of the vehicle together with the upsurge in the prices of fuel are the most important reasons those are motivating the development in the global ride sharing market. Progression in the prices of automobiles for example the car has caused in a decreasing the number of car possessors and the growing inclination of taking individual freedom of movement is heading to the development of the market. Furthermore, combination of ride-sharing services by way of the smartphones is an additional most important motivator advancing the development of the global market for ride sharing.


Type Outlook

Long Distance


Short Distance


The global ride sharing market can be classified by Type of Travel, Business Model, Ownership Target Customers and Region. By Type of Travel, it can be classified as: On Demand, Short Distance, Corporate, Fixed Long Distance Ridesharing, Commuting Ridesharing, and Dynamic Ridesharing. By Business Model, it can be classified as: Business to Consumer (B2C), Peer to Peer (P2P), and Business to Business (B2B) By Ownership, it can be classified as: Business Owned, Privately Owned, and Company Owned. By Target Customers, it can be classified as: Families, Commuters and Others.


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Rahul Sharma
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