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Growing population and expanding global industrialization have led to a boom in the ridesharing industry in recent years. Decreasing dependence on single-occupancy vehicles is considered a possible solution to relieving traffic congestion. The growth of the ridesharing market is driven by technological advancements, which have significantly increased its popularity.
Technological advancements are expected to drive the global ridesharing market even further. Modern apps have made it easier for travellers to get in touch with domestic carpools, and leading players such as Lyft and Uber have taken steps to capture the carpooling space, thus boosting the ridesharing market revenue.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is assessed to grow at a CAGR of 16.8% between 2024 and 2032.
The major market drivers are the growing tourism industry, preference of people to avoid ownership of vehicles, and an increasing population.
The key market trends include the interest of commuters in finding economical ways to travel, importance of being eco-friendly, and the rising penetration of the internet and smartphones, simplifying the process to book rides.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The market is categorised according to the service type, which includes e-hailing and station-based mobility.
Based on the commute type, the market is divided into intercity and intracity.
Based on the booking type, the market is divided into offline booking and online booking.
Based on the vehicle type, the market is divided into cars, bike, scooters and others.
The market's key players are Uber Technologies Inc., DiDi Global Inc., Lyft, Inc., ANI Technologies Private Limited, and Cabify Spain SLU, among others.
Ridesharing aims to reduce negative impacts associated with emissions, lower traveling costs and congestion, increase passenger vehicle occupancy, and provide convenience to travellers.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124