Ride sharing market is witnessing rampant expansion owing to its unique pricing mix to fit end-user preferences for cost efficient transportation, opines Orbis Research.
Dallas , United States - October 26, 2020 /MarketersMedia/ —
Ride Sharing Market to reach USD 220.5 billion by 2025.
Ride Sharing Market is valued approximately USD 51.3 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 20% over the forecast period 2018-2025. Rising vehicle prices along with the increase in prices of fuel are the major factors which are driving the growth in the Global Ride Sharing Market. Growth in the prices of vehicles such as the car has resulted in a declining number of car owners, and the increasing trend of having personal mobility is leading to the growth of the market. Additionally, integration of ride-sharing services with the smartphones is another major driver boosting the market. However, variation in policies in different regions and economics limitations in several countries restrict the market growth.
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In a rapidly expanding ride sharing market, M&A strategies are emerging as one of the most popular business tactics. In a recent development, in ride sharing space, market participant Uber has proposed an acquisition deal of $1.2 billion to acquire rival, FreeNow which is owned by Daimler and BMW. However, the parties are yet to agree unanimously. Uber is likely to have dominance across European belt if the transaction nears maturation in the coming times, furthering growth spurt in global ride sharing market.
Additionally, with growing consciousness on vehicular emission protocols, ridesharing market is further expanding exponentially as it significantly reduces traffic congestion.
The leading Market players mainly include-
Ola (Ani Technologies)
The objective of the study is to define market size of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Fixed Long Distance Ridesharing
By Target Demographic
By Business Model
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
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Major Points from Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Ride Sharing Market Definition and Scope
Chapter 3. Ride Sharing Market Dynamics
Chapter 4. Ride Sharing Market Industry Analysis
Chapter 5. Ride Sharing Market, by Type
Chapter 6. Ride Sharing Market, by Expanse
Chapter 7. Ride Sharing Market, by Target Demographic
Chapter 8. Ride Sharing Market, by Ownership
Chapter 9. Ride Sharing Market, by Business Model
Chapter 10. Ride Sharing Market, by Regional Analysis
Chapter 11. Competitive Intelligence
11.1. Company Market Share (Subject to Data Availability)
11.2. Top Market Strategies
11.3. Company Profiles
188.8.131.52. Financial (Subject to Data Availability)
184.108.40.206. Product Summary
220.127.116.11. Recent Developments
11.3.6. Ola (Ani Technologies)
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.3. Market Estimation
12.1.6. Research Assumption
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