Ride Sharing Market Report Scope & Overview:

Ride Sharing Market Size was valued at USD 92.27 billion in 2022 and is expected to reach USD 263.21 billion by 2030 and grow at a CAGR of 14% over the forecast period 2023-2030.

Ride sharing is the act of sharing a ride with another passenger, preferably in the same direction. It can be used by numerous travelers on a shared basis. There is usually a middleman that provides an app that allows riders and drivers to find and connect in order to use these ride-share services. A passenger can schedule a shared ride through the use of e-hailing, which is short for electronic hailing, by making a phone call and sending a text message, or by going to the actual location of the service provider and using the internet to access a smartphone application or website. Taxis and cabs are available for passengers to reserve or hire for predetermined trips along routes that the passenger establishes in advance.

Ride Sharing Market Report Size by 2023 -2030

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Ride-sharing services typically make use of passenger cars, motorbikes, scooters, minivans, vans, buses and coaches, auto-rickshaws, and other types of vehicles. Ride-sharing is a relatively new concept in the mobility sector that has grown in popularity alongside car-sharing, car-hailing, and carpooling. The ride-sharing system operates by people offering and accepting rides at the driver's convenience. Ride-sharing makes short and lengthy travels easier by providing one-way and two-way rides. Because many people in economically developing countries do not own cars, they rely on car-hailing services.

In 2021, BMW has expanded its car-sharing service to include BMW370 series vehicles for short and long-term rental and delivery.



  • Demand for carpool and bike pool services has increased.

  • Demand for internet booking platforms has increased.

  • The rise in the cost of owning a car is expected to propel the market forward.


  • Improvement of the public transportation system.

  • Market expansion is being limited by local transportation services and differing laws across the globe.


  • Progress on Robo-cabs.

  • Eco-friendly electric cab services are projected to drive market growth throughout the forecast period.


  • Cyberattacks pose a significant threat to the market.

  • Passengers may be put at risk as a result of the advanced features.


The rapid expansion of COVID-19 at the beginning of the year 2020 has caused operational problems in a number of different businesses, notably the automotive industry. The primary pattern that is most severely impacted by the COVID-19 epidemic is carpooling and ridesharing. The Lockdown situation and societal conventions that encourage people to keep their distance were the primary contributors to the stagnation of the ride-sharing sector. Even now, the industry is having a hard time dealing with the customer perspective that they should adopt private automobiles rather than shared vehicles as a result of heightened health concerns and awareness of the spread of the COVID-19 virus. This is causing the market to struggle.

Market, By Type:

The global market has been divided into P2P car sharing, and Corporate Car Sharing based on the type segment. It is expected that the P2P car-sharing segment would lead the car-sharing market. P2P car sharing is a sort of vehicle sharing in which users share their automobiles with other travelers. A further benefit of the P2P approach is that the owner is present in the vehicle at all times.

Market, By Service Type:

The global market has been divided into E-hailing, Car sharing, Station-based mobility, and Car rental based on the service type segment. During the projected period, the e-hailing segment is expected to be the largest ride-sharing market. E-expanding hailing's popularity can be ascribed to a variety of factors, including the convenience of online reservations, increasing traffic congestion, improved passenger experience, and increased government efforts to raise public awareness about the dangers of air pollution.

Market, By Commute Type:

The global market has been divided into Long Distance, Corporate, and Short Distance based on the commute type segment. Short-distance and corporate commutes are expected to dominate the market. However, because of the increasing tendency of ride-hailing platform providers to delve into these services through their current platforms, the short distance type is expected to lead during the projected period.


By Type:

  • P2P car sharing

  • Corporate Car Sharing

By Service Type:

  • E-hailing

  • Car sharing

  • Station-based mobility

  • Car rental

By Commute Type:

  • Long Distance

  • Corporate

  • Short Distance

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North America was the most successful region, with the United States accounting for approximately 95.0 percent of the regional market share. On the other hand, it is projected that Asia would eventually overtake North America within the period of the forecast. Due to the region's huge number of cities and towns that are undergoing fast urbanization, Asia is a prospective market for ride-sharing services. China and India, the two most populous countries in the world, both call this area of the world their home. China already holds a dominant position in the market for ride-hailing services and is expected to experience explosive growth in ride-sharing over the course of the projection period.

Although India has had healthy expansion over the past few years, the business sector there has not yet made the most of the opportunities presented by the country. There is still some resistance to the idea being implemented in some European nations, like Germany, therefore the content is not yet fully functional. Over the course of the past ten years, developed nations such as the United Kingdom and France have enthusiastically adopted platforms for sharing four-wheelers and bicycles.


  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


Uber Technologies Inc. (U.S.), Ola, Gett (Israel), Taxify (Estonia), Lyft Inc. (U.S.), ANI Technologies Pvt. Ltd. (India), Didi Chuxing Technology Co. (China), GrabTaxi Holdings Pte. Ltd. (Singapore), car2go (Germany), Cabify (Spain), and Careem (UAE) are some of the affluent competitors with significant market share in the Ride Sharing Market.

Taxify (Estonia)-Company Financial Analysis

Ride Sharing Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 92.27 Billion
Market Size by 2030 US$ 202.53 Billion
CAGR CAGR of 14% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (P2P car sharing, Corporate Car Sharing)
• by Service Type (E-hailing, Car sharing, Station-based mobility, Car rental)
• by Commute Type (Long Distance, Corporate, Short Distance)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Uber Technologies Inc. (U.S.), Ola, Gett (Israel), Taxify (Estonia), Lyft Inc. (U.S.), ANI Technologies Pvt. Ltd. (India), Didi Chuxing Technology Co. (China), GrabTaxi Holdings Pte. Ltd. (Singapore), car2go (Germany), Cabify (Spain), and Careem (UAE)
Key Drivers •Demand for carpool and bike pool services has increased.

•Demand for internet booking platforms has increased.
RESTRAINTS •Improvement of the public transportation system.

•Market expansion is being limited by local transportation services and differing laws across the globe.

Frequently Asked Questions

Ans:- The market forecast period is 2021-2028 according to the study report.

Ans;- Ride sharing is the act of sharing a ride with another passenger, preferably in the same direction.

Ans:- Progress on Robo-cabs & Eco-friendly electric cab services are projected are the most promising aspects/opportunities of the market.

Ans:- The e-hailing segment is expected to see the most significant growth.

Ans:- Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, government agencies and NGOs, Commercial research & development (R&D) institutions, Trade/Industrial associations, and End-use industries are the stakeholder of this report.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Global Ride Sharing Market Segmentation, By Type

8.1 P2P car sharing

8.2 Corporate Car Sharing

9. Global Ride Sharing Market Segmentation, By Service Type

9.1 E-hailing

9.2 Car sharing

9.3 Station-based mobility

9.4 Car rental

10. Global Ride Sharing Market Segmentation, By Commute Type

10.1 Long Distance

10.2 Corporate

10.3 Short Distance

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

12. Company Profiles

12.1 Ola,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Uber Technologies Inc. (U.S.)

12.3 Gett (Israel)

12.4 Taxify (Estonia)

12.5 Lyft Inc. (U.S.)

12.6 ANI Technologies Pvt. Ltd. (India)

12.7 Didi Chuxing Technology Co. (China)

12.8 GrabTaxi Holdings Pte. Ltd. (Singapore)

12.9 car2go (Germany)

12.10 Cabify (Spain)

12.11 Careem (UAE)

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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