Ride Sharing Market Size was valued at USD 115.30 billion in 2023 and is expected to reach USD 388.56 billion by 2031 and grow at a CAGR of 16.4% over the forecast period 2024-2031.
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.
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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.
KEY DRIVERS:
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.
RESTRAINTS:
Improvement of the public transportation system.
Market expansion is being limited by local transportation services and differing laws across the globe.
OPPORTUNITIES:
Progress on Robo-cabs.
Eco-friendly electric cab services are projected to drive market growth throughout the forecast period.
CHALLENGES:
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.
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 Distance:
The global market has been divided into Long Distance, 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 Service Type
Car Sharing
Car Rental
E-Hailing
Station Based Mobility
By Type
P2P Car Sharing
Corporate Car Sharing
By Vehicle Type
ICE Vehicle
CNG/LPG Vehicle
Electric Vehicle
Micro Mobility Vehicle
Bike/Bicycle
Scooter
Others
By Data Service
Information Service
Navigation
Payment
Other
By Distance
Long Distance
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.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Uber Technologies Inc. (U.S.), Gett, Lyft Inc. (U.S.), Didi Chuxing Technology Co. (China), GrabTaxi Holdings Pte. Ltd. (Singapore), car2go (Germany), Cabify (Spain), Careem (UAE), Bolt Technology, Zimride are some of the affluent competitors with significant market share in the Ride Sharing Market.
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| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 115.30 Billion |
| Market Size by 2031 | US$ 388.56 Billion |
| CAGR | CAGR of 16.4% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments |
|
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles |
Uber Technologies Inc. (U.S.), Gett, Lyft Inc. (U.S.), Didi Chuxing Technology Co. (China), GrabTaxi Holdings Pte. Ltd. (Singapore), car2go (Germany), Cabify (Spain), Careem (UAE), Bolt Technology, Zimride |
| 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. |
Ans:- The market forecast period is 2024-2031 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. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Ride Sharing Market Segmentation, By Data Service
9.1 Introduction
9.2 Trend Analysis
9.3 Information Service
9.4 Navigation
9.5 Payment
9.6 Other
10. Ride Sharing Market Segmentation, By Service Type
10.1 Introduction
10.2 Trend Analysis
10.3 Car Sharing
10.4 Car Rental
10.5 E-Hailing
10.6 Station Based Mobility
11. Ride Sharing Market Segmentation, By Vehicle Type
11.1 Introduction
11.2 Trend Analysis
11.3 ICE Vehicle
11.4 CNG/LPG Vehicle
11.5 lectric Vehicle
11.6 Micro Mobility Vehicle
11.6.1 Bike/Bicycle
11.6.2 Scooter
11.6.3 Others
12. Ride Sharing Market Segmentation, By Type
12.1 Introduction
12.2 Trend Analysis
12.3 P2P Car Sharing
12.4 Corporate Car Sharing
13. Ride Sharing Market Segmentation, By Distance
13.1 Introduction
13.2 Trend Analysis
13.3 Long Distance
13.4 Short Distance
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 Trend Analysis
14.2.2 North America Ride Sharing Market By Country
14.2.3 North America Ride Sharing Market By Data Service
14.2.4 North America Ride Sharing Market By Service Type
14.2.5 North America Ride Sharing Market By Vehicle Type
14.2.6 North America Ride Sharing Market, By Type
14.2.7 North America Ride Sharing Market, By Distance
14.2.8 USA
14.2.8.1 USA Ride Sharing Market By Data Service
14.2.8.2 USA Ride Sharing Market By Service Type
14.2.8.3 USA Ride Sharing Market By Vehicle Type
14.2.8.4 USA Ride Sharing Market, By Type
14.2.8.5 USA Ride Sharing Market, By Distance
14.2.9 Canada
14.2.9.1 Canada Ride Sharing Market By Data Service
14.2.9.2 Canada Ride Sharing Market By Service Type
14.2.9.3 Canada Ride Sharing Market By Vehicle Type
14.2.9.4 Canada Ride Sharing Market, By Type
14.2.9.5 Canada Ride Sharing Market, By Distance
14.2.10 Mexico
14.2.10.1 Mexico Ride Sharing Market By Data Service
14.2.10.2 Mexico Ride Sharing Market By Service Type
14.2.10.3 Mexico Ride Sharing Market By Vehicle Type
14.2.10.4 Mexico Ride Sharing Market, By Type
14.2.10.5 Mexico Ride Sharing Market, By Distance
14.3 Europe
14.3.1 Trend Analysis
14.3.2 Eastern Europe
14.3.2.1 Eastern Europe Ride Sharing Market By Country
14.3.2.2 Eastern Europe Ride Sharing Market By Data Service
14.3.2.3 Eastern Europe Ride Sharing Market By Service Type
14.3.2.4 Eastern Europe Ride Sharing Market By Vehicle Type
14.3.2.5 Eastern Europe Ride Sharing Market By Type
14.3.2.6 Eastern Europe Ride Sharing Market, By Distance
14.3.2.7 Poland
14.3.2.7.1 Poland Ride Sharing Market By Data Service
14.3.2.7.2 Poland Ride Sharing Market By Service Type
14.3.2.7.3 Poland Ride Sharing Market By Vehicle Type
14.3.2.7.4 Poland Ride Sharing Market By Type
14.3.2.7.5 Poland Ride Sharing Market, By Distance
14.3.2.8 Romania
14.3.2.8.1 Romania Ride Sharing Market By Data Service
14.3.2.8.2 Romania Ride Sharing Market By Service Type
14.3.2.8.3 Romania Ride Sharing Market By Vehicle Type
14.3.2.8.4 Romania Ride Sharing Market By Type
14.3.2.8.5 Romania Ride Sharing Market, By Distance
14.3.2.9 Hungary
14.3.2.9.1 Hungary Ride Sharing Market By Data Service
14.3.2.9.2 Hungary Ride Sharing Market By Service Type
14.3.2.9.3 Hungary Ride Sharing Market By Vehicle Type
14.3.2.9.4 Hungary Ride Sharing Market By Type
14.3.2.9.5 Hungary Ride Sharing Market, By Distance
14.3.2.10 Turkey
14.3.2.10.1 Turkey Ride Sharing Market By Data Service
14.3.2.10.2 Turkey Ride Sharing Market By Service Type
14.3.2.10.3 Turkey Ride Sharing Market By Vehicle Type
14.3.2.10.4 Turkey Ride Sharing Market By Type
14.3.2.10.5 Turkey Ride Sharing Market, By Distance
14.3.2.11 Rest of Eastern Europe
14.3.2.11.1 Rest of Eastern Europe Ride Sharing Market By Data Service
14.3.2.11.2 Rest of Eastern Europe Ride Sharing Market By Service Type
14.3.2.11.3 Rest of Eastern Europe Ride Sharing Market By Vehicle Type
14.3.2.11.4 Rest of Eastern Europe Ride Sharing Market By Type
14.3.2.11.5 Rest of Eastern Europe Ride Sharing Market, By Distance
14.3.3 Western Europe
14.3.3.1 Western Europe Ride Sharing Market By Country
14.3.3.2 Western Europe Ride Sharing Market By Data Service
14.3.3.3 Western Europe Ride Sharing Market By Service Type
14.3.3.4 Western Europe Ride Sharing Market By Vehicle Type
14.3.3.5 Western Europe Ride Sharing Market By Type
14.3.3.6 Western Europe Ride Sharing Market, By Distance
14.3.3.7 Germany
14.3.3.7.1 Germany Ride Sharing Market By Data Service
14.3.3.7.2 Germany Ride Sharing Market By Service Type
14.3.3.7.3 Germany Ride Sharing Market By Vehicle Type
14.3.3.7.4 Germany Ride Sharing Market By Type
14.3.3.7.5 Germany Ride Sharing Market, By Distance
14.3.3.8 France
14.3.3.8.1 France Ride Sharing Market By Data Service
14.3.3.8.2 France Ride Sharing Market By Service Type
14.3.3.8.3 France Ride Sharing Market By Vehicle Type
14.3.3.8.4 France Ride Sharing Market By Type
14.3.3.8.5 France Ride Sharing Market, By Distance
14.3.3.9 UK
14.3.3.9.1 UK Ride Sharing Market By Data Service
14.3.3.9.2 UK Ride Sharing Market By Service Type
14.3.3.9.3 UK Ride Sharing Market By Vehicle Type
14.3.3.9.4 UK Ride Sharing Market By Type
14.3.3.9.5 UK Ride Sharing Market, By Distance
14.3.3.10 Italy
14.3.3.10.1 Italy Ride Sharing Market By Data Service
14.3.3.10.2 Italy Ride Sharing Market By Service Type
14.3.3.10.3 Italy Ride Sharing Market By Vehicle Type
14.3.3.10.4 Italy Ride Sharing Market By Type
14.3.3.10.5 Italy Ride Sharing Market, By Distance
14.3.3.11 Spain
14.3.3.11.1 Spain Ride Sharing Market By Data Service
14.3.3.11.2 Spain Ride Sharing Market By Service Type
14.3.3.11.3 Spain Ride Sharing Market By Vehicle Type
14.3.3.11.4 Spain Ride Sharing Market By Type
14.3.3.11.5 Spain Ride Sharing Market, By Distance
14.3.3.12 Netherlands
14.3.3.12.1 Netherlands Ride Sharing Market By Data Service
14.3.3.12.2 Netherlands Ride Sharing Market By Service Type
14.3.3.12.3 Netherlands Ride Sharing Market By Vehicle Type
14.3.3.12.4 Netherlands Ride Sharing Market By Type
14.3.3.12.5 Netherlands Ride Sharing Market, By Distance
14.3.3.13 Switzerland
14.3.3.13.1 Switzerland Ride Sharing Market By Data Service
14.3.3.13.2 Switzerland Ride Sharing Market By Service Type
14.3.3.13.3 Switzerland Ride Sharing Market By Vehicle Type
14.3.3.13.4 Switzerland Ride Sharing Market By Type
14.3.3.13.5 Switzerland Ride Sharing Market, By Distance
14.3.3.14 Austria
14.3.3.14.1 Austria Ride Sharing Market By Data Service
14.3.3.14.2 Austria Ride Sharing Market By Service Type
14.3.3.14.3 Austria Ride Sharing Market By Vehicle Type
14.3.3.14.4 Austria Ride Sharing Market By Type
14.3.3.14.5 Austria Ride Sharing Market, By Distance
14.3.3.15 Rest of Western Europe
14.3.3.15.1 Rest of Western Europe Ride Sharing Market By Data Service
14.3.3.15.2 Rest of Western Europe Ride Sharing Market By Service Type
14.3.3.15.3 Rest of Western Europe Ride Sharing Market By Vehicle Type
14.3.3.15.4 Rest of Western Europe Ride Sharing Market By Type
14.3.3.15.5 Rest of Western Europe Ride Sharing Market, By Distance
14.4 Asia-Pacific
14.4.1 Trend Analysis
14.4.2 Asia-Pacific Ride Sharing Market By country
14.4.3 Asia-Pacific Ride Sharing Market By Data Service
14.4.4 Asia-Pacific Ride Sharing Market By Service Type
14.4.5 Asia-Pacific Ride Sharing Market By Vehicle Type
14.4.6 Asia-Pacific Ride Sharing Market By Type
14.4.7 Asia-Pacific Ride Sharing Market, By Distance
14.4.8 China
14.4.8.1 China Ride Sharing Market By Data Service
14.4.8.2 China Ride Sharing Market By Service Type
14.4.8.3 China Ride Sharing Market By Vehicle Type
14.4.8.4 China Ride Sharing Market By Type
14.4.8.5 China Ride Sharing Market, By Distance
14.4.9 India
14.4.9.1 India Ride Sharing Market By Data Service
14.4.9.2 India Ride Sharing Market By Service Type
14.4.9.3 India Ride Sharing Market By Vehicle Type
14.4.9.4 India Ride Sharing Market By Type
14.4.9.5 India Ride Sharing Market, By Distance
14.4.10 Japan
14.4.10.1 Japan Ride Sharing Market By Data Service
14.4.10.2 Japan Ride Sharing Market By Service Type
14.4.10.3 Japan Ride Sharing Market By Vehicle Type
14.4.10.4 Japan Ride Sharing Market By Type
14.4.10.5 Japan Ride Sharing Market, By Distance
14.4.11 South Korea
14.4.11.1 South Korea Ride Sharing Market By Data Service
14.4.11.2 South Korea Ride Sharing Market By Service Type
14.4.11.3 South Korea Ride Sharing Market By Vehicle Type
14.4.11.4 South Korea Ride Sharing Market By Type
14.4.11.5 South Korea Ride Sharing Market, By Distance
14.4.12 Vietnam
14.4.12.1 Vietnam Ride Sharing Market By Data Service
14.4.12.2 Vietnam Ride Sharing Market By Service Type
14.4.12.3 Vietnam Ride Sharing Market By Vehicle Type
14.4.12.4 Vietnam Ride Sharing Market By Type
14.4.12.5 Vietnam Ride Sharing Market, By Distance
14.4.13 Singapore
14.4.13.1 Singapore Ride Sharing Market By Data Service
14.4.13.2 Singapore Ride Sharing Market By Service Type
14.4.13.3 Singapore Ride Sharing Market By Vehicle Type
14.4.13.4 Singapore Ride Sharing Market By Type
14.4.13.5 Singapore Ride Sharing Market, By Distance
14.4.14 Australia
14.4.14.1 Australia Ride Sharing Market By Data Service
14.4.14.2 Australia Ride Sharing Market By Service Type
14.4.14.3 Australia Ride Sharing Market By Vehicle Type
14.4.14.4 Australia Ride Sharing Market By Type
14.4.14.5 Australia Ride Sharing Market, By Distance
14.4.15 Rest of Asia-Pacific
14.4.15.1 Rest of Asia-Pacific Ride Sharing Market By Data Service
14.4.15.2 Rest of Asia-Pacific Ride Sharing Market By Service Type
14.4.15.3 Rest of Asia-Pacific Ride Sharing Market By Vehicle Type
14.4.15.4 Rest of Asia-Pacific Ride Sharing Market By Type
14.4.15.5 Rest of Asia-Pacific Ride Sharing Market, By Distance
14.5 Middle East & Africa
14.5.1 Trend Analysis
14.5.2 Middle East
14.5.2.1 Middle East Ride Sharing Market By Country
14.5.2.2 Middle East Ride Sharing Market By Data Service
14.5.2.3 Middle East Ride Sharing Market By Service Type
14.5.2.4 Middle East Ride Sharing Market By Vehicle Type
14.5.2.5 Middle East Ride Sharing Market By Type
14.5.2.6 Middle East Ride Sharing Market, By Distance
14.5.2.7 UAE
14.5.2.7.1 UAE Ride Sharing Market By Data Service
14.5.2.7.2 UAE Ride Sharing Market By Service Type
14.5.2.7.3 UAE Ride Sharing Market By Vehicle Type
14.5.2.7.4 UAE Ride Sharing Market By Type
14.5.2.7.5 UAE Ride Sharing Market, By Distance
14.5.2.8 Egypt
14.5.2.8.1 Egypt Ride Sharing Market By Data Service
14.5.2.8.2 Egypt Ride Sharing Market By Service Type
14.5.2.8.3 Egypt Ride Sharing Market By Vehicle Type
14.5.2.8.4 Egypt Ride Sharing Market By Type
14.5.2.8.5 Egypt Ride Sharing Market, By Distance
14.5.2.9 Saudi Arabia
14.5.2.9.1 Saudi Arabia Ride Sharing Market By Data Service
14.5.2.9.2 Saudi Arabia Ride Sharing Market By Service Type
14.5.2.9.3 Saudi Arabia Ride Sharing Market By Vehicle Type
14.5.2.9.4 Saudi Arabia Ride Sharing Market By Type
14.5.2.9.5 Saudi Arabia Ride Sharing Market, By Distance
14.5.2.10 Qatar
14.5.2.10.1 Qatar Ride Sharing Market By Data Service
14.5.2.10.2 Qatar Ride Sharing Market By Service Type
14.5.2.10.3 Qatar Ride Sharing Market By Vehicle Type
14.5.2.10.4 Qatar Ride Sharing Market By Type
14.5.2.10.5 Qatar Ride Sharing Market, By Distance
14.5.2.11 Rest of Middle East
14.5.2.11.1 Rest of Middle East Ride Sharing Market By Data Service
14.5.2.11.2 Rest of Middle East Ride Sharing Market By Service Type
14.5.2.11.3 Rest of Middle East Ride Sharing Market By Vehicle Type
14.5.2.11.4 Rest of Middle East Ride Sharing Market By Type
14.5.2.11.5 Rest of Middle East Ride Sharing Market, By Distance
14.5.3 Africa
14.5.3.1 Africa Ride Sharing Market By Country
14.5.3.2 Africa Ride Sharing Market By Data Service
14.5.3.3 Africa Ride Sharing Market By Service Type
14.5.3.4 Africa Ride Sharing Market By Vehicle Type
14.5.3.5 Africa Ride Sharing Market By Type
14.5.3.6 Africa Ride Sharing Market, By Distance
14.5.3.7 Nigeria
14.5.3.7.1 Nigeria Ride Sharing Market By Data Service
14.5.3.7.2 Nigeria Ride Sharing Market By Service Type
14.5.3.7.3 Nigeria Ride Sharing Market By Vehicle Type
14.5.3.7.4 Nigeria Ride Sharing Market By Type
14.5.3.7.5 Nigeria Ride Sharing Market, By Distance
14.5.3.8 South Africa
14.5.3.8.1 South Africa Ride Sharing Market By Data Service
14.5.3.8.2 South Africa Ride Sharing Market By Service Type
14.5.3.8.3 South Africa Ride Sharing Market By Vehicle Type
14.5.3.8.4 South Africa Ride Sharing Market By Type
14.5.3.8.5 South Africa Ride Sharing Market, By Distance
14.5.3.9 Rest of Africa
14.5.3.9.1 Rest of Africa Ride Sharing Market By Data Service
14.5.3.9.2 Rest of Africa Ride Sharing Market By Service Type
14.5.3.9.3 Rest of Africa Ride Sharing Market By Vehicle Type
14.5.3.9.4 Rest of Africa Ride Sharing Market By Type
14.5.3.9.5 Rest of Africa Ride Sharing Market, By Distance
14.6 Latin America
14.6.1 Trend Analysis
14.6.2 Latin America Ride Sharing Market By country
14.6.3 Latin America Ride Sharing Market By Data Service
14.6.4 Latin America Ride Sharing Market By Service Type
14.6.5 Latin America Ride Sharing Market By Vehicle Type
14.6.6 Latin America Ride Sharing Market By Type
14.6.7 Latin America Ride Sharing Market, By Distance
14.6.8 Brazil
14.6.8.1 Brazil Ride Sharing Market By Data Service
14.6.8.2 Brazil Ride Sharing Market By Service Type
14.6.8.3 Brazil Ride Sharing Market By Vehicle Type
14.6.8.4 Brazil Ride Sharing Market By Type
14.6.8.5 Brazil Ride Sharing Market, By Distance
14.6.9 Argentina
14.6.9.1 Argentina Ride Sharing Market By Data Service
14.6.9.2 Argentina Ride Sharing Market By Service Type
14.6.9.3 Argentina Ride Sharing Market By Vehicle Type
14.6.9.4 Argentina Ride Sharing Market By Type
14.6.9.5 Argentina Ride Sharing Market, By Distance
14.6.10 Colombia
14.6.10.1 Colombia Ride Sharing Market By Data Service
14.6.10.2 Colombia Ride Sharing Market By Service Type
14.6.10.3 Colombia Ride Sharing Market By Vehicle Type
14.6.10.4 Colombia Ride Sharing Market By Type
14.6.10.5 Colombia Ride Sharing Market, By Distance
14.6.11 Rest of Latin America
14.6.11.1 Rest of Latin America Ride Sharing Market By Data Service
14.6.11.2 Rest of Latin America Ride Sharing Market By Service Type
14.6.11.3 Rest of Latin America Ride Sharing Market By Vehicle Type
14.6.11.4 Rest of Latin America Ride Sharing Market By Type
14.6.11.5 Rest of Latin America Ride Sharing Market, By Distance
15. Company Profiles
15.1 Uber Technologies Inc
15.1.1 Company Overview
15.1.2 Financial
15.1.3 Products/ Services Offered
15.1.4 SWOT Analysis
15.1.5 The SNS View
15.2 Gett
15.2.1 Company Overview
15.2.2 Financial
15.2.3 Products/ Services Offered
15.2.4 SWOT Analysis
15.2.5 The SNS View
15.3 Lyft Inc.
15.3.1 Company Overview
15.3.2 Financial
15.3.3 Products/ Services Offered
15.3.4 SWOT Analysis
15.3.5 The SNS View
15.4 Didi Chuxing Technology Co.
15.4.1 Company Overview
15.4.2 Financial
15.4.3 Products/ Services Offered
15.4.4 SWOT Analysis
15.4.5 The SNS View
15.5 GrabTaxi Holdings Pte. Ltd
15.5.1 Company Overview
15.5.2 Financial
15.5.3 Products/ Services Offered
15.5.4 SWOT Analysis
15.5.5 The SNS View
15.6 car2go
15.6.1 Company Overview
15.6.2 Financial
15.6.3 Products/ Services Offered
15.6.4 SWOT Analysis
15.6.5 The SNS View
15.7 Cabify
15.7.1 Company Overview
15.7.2 Financial
15.7.3 Products/ Services Offered
15.7.4 SWOT Analysis
15.7.5 The SNS View
15.8 Careem
15.8.1 Company Overview
15.8.2 Financial
15.8.3 Products/ Services Offered
15.8.4 SWOT Analysis
15.8.5 The SNS View
15.9 Bolt Technology
15.9.1 Company Overview
15.9.2 Financial
15.9.3 Products/ Services Offered
15.9.4 SWOT Analysis
15.9.5 The SNS View
15.10 Zimride
15.10.1 Company Overview
15.10.2 Financial
15.10.3 Products/ Services Offered
15.10.4 SWOT Analysis
15.10.5 The SNS View
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share Analysis
16.3 Recent Developments
16.3.1 Industry News
16.3.2 Company News
16.3.3 Mergers & Acquisitions
17. Use Case and Best Practices
18. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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