Product Overview

Ride sharing facilitates individuals in need of transportation access with the most popular and preferred cost-effective means to commute from one place to another. Passengers and drivers are connected through an online platform that provides discrete services, individuals may enter their destination location and the current location can be identified with help of the GPS installed in the user’s phone according to which the nearest available driver is allotted. Each city has fares set on a different formula, either rate per minute or rate per mile which is quoted as and when the passenger enters’ the pick and drop location, also, fares may differ depending upon the type of service requested by the passenger. Ride sharing is a convenient method and emerged as a powerful alternative to deal with the consequences of urbanization with the developing megacities.

Market Highlights

Global Ride Sharing market is expected to project a notable CAGR in 2030.

Global Ride Sharing market to surpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of XX% throughout the forecast period, i.e. 2020-30. Global Ride Sharing market is expected to observe a growth in the future due to its convenience, economical pricing, and easy accessibility which has led to a gradual shift in the perception of individuals for automobile travel over time which would also positively impact the automotive industry along with the ride-sharing market. Consumers are integrating ride-sharing options in their daily lives considering it as the most feasible alternative since it eliminates parking hassles, reduces stress, and enables them to do other things while traveling.

Global Ride-Sharing Market: Segments

B2C segment to grow with the highest CAGR during 2019-30

Global Ride Sharing market is segmented by business type into B2B, B2C, and P2P. The B2C segment held the largest market share in the year 2018 and is anticipated to dominate the global market throughout the forecast period. B2C type of business model provides direct services to the consumers and is popularly preferred across the global-ride sharing industry. B2B business model provides pick and drop services from a transport service operator to the employees of other companies.

Car segment to grow with the highest CAGR during 2019-30

Global Ride Sharing market is segmented by vehicle into Car, Bike/Scooter, and Others. Car segment held the largest market share in the year 2018 and is expected to maintain this trend throughout the forecast period. Car is easy to accommodate 3-4 passengers or luggage and ensures a comfortable journey. Bike/Scooter is usually opted by single passengers.

Ride-hailing segment to grow with the highest CAGR during 2019-30

Global Ride Sharing market is also segmented by services into Ride-hailing and Car Pooling. Ride-hailing segment held the largest market share in the year 2018 and is anticipated to grow with the highest CAGR throughout the forecast period. Ride-hailing services are used when the ride is not shared with any other passengers and vehicle does not stop at different points along a route that is more convenient and comfortable.

Market Dynamics

Drivers

Convenience

Ride sharing services are convenient to access due to their door-to-door pick and drop services, unlike conventional taxi services. Consumers are integrating ride-sharing options in their daily lives considering it as the most feasible alternative since it eliminates parking hassles, reduces stress and enables them to do other things en-route, and is easier to arrange a ride in urgency.

Cost-effective

With the rising fuel prices and prices of vehicles, ride-sharing services have witnessed an upsurge in demand which is a driving key factor. Services like car-pooling have provided with the advantage of splitting up the ride cost between passengers which is economical.

Restraints

Security Concerns

Security concern is one of the key factors restraining the growth of the global ride-sharing market as all these services are provided through online platforms such as smartphone apps or websites, data acquired and recorded is vulnerable to hacking.

Covid-19 impact on Global Ride Sharing Market

With the advent of coronavirus, many services associated with different sectors have been affected. Likewise, due to a complete shutdown ride-sharing markets have also witnessed the disruption of their services which has adversely affected the global market. Physical distancing has been the most important precautionary measure which has impacted the market, fear of the spread of infection has shifted consumer’s preference towards more personalized services. Low business activity due to declining demand for ride-sharing services and the rising inclination of corporations towards a work-from-home policy to cope up with the pandemic has led to a fall in the demand for the ride-sharing market. Drivers have suffered to meet daily expenses and overheads, might not observe immediate relief, and continue to witness a fall in the demand. Incorporating additional precautions to ensure contactless commuting service would certainly increase the operating costs subsequently leading to a rise in fares.

Global Organic Market: Key Players

Uber Technologies Inc.

Company Overview

Business Strategy

Key Product Offerings

Financial Performance

Key Performance Indicators

Risk Analysis

Recent Development

Regional Presence

SWOT Analysis

Didi Chuxing Technology Co. Ltd.

ANI Technologies Pvt. Ltd. (OLA)

Grab Holdings Inc

Lyft, Inc

Camuto S.A. (BlaBlaCar)

Carma Technology Corp

RideCharge, Inc.

BYKEA Technologies Pvt. Ltd

Other Prominent Players

Global Ride-Sharing Market: Regions

Global Ride Sharing market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Global Ride Sharing market in Asia-Pacific held the largest market share in the year 2019. Mounting urbanization and busy schedules have led to a rise in demand for ride-sharing services. In addition to this lower GDP per capita, lower personal vehicles per 1000 people, and flexible government policies for ride-sharing services are anticipated to boost the growth of global sharing market in the region.

Global RIDE SHARING market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Ride Sharing market report also contains analysis on:

Ride Sharing Market Segments:

Business Type

B2B {Business to Business}

B2C {Business to Consumer}

P2P {Peer to Peer}

By Vehicle Type

Car

Bike/Scooter

Others (Vans, Buses, etc)

By Service Type

Ride-hailing

Car Pooling

Ride Sharing Market Dynamics

Ride Sharing Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Global Ride Sharing Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Global Ride Sharing Market Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Global Ride Sharing Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Global Ride Sharing Market: Market Segmentation

12.1. By Regions

12.1.1. North America:(U.S. and Canada)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Business Type: Market Share (2020-2030F)

12.2.1. B2B, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.2. B2C, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.3. P2P, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3. By Vehicle: Market Share (2020-2030F)

12.3.1. Car, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. Bike/Scooter, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.3. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4. By Services: Market Share (2020-2030F)

12.4.1. Ride hailing, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.2. Car-Pooling, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Company Profile

12.1. Uber Technologies Inc.

12.1.1. Company Overview

12.1.2. Company Total Revenue (Financials)

12.1.3. Market Potential

12.1.4. Global Presence

12.1.5. Key Performance Indicators

12.1.6. SWOT Analysis

12.1.7. Product Launch

12.2. DiDi Chuxing Technology Co. Ltd.

12.3. ANI Technologies Pvt. Ltd. (OLA)

12.4. Grab Holdings Inc

12.5. Lyft, Inc

12.6. Comuto S.A. (BlaBlaCar)

12.7. Carma Technology Corp

12.8. RideCharge, Inc.

12.9. BYKEA Technologies Pvt. Ltd

12.10. Other Prominent Players

13. Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)