Ride sharing Market Scope
Ride Sharing also called as vanpool, carpool, instant ride-sharing and dynamic ride-sharing. Ride sharing is the type of transportation with one or more than one person travelling along same direction. This type of transportation contains picking different travelers from various places and dropping them to similar or different destinations. It will contain various type of vehicles such as 2-wheeler, 3-wheeler and 4-wheeler. Introduction of application including GPS, high internet speed and habit on smartphone will help to expand ride sharing industry. Adoption of on demand transportation service at any time at any location will help to boost global ride sharing market.
According to AMA, the Global Ride sharing market is expected to see growth rate of 15.8% Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Ride sharing market throughout the predicted period.
Uber Technologies Inc. (United States), ANI Technologies Pvt. Ltd. (OLA) (India), Lyft (United States), Grab (Singapore), Careem (Dubai), Taxify OÜ (Estonia), Gett (Israel), Beijing Xiaoju Technology Co (China), BlaBlaCar (France) and Wingz (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Curb Mobility (United States), Easy Taxi Serviços LTD (Brazil) and Cabify (Spain).
Segmentation Overview
The study have segmented the market of Global Ride sharing market by Type (Hybrid Electric Vehicles (HEV) and Plug-in Electric Vehicles (PEV)), by Application (Institutional and Personal) and Region with country level break-up.
On the basis of geography, the market of Ride sharing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Singapore, Rest of Asia-Pacific), Europe (Germany, United Kingdom, Netherlands, Spain, Estonia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Attraction towards Autonomous Vehicles, Extension into Bike and Scooter-Sharing and Marketing and Promotional Offers
Market Growth Drivers:
Adoption of On Demand Transportation Service, Increasing Dependency on Internet and Smart Phone, Up Surging Demand of Share Rides with Other Person and Rising Employment Opportunity
Challenges:
Strict Government Regulations
Restraints:
Fluctuation in Price of Rides and Intensely Competitive
Opportunities:
Ride Sharing Generate Lucrative Opportunities in Rural Areas in Emerging Country and Technological Advancement
Market Leaders and their Expansionary Development Strategies
On 25th November 2018, Uber, leading on-demand ride-sharing company has launched Uber Care in India, a first-of-its-kind comprehensive platform for thousands of driver partners who choose to drive using the Uber App. This platform offers easy access to term insurance with HDFC life insurance, family health insurance with reliance insurance company.
Key Target Audience
Sharing Cars Service Provider, Potential Investors, Transportation Industry, Government Bodies, Government and Private Research Center and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.