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Ride-Hailing Service Market Set to Skyrocket, Forecasted to Reach $126.5 Billion by 2025

05-06-2024 06:54 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Ride-Hailing Service Market Set to Skyrocket, Forecasted

According to a recent report published by Allied Market Research, titled, "The Market Size Of Ride-Hailing Service Industry by Service Type, Vehicle Type, Location, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025", The global ride-hailing service market was valued at $36,450.0 million in 2017, and is projected to reach $126,521.2 million by 2025, registering a CAGR of 16.5% from 2018 to 2025.

๐…๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ฌ- https://www.alliedmarketresearch.com/ride-hailing-service-market

At present, North America dominates the market, followed by Asia-Pacific. In 2017, the U.S. led the North American market, while in Asia-Pacific, China currently dominates the market.

The growth of the global ride-hailing service market is driven by rise in trend of on-demand transportation services, increase in employment opportunities, and lower rate of car ownership among millennials. In addition, advancements in connected & automatic vehicles to reduce CO2 emission and further increase in the sales of these vehicles for the use of ride-hailing services propel the growth of the global market.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ - https://www.alliedmarketresearch.com/request-sample/5052

However, low rate of internet penetration in developing regions and the implementation of stringent government policies toward unnecessary hike in service pricing are some of the major restraining factors of this market. Conversely, rise in trend of mobility-as-a-service and increase in users for ride sharing across the globe are anticipated to provide growth opportunities for this market.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ - https://www.alliedmarketresearch.com/ride-hailing-service-market/purchase-options

The global ride-hailing service market is segmented based on service type, vehicle type, location, end user, and region. E-hailing, car rental, car sharing, and station-based mobility are studied under the service type segment. On the basis of vehicle type, the market is categorized into two-wheeler, three-wheeler, four-wheeler, and others. Depending on location type, it is bifurcated into urban and rural. According to end user, it is segregated into institutional and personal. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

๐Œ๐š๐ค๐ž ๐š๐ง ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐  - https://www.alliedmarketresearch.com/purchase-enquiry/5052

๐Š๐ž๐ฒ ๐…๐ข๐ง๐๐ข๐ง๐  ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ข๐๐ž-๐‡๐š๐ข๐ฅ๐ข๐ง๐  ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ:
Based on service type, the e-hailing segment dominated the global ride-hailing service market in year 2017.
North America held the major market share in 2017.
As per vehicle type, the four-wheeler vehicle segment dominated the global ride-hailing service market in 2017. However, the others including van & buses vehicle segment are expected to grow at the highest CAGR as compared with four wheeler segment during the forecast period.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.

๐‹๐ž๐š๐๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ :
GETT,INC., UBER TECHNOLOGIES INC., NUTONOMY (APTIV PLC), GRAB, ANI TECHNOLOGIES PVT. LTD.(OLA TAXIS), DAIMLER AG, DENSO CORPORATION, TOMTOM INTERNATIONAL N.V., DIDI CHUXING TECHNOLOGY CO., LTD., LYFT, INC.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ :
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
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Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web:โ€ฏwww.alliedmarketresearch.com
Allied Market Research Blog:โ€ฏhttps://blog.alliedmarketresearch.com โ€ฏ
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๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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