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Ride Sharing Market Share, Trend & Growth Forecast to 2026

The ride sharing market is likely to foresee commendable growth in coming years owing to the rising demand for comfortable and safe urban mobility solutions. The fall in car ownership due to shifting vehicle ownership trends among the youth is also fostering the demand for these ride sharing services. The unprecedented expansions of towns and cities and the increased traffic congestion issues are also estimated to play a crucial role in driving the market for ride sharing in the forthcoming years.

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Ride Sharing Market Share, Trend & Growth Forecast to 2026

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  1. Ride Sharing Market Growth | Industry Analysis Report, 2020-2026

  2. KeyInsights Ride Sharing Market : • The ride sharing market is likely to foresee commendable growth in coming years owing to the rising demand for comfortable and safe urban mobility solutions. The fall in car ownership due to shifting vehicle ownership trends among the youth is also fostering the demand for these ride sharing services. • The unprecedented expansions of towns and cities and the increased traffic congestion issues are also estimated to play a crucial role in driving the market for ride sharing in the forthcoming years. • Moreover, advancements in IoT and Artificial Intelligence technology has enabled prominent ride sharing companies to add value to their services by enhancing the accessibility. This in turn is likely to support the market shift towards ride sharing services.

  3. Continued… • Several companies operating in the market are actively focusing on strategic acquisitions to increase their industry presence and revenues. Citing an instance, in October 2020, Uber, the renowned American ride hailing company, reportedly offered Daimler and BMW approximately $1.2 billion to procure its ride-sharing rival Free Now, which is jointly owned by Daimler and BMW. • Acquiring Free Now would reinforce Uber’s dominance across Europe taxi and ride sharing market. As per current reports, Daimler is ready to sell its taxi business to Uber, but BMW, for now is considering of offering Uber a stake in its business.

  4. Latest Research Ride Sharing Market @ https://bit.ly/2Ubxy0F Request for a Sample Copy of This Research Report @ https://bit.ly/3lg5yoF

  5. Major Companies Ride Sharing Market : • TwoGo • Uber TechnologiesInc. • Via TransportationInc • Waze Mobile Ltd. • ZIFY S.A.S • Zipcar

  6. Regional Ride Sharing Market : • On the geographical front, ride sharing market in APAC is likely to witness robust growth over the coming years. This anticipated growth is ascribed to the rapid shift of the youth towards carpooling and ride sharing services. Likewise, office workers are also increasingly shifting towards these services for reducing their dependence on the use of crowded public transport for routine commute. • With regards to the rapidly growing market demand, regional market players are actively launching novel ride sharing services in the market. For example, in February 2019, Mahindra Group, reportedly launched its ride sharing and e-mobility service Glyd in India.

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