Ride Sharing Market worth $185.1 billion by 2026 - Exclusive Report by MarketsandMarkets™

1. Ride Sharing Market worth $185.1 billion by 2026 - Exclusive Report by MarketsandMarkets™ NEWS PROVIDED BY MarketsandMarkets 14 Jun, 2021, 07:30 ET  CHICAGO, June 14, 2021 /PRNewswire/ -- According to the new market research report "Ride Sharing Market by Type (E-hailing, Station-Based, Car Sharing & Rental), Car Sharing (P2P, Corporate), Service (Navigation, Payment, Information), Micro-Mobility (Bicycle, Scooter), Vehicle Type, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global Ride Sharing Market is projected to grow at a CAGR of 16.6% during the forecast period, from an estimated USD 85.8 billion in 2021 to USD 185.1 billion by 2026. Increase in urbanization, internet and smartphone penetration and increase in cost of vehicle ownership is boosting the growth of the market for ride sharing. Browse in-depth TOC on "Ride Sharing Market" 194 – Tables 51 – Figures 221 – Pages Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 198699113 Electric vehicle segment is expected to be the fastest-growing segment during the forecast period 

2. In China, according to David Xu, Didi's head of strategy, a whopping 21% of the ride-hailing ?eet is electric. Beijing-based Didi Chuxing Technology Co., the world's largest ride-hailing company, has about 1 million EVs on its network, with a goal to hit 10 million by 2028. Moreover, various developments in recent year as, in 2020, Uber announced a new partnership with Lithium Urban Technologies that is among India's largest electric vehicle ?eet operators. This partnership will deploy over 1,000 electric vehicles for Uber India's Rentals and Premier services in the upcoming years. Additionally, Uber launched its 'Uber Green' service in London. With this, Uber users in central London can now request a zero- emission vehicle instead of wholly or partly fossil-fueled cars. In January 2021, Uber and in January 2021, expanded the Uber Green service in the USA after launching in 15 US cities in September. Such developments will bring more people toward using ride sharing with electric vehicles. The e-hailing segment by type is expected to hold the largest market share in 2021 The growing demand for e-hailing services can be attributed to ease of booking, increasing traf?c congestion, passenger comfort, and rising government initiatives to increase awareness among people regarding air pollution are propelling the demand for ride sharing, predominantly e-hailing. Also, the increasing partnership between domestic and international service providers, such as Uber and Didi in China, is also likely to help the e- hailing market grow. Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 198699113   Asia Paci?c is estimated to be the dominant regional market In Asia Paci?c, developing countries are expected to experience signi?cant growth, primarily in urban transportation. The high population growth rate in the region and increasing urbanization have intensi?ed the need for transportation. Most of the countries in the region are shifting their focus on smart personal mobility to reduce travel time and congestion. Asia Paci?c accounts for a signi?cantly lower number of vehicles per 1,000 persons as the per capita income in most of these countries is lower than in Western countries. Hence, ride sharing offers users a sense of owning a vehicle at a much lower cost than actually owning one. Therefore, consumers prefer ride sharing services over personal vehicles. Additionally,

3. factors such as a rise in the daily commute to workplaces in urban areas and an increased need to save fuel by providing a ride to commuters and colleagues heading along the same route are anticipated to fuel the Asia Paci?c Ride Sharing Market. Key Market Players: The report analyzes all major players in the Ride Sharing Market including Didi Chuxing (China), Uber Technologies, Inc (US), Gett (Israel), Lyft, Inc (US), and Grab (Singapore) are the major companies operating in the global Ride Sharing Market. These companies adopted new product development, and expansion strategies to gain traction in the Ride Sharing Market. Browse Related Reports: Mobility as a Service Market by Service (Ride Hailing, Car Sharing, Micro Mobility, Bus Sharing, Train), Solution, Application, Transportation, Vehicle Type, Operating System, Business Model and Region - Global Forecast to 2030 Bike and Scooter Rental Market by Service (Pay as you go and Subscription-based), Propulsion (Pedal, Electric, and Gasoline), Operational Model (Dockless and Station-based), Vehicle (Bike, Scooter), and Region - Global Forecast to 2027 About MarketsandMarkets™  MarketsandMarkets™ provides quanti?ed B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top of?cers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up 

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