Global Ride Hailing Market Segmented By Region—Forecast and Analysis 2022–2028

1. Global Ride Hailing Market is Expected to Grow at a CAGR of 16.3% by 2028 People who are unable to buy a car can still travel easily by using mobility services. The Bureau of Transportation Statistics estimates that the average cost of owning and operating a car is about $8,858, based on an annual mileage assumption of 15 000 km. By making the most of services like ride hailing and automobile sharing, mobility-as-a-service lowers these costs for the user. Additionally, it lowers citywide vehicular emissions and traffic congestion. As a result, digitally enabled ride-hailing and car sharing effectively manage transportation needs and offer a practical and sustainable alternative to owning a private vehicle. Furthermore, figures show that 55% of the world's population currently resides in cities, and predictions indicate that by 2050, 68% of the people will be living in cities The market suffered greatly during the COVID-19 pandemic due to the worldwide lockdowns that were enacted to stop the virus' spread. However, as economies gradually recover, demand is returning to the market. Along with rising demand in developed regions like the United States and Europe, ride-hailing service preferences among passengers have expanded recently in developing nations like India, China, Vietnam, etc. To maintain their respective market shares in a highly competitive industry, the businesses have improved the options and expanded their operations to be offered through mobile applications.

2. DiDi Global Inc.; Gett; Grab Holdings Inc.; and Lyft, Inc. are among key players profiled during the study of the Ride-Hailing Service market. In addition, several other essential market players were also studied and analyzed to get a holistic view of the market and its ecosystem. Get Free sample PDF: https://skyquestt.com/sample-request/ride-hailing-market Traffic congestion is already a result of urbanization's quick pace. By making better use of the current infrastructure for public and private mobility, the Mobility as a Service (MaaS) idea might be a better option for easing traffic congestion. Through 2028, the MaaS market is anticipated to rise due to the urgent need for efficient solutions to manage traffic in smart cities in a quicker, more affordable, and convenient manner. As a result, the global ride-hailing service market is anticipated to increase as a result of the rising trend of mobility as a service (MaaS). Read Market Research Report, "Ride Hailing Marketis Segmented by Service, Vehicle, and Region— Forecast and Analysis 2022–2028” by SkyQuest. The E-hailing, car sharing, car rental, and station-based mobility segments comprise the global ride-hailing market depending on service type. Due to its accessibility and low cost, as well as the exorbitant cost of maintaining own vehicles, heavy traffic, and rising pollution, the global market for car sharing is expected to grow quickly. In addition, stricter government rules on hazardous emissions and increased government support for shared mobility are expected to boost the global industry. The application of technology in this sector will hasten the expansion of the worldwide car sharing market. To draw clients, a number of vendors have embraced technology including car-to-car communication, autonomous driving, and route optimization.Numerous stakeholders are projected to integrate technologically sophisticated systems like vehicle access and reservation systems into cars in the next years, creating major prospects for revenue creation. For instance, in February 2019, Daimler AG partnered with BMW to offer car-sharing services under the ShareNow name. A total of US$ 1.1 billion was invested by the companies in the creation and marketing of their car-sharing services, which are primarily used in Europe. The e-hailing industry is also growing as more people in the nation have access to the internet. Internet World Stats estimates that in March 2021, internet penetration rates were 63.8 percent in Asia, 88.2 percent in Europe, 43.2 percent in

3. Africa, and 93.9 percent in North America. The demand for e-hailing services is also increasing as a result of worsening traffic congestion and rising fuel costs. Online cab reservations in China reached 337 million in June 2019, up 6.7 million from the end of 2018, and accounted for 39.4% of all Internet users, according to the 44th Statistical Report on Internet Development in China published by the China Internet Network Information Center (CNNIC). Urban transportation will undoubtedly be more affected by the e-hailing industry's rapid growth. Read Full Report: https://skyquestt.com/report/ride-hailing-market Report Scope & Segmentation Report Attribute Details Growth Rate CAGR of X % from 2022 to 2028 The base year for estimation 2022 Historical data 2016 – 2021 Forecast period 2022 to 2028 Report coverage Application and Geography ●By Seg-1 – A, B, C ●By Seg-2 – D, E, F Segments covered Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa ●Company 1 (HQ) ●Company 2 (HQ) ●Company 3 (HQ) Key companies profiled Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.

4. Pricing purchase options and Reap the benefits of customized purchase options to fit your specific research requirements. Speak to our Analyst:https://skyquestt.com/speak-with-analyst/ride-hailing- market What does this Report Deliver? ●Market Estimation for 20+ Countries ●Ride Hailing Market demand by Region, Sub-Region, and Country ●Customization on Segments, Regions, and Company Profiles ●100+ tables, 150+ Figures ●Global, Regional and Country specific Ride Hailing Market Trends ●Comprehensive Mapping of Ride Hailing Market Industry Parameters ●Attractive Investment Proposition in the Ride HailingIndustry ●Competitive Strategies Adopted by Ride Hailing Market Key Players ●Drivers, Restraints, Opportunities, Challenges and the impact on the Ride Hailing Market Size ●Market growth rate till 2028 ●Regulatory scenario, regional dynamics, and Ride Hailing market insights of leading countries in each region ●In-depth Market insights by Region and Country ●Market Segmentation Trend Analysis, Opportunities and Growth ●Porter’s five force analysis to know the market’s condition ●Pricing Analysis and Ride Hailing Market Sales ●Parent market analysis ●Product portfolio benchmarking SkyQuest has segmented the Ride Hailingbased on Service, Vehicle, and Region: ●Ride Hailing Market based on Service(Revenue, USD Million, 2022- 2028) ●E-hailing ●Car Sharing ●Car Rental ●Ride Hailing Market based on Vehicle (Revenue, USD Million, 2022- 2028)

5. ●Two-wheeler ●Car ●Ride Hailing Market By Region (Revenue, USD Million, 2022 - 2028) ○North America ■U.S. ■Canada ○Europe ■Germany ■France ■UK ■Italy ■Spain ■Rest of Europe ○Asia Pacific ■China ■India ■Japan ■Rest of Asia Pacific ○Central & South America ■Brazil ■Rest of CSA ○Middle East & Africa ■GCC Countries ■South Africa ■Rest of MEA Key Players in the Ride HailingMarket ●Lyft ●Ola ●Uber ●Careem Taxify ●BlaBlaCar ●DiDi ●Gett ●Grab ●Lime

6. ●Herts ●Juno ●Kabbee About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. Contact Us: Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741 Email: sales@skyquestt.com