Ride Hailing Services Market Size, Share & Trends Analysis Report By Offering (E-hailing, Car Sharing, Rental), By Region, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global ride hailing services market size is expected to reach USD 82.37 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 12.8% during the forecast period. Rising need to combat the rushing traffic coupled with pilling road taxes is expected to expand the scope of ride-hailing services. These rides are easily traceable and the contacts of both the passenger and driver are easily accessible. This factor is projected to bode well for the adoption of these services. Low cost of car ownership and growing employment opportunities is expected to open new avenues over the next few years.

In January 2019, TukTuk-Ride launched a new ride hailing service app for ten major cities in India. The consumers have to pay INR 14 per kilometer for cabs and INR 8 per kilometer for bike taxis. The organization is also planning to expand their services by incorporating luxury cars, vintage cars, e-bikes, deliver vehicles, and ambulances in the same service segment. Dallas-based Alto launched its ride hailing service in January 2019, through the funding of USD 14.5 million from companies including Road Ventures and Frog Ventures. The company will expand to more U.S. cities by the end of 2019.

Some of the automotive manufacturers are expected to enter the market to maintain their customer base over the next eight years. For instance, developing economies including China and India are expected to remain some of the favorable destination as a result of urbanization and expansion of middle-income population. Furthermore, other cab hailing services are entering the China ride sharing service market. For instance, in October 2018, SAIC Motor, Geely and Daimler jointly announced plans for new ride hailing services in China. Additionally, BMW initiated its premium service, ReachNow for China in January 2019. The new venture has a crew of drivers to chauffer rides in a fleet of 200 BMW 5 series. The organization plans to include Mercedes-Benz E-Class and Audi A6 in the fleet. The service will cost around USD 3 per kilometer.

In January 2019, Grab Holdings Inc. announced plans for commencing three new ride hailing services under the names, GrabShuttle, GrabCall, and GrabCall in Myanmar. GrabShuttle will be targeted at office workers and university students and GrabCall will allow booking cabs through call center agents. Grab Web Booking allows booking trips through online portals.

Further key findings from the report suggest:

• E-hailing offering segment accounted for more than 50% of the market share in terms of revenue in 2018

• Car rental offering segment is expected to register the fastest CAGR of 13.8% from 2019 to 2025

• North America held a market share exceeding 35% in 2018 and is anticipated to register significant growth over the forecast period

• Asia Pacific is expected to witness the fastest CAGR of 13.9% in the ride hailing services market during the forecast period

 Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Market Segmentation & Scope
                  1.2. Market Definition
                  1.3. Information Procurement
                      1.3.1. Purchased Database
                      1.3.2. GVR's Internal Database
                      1.3.3. Secondary Sources & Third-Party Perspectives
                      1.3.4. Primary Research
                  1.4. Information Analysis 
                      1.4.1. Data Analysis Models
                  1.5. Market Formulation & Data Visualization
                  1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                  2.1. Market Outlook
                  2.2. Segmental Outlook
                  2.3. Competitive Insights
Chapter 3. Ride Hailing Services Market Variables, Trends & Scope
                  3.1. Market Introduction
                  3.2. Penetration & Growth Prospect Mapping
                  3.3. Industry Value Chain Analysis
                      3.3.1. Sales/Retail Channel Analysis
                      3.3.2. Profit Margin Analysis
                  3.4. Market Dynamics
                      3.4.1. Market Driver Analysis
                      3.4.2. Market Restraint Analysis
                      3.4.3. Industry Challenges
                      3.4.4. Industry Opportunities
                  3.5. Business Environment Analysis
                      3.5.1. Industry Analysis - Porter's
                          3.5.1.1. Supplier Power
                          3.5.1.2. Buyer Power
                          3.5.1.3. Substitution Threat
                          3.5.1.4. Threat from New Entrant 
                          3.5.1.5. Competitive Rivalry
                  3.6. Roadmap of Ride Hailing Services Market
                  3.7. Market Entry Strategies 
Chapter 4. Consumer Behavior Analysis
                  4.1. Consumer Trends and Preferences
                  4.2. Factors Affecting Buying Decision 
                  4.3. Consumer Offering Adoption 
                  4.4. Observations & Recommendations
Chapter 5. Ride Hailing Services Market: Offering Estimates & Trend Analysis
                  5.1. Offering Movement Analysis & Market Share, 2018 & 2025
                  5.2. E-hailing
                      5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.3. Car Sharing
                      5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.4. Rental
                      5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Ride Hailing Services Market: Regional Estimates & Trend Analysis
                  6.1. Regional Movement Analysis & Market Share, 2018 & 2025
                  6.2. North America
                      6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      6.2.2. Market estimates and forecast, by offering, 2015 - 2025 (USD Million)
                      6.2.3. U.S.
                          6.2.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          6.2.3.2. Market estimates and forecast, by offering, 2015 - 2025 (USD Million)
                  6.3. Europe
                      6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      6.3.2. Market estimates and forecast, by offering, 2015 - 2025 (USD Million)
                      6.3.3. Germany
                          6.3.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          6.3.3.2. Market estimates and forecast, by offering, 2015 - 2025 (USD Million)
                      6.3.4. U.K.
                          6.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          6.3.4.2. Market estimates and forecast, by offering, 2015 - 2025 (USD Million)
                  6.4. Asia Pacific
                      6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      6.4.2. Market estimates and forecast, by offering, 2015 - 2025 (USD Million)
                      6.4.3. China 
                          6.4.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          6.4.3.2. Market estimates and forecast, by offering, 2015 - 2025 (USD Million)
                      6.4.4. India
                          6.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          6.4.4.2. Market estimates and forecast, by offering, 2015 - 2025 (USD Million)
                  6.5. Central & South America
                      6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      6.5.2. Market estimates and forecast, by Offering, 2015 - 2025 (USD Million)
                      6.5.3. Brazil
                          6.5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          6.5.3.2. Market estimates and forecast, by Offering, 2015 - 2025 (USD Million)
                  6.6. Middle East & Africa 
                      6.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      6.6.2. Market estimates and forecast, by Offering, 2015 - 2025 (USD Million)
                      6.6.3. UAE
                          6.6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          6.6.3.2. Market estimates and forecast, by Offering, 2015 - 2025 (USD Million)
Chapter 7. Competitive Analysis
                  7.1. Key global players, recent developments & their impact on the industry
                  7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                  7.3. Vendor Landscape
                      7.3.1. Key company market share analysis, 2018
Chapter 8. Company Profiles
                  8.1. Uber
                      8.1.1. Company Overview
                      8.1.2. Financial Performance
                      8.1.3. Offering Benchmarking
                      8.1.4. Strategic Initiatives
                  8.2. Lyft
                      8.2.1. Company Overview
                      8.2.2. Financial Performance
                      8.2.3. Offering Benchmarking
                      8.2.4. Strategic Initiatives
                  8.3. Via
                      8.3.1. Company Overview
                      8.3.2. Financial Performance
                      8.3.3. Offering Benchmarking
                      8.3.4. Strategic Initiatives
                  8.4. Juno
                      8.4.1. Company Overview
                      8.4.2. Financial Performance
                      8.4.3. Offering Benchmarking
                      8.4.4. Strategic Initiatives
                  8.5. Xoox
                      8.5.1. Company Overview
                      8.5.2. Financial Performance
                      8.5.3. Offering Benchmarking
                      8.5.4. Strategic Initiatives
                  8.6. Wheely
                      8.6.1. Company Overview
                      8.6.2. Financial Performance
                      8.6.3. Offering Benchmarking
                      8.6.4. Strategic Initiatives
                  8.7. ViaVan
                      8.7.1. Company Overview
                      8.7.2. Financial Performance
                      8.7.3. Offering Benchmarking
                      8.7.4. Strategic Initiatives
                  8.8. My Taxi
                      8.8.1. Company Overview
                      8.8.2. Financial Performance
                      8.8.3. Offering Benchmarking
                      8.8.4. Strategic Initiatives
                  8.9. Gett
                      8.9.1. Company Overview
                      8.9.2. Financial Performance
                      8.9.3. Offering Benchmarking
                      8.9.4. Strategic Initiatives
                  8.10. Addison Lee
                      8.10.1. Company Overview
                      8.10.2. Financial Performance
                      8.10.3. Offering Benchmarking
                      8.10.4. Strategic Initiatives

List of Tables

1. Ride Hailing Services - Key market driver analysis
2. Ride Hailing Services - Key market restraint analysis
3. Global e-hailing market estimates and forecast, 2015 - 2025 (USD Million)
4. Global car sharing market estimates and forecast, 2015 - 2025 (USD Million)
5. Global rental market estimates and forecast, 2015 - 2025 (USD Million)
6. North America ride hailing services market estimates and forecast, 2015 - 2025 (USD Million)
7. North America ride hailing services market revenue, by offering, 2015 - 2025 (USD Million)
8. U.S. ride hailing services market estimates and forecast, 2015 - 2025 (USD Million)
9. U.S. ride hailing services market revenue, by offering, 2015 - 2025 (USD Million)
10. Europe ride hailing services market estimates and forecast, 2015 - 2025 (USD Million)
11. Europe ride hailing services market revenue, by offering, 2015 - 2025 (USD Million)
12. Germany ride hailing services market estimates and forecast, 2015 - 2025 (USD Million)
13. Germany ride hailing services market revenue, by offering, 2015 - 2025 (USD Million)
14. U.K. ride hailing services market estimates and forecast, 2015 - 2025 (USD Million)
15. U.K. ride hailing services market revenue, by offering, 2015 - 2025 (USD Million)
16. Asia Pacific ride hailing services market estimates and forecast, 2015 - 2025 (USD Million)
17. Asia Pacific ride hailing services market revenue, by offering, 2015 - 2025 (USD Million)
18. China ride hailing services market estimates and forecast, 2015 - 2025 (USD Million)
19. China ride hailing services market revenue, by offering, 2015 - 2025 (USD Million)
20. India ride hailing services market estimates and forecast, 2015 - 2025 (USD Million)
21. India ride hailing services market revenue, by offering, 2015 - 2025 (USD Million)
22. Central & South America ride hailing services market estimates and forecast, 2015 - 2025 (USD Million)
23. Central & South America ride hailing services market revenue, by offering, 2015 - 2025 (USD Million)
24. Brazil ride hailing services market estimates and forecast, 2015 - 2025 (USD Million)
25. Brazil ride hailing services market revenue, by offering, 2015 - 2025 (USD Million)
26. Middle East & Africa ride hailing services market estimates and forecast, 2015 - 2025 (USD Million)
27. Middle East & Africa ride hailing services market revenue, by offering, 2015 - 2025 (USD Million)
28. UAE ride hailing services market estimates and forecast, 2015 - 2025 (USD Million)
29. UAE ride hailing services market revenue, by offering, 2015 - 2025 (USD Million)
30. Vendor landscape

List of Figures

1. Ride hailing services market snapshot 
2. Ride hailing services market segmentation & scope
3. Ride hailing services market penetration & growth prospect mapping
4. Ride hailing Services value chain analysis
5. Ride hailing services market dynamics
6. Ride hailing services market Porter's analysis 
7. Ride hailing services market: Offering movement analysis 
8. Ride hailing services market: Application movement analysis
9. Ride hailing services market: Distribution Channel movement analysis 
10. Ride hailing services market: Regional movement analysis