Ride Hailing Market to Reach a Staggering $ 136 Billion by 2023: TechSci Research Report

by Anamika Singhal SEO - Executive (Automotive)

Ease of booking, enhanced passenger comfort, favorable government policies and rising internet penetration to fuel global ride hailing market through 2023

Industry Reports --> Automotive --> Ride Hailing Market

According to TechSci Research report, Global Ride Hailing Market By Vehicle Type, By Internet Connectivity, By Service Type, By Vehicle Connectivity, Competition Forecast & Opportunities, 2017-2023”, the ride hailing market across the globe is projected to cross $ 136 billion by the end of 2023. Growth in the market is anticipated on account of growing urbanization and rising popularity of ride hailing services. Also, increasing preference of millennials for ride hailing or e-hailing services, development of semi-autonomous and autonomous vehicles, and surging internet penetration are anticipated to boost demand for ride hailing services, globally, over the coming years.

Browse 187 Figures spread through 265 Pages and an in-depth TOC on "Global Ride Hailing Market"

Uber Technologies Inc., Lyft Inc. and Didi Chuxing are among the leading players operating in the global ride hailing market. With a value share of around 95% in 2017, passenger car segment dominated the global ride hailing market in terms of vehicle type. As more and more people are inclining towards passenger car sharing due to its cost effectiveness, the segment is expected to maintain its dominance in the market during the forecast period as well. Asia-Pacific is the largest demand generator for ride hailing services across the globe, backed by the presence of huge population, strong automobile sales and shifting trend from traditional taxis to ride hailing services in the region.

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“Growing collaboration between OEMs and ride hailing service providers such as investments by BMW in Scoop and acquisition of RideScout and myTaxi by Daimler, are being witnessed in the global ride hailing marketplace. On the demand side, increasing consumer preference for ride hailing services instead of traditional taxis would aid the global ride hailing market over the next five years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Ride Hailing Market By Vehicle Type, By Internet Connectivity, By Service Type, By Vehicle Connectivity, Competition Forecast & Opportunities, 2017-2023” has analyzed the potential of ride hailing market across the globe, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry.


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About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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About Anamika Singhal Advanced   SEO - Executive (Automotive)

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Joined APSense since, June 22nd, 2018, From Delhi, India.

Created on Sep 20th 2019 03:44. Viewed 246 times.


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Technologies, Inc. is an American multinational transportation network company (TNC) offering services that include peer-to-peer ridesharing, ride service hailing, food delivery, and a bicycle-sharing system. The company is based in San Francisco and has operations in over 785 metropolitan areas worldwide.Uber Technologies, Inc.

UberCab (2009–2011)
Traded as NYSE: UBER
Industry Transportation
Founded March 2009; 10 years ago
Founders Garrett Camp
Travis Kalanick
Headquarters San Francisco, California, U.S.
Area served
63 countries, 785 metropolitan areas
Key people
Ronald Sugar (Chairman)
Dara Khosrowshahi (CEO)
Nelson Chai (CFO)
Thuan Pham (CTO)
Tony West (CLO)
Products Mobile app, website
Services Vehicle for hire
Delivery (commerce)
Revenue US$11.27 billion (2018)
Operating income
−US$2.836 billion (2018)
Net income
−US$1.8 billion (2018)
Total assets US$23.988 billion (2018)
Total equity US$10.333 billion (2018)
Owner SoftBank Group (16.3%)
Benchmark Capital Partners (11.0%)
Travis Kalanick (8.6%)
Garrett Camp (6.0%)
Public Investment Fund of Saudi Arabia (5.4%)
Alphabet Inc. (5.2%)
Ryan Graves (2.4%)
Number of employees
22,263 worldwide, including 11,488 outside the United States (2018)
Subsidiaries Uber Eats
Jump Bikes
Sep 20th 2019 04:23   
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