Europe & CIS Ride Hailing Market to Grow with a CAGR of 5.94% through 2030
Rising urban congestion, growing smartphone penetration, and increasing
demand for cost-effective mobility solutions are the factors driving the market
in the forecast period 2026–2030.
According to TechSci Research report, “Europe & CIS Ride
Hailing Market – By Country, Competition, Opportunities & Forecast, 2020-2030F”,
The Europe & CIS Ride Hailing Market was valued at USD 65.40 Billion in
2024 and is expected to reach USD 92.45 Billion by 2030 with a CAGR of 5.94%
during the forecast period.
The Europe & CIS ride hailing market is undergoing structural
evolution, shaped by policy shifts, infrastructure modernization, and growing
commercial partnerships. Public-private collaborations are enabling cities to
incorporate ride hailing into official urban transport frameworks, especially
through first-mile and last-mile integration with transit networks. The rise of
corporate mobility programs is also driving enterprise demand, where businesses
increasingly rely on ride hailing solutions for employee transportation,
logistics, and cost optimization. In parallel, evolving consumer expectations
around safety, transparency, and driver quality are pushing platforms to
improve service standards, incorporating background checks, telematics, and
real-time customer support.
Another major force influencing growth is the demographic change among
users, with a growing proportion of middle-aged and senior passengers engaging
with ride hailing due to ease of use and reliability. The expansion of rural
and suburban coverage areas is opening up untapped markets, extending the reach
of ride hailing beyond dense city centers. Moreover, the rise of
subscription-based mobility plans, offering bundled rides or monthly usage
packages, is changing how users engage with these services. Strategic
investments in vehicle fleets especially in hybrid models are improving
availability and response times, while platform competition is accelerating
service innovation. These combined forces are steadily reshaping how personal
and shared mobility is accessed across the region.
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Europe & CIS Ride Hailing
Market Is Segmented by Type, Car Sharing, Service, and Country.
In 2024, peer-to-peer
(P2P) car sharing was the fastest-growing segment in the Europe & CIS ride
hailing market. Consumers embraced the model for its affordability,
flexibility, and potential to earn by sharing unused vehicles. Rising living
costs pushed owners to monetize assets, while users favored short-term rentals
without ownership burdens. Digital platforms simplified booking, insurance, and
identity verification, making P2P access seamless. The model gained traction
among urban dwellers seeking convenient transport without permanent parking. A
wide variety of vehicles, including electric and hybrid models, enhanced its
appeal. Compared to corporate car sharing, which grew more slowly due to
procurement delays and limited user base, P2P offered broader accessibility and
faster scalability.
Germany recorded the
fastest regional growth in P2P car sharing across Europe & CIS in 2024. A
mature mobility ecosystem, strong digital infrastructure, and public openness
to shared transport fueled adoption. Urban residents engaged actively as both
renters and owners, supported by local policies that encouraged shared
mobility. The presence of EV-friendly infrastructure and insurance offerings
customized for P2P users lowered barriers. Platforms enhanced user experience
with multilingual support and doorstep vehicle access. These factors drove high
vehicle utilization and user satisfaction, cementing Germany’s position as the
leading growth market in the P2P car sharing space.
Major Market Players
Operating in Europe & CIS Ride Hailing Market Are:
- Didi Chuxing Technology Co.
- Uber Technologies Inc.
- Lyft Inc.
- Grab Holdings Inc.
- Free now (Daimler)
- BlaBla Car
- OLA
- FastGo Vietnam JSC
- ZuumViet
- Be Group JSC
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“As we look at the Europe & CIS ride hailing
market, what really stands out is how quickly mobility habits are evolving. People
aren’t just booking a ride they’re choosing convenience, flexibility, and
increasingly, sustainability. Whether it’s peer-to-peer car sharing or
integrated app-based transport, the focus is shifting from vehicle ownership to
on-demand access. We’re seeing digital infrastructure, consumer expectations,
and policy support all moving in the same direction making ride hailing a core
part of everyday urban life. The interesting part is how this shift is not only
changing how people move but also how cities are being reshaped around shared
mobility”, said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based global management consulting firm.
“Europe & CIS Ride Hailing Market By Type (E-hailing,
Station-Based, Car Sharing & Rental), By Car Sharing (P2P, Corporate), By
Service (Navigation, Payment, Information), By Country, Competition, Opportunities & Forecast, 2020-2030F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the Europe & CIS Ride Hailing Market.
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