Ride Hailing Market to Reach a Staggering $ 136 Billion by 2023
Ease
of booking, enhanced passenger comfort, favorable government policies and
rising internet penetration to fuel global ride hailing market through 2023
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.
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in-depth TOC on "Global Ride Hailing Market"
https://www.techsciresearch.com/report/global-ride-hailing-market-by-vehicle-type-passenger-cars-etc-by-service-type-e-hailing-etc-by-internet-connectivity-3g-etc-by-vehicle-connectivity-v2v-v2i-etc-by-company-and-by-geography-forecast-opportunities/1213.html
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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