North America Ride Hailing Market to Surpass $ 35 Billion by 2023
Increasing preference of
millennials for ride hailing or e-hailing services, ease of booking, enhanced
passenger comfort and surging internet penetration to drive the North America ride
hailing market through 2023
According
to TechSci Research report, “North America Ride Hailing Market By
Vehicle Type, By Internet Connectivity, By Service Type, By Vehicle
Connectivity, By Country, Competition Forecast & Opportunities, 2017-2023”, ride hailing market in North America is projected
to reach $ 35 billion by 2023, on the back of increasing inclination of people
towards cab services in the region. Rising air pollution levels owing to the growing
fleet of automobiles, in addition to development of autonomous and
semi-autonomous vehicles and increasing number of collaborations between OEMs
and ride hailing service providers would have a positive impact on the region’s
ride hailing market in the coming years.
Browse 55 market data Figures and Tables spread through 68 Pages and an in-depth TOC on "North America Ride Hailing Market"
https://www.techsciresearch.com/report/north-america-ride-hailing-market/3436.html
With a value
share of more than 95% in ride hailing market across the North America region,
passenger cars are the most preferred vehicle type for ride hailing services,
followed by the micro mobility vehicles segment. Uber Technologies Inc., Lyft Inc. and Didi Chuxing are
among the key players operating in the region’s ride hailing market. Most of
the leading players are investing heavily to develop and expand their ride
hailing services network across the region, which is likely to further aid
market growth during the forecast period.
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Increasing preference of millennials for
ride hailing or e-hailing services on account of enhanced ride comfort and
convenience is expected to continue augmenting demand for ride hailing services
in North America during the forecast period. “United States accounted
for the largest share in North America ride hailing market in 2017 and over the
coming years as well, the country is anticipated to maintain its market
dominance, owing to expanding internet penetration and robust road infrastructure.”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“North
America Ride
Hailing Market By Vehicle Type, By Internet Connectivity, By Service Type,
By Vehicle Connectivity, By Country, Competition Forecast & Opportunities,
2017-2023” has
analyzed the potential of ride
hailing market across the region, 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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