E-hailing market is projected to grow at a CAGR of 20.38% during the forecast period, reaching a total market size of US$522.526 billion in 2024 from US$171.721 billion in 2018. The process of requesting a passenger vehicle through any electronic device such as desktop, mobiles etc. is termed as e-hailing or ride-hailing. Rising proliferation of smartphones and internet connectivity is driving the demand for e-hailing services across the globe. Growing traffic congestion and rising fuel costs is further boosting the demand for e-hailing services, thus positively impacting the growth of e-hailing market. Increasing efforts by the government to regulate the ride hailing industry in different countries will continue to propel the growth of e-hailing market in the coming years. Geographically, APAC is projected to witness the significant market growth during the forecast period owing to rapid expansion of the internet infrastructure coupled with the increasing use of smart devices in countries like India and China.
The “E-hailing Market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyses key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyses the market through comprehensive market segmentation by vehicle type and geography.
The E-hailing market has been segmented based on vehicle type and geography. By vehicle type, the e-hailing market is segment as cars, three-wheelers, and two-wheelers.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyses 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the e-hailing market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the e-hailing market.
By Vehicle Type