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On-Demand Ride Services Market Size, Share, And Trends By Type (Ride-Hailing, Car Rental), By Business Model (B2B, B2C, C2C), And By Geography – Forecast From 2019 To 2024

102 pages
Published on : Aug 2019
Report Code : KSI061612821

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Description

The on-demand ride services market is projected to grow at a CAGR of 6.25% during the forecast period, reaching a total market size of US$175.680 billion in 2024. Growing global travel and tourism industry is one of the major drivers of on-demand ride services market. Rising adoption of smart connected devices and lower cost of these services are also boosting the growth of on-demand ride services market. However, factors such as lack of regulation, fluctuating fares, and inadequate insurance coverage are hindering the growth of on-demand ride services market. Geographically, North America and Europe regional markets accounted for significant market shares in 2018.
 
DRIVERS
Growing global travel and tourism industry
High cost of ownership of cars
 
RESTRAINTS
Lack of regulation
Fluctuating fares
 
INDUSTRY UPDATES
India-based ride-hailing platform OLA is planning to invest over $5 million to launch ‘self-drive’ service to diversify its portfolio of transportation solutions.
 
Enterprise Holdings has recently announced its plans to launch a car subscription service.
The major players profiled in the On-Demand Ride Services market include Enterprise Holdings, Uber, Lyft, Avis Budget Group, Europcar, Sixt, Gett, Hailo, and Grab Holdings Inc.
 
Segmentation
The On-Demand Ride Services Market has been analyzed through the following segments:
 
By Type
Ride-Hailing
Car Rental
 
By Business Model
B2B
B2C
C2C
 
By Geography
North America
USA
Canada
Mexico
 
South America
Brazil
Argentina
Others
 
Europe
United Kingdom
Germany
France
Italy
Spain
Others
 
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
 
Asia Pacific
China
Japan
India
Australia
Others

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