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.
Browse 187 Figures
spread through 265 Pages and an 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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