The global ride-hailing market is anticipated to grow significantly at a CAGR during the forecast period. High smartphone and internet penetration globally will drive the growth of the global ride-hailing market. In addition to this, greater funding to the startups of the ride-hailing and increasing cost of the vehicle will drive the growth of the market. Moreover, the growth is attributed to the introduction of new players to the ride-hailing industry. The rising population and growing traffic across the globe are the major restraints for the growth of the market. Besides, the market growth is limited by the decreasing international and domestic tourism owing to the COVID-19 curbs.
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The key players contributing to the growth of the global acne therapeutics market by adopting various strategies such as product launches & developments, mergers and acquisition, partnerships, and agreements, includes ANI Technologies Pvt. Ltd., Baidu Inc., Didi Chuxing Technology Co., Grab Holdings Inc., Lyft, Inc., Via Transportation, Inc. and Maxi Mobility S.L. among others. For instance, S.Ride taxi-hailing services were launched by Sony Corp., a multinational conglomerate in Japan, in Tokyo in 2019. . Furthermore, $200 million funding was gathered by Via Transportation, Inc., under the Series E funding from different investors. After the funding, the company’s market valuation has raised to $2.25 billion, in March 2020.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Ride Hailing Market by Segment
By Vehicle Type
- Passenger Vehicle
- Two-Wheeler
- Other (Auto Rickshaw)
By Propulsion Technology
- IC Engine Vehicle
- Electric Vehicle
Global Ride Hailing Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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