Ride Hailing Services Market to observe USD 44.17 Bn incremental growth; Beijing Xiaoju Technology Co. Ltd., BMW AG, and Carshare Australia Pty Ltd. emerge as key vendors — Technavio

NEW YORK , Oct. 10, 2022 /PRNewswire/ — The global ride hailing services market size is expected to grow by USD 44. 17 billion between 2020 and 2025.

However, the growth momentum in the market is expected to decelerate at a CAGR of 13. 53% during the forecast period. The report identifies Beijing Xiaoju Technology Co.

Ltd. , BMW AG, Carshare Australia Pty Ltd. , Cityhop, and Communauto Inc.

among others as dominant vendors in the market. The report provides a comprehensive analysis of the key product launches, successful strategies adopted by vendors, vendor landscape, major revenue-generating segments, and much more. Download PDF Sample Report Continue Reading Technavio has announced its latest market research report titled Global On Demand Transportation Market 2021-2025 The rising use of online on-demand transportation services has been instrumental in driving the growth of the market.

However, compliance with government regulations might hamper the market growth. The global ride hailing services market is fragmented due to the presence of several vendors. The vendors in the market are forming strategic alliances to gain a competitive edge over their rivals.

For instance, in March 2021 , BMW AG partnered with Daimler Mobility AG to further accelerate the growth of electrification. Similarly, in December 2020 , Orix Corp. acquired Elawan Energy SL, a global renewable energy company.

Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. The report identifies Beijing Xiaoju Technology Co. Ltd.

, BMW AG, Carshare Australia Pty Ltd. , Cityhop, Communauto Inc. , Grab Holdings Inc.

, Lyft Inc. , Orix Corp. , Uber Technologies Inc.

, and Zipcar Inc. as major market participants. Download Sample Report Here Ride Hailing Services Market 2021-2025: Segmentation The global ride hailing services market is segmented as below: Type E-hailing Car Sharing The e-hailing segment will have the largest share of the market during the forecast period.

The rising focus on reducing carbon emissions and decongestion of city streets is driving the growth of the segment. Geography APAC North America Europe South America MEA 48% of the market growth will come from APAC during the forecast period. The growth of the regional market can be attributed to factors such as growing urbanization, increasing baby boomer population, rising demand for car sharing, rising number of tourists, and the presence of prominent vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The ride hailing services market report covers the following areas: Ride Hailing Services Market Size Ride Hailing Services Market Trends Ride Hailing Services Market Industry Analysis Ride Hailing Services Market 2021-2025: Key Highlights CAGR of the market during the forecast period 2021-2025 Detailed information on factors that will assist ride hailing services market growth during the next five years Estimation of the ride hailing services market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the ride hailing services market Analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of ride hailing services market vendors Related Reports: Ride Sharing Market by End-user and Geography – Forecast and Analysis 2021-2025 Cab Services Market by Type and Geography – Forecast and Analysis 2021-2025 Ride Hailing Services Market Scope Report Coverage Details Page number 120 Base year 2020 Forecast period 2021-2025 Growth momentum & CAGR Decelerate at a CAGR of 13. 53% Market growth 2021-2025 USD 44.

17 billion Market structure Fragmented YoY growth (%) 15. 96 Regional analysis APAC, North America, Europe, South America, and MEA Performing market contribution APAC at 48% Key consumer countries China, US, India, UK, and Germany Competitive landscape Leading companies, competitive strategies, consumer engagement scope Companies profiled Beijing Xiaoju Technology Co. Ltd.

, BMW AG, Carshare Australia Pty Ltd. , Cityhop, Communauto Inc. , Grab Holdings Inc.

, Lyft Inc. , Orix Corp. , Uber Technologies Inc.

, and Zipcar Inc. Market Dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents: Executive Summary Market Landscape Market ecosystem Value chain analysis Market Sizing Market definition Market segment analysis Market size 2020 Market outlook: Forecast for 2020 – 2025 Five Forces Analysis Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition Market Segmentation by Type Market segments Comparison by Type E-hailing – Market size and forecast 2020-2025 Car sharing – Market size and forecast 2020-2025 Market opportunity by Type Customer landscape Geographic Landscape Geographic segmentation Geographic comparison APAC – Market size and forecast 2020-2025 North America – Market size and forecast 2020-2025 Europe – Market size and forecast 2020-2025 South America – Market size and forecast 2020-2025 MEA – Market size and forecast 2020-2025 Key leading countries Market opportunity by geography Market drivers Market challenges Market trends Vendor Landscape Vendor landscape Landscape disruption Vendor Analysis Vendors covered Market positioning of vendors Beijing Xiaoju Technology Co. Ltd. BMW AG Carshare Australia Pty Ltd.

Cityhop Communauto Inc. Grab Holdings Inc. Lyft Inc.

Orix Corp. Uber Technologies Inc. Zipcar Inc.

Appendix Scope of the report Currency conversion rates for US$ Research methodology List of abbreviations About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries.

Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.

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