Dublin, Jan. 17, 2019 (GLOBE NEWSWIRE) -- The "Ride Sharing Market by Type (E-hailing, Station-Based, Car Sharing & Rental), Car Sharing (P2P, Corporate), Service (Navigation, Payment, Information), Micro-Mobility (Bicycle, Scooter), Vehicle Type, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The ride sharing market is estimated to be USD 61.3 billion in 2018 and is projected to reach USD 218.0 billion by 2025, at a CAGR of 19.87%.

The growing need for personal mobility in the wake of rising urbanization and fall in car ownership is driving the demand for ride sharing. The factors which restrain the market are resistance from traditional transport services and complex transport policies of different countries.

"Station-based mobility is the fastest growing segment in the global ride sharing market"

The station-based mobility market is expected to grow at the fastest CAGR. Governments incentivize Station-based mobility across the world, and dedicated tracks are laid in various countries for the station to station mobility. Car sharing is the second fastest growing segment. The growth of car sharing is attributed to its benefits such as getting benefits of a private vehicle without the costs and responsibilities of car ownership. Car sharing companies are entering into different markets to cater the ride sharing market. For instance, BlaBlaCar has expanded to Russia and Ukraine, the two biggest countries in Europe. Some of the largest players in this market are car2go, Maven, BlaBlaCar, and Getaround.

"Navigation service constitutes the largest data service for the ride sharing market globally"

Navigation service has the largest market size in data service for the ride sharing market globally. Navigation guides drivers and passengers regarding location and route. Also, mapping and traffic data provides a better user experience. The use of navigation service is imperative for ride sharing service. Thus, the increasing number of ride sharing service users influence the demand for ride sharing data services. Availing and maintaining these services is costly, and as ride sharing companies are working toward increasing profitability, it would be beneficial for them to develop services of their own to save cost.

"Asia Oceania is estimated to be the largest market for ride sharing during the forecast period."

The Asia Oceania region is expected to lead the ride sharing market in terms of market size. Dense population and increasing urbanization are driving the ride sharing market. Increasing urbanization leads to traffic congestion, and increasing population boosts the demand for different mobility options in urban areas. E-hailing services such as app-based taxi services, car sharing services, and station-based mobility are expected to flourish in this region because of the increasing population of urban areas.

DiDi is the largest player in the region and has close to 400 million subscribers according to news sources. The company enjoys a monopoly in China and is expanding is business to other South East Asian countries to widen its footprint.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Ride Sharing Market
4.2 Ride Sharing Market, By Region
4.3 Ride Sharing Market, By Country
4.4 Ride Sharing Market, By Service Type
4.5 Car Sharing Market, By Type
4.6 Ride Sharing Market, By Vehicle Type
4.7 Micro Mobility Market, By Vehicle Type
4.8 Ride Sharing Market, By Data Service
4.9 Ride Sharing Market, By Distance

5 Market Overview
5.1 Introduction
5.2 Ride Sharing - an Overall Ecosystem
5.3 Drivers
5.3.1 Increasing Smartphone and Internet Penetration
5.3.2 Increase in Cost of Vehicle Ownership
5.3.2.1 Reduction in Car Ownership Among Millennials
5.3.2.2 Rising Fuel Prices
5.3.3 Stringent Co2 Reduction Targets
5.4 Restraints
5.4.1 Resistance From Traditional Transport Services
5.4.2 Varying Transport Policies of Different Countries
5.5 Opportunities
5.5.1 Increasing User Base Among Millennials and Potential Generation Z
5.5.2 Development of Autonomous Vehicles for Ride Sharing
5.5.3 Oems as Mobility Service Providers
5.5.4 Public-Private Partnerships
5.5.5 Micro-Mobility
5.6 Challenges
5.6.1 Profitability and Sustainability Model
5.6.2 First Mile Last Mile

6 Industry Trends
6.1 Introduction
6.2 Porters Five Forces Analysis
6.2.1 Intensity of Competitive Rivalry
6.2.2 Threat of Substitutes
6.2.3 Bargaining Power of Suppliers
6.2.4 Bargaining Power of Buyers
6.2.5 Threat of New Entrants
6.3 Impact of Autonomy on Ride Hailing

7 Ride Sharing Market, By Service Type
7.1 Introduction
7.1.1 Research Methodology
7.1.2 Assumptions and Definitions
7.1.3 Industry Insights
7.2 E-Hailing
7.2.1 E-Hailing Leads the Ride Sharing Market With the Presence of Industry Leaders Like Uber and Didi
7.3 Car Sharing
7.3.1 Rise in Daily Commute to Work Places and Increased Need to Save Fuel & Cost are Anticipated to Fuel the Car Sharing Market
7.4 Car Rental
7.4.1 The Demand for Car Rental Will Remain Stagnant Due to Growing Demand for Car Sharing and Station Based Mobility
7.5 Station Based Mobility
7.5.1 Free Floating With Station Based Mobility Can Be A Game Changing Service in the Future

8 Car Sharing Market, By Type
8.1 Introduction
8.1.1 Research Methodology
8.1.2 Assumptions
8.1.3 Industry Insights
8.2 P2P Car Sharing
8.2.1 With the Presence of Industry Leaders Getaround and Blablacar, P2P Leads the Car Sharing Market
8.3 Corporate Car Sharing
8.3.1 Corporate Car Sharing Will Grow Faster in Future, as It is Easier to Find People Travelling for Business Purposes

9 Ride Sharing Market, By Vehicle Type
9.1 Introduction
9.1.1 Research Methodology
9.1.2 Assumptions
9.1.3 Industry Insights
9.2 Ice (Internal Combustion Engine) Vehicle
9.2.1 Ice Vehicles Have the Dominant Presence All Across the Globe in the Ride Sharing Industry
9.3 Cng/Lpg Vehicle
9.3.1 High Adoption in India and China Leads Asia Oceania to Cater Largest Cng/Lpg Ride Sharing Market
9.4 Electric Vehicle
9.4.1 Electric Vehicles has the Potential to Disrupt the Ride Sharing Market in Future
9.5 Micro Mobility Vehicle
9.5.1 Asia Oceania is Expected to Be the Largest Market for Micro Mobility

10 Micro Mobility Market, By Vehicle Type
10.1 Introduction
10.1.1 Research Methodology
10.1.2 Assumptions
10.1.3 Industry Insights
10.2 Bike/Bicycle
10.2.1 Asia Oceania Dominates the Bicycle Market Owing to Presence of Leaders Such as Ofo and Mobike
10.3 Scooter
10.3.1 Scooter Will Show Fastest Growth Owing to Increasing Adoption of Electric Scooters
10.4 Others
10.4.1 Powered Two Wheelers are Facing Tough Competition From Scooters

11 Ride Sharing Market, By Data Service
11.1 Introduction
11.1.1 Research Methodology
11.1.2 Assumptions
11.1.3 Industry Insights
11.2 Information Service
11.2.1 With the Advent of Technology the Usage of Information Service has Increased
11.3 Navigation
11.3.1 Navigation is the Most Imperative Data Service for Ride Sharing Service Providers
11.4 Payment Service
11.4.1 Increasing Adoption of Digital Payment Systems Will Prevail the Market for Payment Data Service
11.5 Other
11.5.1 Backend Support is Important for Maintaing Multiple Data Services

12 Ride Sharing Market, By Distance
12.1 Introduction
12.1.1 Research Methodology
12.1.2 Assumptions
12.1.3 Industry Insights
12.2 Short Distance
12.2.1 E-Hailing and Station Based Mobility Will Prevail the Market for Short Distance Ride Sharing
12.3 Long Distance
12.3.1 Car Rentals Drive the Market for Long Distance Ride Sharing Market

13 Ride Sharing Market, By Region
13.1 Introduction
13.1.1 Research Methodology
13.1.2 Assumptions
13.1.3 Industry Insights
13.2 Asia Oceania
13.2.1 China
13.2.2 India
13.2.3 Japan
13.2.4 Singapore
13.2.5 Indonesia
13.2.6 Australia
13.3 Europe
13.3.1 Germany
13.3.2 France
13.3.3 Italy
13.3.4 Russia
13.3.5 Spain
13.3.6 UK
13.3.7 Turkey
13.3.8 Netherlands
13.4 North America
13.4.1 Canada
13.4.2 Mexico
13.4.3 US
13.5 Rest of the World (RoW)
13.5.1 Brazil
13.5.2 UAE
13.5.3 South Africa

14 Competitive Landscape
14.1 Introduction
14.2 Revenue Impact of Ride Sharing Market
14.3 Ride Sharing: Market Share Analysis
14.4 Competitive Situations & Trends
14.4.1 New Product Development
14.4.2 Expansion
14.4.3 Merger/Acquisition/Partnership/Collaboration

15 Company Profiles

  • Aptiv
  • BMW
  • Blablacar
  • Bosch
  • Cabify
  • Car2go
  • Careem
  • Daimler
  • Denso
  • Didi
  • Easy Taxi
  • Ford
  • General Motors
  • Gett
  • Goget
  • Grab
  • IBM
  • Intel
  • Lyft
  • Ola (Ani Technologies)
  • Taxify
  • Tomtom
  • Toyota
  • Uber
  • Waymo

For more information about this report visit https://www.researchandmarkets.com/research/q4krcl/218_billion_ride?w=12

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Related Topics: Cars, Automotive Leasing and Rental, Private Transport Services