Product Code: IRTNTR44662
The ride hailing services market is forecasted to grow by USD 102184.1 million during 2024-2029, accelerating at a CAGR of 16.1% during the forecast period. The report on the ride hailing services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising use of online ride hailing services, increasing smartphone and internet penetration of ride hailing services, and rapid growth in urbanization.
Market Scope |
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 15.5% |
CAGR | 16.1% |
Incremental Value | $102184.1 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's ride hailing services market is segmented as below:
By Application
By Mode Of Booking
By Vehicle Type
- Four wheelers
- Two wheelers
- Three wheelers
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing merger and acquisition activities in global ride hailing services market as one of the prime reasons driving the ride hailing services market growth during the next few years. Also, increasing investment in autonomous vehicles and rising adoption of electric vehicles (EVs) will lead to sizable demand in the market.
The report on the ride hailing services market covers the following areas:
- Ride Hailing Services Market sizing
- Ride Hailing Services Market forecast
- Ride Hailing Services Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ride hailing services market vendors that include ANI Technologies Pvt. Ltd., Be Group Joint Stock Co., Bolt Technology OU, Comuto SA, DiDi Global Inc., FastGo Joint stock Co., Grab Holdings Ltd., GT Gettaxi UK Ltd., Junoride, Lyft Inc., My Taxi Ride Inc., Ridecell Inc, SUOL INNOVATIONS LTD, The Addison Lee Group, TomTom NV, Transopco UK Ltd., Uber Technologies Inc., Via Transportation Inc., Wheely Technologies Ltd., and YandexGo. Also, the ride hailing services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Mode of Booking
- Executive Summary - Chart on Market Segmentation by Vehicle Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Ride Hailing Services Market 2019 - 2023
- Historic Market Size - Data Table on Global Ride Hailing Services Market 2019 - 2023 ($ million)
- 5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
- 5.3 Mode of Booking segment analysis 2019 - 2023
- Historic Market Size - Mode of Booking Segment 2019 - 2023 ($ million)
- 5.4 Vehicle Type segment analysis 2019 - 2023
- Historic Market Size - Vehicle Type Segment 2019 - 2023 ($ million)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 The AI impact on Global Ride Hailing Services Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
- 8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 8.3 Car sharing - Market size and forecast 2024-2029
- Chart on Car sharing - Market size and forecast 2024-2029 ($ million)
- Data Table on Car sharing - Market size and forecast 2024-2029 ($ million)
- Chart on Car sharing - Year-over-year growth 2024-2029 (%)
- Data Table on Car sharing - Year-over-year growth 2024-2029 (%)
- 8.4 E-hailing - Market size and forecast 2024-2029
- Chart on E-hailing - Market size and forecast 2024-2029 ($ million)
- Data Table on E-hailing - Market size and forecast 2024-2029 ($ million)
- Chart on E-hailing - Year-over-year growth 2024-2029 (%)
- Data Table on E-hailing - Year-over-year growth 2024-2029 (%)
- 8.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
9 Market Segmentation by Mode of Booking
- 9.1 Market segments
- Chart on Mode of Booking - Market share 2024-2029 (%)
- Data Table on Mode of Booking - Market share 2024-2029 (%)
- 9.2 Comparison by Mode of Booking
- Chart on Comparison by Mode of Booking
- Data Table on Comparison by Mode of Booking
- 9.3 Online - Market size and forecast 2024-2029
- Chart on Online - Market size and forecast 2024-2029 ($ million)
- Data Table on Online - Market size and forecast 2024-2029 ($ million)
- Chart on Online - Year-over-year growth 2024-2029 (%)
- Data Table on Online - Year-over-year growth 2024-2029 (%)
- 9.4 Offline - Market size and forecast 2024-2029
- Chart on Offline - Market size and forecast 2024-2029 ($ million)
- Data Table on Offline - Market size and forecast 2024-2029 ($ million)
- Chart on Offline - Year-over-year growth 2024-2029 (%)
- Data Table on Offline - Year-over-year growth 2024-2029 (%)
- 9.5 Market opportunity by Mode of Booking
- Market opportunity by Mode of Booking ($ million)
- Data Table on Market opportunity by Mode of Booking ($ million)
10 Market Segmentation by Vehicle Type
- 10.1 Market segments
- Chart on Vehicle Type - Market share 2024-2029 (%)
- Data Table on Vehicle Type - Market share 2024-2029 (%)
- 10.2 Comparison by Vehicle Type
- Chart on Comparison by Vehicle Type
- Data Table on Comparison by Vehicle Type
- 10.3 Four wheelers - Market size and forecast 2024-2029
- Chart on Four wheelers - Market size and forecast 2024-2029 ($ million)
- Data Table on Four wheelers - Market size and forecast 2024-2029 ($ million)
- Chart on Four wheelers - Year-over-year growth 2024-2029 (%)
- Data Table on Four wheelers - Year-over-year growth 2024-2029 (%)
- 10.4 Two wheelers - Market size and forecast 2024-2029
- Chart on Two wheelers - Market size and forecast 2024-2029 ($ million)
- Data Table on Two wheelers - Market size and forecast 2024-2029 ($ million)
- Chart on Two wheelers - Year-over-year growth 2024-2029 (%)
- Data Table on Two wheelers - Year-over-year growth 2024-2029 (%)
- 10.5 Three wheelers - Market size and forecast 2024-2029
- Chart on Three wheelers - Market size and forecast 2024-2029 ($ million)
- Data Table on Three wheelers - Market size and forecast 2024-2029 ($ million)
- Chart on Three wheelers - Year-over-year growth 2024-2029 (%)
- Data Table on Three wheelers - Year-over-year growth 2024-2029 (%)
- 10.6 Market opportunity by Vehicle Type
- Market opportunity by Vehicle Type ($ million)
- Data Table on Market opportunity by Vehicle Type ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 12.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 12.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 12.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.9 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.10 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.11 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.12 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.13 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.14 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ million)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 12.15 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ million)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ million)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
- 12.16 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.17 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
13 Drivers, Challenges, and Opportunity/Restraints
- 13.1 Market drivers
- 13.2 Market challenges
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities/restraints
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 ANI Technologies Pvt. Ltd.
- ANI Technologies Pvt. Ltd. - Overview
- ANI Technologies Pvt. Ltd. - Product / Service
- ANI Technologies Pvt. Ltd. - Key offerings
- SWOT
- 15.5 Be Group Joint Stock Co.
- Be Group Joint Stock Co. - Overview
- Be Group Joint Stock Co. - Product / Service
- Be Group Joint Stock Co. - Key offerings
- SWOT
- 15.6 Comuto SA
- Comuto SA - Overview
- Comuto SA - Product / Service
- Comuto SA - Key offerings
- SWOT
- 15.7 DiDi Global Inc.
- DiDi Global Inc. - Overview
- DiDi Global Inc. - Product / Service
- DiDi Global Inc. - Key offerings
- SWOT
- 15.8 FastGo Joint stock Co.
- FastGo Joint stock Co. - Overview
- FastGo Joint stock Co. - Product / Service
- FastGo Joint stock Co. - Key offerings
- SWOT
- 15.9 Grab Holdings Ltd.
- Grab Holdings Ltd. - Overview
- Grab Holdings Ltd. - Business segments
- Grab Holdings Ltd. - Key offerings
- Grab Holdings Ltd. - Segment focus
- SWOT
- 15.10 GT Gettaxi UK Ltd.
- GT Gettaxi UK Ltd. - Overview
- GT Gettaxi UK Ltd. - Product / Service
- GT Gettaxi UK Ltd. - Key offerings
- SWOT
- 15.11 Junoride
- Junoride - Overview
- Junoride - Product / Service
- Junoride - Key offerings
- SWOT
- 15.12 Lyft Inc.
- Lyft Inc. - Overview
- Lyft Inc. - Product / Service
- Lyft Inc. - Key offerings
- SWOT
- 15.13 My Taxi Ride Inc.
- My Taxi Ride Inc. - Overview
- My Taxi Ride Inc. - Product / Service
- My Taxi Ride Inc. - Key offerings
- SWOT
- 15.14 Transopco UK Ltd.
- Transopco UK Ltd. - Overview
- Transopco UK Ltd. - Product / Service
- Transopco UK Ltd. - Key offerings
- SWOT
- 15.15 Uber Technologies Inc.
- Uber Technologies Inc. - Overview
- Uber Technologies Inc. - Business segments
- Uber Technologies Inc. - Key offerings
- Uber Technologies Inc. - Segment focus
- SWOT
- 15.16 Via Transportation Inc.
- Via Transportation Inc. - Overview
- Via Transportation Inc. - Product / Service
- Via Transportation Inc. - Key offerings
- SWOT
- 15.17 Wheely Technologies Ltd.
- Wheely Technologies Ltd. - Overview
- Wheely Technologies Ltd. - Product / Service
- Wheely Technologies Ltd. - Key offerings
- SWOT
- 15.18 YandexGo
- YandexGo - Overview
- YandexGo - Product / Service
- YandexGo - Key offerings
- SWOT
16 Appendix
- 16.1 Scope of the report
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations