Ride sharing is vehicle rental services provided to customers by various collaborative firms operating across the globe. The rental service comprises of pick up and ferrying the passengers at same or different locations. Ride sharing is gaining popularity across the globe among commuters, and the global ride sharing market is expected to expand at a rapid rate. Some of the major factors augmenting the market growth include increasing penetration of internet, adoption of global positioning system (GPS) and other navigation systems, coupled with the growing use of smartphones. As internet penetration is increasing across the globe, the adoption of software-enabled consumer services is growing, which as a result, accelerating the global ride sharing market.

Global ride sharing market is segmented on the basis of vehicle type and region. On the basis of vehicle type, the market is further segmented into sedan & hatchback, utility vehicle, and buses & coaches. Sedan & hatchbacks are easily available and provide faster service that makes them a preferred choice of vehicles by the consumers. Geographically, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). Among these, North America is expected to contribute significantly to the growth of the market. The market growth is attributed to the presence of major market players in the US, coupled with high popularity and use of shared cab services in the US and Canada. In addition, the growing population coupled with increasing urbanization is driving the growth of the market in the Asia-Pacific region. Further, the countries such as UAE and Brazil are investing in urban infrastructure, which in turn, is surging the growth of the market in RoW.

The market is fragmented in nature with the presence of several players operating in the market. Some of the players dominantly present in the market include Uber Technologies Inc., Lyft Inc., DiDi Chuxing Technology Co., Ltd., Gett Inc., Comuta SA (BlaBlaCar), ANI Technologies Pvt. Ltd. (Ola), Lime, and Grab Holdings Inc., among others. In addition, there are more entrants in the market which further create immense competition among existing players. For instance, in February 2018, Nissan and Hytch entered into a partnership to launch a new app, Hytch Rewards for promoting ride-sharing in Tennessee. The app will be capable of tracking the route details and pay drivers and passengers for riding together. The partnership is aimed at reducing traffic and exploring future mobility solutions.

Research Methodology:

The market study of the global ride sharing market is incorporated by extensive primary and secondary research conducted by a research team at OMR.  Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers and news blogs
• Company websites and their service offerings.

The report is intended for cab service providers, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Global Ride sharing Market Research and Analysis by Vehicle Type

The Report Covers:

• Comprehensive research methodology of the global ride sharing market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global ride sharing market.
• Insights about market determinants which are stimulating the global ride sharing market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.