Ride Sharing Market worth $185.1 billion by 2026
                     MarketsandMarkets 
Presents
Ride Sharing Market worth $185.1 
billion by 2026
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mand-market-198699113.html
 
The report "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 2026", Ride Sharing Market is projected 
to grow at a CAGR of 16.6% during the forecast period, from an estimated USD 85.8 billion in 
2021 to USD 185.1 billion by 2026. 
Increase in urbanization, internet and smartphone penetration and increase in cost of vehicle 
ownership is boosting the growth of the market for ride sharing.
Browse 194 market data Tables and 51 Figures spread through 221 Pages and in-depth TOC on 
"Ride Sharing Market”
Top Key Players:
Uber, Lyft, DiDi Chuxing, Grab, Ola, GETT, BLABLA CAR, Intel.
Other Regional Players:
Cabify, Car2Go, Taxify.
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Electric Vehicle segment is expected to be the fastest-growing 
segment during the forecast period
In China, according to David Xu, Didi’s head of strategy, a whopping 21% of 
the ride-hailing fleet is electric. Beijing-based Didi Chuxing Technology Co., 
the world’s largest ride-hailing company, has about 1 million EVs on its 
network, with a goal to hit 10 million by 2028.
Moreover, various developments in recent year as, in 2020, Uber announced 
a new partnership with Lithium Urban Technologies, that is among India’s 
largest electric vehicle fleet operators. This partnership will deploy over 
1,000 electric vehicles for Uber India’s Rentals and Premier services in the 
upcoming years. Additionally, Uber launched its ‘Uber Green’ service in 
London. With this, Uber users in central London can now request a zero-
emission vehicle instead of wholly or partly fossil-fueled cars. In January 
2021, Uber and in January 2021, expanded the Uber Green service in the USA 
after launching in 15 US cities in September. Such developments will bring 
more people toward using ride sharing with electric vehicles.
The e-hailing segment by type is expected to hold the largest market share in 2021
the growing demand for e-hailing services can be attributed to ease of booking, increasing traffic 
congestion, passenger comfort, and rising government initiatives to increase awareness among 
people regarding air pollution are propelling the demand for ride sharing, predominantly e-
hailing. Also, the increasing partnership between domestic and international service providers, 
such as Uber and Didi in China, is also likely to help the e-hailing market grow.
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The P2P car sharing segment is projected to lead the car sharing market
P2P car sharing is a type of vehicle sharing in which people share their cars with co-travelers. 
Also, the P2P model has the owner in the car while the ride is taking place. The demand for P2P 
car sharing has been on the rise. A car becomes an asset that costs the owner huge money for 
traveling; one can save money by traveling with co-passengers and sharing the fuel cost or 
charging the customer accordingly. Major factors driving peer-to-peer car sharing are 
convenience and availability, monetary savings, and expanded mobility options.
Asia Pacific is estimated to be the dominant regional market
In Asia Pacific, developing countries are expected to experience significant growth, primarily in 
urban transportation. The high population growth rate in the region and increasing urbanization 
have intensified the need for transportation. Most of the countries in the region are shifting 
their focus on smart personal mobility to reduce travel time and congestion. Asia Pacific 
accounts for a significantly lower number of vehicles per 1,000 persons as the per capita income 
in most of these countries is lower than in Western countries. Hence, ride sharing offers users a 
sense of owning a vehicle at a much lower cost than actually owning one. Therefore, consumers 
prefer ride sharing services over personal vehicles. Additionally, factors such as a rise in the daily 
commute to workplaces in urban areas and an increased need to save fuel by providing a ride to 
commuters and colleagues heading along the same route are anticipated to fuel the Asia Pacific 
ride sharing market.
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