Ride Hailing Services Market 2025 Global Industry Trends, Growth, Share, Size

1. Ride Hailing Services Market Size, Share, Growth Factors, Top Leaders, Development Strategy, Future Trends by 2025 Ride Hailing Services Market Report provides in-depth analysis of industry by production, share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key Players, SWOT analysis and Forecast. The global Ride Hailing Services Market size is projected to touch USD 82.37 billion by 2025, according to a new report by Million Insights. The market is estimated to grow at a CAGR of 12.8% over the forecast duration. Increasing focus on reducing congestion and vehicle emission is attributing to the market growth. These services are witnessing rapid adoption owing to convenience, safety and easy accessibility. Further, factors such as increasing demand from office commuters and the low cost of travelling are supplementing the market growth. Considering the growing demand for such services from emerging countries, key players are focusing on expanding their market penetration. For instance, TukTuk-Ride introduced a ride-hailing application in major cities in India. The company charges INR 14 for one kilometer for cab services while INR 8 for bike services. The company is further planning to incorporate various other vehicles such as e-bikes, luxury cars, ambulances and others. In another development, U.S based Alto introduced ride-hailing services with the help of funding it generated from companies such as Frog Ventures and Road Ventures. Further, the company is aiming to expand in other cities in the United States by the end of 2019. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-ride-hailing-services-market Automotive manufacturers are aiming to make entry into the market which is projected to bode well for the market growth over the next few years. Owing to the rapidly growing urban population in countries such as

2. China and India, companies find them lucrative investment destinations. For example, SAIC Motor in collaboration with Daimler and Geely announced their intention to introduce ride-hailing services in China. Further, BMW, in January 2019, started premium services named ReachNow in China. Additionally, Grab Holdings, in 2019, announced that it will commence three ride-hailing services namely GrabCall, GrabShuttle and GrabWeb in Myanmar. All these three services are aimed at catering the need of different consumer groups. By offering type, E-hailing services occupied the largest share, in 2018 with over 50%. Features such as easy to use, one-tap booking and easy navigation are attributing to its market growth. However, rental services are likely to be the fastest-growing segment owing to its growing demand from emerging countries. These services are cost-effective and attract millennials, thereby, proliferating the ride hailing services market growth. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/global-ride-hailing-services-market/request- sample Further key findings from the report suggest: • E-hailing segment held over 50% of the ride hailing service market share in 2018 and this segment is likely to maintain its dominance over the forecast period. • Car rental segment is likely to exhibit the highest growth rate with a CAGR of 13.8% over the forecast duration. • Among different regions, North America held the largest market share with over 35% in 2018. • Asia Pacific, on the other hand, is estimated to grow at a CAGR of 13.9% over the forecast duration. Million Insights has segmented the global ride hailing services market on the basis of offering and region: Ride Hailing Services Offering Outlook (Revenue, USD Million, 2015 - 2025) • E-hailing • Car Sharing • Rental Table Of Contents 1Ride Hailing Services Overview 2Global Ride Hailing Services Application Estimates & Trend Analysis 3Global Ride Hailing Services Size and Growth Prospects

3. 4Global Ride Hailing Services Analysis by Region 5Global Ride Hailing Services Analysis by Type 6Global Ride Hailing Services Analysis by Application 7Global Ride Hailing Services Manufacturers Analysis 8Global Ride Hailing Services Technology and Development Trends Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-ride-hailing-services-market Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184