Global ride-hailing market is estimated to be valued at USD 160.09 Bn in 2024, and is expected to reach  USD 384.56 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 13.3% from 2024 to 2031.

Ride-hailing services have transformed the transportation industry by providing convenient and affordable mobility solutions to consumers. With the widespread adoption of smartphones and advancement in connectivity technologies, major tech companies like Uber and Ola have launched ride-hailing services.  The concept has gained immense popularity especially among the urban population looking for an alternative to own private vehicles. Ride-hailing offers the benefits of on-demand transportation, cashless payments, real-time tracking and affordable fares. The young demographics have embraced these features while companies operate on asset-light model with low overheads.

Market Dynamics:

Global ride-hailing market has witnessed robust growth in the recent years due to increasing smartphone penetration, evolving mobility trends and investments by tech giants. However, factors like regional regulations around driver status, high commission charges to drivers and lack of profitability for operators can hamper the market growth. Substitute services like shared mobility and public transportation can also hamper the market growth. The developments in autonomous vehicles and expanding product offerings around delivery offer opportunities for ride-hailing players to diversify revenue streams. Entering new geographic markets, strategic partnerships and differentiated products will be key for companies to sustain growth amid emerging competition.

Key features of the study:

• This report provides in-depth analysis of the global ride-hailing market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global ride-hailing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Uber, Didi Chuxing, Grab, Bolt, Lyft, Ola Cabs, Taxi, Careem, Gojek, 99, Bitaksi, Cabify, FreeNow, Ola Electric, InDriver, DiDi Mobility, Ruta 66, Beat, ViaVan, Swvl.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global ride-hailing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ride-hailing market.

Market Segmentation

• By Offering
  • E-hailing
  • Car Sharing
  • Rental
•  By Vehicle Type
  • Four Wheeler
  • Others (Two Wheeler, Three Wheeler)
• By End User
  • Personal
  • Business
• By Regional
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Players

• Uber
• Didi Chuxing
• Grab
• Bolt
• Lyft
• Ola Cabs
• Taxi
• Careem
• Gojek
• 99
• Bitaksi
• Cabify
• FreeNow
• Ola Electric
• InDriver
• DiDi Mobility
• Ruta 66
• Beat
• ViaVan
• Swvl