How big is the Ride-Hailing Market?

The Ride-Hailing Market size is expected to reach USD 185.64 billion in 2024 and grow at a CAGR of 9.64% to reach USD 294.11 billion by 2029. Read More

What is the current Ride-Hailing Market size?

In 2024, the Ride-Hailing Market size is expected to reach USD 185.64 billion. Read More

Who are the key players in Ride-Hailing Market?

Uber Technologies, Inc., Lyft, Inc., Grab Holdings Inc., Bolt Technology OÜ and SUOL INNOVATIONS LTD (inDrive) are the major companies operating in the Ride-Hailing Market. Read More

Which is the fastest growing region in Ride-Hailing Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Ride-Hailing Market?

In 2024, the Asia-Pacific accounts for the largest market share in Ride-Hailing Market. Read More

What years does this Ride-Hailing Market cover, and what was the market size in 2023?

In 2023, the Ride-Hailing Market size was estimated at USD 167.74 billion. The report covers the Ride-Hailing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ride-Hailing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the emerging trends in the Ride-hailing Market?

The emerging trends in the Ride-hailing Market are a) Integration with micro-mobility options (e-scooters, bikes) b) Autonomous vehicles c) Subscription-based ride-hailing models Read More

What are the key factors driving the Ride-Hailing Market growth?

Key factors driving the Ride-hailing Market are a) Increasing smartphone penetration b) Need for personal mobility in the wake of urbanization c) Shift towards cashless transactions Read More

What are the emerging trends in the Ride-hailing Market?

The emerging trends in the Ride-hailing Market are a) Integration with micro-mobility options (e-scooters, bikes) b) Autonomous vehicles c) Subscription-based ride-hailing models Read More

Ride Hailing Industry - Companies, Market Share & Size

Ride Hailing Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Ride-Hailing Market Report is Segmented by Vehicle Type (Motorcycles, Cars, Vans, and Buses), Propulsion Type (Internal Combustion Engine (ICE) and Electric), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Sizes and Forecasts for all the Above Segments in Value (USD).

Ride-Hailing Industry Overview

The ride-hailing market is dominated by several key players, such as Didi Chuxing Technology Co., Uber Technologies Inc., Lyft Inc., Grab Holdings Inc., Cabify, Bolt, inDrive, Gett, and Ani Technologies Pvt. Ltd (OLA). These players are actively engaging in mergers and acquisitions, geographical expansions, and introducing advanced features in their ride-hailing platforms to enhance customers' convenience. For instance,

In June 2023, the South Korean ride-hailing platform TADA, operated by VCNC, introduced an English-language service to its app to simplify the user experience for international customers. The English-language functionality also extends to situations where a foreign user is not directly hailing the taxi, but a friend or acquaintance uses the "call for me" feature on their behalf.
In December 2023, the Karnataka government in India planned to launch its ride-hailing app, similar to Ola and Uber, which was expected to be open to the public by February 2024. This decision came after taxi and auto drivers voiced grievances against private ride-hailing platforms in August 2023.