NEW YORK, Nov. 3, 2021 /PRNewswire/ -- The ride sharing market is expected to grow by USD 45.59 billion from 2020 to 2025. However, the growth momentum is likely to decelerate at a CAGR of 17.88% as per the latest report by Technavio.
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Ride Sharing Market 2021-2025: Vendor Analysis
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. ANI Technologies Private Ltd., Beijing Xiaoju Technology Co. Ltd., Comuto SA, Curb Mobility LLC, DENSO Corp., GT Gettaxi (UK) Ltd., Grab Holdings Inc., Lyft Inc., TomTom International BV, and Uber Technologies Inc. are some of the major market participants.
Ride Sharing Market 2021-2025: Drivers & Challenges
The increase in the cost of vehicle ownership, reduced travel costs and reduction of traffic congestion will offer immense growth opportunities. However, the varying transport policies of different countries and resistance from traditional transport service will challenge the growth of the market participants.
Ride Sharing Market 2021-2025: Scope
Our ride sharing market report covers the following areas:
Ride Sharing Market 2021-2025: Key Regions
48% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for ride sharing market in APAC. Reduced travel costs will facilitate the ride sharing market growth in APAC over the forecast period.
Ride Sharing Market 2021-2025: Segmentation
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
We provide a detailed analysis of around 25 vendors operating in the Ride Sharing Market. Backed with competitive intelligence and benchmarking, our research reports on the Ride Sharing Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Ride Sharing Market 2021-2025: Key Highlights
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Ride Sharing Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 17.88% |
Market growth 2021-2025 |
USD 45.59 billion |
Market structure |
Fragmented |
YoY growth (%) |
23.04 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 48% |
Key consumer countries |
China, US, Germany, UK, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ANI Technologies Private Ltd., Beijing Xiaoju Technology Co. Ltd., Comuto SA, Curb Mobility LLC, DENSO Corp., GT Gettaxi (UK) Ltd., Grab Holdings Inc., Lyft Inc., TomTom International BV, and Uber Technologies Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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Website: www.technavio.com/
SOURCE Technavio
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