Global Ride Hailing Services Market 2019-2023 with DiDi Chuxing, Gett, Grab, Lyft & Uber Technologies Dominating - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 18, 2018--The “Global Ride Hailing Services Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The ride hailing services market will grow at a CAGR of almost 19 % by 2023.
Ride hailing services, that are offered through online platforms and apps, have grown into immense popularity across the world. The ride hailing services market is witnessing increasing mergers and acquisitions(M&A) activities and strategic alliances over the last few years. M&A activities are helping companies improve service quality and gain market share.
There has also been several strategic alliances and partnerships among companies, which are helping the vendors enhance their operations and increase their geographic presence. In March 2018, Uber Technologies announced that it merged its Southeast Asia operations with Grab. The ride hailing services market is expected to witness more M&A activities and strategic alliances during the forecast period.
With the emergence of new and innovative user-friendly mobile applications, the consumers are able to easily book rides with their smartphones. Therefore, the increasing use of online on-demand transportation services is contributing to the rising demand and growth of the ride hailing services worldwide. Uber in the US, DiDi ChuAng in China, Ola by ANI Technologies in India, Grab in Singapore are the market leaders in their respective countries.
Ride hailing service providers need to comply with several state and federal laws focused on protecting the environment. These regulations encourage vendors and manufacturers to use solutions that can reduce the emission of gases such as nitrogen oxides, carbon monoxide, and carbon dioxide. This is expected to pose a challenge for the ride hailing services market.
The ride hailing services market appears to be fragmented with the presence of a considerable number of companies and the competitive environment is quite intense with all companies focusing on improving their market position. Some of the factors that are impacting the growth of the ride hailing services market are the rising use of online on-demand transportation services and the increasing M&A activities and strategic partnerships.
DiDi Chuxing, Gett, Grab, Lyft, and Uber Technologies are some of the leading companies in the market.
With the presence of a considerable number of companies, this market appears to be fragmented. This market research report will help clients identify new growth opportunities. Companies in the ride hailing services market are increasingly focusing on merger and acquisitions activities and getting into strategic partnerships with other companies to gain market share.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 06: MARKET SEGMENTATION BY SERVICEComparison by service E-hailing Car sharing Market opportunity by service
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPEGeographic segmentation Geographic comparison Key leading countries Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDSGrowing M&A activity and strategic alliances Increasing investment in autonomous vehicles Rising adoption of electric vehicles
PART 12: VENDOR LANDSCAPELandscape disruption Competitive scenario
PART 13: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors DiDi Chuxing Gett Grab Lyft Uber Technologies
For more information about this report visit https://www.researchandmarkets.com/research/xq4kgx/global_ride?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181218005779/en/
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Related Topics:Private Transport Services
INDUSTRY KEYWORD: TRANSPORT OTHER TRANSPORT
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/18/2018 02:09 PM/DISC: 12/18/2018 02:09 PM