Selbyville, Delaware, Nov. 04, 2020 (GLOBE NEWSWIRE) —
Global Market Insights, Inc. has recently added a new report on ride sharing market which estimates the global market valuation for ride sharing will cross US$ 50 billion by 2026. The increasing demand for safe and comfortable urban mobility solutions is expected to propel the market growth. Changing vehicle ownership patterns among the youth to vehicular emissions are driving the adoption of ride sharing services.The increasing demand for reducing the travel time required for daily commute to and from work is proliferating the use of B2B ride sharing services among corporate employees. Corporate players are encouraging employees to use ride sharing services for daily commute, contributing to the B2B ride sharing segment growth.Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3733Growing awareness related to hazardous vehicular emissions and growing traffic congestion on roads is also supporting the adoption of carpooling services in the working class. The emergence of several new players, such as TwoGo, Spinlister, and GLYD, is providing a positive outlook to the market.The Asia Pacific ride sharing market is anticipated to witness a high growth over the forecast period due to the high inclination of the youth toward ride sharing and carpooling services. Office-goers are rapidly shifting toward these services to reduce the dependence on crowded public transport for routine commute. In response to the growing market demand, regional players are launching new ride sharing services in the market. For instance, in February 2019, Mahindra Group launched its e-mobility and ride sharing service Glyd in the Indian market.Companies operating in the ride sharing market are focusing on acquisitions of start-ups to increase their market share. For instance, in January 2020, Uber completed the acquisition of Careem, a UAE-based ride sharing company, for approximately USD 3.1 billion. The acquisition aided Uber to expand its geographical presence in the Middle East. Through this acquisition, Uber acquired the mobility, payments, and delivery businesses of Careem.Browse key industry insights spread across 150 pages with 109 market data tables & 21 figures & charts from the report, “Ride Sharing Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:https://www.gminsights.com/industry-analysis/ride-sharing-marketSome major findings of the ride sharing market report include:The growing demand for alternative urban mobility solutions to reduce environmental pollution and harmful vehicular emissions is driving the ride sharing marketRising urbanization due to increase in employment opportunities has led to a rapid increase in traffic congestion in populated cities, providing a positive outlook for the ride sharing marketAdvancements in AI and IoT technology are enabling ride sharing companies to improve the accessibility and add value to their services, contributing to the market growth.CNG/LPG vehicles are witnessing a high adoption in developing economies in Asia Pacific and Latin America due to low operating costs compared to other vehicles for ride sharingKey strategies adopted by market players include partnerships and collaborations with automobile OEMs to expand their ride sharing fleet. Companies are also focusing on acquisitions and geographical expansion of their business operations in international markets.Key players operating in the ride sharing market include Ola, Bla Bla Cars, Careem, Uber, Lyft, Scoop, Grab, Via, Waze, sRide, QuickRide, ZIFY SAS, DiDi Chuxing, and TwoGo.Browse complete reports table of contents (ToC): https://www.gminsights.com/toc/detail/ride-sharing-marketPartial chapters of report table of contents (TOC):Chapter 3 Industry Insights3.1 Industry segmentation3.2 Impact of COVID-19 on ride sharing industry landscape3.2.1 Global outlook3.2.2 Regional impact22.214.171.124 North America126.96.36.199 Europe188.8.131.52 Asia Pacific184.108.40.206 Latin America220.127.116.11 MEA3.2.3 Industry value chain18.104.22.168 Research & development22.214.171.124 Marketing126.96.36.199 Supply3.2.4 Competitive landscape188.8.131.52 Strategy184.108.40.206 Distribution network220.127.116.11 Business growth3.2.5 Preventive measures on COVID-19 challenge18.104.22.168 Social trackability22.214.171.124 Sanitation126.96.36.199 Mask Detection3.3 Industry ecosystem analysis3.3.1 Technology providers3.3.2 End use landscape3.3.3 Vendor matrix3.4 Technology & innovation landscape3.5 Regulatory landscape3.5.1 North America3.5.2 Europe3.5.3 Asia Pacific3.5.4 Latin America3.5.5 MEA3.6 Number of ride sharing members, by region, 2016 – 20193.6.1 North America3.6.2 Europe3.6.3 Asia Pacific3.6.4 Latin America3.6.5 MEA3.7 Industry impact forces3.7.1 Growth drivers188.8.131.52 High demand for cost effective and alternative mobility solutions184.108.40.206 Stringent vehicular emission regulations in North America220.127.116.11 Growing demand for electric vehicles in ride sharing services in Europe18.104.22.168 Increasing traffic congestion in Asia Pacific22.214.171.124 Rising awareness related to shared mobility in Latin America & MEA3.7.2 Industry pitfalls & challenges126.96.36.199 High competition from similar business models188.8.131.52 Lack of confidence and trust among users3.8 Growth potential analysis3.9 Porter’s analysis3.9.1 Supplier power3.9.2 Buyer power3.9.3 Threat of new entrants3.9.4 Threat of substitutes3.9.5 Internal rivalry3.10 PESTEL analysisBrowse related report:
Car Sharing Market Size By Model (P2P, Station-Based, Free-Floating), By Business Model (Round Trip, One Way), By Application (Business, Private), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026https://www.gminsights.com/industry-analysis/carsharing-marketAbout Global Market Insights
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Selbyville, Delaware, Nov. 04, 2020 (GLOBE NEWSWIRE) —