COVID-19 Impact on Ride Sharing Market worth $117.34 billion by 2021

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MarketsandMarkets Presents

COVID-19 Impact on Ride Sharing Market worth
117.34 billion by 2021
https//www.marketsandmarkets.com/Market-Reports/c
ovid-19-impact-on-ride-sharing-market-15098676.htm
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The report "COVID-19 Impact on Ride Sharing
Market by Service Type (E-Hailing, Car Sharing,
Car Rental, Station-Based Mobility), Data Service
(Information, Navigation, Payment) and Region -
Forecast to 2021" is estimated to be USD 75.39
billion in 2020 and projected to reach USD 117.34
billion by 2021, at a Y-O-Y growth of 55.6. The
market is primarily driven by rising urbanization
and declining car ownership. Browse 30 market
data Tables and 12 Figures spread through 60
Pages and in-depth TOC on "COVID-19 Impact on
Ride Sharing Market Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id15098676 The ride sharing market is
dominated by global players and comprises several
regional players. Some of the key players in the
ride sharing industry are Uber (US), Lyft (US),
DiDi (China), Grab (Singapore), Gett (Israel),
Ola (India), BlaBlaCar (France), Lime (US), and
Herts (US).
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Corporate car sharing is expected to grow at the
highest Y-O-Y growth in the global car sharing
market during the forecast period Corporate car
sharing is a kind of mobility solution provided
by employers to their employees for everyday
commutation and specific business requirements.
The demand for corporate car sharing is expected
to grow as people riding to offices are likely to
travel on the same route. Thus, it is much easier
to find co-passengers with ease and less waiting
time. Corporate car sharing enables commercial
businesses to reduce or eliminate private vehicle
fleets by providing their employees access to
shared cars. It offers many benefits to
businesses such as flexibility to employees,
lower fleet management costs, and less traffic on
roads. In comparison to P2P sharing, corporate
sharing is more organized and manageable to
tackle during situations like COVID-19. Companies
can take all the necessary precautions to avoid
transmissions. Request for Sample Pages _at_
https//www.marketsandmarkets.com/requestsampleNew
.asp?id15098676
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Bicycles are estimated to be the largest ride
sharing market, by micro-mobility vehicle
type Bicycles have the largest market globally
in terms of their usage in the micro-mobility
ride sharing market. They are eco-friendly,
cheap, less time consuming, comfortable for short
rides, and easily available. All these make
bicycles a preferred choice. It is necessary to
follow social distancing to control the spread of
COVID-19, which can be established through
station-based mobility. Asia Pacific to have the
largest market size during the forecast
period Asia Pacific is estimated to dominate the
ride sharing market and projected to grow at a
significant CAGR during the forecast period. The
growth in the Asia Pacific market is attributed
to the wide customer base due to a growing
population and rising urbanization in emerging
economies such as China and India. Factors such
as increasing urbanization and rising traffic
congestion are likely to drive the demand for
ride sharing services. For countries such as
India and China, the consumer preference is
changing, and with the rising population, the
need for ride sharing is increasing to cater to
the increase in customer base. Moreover, China
has started to recover from the pandemic faster
than any other country.
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• Key Questions addressed by the report
• What is the impact of COVID-19 on the ride
  sharing market and its services?
• What would be the impact of COVID-19 on ride
  sharing industry by 2021?
• What are the opportunities for ride sharing
  service providers?
• Which ride sharing services would get impacted?
  (Positive/Negative)
• Who are the major competitors, and what are their
  growth strategies?
• Dont miss out on business opportunities in
  COVID-19 Impact on Ride Sharing Market. Speak to
  our analyst and gain crucial industry insights
  that will help your business grow.

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ovid-19-impact-on-ride-sharing-market-15098676.htm
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