Title: Ride Hailing Market - Forecast (2023 - 2028)
1Ride Hailing Market Forecast(2023 - 2028)
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- According to the UN World Tourism Organization
(UNWTO), world international tourism faced an
increase of 6, which corresponds to 1.4 billion
tourists, in 2018. This highlights the need for
safe commute and transportation system. With the
advent of ride hailing services, travelling and
commutes across the world have improvised along
with better public safety, reduced transportation
cost, and location tracking systems. - Additionally, the transportation network
companies (TNCs) have adopted user-friendly
e-hailing apps that provide convenient rides to
passengers with valuable services such as
door-to-door transport, car rentals, car sharing,
and peer-to-peer ridesharing.
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- Key Takeaways
- While people in bigger cities have to spend a
larger section of their time in carpool lanes,
trains, buses, and taxis, the ride hailing
facilities make everyday commute a much easier
process. - Resultantly, there is a growing demand for these
services in many developed and developing nations
across the world as a result of which the global
ride hailing market was valued to be 54.08 in
2018. During the forecast period 2019-2025, the
ride hailing market is projected to grow at
a CAGR of 18.45.
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- By Distribution Channel- Segment Analysis
- The huge benefits that the ride hailing business
offers is attracting a lot of companies to enter
into this field. Companies are taking green
initiatives to lower vehicular emission by
increasingly adopting electric vehicles. - According to the International Council on Clean
Transportation (ICCT), DiDi is leading the
cutting age revolution of eco-friendly measures
acquiring around 260,000 electric vehicles in
2017 which equals 1.3 of its total convoy of
vehicles.
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- Ride Hailing Market
- Herts
- Uber
- Grab
- Gett
- Ola
- BlaBlaCar
- DiDi
- Lime
- Lyft.
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Ride Hailing Market Learn More About the Report
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ing-Market-Research-501149
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- Data Tables
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501149
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Contact (1) 970-236-3677
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