07 March 2019
The phenomenal growth in Ride E-Hailing Market Size, popularised by Uber but also other key players, is a major transition in how people travel. Car usage is gradually shifting away from car ownership towards an ‘on-demand mobility’ model whereby cars are hailed for each individual journey. This is especially the case for younger people, and those in developing countries who cannot afford to purchase a car or pay for insurance. This not only has profound implications for the carmarkers, but also city planners, regulators and government.
The constant investment flows towards the e-hailing companies’ efforts are the key indicators for the E-hailing market growth. Even the start-up companies have been gaining attention of the investors, due to which the industry has seen several companies entering this market in a very short space of time. The early entrants including Uber have expanded dynamically and gained a strong foothold in every market where the demand for e-hailing is budding.
Leading companies such as Uber, Careem, Grab Taxi, Lyft and others are investing strongly in the E-hailing market which Visiongain evaluates at $15.12bn in 2019.
The lead analyst commented that "The global e-hailing market has seen phenomenal growth in the recent past, owing to the consistent inflows of funding coupled with the convenience offered by such apps. While, the developed countries already have a strong public transportation infrastructure, the developing countries with comparatively weaker infrastructure and commuting options, have been embracing e-hailing services even more positively. With the growing number of smart cities and usage of connectivity, the industry in the future is anticipated to become a major contributor to the mainframe public transportation infrastructure in several countries."
The report segments the E-hailing market by vehicle type (Passenger Car, Bikes, Other), by distance type (Short Distance, Long Distance, Outstation) by payment type (Cash/ Mobile Wallet, In-App) by region and for 15 leading countries.
Find data and information on this market in our new Automotive report E-hailing Market Outlook Report 2019-2029: Forecasts by Vehicle Type (Passenger Car, Bikes, Other), by Distance Type (Short Distance, Long Distance, Outstation), by Payment Type (Cash/Mobile Wallet, In-App), by Region, Country and Profiling of Leading Mobility Service Providers (MSP) & Transportation Network Companies (TNC) Developing On-Demand Shared Mobility-as-a-Service (MaaS) Technologies.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 207 336 6100.
Visiongain is a leading business intelligence provider publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy ,telecoms and utilities sectors.
Visiongain is one of the fastest-growing and most innovative independent research companies in Europe. Based in London, UK Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
The major factors driving the demand for the passenger powertrain market are the rising demand for automated transmission and the growing trend of engine downsizing as it can reduce fuel consumption and emissions, at the same time providing the required performance of a larger engine.
24 January 2022
Improved infrastructure, increased urbanisation, and a more professional logistics sector will drive demand for larger and more sophisticated vehicles in both Asia and Africa, in addition to the usual low-cost market.
21 January 2022
The advantages of using industrial robotics in the manufacturing business have been extensively documented in recent years; they can be quickly programmed to adapt to new production lines, have a lower margin of error than humans, and work for longer periods of time with minimum supervision.
12 January 2022
Consumer electronics, data processing, and communication electronics are predicted to increase steadily, while automotive and industrial electronics are expected to be the fastest growing markets in the semiconductor industry.