The global revenue in the 'Ride-hailing' segment of the shared mobility market was forecast to continuously increase between 2025 and 2029 by in total ** billion U.S. dollars (+***** percent). After the ninth consecutive increasing year, the revenue is estimated to reach ****** billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Ride-hailing' segment of the shared mobility market was continuously increasing over the past years.Find other key market indicators concerning the average revenue per user (ARPU) and number of users. The Statista Market Insights cover a broad range of additional markets.

Uber dominated the global market for ride-hailing, with a market share of ** percent in 2022. Lyft was ranked a distant second with a market share of ***** percent.

North American market remains key to Uber's revenue In recent years, Uber has expanded outside its home market in North America. Revenues in Europe, the Middle East, and Africa have grown particularly strongly, more than doubling between 2021 and 2022. However, the U.S. and Canada continue to account for the company's highest revenue. In 2022, revenue from North America made up ** percent of Uber's global revenue. Competition from Lyft Globally, Lyft can only claim ***** percent of the ride-hailing market share. The company only operates in the United States and Canada, limiting its ability to gain new users. In the United States, however, the company has a much larger share of the market. As of September 2023, Lyft controlled around a quarter of the U.S. ride-hailing market. Lyft has been losing market share, though. In 2021, Lyft had still held around a quarter of the market, losing ground to Uber.

Ride-Hailing Market is estimated to be valued at USD 181.72 Bn in 2025 and is expected to expand at CAGR of 13.5%, reaching USD 441.20 Bn by 2032.

The global automotive lidar sensors market is projected to reach a value of $XX million by 2033, exhibiting a CAGR of 28.20% during the forecast period. The rising demand for autonomous vehicles and advanced driver assistance systems (ADAS) is primarily driving market growth. Furthermore, increasing concerns regarding road safety and government regulations mandating the adoption of safety features in vehicles are contributing to the market's expansion. Key industry players include Velodyne LiDAR Inc, Ouster Inc, Waymo LLC, Insight LiDAR, Valeo, Robert Bosch GmbH, Leddar Tech, and RoboSens. The market is segmented based on application into robotic vehicles, ADAS (including Level 2+, 2++, 3, and 5), and other applications. Regionally, North America is the leading market, followed by Europe, Asia Pacific, and the Rest of the World. The market analysis provides valuable insights into the competitive landscape, key trends, and growth opportunities within the automotive lidar sensors industry. The global automotive LiDAR sensors market is projected to reach USD 9.75 billion by 2027, growing at a CAGR of 15.1% from 2020 to 2027. Recent developments include: October 2020 - Waymo announced that it is launching fully driverless vehicles to the public, announced by the company. It is starting a driverless ride-hailing service for riders in the Phoenix metro area. It will enable passengers to download its app and hail a ride without a driver., March 2020 - Velodyne Lidar Inc announced a multi-year sales agreement with NAVYA, a leading company in autonomous driving systems. NAVYA plans to pursue the worldwide expansion of its shuttle with Velodyne's state-of-the-art sensors for precise real-time localization and object detection.. Key drivers for this market are: Technological Superiority of LiDAR, Increasing Vehicle Safety Regulations and Growing Adoption of Adas Technology By OEM's. Potential restraints include: Lack of Electric Charging Infrastructure May Hamper the Growth of the Market. Notable trends are: ADAS is Expected to Hold Major Share.

The Automotive LiDAR Sensors market is experiencing explosive growth, projected to reach a substantial size driven by the burgeoning adoption of Advanced Driver-Assistance Systems (ADAS) and the accelerating development of autonomous vehicles. The market's Compound Annual Growth Rate (CAGR) of 28.20% from 2019 to 2033 signifies a significant upward trajectory, fueled by increasing demand for enhanced vehicle safety and automation features. Key market drivers include stringent government regulations mandating advanced safety technologies, the rising prevalence of road accidents, and the continuous advancements in LiDAR sensor technology leading to improved performance, reliability, and affordability. The segmentation by application reveals the significant contribution of robotic vehicles and ADAS across various levels (Level 2+, 2++, 3, 4, and 5) indicating a diverse and expanding market landscape. Leading companies like Ouster Inc., Robert Bosch GmbH, Valeo, and Velodyne LiDAR Inc. are driving innovation and competition within this rapidly evolving sector. Geographic analysis shows strong growth across North America, Europe, and the Asia-Pacific region, reflecting a global adoption of LiDAR technology in the automotive industry. The forecast period of 2025-2033 promises further substantial growth. Considering the provided CAGR of 28.20% and a base year of 2025, we can anticipate significant market expansion in the coming years. While precise market values for each segment and region are not provided, the overall trend points to a continuously expanding market. Technological advancements, including the development of solid-state LiDAR and improved processing capabilities, will further accelerate market growth. However, challenges such as high initial costs, and the need for robust data processing infrastructure might partially restrain the market's growth in the short-term. Nevertheless, the long-term outlook remains extremely positive, suggesting a considerable investment opportunity for stakeholders across the entire automotive LiDAR sensor value chain. Recent developments include: October 2020 - Waymo announced that it is launching fully driverless vehicles to the public, announced by the company. It is starting a driverless ride-hailing service for riders in the Phoenix metro area. It will enable passengers to download its app and hail a ride without a driver., March 2020 - Velodyne Lidar Inc announced a multi-year sales agreement with NAVYA, a leading company in autonomous driving systems. NAVYA plans to pursue the worldwide expansion of its shuttle with Velodyne's state-of-the-art sensors for precise real-time localization and object detection.. Key drivers for this market are: Technological Superiority of LiDAR, Increasing Vehicle Safety Regulations and Growing Adoption of Adas Technology By OEM's. Potential restraints include: Technological Superiority of LiDAR, Increasing Vehicle Safety Regulations and Growing Adoption of Adas Technology By OEM's. Notable trends are: ADAS is Expected to Hold Major Share.

We asked UK consumers about "Ride sharing/hailing / online taxi usage by brand" and found that "Uber" takes the top spot, while "Wheely" is at the other end of the ranking.These results are based on a representative online survey conducted in 2024 among ***** consumers in the UK.

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Passenger Vehicle Tire Market 2024-2028

The passenger vehicle tire market size is estimated to grow at a CAGR of 6.76% between 2023 and 2028. The market size is forecast to increase by USD 12.33 billion. The growth of the market depends on several factors such as the rising urbanization globally, the growing demand for ride-share and ride-hail services, and the increasing e-commerce and online shopping.

The report offers extensive research analysis on the Passenger Vehicle Tire Market, with a categorization based on Type, including all season, summer, and winter. It further segments the market by End-user, encompassing OEM and aftermarket. Additionally, the report provides geographical segmentation, covering APAC, Europe, North America, the Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value in USD million for all the mentioned segments.

What will be the Size of the Passenger Vehicle Tire Market During the Forecast Period?

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Passenger Vehicle Tire Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Passenger Vehicle Tire Market Driver

One of the key factors driving the passenger vehicle tire market growth is the rising urbanization globally. The increase in urbanization often results in higher vehicle ownership rates. In addition, in cities and urban areas, personal transportation is more accessible and necessary, which fuels the demand for passenger vehicles and, consequently, tires.

For instance, as per the United Nations, by 2050, two out of every three people will most likely be living in cities or other metropolitan areas. Moreover, an additional 2.5 billion people will be living in cities by 2050. In addition, urban environments are characterized by traffic congestion, frequent stop-and-start driving, and shorter trips. As a result, this places unique demands on tires, with an emphasis on responsiveness, durability, and fuel efficiency. Hence, such factors are driving the market growth during the forecast period.

Key Passenger Vehicle Tire Market Trends

A key factor shaping the passenger vehicle tire market growth is the growing use of green and sustainable tires. The design of green and sustainable tires is to have lower rolling resistance, which means they require less energy to roll. In addition, this improved efficiency contributes to reduced fuel consumption and lower greenhouse gas emissions, aligning with environmental goals.

Moreover, lower rolling resistance leads to improved fuel efficiency, making green tires an attractive choice for environmentally conscious consumers. In addition, manufacturers often provide information on the expected fuel savings associated with these tires. Furthermore, sustainable tires often feature advanced tread compounds and designs that enhance durability and longevity. Hence, such factors are driving the market growth during the forecast period.

Key Passenger Vehicle Tire Market Challenge

The presence of counterfeit passenger vehicle tires is one of the key challenges hindering the passenger vehicle tire market growth. There is an increasing number of counterfeit tires which are often of inferior quality and may not meet safety and performance standards. In addition, these tires pose a significant safety risk to consumers, as they are more prone to blowouts, tread separation, reduced traction, and other safety-related issues.

Moreover, this can lead to accidents, injuries, and even fatalities, which undermines consumer trust in the entire tire industry. In addition, counterfeit tires erode consumer confidence in the safety and quality of tires, including those from legitimate brands. Furthermore, this mistrust can lead to a decline in trust in the entire industry and cause consumers to question the authenticity and reliability of tires. Hence, such factors are hindering the market growth during the forecast period.

Passenger Vehicle Tire Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Passenger Vehicle Tire Market Customer Landscape

Who are the Major Passenger Vehicle Tire Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product