Europe Ride-Hailing Market was USD 57468.48 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

The number of users in the 'Ride-hailing' segment of the shared mobility market in Europe was modeled to stand at ************** users in 2024. Following a continuous upward trend, the number of users has risen by ************* users since 2017. Between 2024 and 2030, the number of users will rise by ************* users, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Ride-hailing.

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Ride Sharing Market Size 2025-2029

The ride sharing market size is valued to increase USD 132.4 billion, at a CAGR of 18.9% from 2024 to 2029. Increase in vehicle ownership cost will drive the ride sharing market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 45% growth during the forecast period.
By End-user - Individual segment was valued at USD 51.60 billion in 2023
By Type - E-hailing segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 244.80 billion
Market Future Opportunities: USD 132.40 billion
CAGR from 2024 to 2029 : 18.9%

Market Summary

The market has witnessed significant expansion, with the global revenue surpassing USD 150 billion in 2020. This growth can be attributed to the convenience and affordability that ride-hailing services offer, especially in densely populated urban areas. Additionally, the integration of technology, such as GPS and mobile payment systems, has streamlined the user experience, making it increasingly popular. However, challenges persist, including the emergence of autonomous ride-sharing services and the associated costs of implementing this technology. Furthermore, concerns over vehicle maintenance and the risks of theft continue to pose challenges.
Despite these hurdles, the market's future remains promising, with potential opportunities in expanding to new markets and offering additional services, such as food delivery and carpooling. The ride-sharing industry's continued evolution underscores its transformative impact on personal transportation.

What will be the Size of the Ride Sharing Market during the forecast period?

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How is the Ride Sharing Market Segmented ?

The ride sharing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Individual
  Business


Type

  E-hailing
  Rental
  Station-based
  Car sharing


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The individual segment is estimated to witness significant growth during the forecast period.

In the ever-evolving the market, scalable infrastructure plays a pivotal role in accommodating growing demand. Companies leverage map integration services and API integrations to optimize routes using route optimization algorithms, ensuring efficient pickups and drop-offs. Surge pricing models and performance monitoring tools help maintain service quality and balance supply and demand. Rider rating systems and automated dispatch systems facilitate seamless ride scheduling, while driver incentive programs and accessibility features cater to a diverse user base. Demand forecasting models and emergency response systems ensure safety and reliability, with real-time location updates and in-app communication tools keeping riders informed.

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The Individual segment was valued at USD 51.60 billion in 2019 and showed a gradual increase during the forecast period.

Geolocation services and user authentication methods secure data and protect user privacy. Customer support systems and fraud detection mechanisms address user concerns, while dynamic pricing algorithms and ride matching systems maintain fairness and competitiveness. Fare calculation methods and mobile application development continue to enhance user experience, with the driver onboarding process and rider onboarding process streamlining the sign-up experience. Overall, the market continues to evolve, with a significant share attributed to these innovative features and technologies in 2023. (Approximately 110 words)

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Regional Analysis

APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How Ride Sharing Market Demand is Rising in APAC Request Free Sample

In the market, APAC held the largest share in 2024, driven by the increasing number of cities and population growth in both developed and developing economies. The region's ride sharing services are experiencing a robust expansion due to the significant demand in countries like China, India, and Japan. These nations are recognizing ride sharing as a viable solution to address issues such as traffic congestion, air pollution, and greenhouse gas emissions.

Factors fueling the market's growth in APAC include the growing middle-class population with increasing disposable income,

The global ride-hailing market is booming, driven by technological advancements and increasing demand for convenient transportation. This in-depth analysis explores market size, growth trends, key players (Uber, Lyft, Didi), regional variations, and future projections through 2033. Discover the latest insights and investment opportunities in the ride-hailing industry.

According to Cognitive Market Research, the global Ride Sharing Market size will be USD 43524.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 14.50% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 16104.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 12.3% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 12622.19 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 10445.95 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.5% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 1653.94 million in 2025 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2025 to 2033.
Middle East had a market share of around 4.00% of the global revenue and was estimated at a market size of USD 1740.99 million in 2025 and will grow at a compound annual growth rate (CAGR) of 13.8% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 957.55 million in 2025 and will grow at a compound annual growth rate (CAGR) of 14.2% from 2025 to 2033.
Plug-in Electric Vehicle (PEV)category is the fastest growing segment of the Ride Sharing industry.

Market Dynamics of Ride Sharing Market

Key Drivers for Ride Sharing Market

Increasing internet and smartphone penetration to Boost Market Growth

The surge in internet data usage and the quick adoption of smart devices like smartphones and smart watches have opened up a lot of potential for ride-sharing services globally, which has accelerated the expansion of the ride-sharing business. To use ride-hailing services, you must have internet access. In order to obtain ride statistics and navigation, users must have internet connectivity in order to download ride-providing apps to their mobile devices. Telematics, navigation, and V2V communication all require internet access. Numerous safety features are also offered by smartphone applications, such as the vehicle's number, route tracing information, the driver's identity, number, and image, and records of prior travels. Every year, the number of automobiles adding to global emissions has grown. One of the biggest contributors of greenhouse gasses in the world is the automobile sector. The motor industry, private groups, and the government are all working harder to reduce the rising CO2 emissions. To help lessen the effects of climate change in the years to come, the European Union's Paris Agreement on Climate Change, the Ministry of Environment and Climate Change in India, and the International Institute for Sustainable Development in Canada have all set high standards and goals, like expanding forest cover.

Rising Micromobility Demand to Boosts the Need for Advanced Ride Sharing to Boost Market Growth

Micro-mobility is the ability to move short distances in vehicles with only one or two seats. Motorcycles, scooters, longboards, and mopeds are examples of light vehicles that fall under this category. A smart option for city commuters seeking a quick trip without the inconvenience of public transportation is shared micro-mobility. The idea of micro-mobility greatly affects how bikes and scooters are used and how much money can be made from them. There is a great chance for micro-mobility to assist ease the growing traffic congestion, especially in large cities. In Geneva, the business has launched the electric scooters Cityskater and Streetmate. Together, Daimler and BMW rental scooters are available in over six European cities.

Restraint Factor for the Ride Sharing Market

High cyber threat risk and opposition from traditional transport services of Ride Sharing, Will Limit Market Growth

Drivers of traditional three-wheelers and taxis are having arguments and conflicts as a result of the increasing use of ride-sharing services worldwide. In comparison to typical transport service providers, ride service providers offer additional benefits such complete ride data, more convenient options, and reasonably priced doorstep pick-up and drop-off. As a result, taxi drivers in nations like India and Japan are fighting against ride-sharing services. However, the passengers may be in danger d...

In 2024, the public transportation segment led the shared mobility market in Europe, with around ************** users. The flights segment ranked second with approximately ************** users, while ride-hailing followed with about ************** users.

The global ride-sharing market is expected to grow to by more than ** percent between 2023 and 2028. The market value is expected to amount around *** billion U.S. dollars in 2028. DiDi, Uber, and Lyft are among the key players in this industry. Costs, congestion, and comfort are key market drivers The ride-sharing market’s rapid growth is being fueled by several key factors: Consumers, particularly younger adults, seek to avoid the large overhead costs of car ownership. It is expected that ride-sharing will be most popular in cities where vehicle ownership is not only costly but also less practical due to traffic congestion and limited parking. Ride-sharing’s reach has been enabled by widespread smartphone use and mobility apps are particularly popular in India and China, making mobility services likely to see large revenue streams in regions such as China. The industry may struggle to take over the market in areas where public transportation is well-funded and attractive to use and hence, Europe is the region where the market for urban mobility platforms that combine individual and shared mobility options has the greatest potential. Shared mobility market segmentation Car-sharing and ride-sharing represent parts of a wider aspect of the transportation industry, shared mobility. Either vehicles or mobility services are shared between consumers on an on-demand basis. Car-sharing provides consumers more privacy and less contact with strangers than ride-sharing. The value pool for ride-hailing is expected to be more than ** times the size of the car-sharing market by 2030.

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.

Discover the booming ride-sharing market: Explore its $1.5 trillion (estimated 2025) value, projected CAGR, key drivers, and regional breakdowns. Learn about top players like Uber & Didi, emerging trends, and future growth forecasts through 2033.

The global ride-sharing market is booming, projected to reach $750 billion by 2033, driven by urbanization and technological advancements. Discover key trends, regional insights, and competitive analysis in this comprehensive market report, covering major players like Uber, Lyft, and Didi.

Explore the dynamic ride-hailing service market, projected to reach over $82 billion by 2033 with a strong 9.0% CAGR. Discover key drivers, trends, and leading companies shaping urban mobility worldwide.

As per Cognitive Market Research's latest published report, the Global Ride-Hailing Services market size was USD 46.16 Billion in 2022 and it is forecasted to reach USD 111.45 Billion by 2030. Ride-Hailing Services Industry's Compound Annual Growth Rate will be 4.87 % from 2023 to 2030. Market Dynamics of Ried Hailing Services Market

Key Drivers

Rapid urbanization to increase demand for ride-hailing services

Rapid urbanization and changing consumer lifestyles have significantly boosted the demand for ride hailing services. As cities grow and become more densely populated. Large population lead to commuting and travel demands. Both individuals as well as businesses face challenges with transportation, including traffic congestion, shortage of parking spaces and limited transportation options. Ride hailing services offer the convenience of on-demand transportation with real-time tracking and dynamic pricing, making them appealing to consumers. In areas with limited public transportation, ride-hailing services are crucial to last-mile connectivity. Ride sharing and carpool services further provide a convenient alternative to owning private vehicles and help tackle traffic congestion by reducing the number of single-occupant vehicles on the road. Companies like Uber, Lyft, and Didi are now integral to city transport, providing options that are both convenient and economical compared to traditional methods.

For instance, nearly 75% of Europeans living in urban areas suffer from congestion, poor air quality and less optimal urban space, but still over-rely on personal cars due to the lack of more affordable and accessible options.

Opportunities for flexible employment to fuel market growth

The global ride hailing market large and growing market, primarily driven by the increasing demand for on-demand transportation and the adoption of new technologies. The rise in demand also creates multiple flexible job opportunities, allowing drivers the freedom to set their own schedules and work when they want. The ride hailing market presents low barriers of entry because drivers use their own vehicle or rented cars to offer rides whenever they choose. The flexibility appeals to wide range, including students, retirees and others looking for a source of additional income or a more adaptable work schedule. Ride hailing is one of the leading sectors propelling the growth of gig economy. This is particularly beneficial to developing economies like India, among other emerging economies in South-East Asia, South America, The Middle East and Africa, where a significant portion of the population is unemployed.

For instance,

22% of all U.S. consumers work on the side to enhance their cash flow.
As of 2024, there were more than 7 million monthly drivers on the Uber platform around the world.
In India, the National Skill Development Corporation (NSDC) and bike taxi aggregator Rapido signed a Memorandum of Understanding that aims to connect skilled worker with flexible employment, targeting over 500,000 driver positions monthly, including female drivers.

(Source:https://www.pymnts.com/gig-economy/2024/ride-hailing-platforms-earnings-underscore-gig-economys-momentum/ )

(Source: https://www.uber.com/newsroom/onlyonuber24/ )

(Source:https://www.autocarpro.in/news/renault-opens-design-centre-in-chennai-as-part-of-india-transformation-strategy-126017 )

Restraints

Complex regulatory systems significantly restrain growth

The global ride hailing market is significantly impacted by complex and irregular regulatory systems. Laws and regulations differ by region, making it challenging for ride-hailing services to function smoothly across borders. These include licensing requirements, driver background checks, safety requirements and limit on fares and vehicle emission standards.

For instance,

Global emissions regulations, led by the EU’s 2025 CO2 reduction targets, are pressuring on such to accelerate adoption of zero-emission technologies.
Different jurisdictions treat this issue differently. For instance, in the US, excessive pricing is not considered as an offence, while in the EU in might be considered an abuse of dominant position under Article 102(a) of the Treaty on the Functioning of the European Union (TFEU). (OECD, 2018, p. 27).

(Source:https://www.dentons.com/en/insights/articles/2025/january/23/trends-and-challenges-shaping-the-automotive-industry-in-2...

Ride-hailing Services Market Outlook

According to our latest research, the global ride-hailing services market size reached USD 153.2 billion in 2024, with a robust compound annual growth rate (CAGR) of 12.8%. The market is projected to expand significantly, reaching USD 414.9 billion by 2033. This remarkable growth is primarily driven by rapid urbanization, increasing smartphone penetration, and the growing preference for convenient, cost-effective transportation solutions across both developed and emerging economies. As per our latest findings, the ride-hailing services market continues to witness transformative changes, fueled by technological advancements and evolving consumer preferences.

One of the key growth factors propelling the ride-hailing services market is the increasing adoption of smartphones and internet connectivity worldwide. The proliferation of affordable smartphones has made app-based ride-hailing platforms highly accessible to a broad spectrum of users, particularly in urban and semi-urban regions. Furthermore, the integration of advanced technologies such as artificial intelligence, real-time GPS tracking, and digital payment systems has enhanced the user experience, making ride-hailing services more reliable, efficient, and user-friendly. These technological innovations have not only improved operational efficiency for service providers but also contributed to a safer and more transparent ecosystem for riders and drivers alike.

Another significant driver for the ride-hailing services market is the shift in consumer behavior toward shared mobility solutions. Urban congestion, limited parking spaces, and increasing environmental awareness are prompting individuals to move away from private vehicle ownership in favor of shared transportation modes. Ride-hailing platforms offer a flexible, on-demand alternative that addresses these concerns by reducing traffic congestion and lowering carbon emissions. Additionally, the rise of electric and hybrid vehicles within ride-hailing fleets is aligning with global sustainability goals, attracting environmentally conscious consumers and further accelerating market growth.

The expansion of ride-hailing services into emerging markets is also a notable contributor to the sector’s growth. Countries in the Asia Pacific, Latin America, and Africa are experiencing rapid urbanization and a growing middle class with increased spending power. These regions present vast untapped opportunities for ride-hailing companies, as traditional public transportation systems often struggle to meet the demands of burgeoning urban populations. The deployment of localized strategies, partnerships with local businesses, and adaptation to regulatory requirements have enabled global and regional players to penetrate these markets effectively, driving further market expansion.

From a regional perspective, Asia Pacific dominates the global ride-hailing services market, accounting for a significant share of both revenue and user base. The region’s large population, rapid urbanization, and high smartphone adoption rates have created fertile ground for ride-hailing platforms to thrive. North America and Europe also represent substantial markets, characterized by high disposable incomes, advanced transportation infrastructure, and a strong emphasis on technological innovation. Meanwhile, Latin America and the Middle East & Africa are witnessing accelerated growth, propelled by favorable demographics and increasing urban mobility needs. Each region presents unique opportunities and challenges, shaping the competitive landscape and strategic direction of the global ride-hailing services market.

Service Type Analysis

The ride-hailing services market is segmented by service type into E-hailing, Car Sharing, Car Rental, and Station-based Mobility. E-hailing remains the most dominant segment, accounting for a major portion of the market’s revenue in 2024. E-hailing services, such as those offered by Uber, DiDi, and Ola, have revolutionized urban mobility by providing users with instant access to rides through mobile applications. The seamless integration of digital platforms, real-time tracking, and transparent pricing models has made E-hailing the preferred choice for millions of commuters worldwide. Moreover, continuous innovation in app features, such as ride scheduling, driver ratings, and in-app payments, has enhanced the convenience and safety of E-ha

Ride Hailing Market Outlook

According to our latest research, the global ride hailing market size reached USD 180.2 billion in 2024, with a robust year-on-year growth driven by urbanization, digitalization, and shifting consumer preferences. The market is expected to expand at a CAGR of 12.6% from 2025 to 2033, ultimately reaching an estimated USD 526.9 billion by 2033. This remarkable growth trajectory is fueled by increasing smartphone penetration, rising demand for convenient transportation solutions, and the expansion of ride-hailing platforms into new regions and service categories.

The ride hailing market is experiencing significant momentum due to the rapid adoption of digital technologies and the proliferation of internet-enabled devices. The convenience of booking rides via mobile applications has revolutionized urban mobility, making ride-hailing an integral part of daily transportation for millions. The integration of real-time tracking, seamless payment options, and user-friendly interfaces has further enhanced the customer experience, driving higher engagement and loyalty. Moreover, the growing awareness of environmental sustainability has led to a surge in demand for shared mobility solutions, as consumers seek alternatives to private car ownership that reduce traffic congestion and carbon emissions.

Another pivotal factor contributing to the growth of the ride hailing market is the diversification of service offerings, including car sharing, car rentals, and station-based mobility. These segments cater to a wide range of consumer needs, from short-distance urban commutes to long-distance travel and business transportation. The expansion of electric and hybrid vehicle fleets within ride-hailing platforms is also playing a crucial role in addressing environmental concerns and meeting regulatory requirements. Additionally, strategic partnerships between ride-hailing companies, automotive manufacturers, and technology providers are fostering innovation and enabling the development of advanced features such as autonomous driving and predictive analytics, further propelling market expansion.

The ride hailing market is also benefiting from favorable regulatory frameworks and government initiatives aimed at promoting shared mobility and reducing urban congestion. Policies supporting the integration of ride-hailing services with public transportation networks and the development of smart city infrastructure are creating new growth opportunities. However, the market faces challenges related to regulatory compliance, data privacy, and competition from traditional taxi services. Despite these hurdles, the increasing acceptance of ride-hailing as a mainstream transportation option, coupled with continuous technological advancements, is expected to sustain the market's upward trajectory over the forecast period.

Regionally, Asia Pacific dominates the global ride hailing market, accounting for the largest share in terms of both revenue and user base. This dominance is attributed to the region's large population, rapid urbanization, and the presence of leading ride-hailing platforms. North America and Europe are also significant contributors, driven by high disposable incomes and advanced digital infrastructure. Meanwhile, Latin America and the Middle East & Africa are emerging as high-growth markets, supported by increasing smartphone adoption and investments in transportation infrastructure. Each region presents unique opportunities and challenges, shaping the overall dynamics of the global ride hailing market.

Service Type Analysis

The ride hailing market is segmented by service type into e-hailing, car sharing, car rental, and station-based mobility, each catering to distinct consumer needs and usage patterns. E-hailing, which encompasses app-based booking of rides in privately owned or company-operated vehicles, remains the dominant service type. The convenience, reliability, and real-time tracking features offered by e-hailing platforms have made them the preferred choice for urban commuters and travelers worldwide. Companies in this segment are continually enhancing their technology stack, integrating AI-based route optimization and dynamic pricing algorithms to improve operational efficiency and customer satisfaction.

Car sharing is gaining traction, particularly in densely populated urban areas where car ownership is le

The Europe & CIS Mobility on Demand market was valued at 77.28 Billion in 2024 and is expected to reach USD 107.90 Billion by 2030 with a CAGR of 5.72%.

The global ride-hailing and taxi market size was USD 270.81 billion in 2024 & is projected to grow from USD 301.52 billion in 2025 to USD 712.08 billion by 2033.
Report Scope:

The Mobility-as-a-Service (MaaS) market is experiencing explosive growth, projected to reach a market size of $182.37 billion by 2025 and exhibiting a Compound Annual Growth Rate (CAGR) of 35.15%. This surge is driven by several factors, including increasing urbanization leading to traffic congestion and parking challenges, rising fuel prices and environmental concerns promoting sustainable transportation options, and the growing adoption of smartphones and readily available mobile apps. The convenience and flexibility offered by MaaS services, encompassing ride-hailing, car-sharing, and bus-sharing, are key attractions for consumers. Technological advancements, such as improved navigation systems, real-time data integration, and autonomous vehicle technology, are further accelerating market expansion. The dominance of established players like Uber and Didi Chuxing is being challenged by innovative startups and traditional automotive companies entering the market, creating a competitive landscape characterized by strategic partnerships and acquisitions. Geographic expansion continues to be a significant growth driver, with emerging markets in Asia-Pacific and the Middle East & Africa presenting substantial opportunities. However, regulatory hurdles, data privacy concerns, and the need for robust infrastructure to support widespread adoption represent potential market restraints. The MaaS market segmentation reveals a dynamic ecosystem. Ride-hailing services currently hold the largest share, but car-sharing and bus-sharing are witnessing significant growth, particularly in urban areas. North America and Europe are currently leading the market, but Asia-Pacific is expected to experience rapid growth in the coming years driven by population growth and increasing smartphone penetration. The competitive landscape is highly fragmented with a mix of established tech giants and smaller niche players. Companies are focusing on strategic partnerships, technology integration, and expansion into new geographical areas to gain a competitive edge. The forecast period (2025-2033) anticipates continued strong growth, although the CAGR might moderate slightly as the market matures. The long-term success of MaaS players will depend on their ability to adapt to evolving consumer preferences, navigate regulatory environments, and leverage technological advancements effectively.

Explore the booming First and Last Mile Ride Service market, valued at $550 million in 2025 with an 18% CAGR. Discover key drivers like urbanization, tech advancements, and emerging economies, alongside critical trends, restraints, and regional analysis for ride-sharing, personal, and institutional mobility solutions.

The shared mobility market is booming, projected to reach [estimated 2033 market size in millions] by 2033, growing at a CAGR of 17.62%. Discover key trends, drivers, and major players shaping this dynamic industry, including ride-hailing, car sharing, and micromobility. Explore regional market shares and growth projections across North America, Europe, and Asia Pacific. Recent developments include: December 2023: CarDekho announced its merger with Revv, an Indian-based mobility service provider, to venture into India's shared car rental services business by combining the expertise of Car Dekho in technological integration and market understanding of Revv. These two companies aim to disrupt the car rental space in India by facilitating a tech-enabled mobility solution to enhance customers' convenience., July 2023: Bolt, a ride-hailing platform operating in the United Kingdom, announced that it had over 100,000 drivers and 9 million passengers registered across 19 cities. Moreover, the company stated that it had surpassed 150 million customers globally across 500 cities and 45 countries., July 2023: inDrive, a bid-based ride-hailing platform, launched its services in South Florida, United States, to tap into the country's massive potential. The company plans to replicate its success in the Latin American market in the United States, which resulted in the company preparing for this expansion strategy. Further, the company is planning to launch its services across 15 cities in Nigeria.. Key drivers for this market are: Increasing Preference of Consumers toward Ride-Hailing Services is Expected to Foster the Growth of the Market. Potential restraints include: Strict Government Regulations to Govern the Shared Mobility Industry Hampers the Growth of the Market. Notable trends are: The Passengers Cars Segment is Expected to Gain Traction Between 2024 and 2029.