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.

The ride-sharing industry continues to be dominated by Uber and Lyft, with both companies expanding their reach and strengthening their hold on US urban mobility. The current landscape is marked by a shift toward electrification, growing adoption of loyalty and subscription programs and increasing integration with public transit and last-mile delivery. Profit has improved, with profit now representing 4.2% of revenue as leading platforms deploy technologies to optimize routing, minimize idle time and scale multi-modal services. Industry revenue is also expected to climb at a CAGR of 24.7% from 2020-2025, reaching $21.0 billion in 2025, a robust 13.7% year-over-year increase fueled by the rapid rebound in travel, consumer spending and business activity after pandemic-era lows. Consolidation remains a defining feature as Uber and Lyft operate in a de facto duopoly, leveraging network effects and technology to keep new entrants at bay. The customer experience is front-and-center, with personalization and seamless digital engagement driving repeat usage and platform loyalty. However, cost pressures, in the form of rising wages, insurance premiums and the upfront electrification costs, are mounting. Regulatory developments, including new pay mandates and regional electrification targets, reshape operating models and could constrain profit. Despite these challenges, ongoing mobile connectivity and business travel growth support the appetite for convenient, app-based mobility. This has sustained consumer demand and contributed to outsized growth compared to traditional taxis and public transit. Future growth is expected to moderate as the industry shifts into a mature phase. Success will hinge on investment in technology, regulatory adaptation and continued enhancement of the rider experience, as platforms strive to balance cost pressures with the promise of environmentally sustainable growth. Over the next five years, profit as a revenue share is anticipated to stabilize at 3.9% in 2030 as companies absorb higher compliance and electrification costs while seeking new efficiencies and adjacent services. Annual revenue expansion is forecast to slow to a CAGR of 2.5% during 2025-2030, with industry sales reaching $23.8 billion through the end of 2030.

The global ride sharing market size reached USD 131.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 507.2 Billion by 2033, exhibiting a growth rate (CAGR) of 14.62% during 2025-2033. The market is propelled by technological advancements, economic efficiency, and a shift towards sustainable and shared transportation models, along with rising smartphone penetration and technological advancements.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on service type, booking mode, membership type, and commute type.

The Global Ridesharing Market Report is Segmented by Membership Type (Fixed, Dynamic, Corporate), Service Type (Web-Based, App-Based, Web and App-Based), Vehicle Type (ICE Vehicle, Hybrid Vehicle, Electric Vehicle, Micro-Mobility), Trip Distance (Intracity, Intercity), Payment Mode (Cash, Card, Digital Wallets), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The global ride sharing market size was worth over USD 158.26 billion in 2025 and is poised to grow at a CAGR of around 16.3%, reaching USD 716.42 billion revenue by 2035, driven by rising environmental concerns.

Being almost synonymous with the ride-sharing industry, Uber’s share of the U.S. market has fluctuated between ** and ** percent since 2017. The remaining market is dominated by Lyft, which accounted for ** percent of the market in March 2024. Ridesharing industry While Uber’s U.S. market share may be largely stagnant, the company is still growing strongly in terms of revenue and, although to a lesser extent, ridership. There are several reasons for this. First, Uber is a global company, whereas Lyft only operates in the North American market. Secondly, the overall size of the global ride-sharing market is growing and projected to continue expanding to over *** billion U.S. dollars. In addition, Uber has been expanding into other services, including food delivery and payments. Driver conditions Ride-sharing companies have received criticism for classifying drivers as independent contractors rather than employees. This means drivers need to pay for their own operating expenses and may not have access to basic employment rights such as a minimum wage (in districts where one exists). There has also been legal action taken against Uber for underpayment of their drivers and misrepresenting potential earnings.

According to a 2018 survey, ** percent of U.S. adults used ride-sharing apps like Uber and Lyft. This is more than twice the share of the population who used ridesharing apps in 2015. Ridesharing providers The increasing take up of ridesharing services has created rapid growth for ridesharing platforms. The largest two ridesharing platforms in the United States are Uber and Lyft, who held a combined market share of **** percent in August 2019. Uber is the larger of the two companies, whose global revenue increased by around ** percent from 2016 to 2018. Lyft are a much smaller company, both due to their smaller market share and because they only operate in North America. Despite this, their growth has been even more rapid over this period, with revenue increasing by *** percent from 2016 to 2018. Uses of ridesharing While ridesharing is clearly a growing industry, at this stage its does not appear likely to supplant public transit in the United States any time soon. In a 2017 survey, only a small number of people reported using ridesharing services to replace public transit on a regular basis, with *** percent of respondents doing so on a daily basis. And in 2016, a different survey found that the main reason people used ridesharing services was for infrequent activities such as visiting bars and restaurants. Unless there is a significant shift in these behavioral patterns, public transit appears to remain a more popular option for regular travel such as commuting.

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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,

Ridesharing Industry statistics: The ridesharing industries are different companies that include transportation networks and ride-hailing services that provide one-way transportation commonly termed as e-taxis or app-taxis. The well-known and biggest ride-sharing companies are Uber and Lyft. The overall market share of the ridesharing industry in 2022 has accounted for around $95.09 billion to $100.55 billion and is expected to reach a CAGR of 17.2% by the end of 2029 with $305 billion. Currently, ridesharing applications are mostly used across the world, especially in urban areas and almost 36% of Americans are using these apps in their daily life. The following Statistics from several aspects will provide light on why Ridesharing Industry is becoming so popular. Editor’s Choice In the United States, almost 36% of people are the part of Ridesharing Industry in 2022. The top two companies in this industry are Uber and Lyft in the U.S. The Ridesharing market size of North America increased by 68% by the end of 2022 with $13.6 billion. In the U.S. 2022, the share of sales rideshare market of Uber was 71% and Lyft's was 29%. By the end of 2026, the global market share of ridesharing is expected to be $185.1 billion. The monthly services of ridesharing applications were around 26%. This industry mainly includes the Taxi segment and Ride-hailing transportation sector. As of 2023, this U.S. industry has projected to reach $71.78 billion and expects annual growth of 1.07% by the end of 2027 with a $74.91 billion market volume. Currently, 28.1% is the user penetration of this industry in the U.S. As of January 2022, the average sales per customer of Uber were $72 and Lyft was $66.

Ride-sharing Apps Market is estimated to reach USD 138 Billion By 2034, Riding on a Strong 12.7% CAGR throughout the forecast period.

The Mexican Ridesharing Market Report is Segmented by Service Type (E-Hailing, Car Sharing, Car Rental, and Other Service Types), Type (Peer-To-Peer Sharing and Business Sharing), Booking Channel (Online and Offline), Vehicle Type (Two Wheelers and Passenger Cars), and Distance (Intercity and Intracity). The Report Offers Market Size and Forecast for the Mexico Ridesharing Market in Terms of Value (USD) for all the Above Segments.

The global Ride Sharing Market size is expected to reach USD 430.25 Billion in 2032 registering a CAGR of 15.9% Discover the latest trends and analysis on the Ride Sharing Market. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunities,...

According to Cognitive Market Research, the global ride-sharing software market size was USD 7154.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 18.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 2861.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2146.38 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1645.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 357.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 143.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.7% from 2024 to 2031.
The cloud held the highest ride-sharing software market revenue share in 2024.

Market Dynamics of Ride-sharing Software Market

Key Drivers for Ride-sharing Software Market

Increasing Usage of Electronic Gadgets to Increase the Demand Globally

The ride-sharing software market has experienced growth because of the greater utilization of electrical gadgets. Smart gadgets are objects that have been programmed with artificial intelligence (AI) and learning algorithms, as well as internet technology that creates a portion of the Internet of Things (IoT). Ride-sharing businesses utilize electronic gadgets to monitor their motorists. In a few generations, when many individuals utilize autonomous vehicles, smart gadgets carry the individual's information from vehicle to vehicle, enabling rapid customizing. Consequently, the ride-sharing sector is being driven by the growing adoption of electronic gadgets.

The ride-sharing software market has witnessed steady growth, driven by the increasing anxiety about ecology and greenhouse gases. Travelers have profited financially and resource-wise from ride-sharing software. Ride-sharing services help reduce greenhouse gas emissions and promote efforts to mitigate environmental damage by encouraging commuting and shared rides, which in turn reduces the number of autos on the road. Rising development, the ease of use of smartphones, and a greater focus on ecology. Improving mobility connections has become more popular as a result of accelerating urbanization, and this has made it the main economic driver.

Restraint Factor for the Ride-sharing Software Market

Strict Regulations to Limit the Sales

The expansion of the ride-sharing software market is largely restricted by government regulations. Numerous nations lack legislative regulations governing the functioning of app-based mobility services. There are licensing and registration requirements specific to limousine services. Since many of these companies lack their cars, this poses a challenge for app-based transportation services. An app-based vehicle business that offers ride-sharing services faces challenges due to strict laws regarding permits and registration of automobiles. The development of ride-sharing services has been adversely affected by this in numerous nations and areas.

Impact of Covid-19 on the Ride-sharing Software Market

The ride-sharing software market has witnessed growth due to rising demand for innovative technology. Key drivers include increased automated vehicles. The epidemic of COVID-19 has seriously disrupted the ride-sharing industry. The nation's shutdown and separate social standards have altered the rapidity of the market. The lockdown procedures and transportation limitations put in place by national authorities also contributed to a worldwide decrease in the usage of passenger transportation. In an effort to stop the illness from spreading, travelers are increasingly inclined to share their rides with others and to be more concerned about their wellness. However, because operator evidence is becoming more and more common before using a ride-hailing service, the market is only expected to rebound slowly. Introduction of the Ride-sharing Software Market

Ride-sharing software is the term for the ...

From the selected regions, the ranking by revenue in the 'Shared Rides' segment of the shared mobility market is led by China with ****** billion U.S. dollars and is followed by the United States (****** billion U.S. dollars). In contrast, the ranking is trailed by Austria with **** billion U.S. dollars, recording a difference of ***** billion U.S. dollars to China. Find other insights concerning similar markets and segments, such as a ranking by country regarding number of users in the car rentals segment of the shared mobility market and a ranking by country regarding revenue in the buses segment of the shared mobility market. The Statista Market Insights cover a broad range of additional markets.

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...

The Ride-Hailing Market Report is Segmented by Vehicle Type (Two-Wheelers, Three-Wheelers, Passenger Cars, and More), Propulsion Type (ICE, Hybrid, and More), Service Type (E-Hailing, Car-Sharing Peer-To-Peer, Robo-Taxi, and Subscription-Based Ride Packages), Booking Channel (App-Based and Voice/Phone), End-User (Personal and Corporate/Institutional), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The Global Ride Sharing Market size was valued at USD 345.34 Bn by 2032 from a value of USD 115.39 Bn in 2024 and is projected to grow from USD 130.33 Bn in 2025, with a CAGR of 16.4% from 2025 to 2032

Ride Sharing Market: Expanding Global Landscape The global ride sharing market is experiencing remarkable growth, with a current market size valued at 51.1 billion and a projected CAGR of 13.7%. This growth is driven by urbanization, increasing traffic congestion, and shifting consumer preferences toward shared mobility. The market consists of various service types, including e-hailing, car sharing, car rental, and station-based mobility, accommodating diverse transportation needs. Key players in the market include Uber Technologies, Lyft, Didi Chuxing, and Ola Electric Mobility. Regional Trends and Growth Drivers The ride sharing market is expanding rapidly across different regions. North America, Europe, and Asia Pacific are significant contributors, with mature markets like the US and China leading the growth. Emerging markets such as India and Brazil are also witnessing a surge in ride sharing demand. The adoption of electric vehicles (EVs) is a significant trend shaping the market, driven by government incentives and environmental concerns. Technological advancements, such as real-time ride-matching algorithms and mobile payment integration, are further enhancing the convenience and efficiency of ride sharing services. Recent developments include: In October 2024, Uber Technologies Inc., a prominent company in the ride-sharing industry, launched Uber Pet in Bengaluru, one of the prime cities in the Indian market. This novel offering for pet parents seeking hassle-free transportation options for their pets is exclusively available for pre-booking in Bengaluru through the company’s smartphone app. , In September 2024, Uber announced the launch of Uber Safari, one of its latest offerings under its ‘Go Anywhere’ series product portfolio. The limited edition experience is available for consumers in Cape Town, South Africa, till January 2025. , In July 2024, Spacer Technologies Pty Ltd, a key company in technology applications, acquired Scoop Commute, a workstation carpooling platform, to further its business expansion strategy of becoming a mobility company. .

Ride Sharing Market size, share, market analysis, Market Revenue, trends, Regional Outlook, competition and growth opportunities till 2027

Global Ride Sharing Market size is set to expand from $ 91.06 Million in 2023 to $ 433.13 Million by 2032, with an anticipated CAGR of around 18.92% from 2024 to 2032.