The Ridesharing Market Report is Segmented by Membership Type (Fixed Ridesharing, Dynamic Ridesharing, and Corporate Ridesharing), by Service Type (Web Based, App Based, and Web and App Based), and by Geography (North America, Europe, Asia Pacific, Rest of the World). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

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.

Introduction

Ridesharing Industry Statistics: The ridesharing industry has changed the traveling patterns of global people and offered a convenient and affordable way to get around. With just a smartphone app, users can book rides quickly, making it popular in cities worldwide. Ridesharing companies such as Uber, Lyft, and DiDi have led this shift, giving people alternatives to traditional taxis and public transport. Ridesharing services also create job opportunities for drivers who can earn money using their vehicles. However, the industry faces challenges like regulatory issues, safety concerns, and competition.

This article will guide you in understanding the overall market of ridesharing and how it continues to grow as more people choose it for its flexibility and ease. The industry's future may include electric vehicles and self-driving cars, making them even more efficient and environmentally friendly.

Global Ride Sharing market size is expected to reach $341.1 billion by 2029 at 21.4%, the surge of ride-sharing market driven by increasing smart device penetration

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.

The Report Includes Rideshare in France and the Market is Segmented by Membership Type (Fixed, Dynamic, and Corporate), By Service Type (Web-Based, App-Based, and Web & App-Based). The market sizes and forecasts are provided in terms of value in USD for all the above segments.

Companies in this industry enable users to request and pay for rides using mobile applications.

The global ridesharing market value is likely to expand at a CAGR of 16.80% during 2025-2034.

[228+ Pages Report] The global Ridesharing market size is expected to grow from USD 69.3 billion in 2022 to USD 205.83 billion by 2030, at a CAGR of 13.5% from 2023-2030

Demand for ridesharing service providers in Australia's major cities has grown rapidly over the past decade, as rising urbanisation has made it difficult for some consumers to find adequate car parking. The gradual legalisation of ridesharing services in all Australian states and territories has also benefited operators, and attracted new players to the market. However, pandemic-related lockdowns, restrictions and border closures disrupted growth over the past few years. The industry has recovered somewhat since the end of lockdowns, but revenue for ridesharing service providers is expected to fall at an annualised 3.6% over the five years through 2023-24, to $756.8 million. This includes a rise of an estimated 3.3% in 2023-24, as high inflation and rising interest rates slow the industry’s recovery from pandemic disruptions. The COVID-19 pandemic led to steep declines in revenue over the two years through 2020-21. Growth in the number of Australians working and studying from home, as well as mandated business closures, led to declining demand for ridesharing services. In addition, the closure of Australia’s external borders in an effort to limit the virus’s spread led to a sharp drop in tourist numbers, further eroding demand. Since pandemic-related restrictions have been eased, the market has started expanding rapidly again with profitability recovering. However, issues with mortgage and rent costs and soaring inflation have interrupted the recovery, with revenue still below pre-pandemic levels in 2023-24. Ridesharing operators' performance is poised to stabilise in the future, following the market's rapid growth after its inception and then steep decline from the effects of the pandemic. The market is poised to approach saturation after it recovers from the effects of the pandemic. Rising urbanisation and greater inbound tourism are going to increase the number of active users, boosting demand. Revenue for rideshare operators is forecast to rise 4.8% annualised over the five years through 2028-29, reaching $958.8 million.

According to Cognitive Market Research, the global ride-sharing software market size will be 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 GCC ridesharing market size reached USD 3.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 12 Billion by 2033, exhibiting a growth rate (CAGR) of 16.2% during 2025-2033. The rapid urbanization and increased traffic congestion, increasing youthful population, growing tourism and business travel, rising environmental concerns, and diverse mobility options represent some of the key factors driving the market.

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

The global ridesharing market, valued at $47.57 billion in 2025, is projected to experience robust growth, driven by increasing urbanization, rising fuel prices, and the growing adoption of convenient and cost-effective transportation solutions. The market's compound annual growth rate (CAGR) of 11.45% from 2025 to 2033 indicates a significant expansion, with the market expected to surpass $150 billion by 2033. Several factors contribute to this growth. The increasing preference for app-based ridesharing services, offering real-time tracking and ease of booking, is a key driver. Furthermore, the emergence of corporate ridesharing programs, aimed at optimizing employee commutes and reducing transportation costs for businesses, is significantly boosting market expansion. Technological advancements, such as the integration of AI and machine learning for optimized routing and pricing, are further enhancing the efficiency and appeal of ridesharing services. The rise of electric vehicles and sustainable transportation initiatives also contributes positively to the sector's growth. Market segmentation reveals a dynamic landscape. App-based services dominate, reflecting the widespread smartphone penetration and preference for digital convenience. However, web-based and hybrid (web and app-based) services also maintain a significant presence, catering to diverse user preferences and technological accessibility. Geographic variations are also apparent, with North America and Europe currently holding the largest market shares due to high adoption rates and established infrastructure. However, rapidly developing economies in Asia and Latin America present significant growth opportunities, fueled by increasing disposable incomes and a burgeoning middle class seeking affordable and efficient transportation options. Competition within the market is intense, with established players such as Via Transportation and BlaBlaCar vying for market share alongside newer entrants offering innovative services and features. Regulatory frameworks and evolving consumer preferences will continue to shape the competitive dynamics of this expansive market. Recent developments include: July 2024: Google made a strategic investment in Moving Tech, the parent company of Namma Yatri, an innovative open-source ridesharing app hailing from India. The Bengaluru-based startup raised USD 11 million in a pre-Series A funding round, coinciding with Google's monumental pledge of USD 10 billion commitment to India. Namma Yatri, operating under the government-endorsed Open Network for Digital Commerce (ONDC) initiative, sets itself apart by waiving commission fees. Unlike competitors Uber and Ola, who typically charge a 25%-30% commission, Namma Yatri merely connects customers with auto-rickshaws and cab drivers, levying only a nominal monthly fee from its driver partners. While Uber and Ola are active players in the ridesharing arena, they have yet to integrate into the ONDC network., March 2024: In a collaborative effort, the Mobile Area Chamber of Commerce Foundation, alongside Via, launched "MoGo Rideshare," a cutting-edge, app-based transit pilot initiative. The core mission of MoGo is to offer Mobile residents a cost-effective and convenient transportation solution, facilitating easier access to employment, career training, and other vital workforce opportunities.. Key drivers for this market are: Cost Advantage and Increasing Availability of Carpooling/Corporate Pooling Services, Incentives and Rebates Provided by Governments in Major Markets; Increasing Cost of Vehicle Ownership and Environmental Benefits. Potential restraints include: Cost Advantage and Increasing Availability of Carpooling/Corporate Pooling Services, Incentives and Rebates Provided by Governments in Major Markets; Increasing Cost of Vehicle Ownership and Environmental Benefits. Notable trends are: App-based Services Hold Major Market Share.

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,...

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.

According to a 2018 survey, 36 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 98.7 percent in August 2019. Uber is the larger of the two companies, whose global revenue increased by around 74 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 535 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 3.7 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.

The global ride sharing market size was worth more than USD 120.84 billion in 2024 and is poised to witness a CAGR of around 18.6%, crossing USD 1.11 trillion revenue by 2037. E-Hailing segment is forecast to capture 35.1% share by 2037, attributed to urbanization and the increasing demand for affordable, on-demand transport.

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.

The ridesharing market, valued at €3336.61 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 14.56% from 2025 to 2033. This expansion is fueled by several key factors. Increasing urbanization and traffic congestion in major cities are driving demand for convenient and efficient transportation alternatives. The rising adoption of smartphones and mobile applications simplifies the booking process, enhancing user experience and market accessibility. Furthermore, the expansion of e-hailing services and the diversification of vehicle types, including cars and potentially other options like scooters or bikes depending on the regional context, cater to a broader spectrum of user needs and preferences. Government initiatives promoting sustainable transportation and reducing carbon emissions also contribute to market growth, particularly for services focused on short distances. Competitive strategies among leading players like Uber, Lyft, and Bolt, involving pricing models, technological advancements, and service diversification, further shape the market landscape. However, the market faces certain challenges. Regulatory hurdles, including licensing requirements and safety regulations, can impede market expansion in specific regions. Fluctuations in fuel prices and driver availability can impact profitability and service reliability. Concerns regarding driver compensation and labor practices also present ongoing operational challenges. The market is segmented by service type (e-hailing, station-based), vehicle type (cars and others), and distance (short and long). The geographical focus on France provides a specific lens into a key European market. Analyzing this market segmentation and understanding the competitive dynamics amongst key players like Avis Budget Group, Blacklane, and others is crucial for effectively navigating this rapidly evolving industry. Future growth will depend on successful navigation of regulatory issues, innovative service offerings, and a sustainable business model that addresses both consumer demand and the needs of drivers and the wider environment.

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.