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.

Revenue from ride-hailing in the United States was more than twice as high as revenue from taxis in 2023. Ride-hailing is projected to rise from around ** billion U.S. dollars in 2023 to around ** billion U.S. dollars in 2029. Meanwhile, revenue in the taxi industry is projected to decline from around ** billion U.S. dollars to under ** billion U.S. dollars, reflecting the shift towards online sales channels in the shared transport industry.

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.

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.

By far the most common method to access the ride-sharing platform Uber in the United States is via smartphone; around 17.7 million U.S. adults had accessed Uber via smartphone as of April 2017 – significantly higher than the next most popular platform, desktop computers, with 6.8 million users.

The U.S. ride sharing market

Uber is the largest ride-sharing platform in the United States, accounting for just under 70 percent of the total market as of October 2018. However Lyft, the next-largest ride sharing platform in the U.S., has seen significant growth in ridership over the last five years, narrowing the gap between it and Uber.

The global ride sharing market

While Lyft may be gaining some ground on Uber in the U.S., globally the distance between Uber and Lyft is much larger. This is due both to the fact that Lyft currently only operate in North America, and the strong global growth that Uber has seen over the last few years. Uber’s global number of bookings per quarter more than doubled from the fourth quarter of 2016 to the fourth quarter of 2018, leading to their net revenue almost doubling from 2016 to 2018.

In 2019, ***** percent of rideshare drivers in the United States drove for Uber, compared to only ***** percent who drove for Lyft. Rideshare drivers Ridesharing drivers are able to sign up for multiple services. When limited to the service they primarily drive for, Uber is dominant at **** percent, compared to **** percent for Lyft. In terms of the overall U.S. market, in August 2019, Uber held a market share of **** percent compared to **** percent for Lyft. Industry growth Assessing the performance of ridesharing companies in terms of zero-sum market share is somewhat misleading, as it does not indicate how expansion in the overall market has facilitated high growth for both Uber and Lyft. Both companies reported very strong revenue growth from 2017 to 2018, with Lyft’s revenue increasing by over ** percent. This is likely a result of the increasing share of people using ridesharing services, which more than doubled between 2015 and 2018.

In 2024, Uber Technologies generated over ** billion U.S. dollars in revenue from its operations in the United States and Canada. The company's revenue has grown in all regions, but the Europe, Middle East, and Africa region has experienced particularly strong year-on-year growth. The mobile transportation network company had more than 171 million monthly users all over the world at the end of that year. Uber leads global ride-hailing market As of 2022, Uber has a ** percent market share for ride-hailing globally, making it the largest player ahead of competitors such as Lyft. This dominance is reflected in its financial performance, particularly in its mobility segment. Uber Technologies generated a revenue of approximately ** billion U.S. dollars from its mobility segment, which includes its ride-sharing operations, which constructs the biggest portion of the company’s revenue. The company’s growth is a part of a trend in the ride-sharing market, which is projected to grow by more than ** percent from 2023 to 2028, reaching an estimated market value of *** billion U.S. dollars. Uber tops U.S. mobility service brand awareness Furthermore, the San Francisco-based company is the most well-known mobility service provider in the United States. Uber is known by ** percent of respondents in the United States. Another California-based company, Lyft, comes in ****** place on this list.

The statistic shows the share of ridesharing service users in the United States by the type of Uber service they used in 2016. During the survey, ** percent of the respondents stated that they used Uber Pool.

In the fourth quarter of 2024, *** million people used the Uber app at least once per month. This is a ** percent increase compared to the fourth quarter of 2023. Uber is one of the most popular ride-sharing apps in the world. Based in San Francisco, their global net revenue amounted to ***** billion U.S. dollars in 2023. Contributing to their revenue is the 9.4 billion rides that were delivered via the Uber app that year. In 2022, Uber generated ***** billion U.S. dollars in gross bookings worldwide. U.S. ride-sharing market The ride-sharing market has experienced a giant surge in recent years. The ride-sharing market allows for consumers in need of a ride to instantly call for one via their smartphone and GPS satellites. This is comparable to a taxi service but can in some cases be significantly cheaper. However, drivers for these apps do not usually hold the same licensing requirements as taxi drivers. Uber and Lyft are the two largest companies in this sector, although Uber continues to outperform Lyft. In 2023, Uber's reported global revenue was more than eight times that of Lyft, which recorded *** billion U.S. dollars in revenues.

Between October 2023 and September 2024, ** percent respondents to the Statista Consumer Insights survey in the United States reported never using a taxi, while only ** percent of respondents reported never using ride-hailing services. Overall, U.S. Americans reported using ride-hailing more than taxis, with around a fifth of respondents being occasional users of ride-sharing services.

Despite the controversy that surrounds the company in many places, Uber’s global presence has increased enormously over the last years; since late 2016 the total value of Uber bookings worldwide has grown more than five times, reaching over **** billion U.S. dollars in the first quarter of 2022, its highest recorded bookings to date. Uber Eats was responsible for ** percent of total food delivery bookings in the United States in 2023. Ridesharing Ridesharing services are online networks where drivers can ‘share’ space in their personal vehicle to passengers (who are also members of the network) for a fee. The service therefore operates like a traditional taxi, with the key difference being the use of technology and private vehicles. The latter exempts the network from the regulatory framework applicable to taxis in many regions. Accordingly, in some cases lower prices can be offered by ridesharing services. Uber is the leading ridesharing service in the United States with an annual revenue of nearly ** billion U.S. dollars globally in 2022. Global growth of ride-sharing faces uncertainties While projections for the ride-sharing market are positive, the market also faces uncertainties as tighter regulations on ride-sharing services that many countries are considering or have already introduced, take hold. For example, Uber is banned or restricted in parts of Europe. Should more localities decide to regulate or ban ride-sharing services, the more optimistic forecasts for growth may need to be reconsidered.

In 2024, Uber Technologies generated more than ** billion U.S. dollars in revenue from its mobility segment, which includes its ride-sharing operations. The delivery segment, which includes Uber Eats operations, generated around ***** billion U.S. dollars in revenues that year. Market leadership in food delivery Uber's delivery service 'Uber Eats' has been able to build on the boost it received during the COVID-19 pandemic. The segment's revenue more than doubled in size between 2020 and 2021, growing by an additional ** percent in the following two years. Uber Eats has been able to establish itself as the global leader in food delivery services, generating around *** billion U.S. dollars more in annual revenues than its closest rival, Delivery Hero. Reaching profitability Uber has been able to establish itself as the global market leader in both of its core business segments, food delivery and ride-hailing. In the ride-hailing sector, Uber holds an even stronger position than in the food delivery business, controlling around a quarter of the global market. Its strong market position and favorable operating environment in 2023, allowed Uber to generate a net profit of *** billion U.S. dollars in 2023. This was the first time Uber had been profitable since 2018, following several years of net losses reaching as high as *** billion U.S. dollars in 2022.

In the fourth quarter of 2023, Uber's ridership worldwide totaled *** billion trips. This compares to *** billion trips in the first quarter of 2022, representing an increase of ** percent year-on-year. A brief overview of Uber Technologies Uber Technologies Corporation started as a ridesharing company to disrupt the traditional taxi services industry. Having observed the global lucrativeness of the sharing economy in the upcoming years, Uber expanded its business profile to reshape the entire transportation industry, from food delivery and logistics to transport of people. As a result of strategic market positioning, the company experienced strong growth. The net revenue of Uber increased over ** times in ten years, up from *** billion U.S. dollars in 2014 to **** billion U.S. dollars in 2023. Uber Technologies reported being profitable for the first time since 2018, posting a net profit of roughly *** billion U.S. dollars during the fiscal year of 2023. Competition in the sharing economy Uber has been operating in a highly competitive environment since it introduced its first differentiated cab services. One of the major competitors of Uber Technologies is the San Francisco-based Lyft. Although Lyft is a latecomer into the ride-sharing business, Lyft progressively worked on weaknesses exhibited by Uber to strengthen its position against Uber and other competitors. Besides, Lyft is one of the major innovators in the sharing economy along with Uber Technologies. In 2022, Lyft Corporation invested nearly *** million U.S. dollars into research and development globally, which has been scaled back in recent years. Lyft generated *** billion U.S. dollars in global revenue during 2023.

In 2024, the mobile transportation network company Lyft invested 136.9 million U.S. dollars in advertising activities worldwide. A year earlier, the respective figure stood at 122 million dollars.

Uber Technologies invested *** billion U.S. dollars in advertising activities in 2024. The spending increased for the first time since 2021. About Uber Uber Technologies is the leading ridesharing service from the United States, holding a U.S. market share of over ** percent. Founded in 2009, the San Francisco-based company is currently available in more than 80 countries, with the number of Uber users surpassing *** million. According to the company’s latest filings, Uber’s global revenue reached an all-time high of nearly ** billion U.S. dollars in 2024. What makes the transportation giant stand out from competitors like Lyft is that Uber does not generate revenues exclusively from rides but a variety of other revenue streams, including Uber Eats and Uber OOH. Uber’s advertising activities Uber is expanding its advertising business at a rapid pace. In addition to offering and promoting first-time discounts, loyalty rewards, and referral programs, the company also focuses on local segmentation and targeting to appeal to app users in various regions. In 2020, Uber launched an in-app ad format with sponsored restaurant listings for Uber Eats, its tentpole food ordering and delivery service. That same year, Uber entered the advertising space as a media owner by partnering with Adomni. Uber OOH, the company’s newly established advertising network, features digital screens on top of the vehicles of Uber’s most active drivers. This type of promotion is appealing to advertisers not just because of the sheer volume and visibility of Uber cars but also because ads can be geo-targeted based on the audience of a specific location in real-time.