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.

In fiscal year 2024, Uber Technologies's revenue by geographical region are as follows: Asia Pacific: $5.04 B, EMEA: $12.53 B, Latin America: $2.80 B, United States And Canada: $23.62 B.

Uber Technologies generated just under ** billion U.S. dollars in net revenue in 2024. The technology giant had around 171 million monthly users all over the world. Ride-sharing servicesRide-sharing companies provide peer-to-peer access to a means of transportation where multiple people are paired up to arrive at the same destination. Ride-sharing services are adapting to the future of urban transportation. One of the big players in the industry is Uber, available in ** countries and over 10,000 cities worldwide. The company went public in 2019. Uber in the U.S. The San Francisco-based company grew to a global ridership of over *** billion rides in the fourth quarter of 2023.Uber’s brand recognition in the United States is high: ** percent of Americans were familiar with Uber in 2023. Close to two thirds indicated that they used Uber services and over half said they would use Uber again.

Introduction

Uber Statistics: Uber, the greatest player in ride-hailing, was able to maintain its control of the mobility and food delivery industry in 2024. Uber operates in over 70 countries and more than 10,000 cities, providing services that comprise ride-sharing, food delivery (Uber Eats), freight, and even autonomous vehicle initiatives.

With the surge of new rivals from regional ride-hailing platforms and regulatory turbulence, Uber has, against all odds, held its own as the trailblazer of this gig economy. This article aims to illuminate Uber statistics with respect to the metrics that matter, like revenue, user growth, ride numbers, driver earnings, and so on.

In fiscal year 2024, Uber Technologies's revenue by segment (products & services) are as follows: Delivery: $13.75 B, Freight: $5.14 B, Mobility: $25.09 B.

Introduction

Uber Eats Statistics: Uber Eats, the global food delivery platform launched in 2014, has grown to become a significant player in the online food delivery industry. Operating in over 6,000 cities worldwide, it serves millions of customers across the globe. The platform partners with over 700,000 restaurants and offers food delivery in more than 45 countries. In 2023, Uber Eats reported a revenue of approximately USD 12.5 billion. The service also continues to expand its user base, with over 100 million users actively using the app each month. In the U.S. alone, Uber Eats has a market share of around 25%, making it one of the leading food delivery platforms in the region.

The platform has increasingly leveraged its parent company Uber's rideshare infrastructure to enhance its delivery network, further strengthening its position in the competitive food delivery market. The article takes you through the Uber Eats statistics and trends, eventually leading to an in-depth discussion around its market performance.

During a 2019 survey, *** percent of respondents in the UK stated that they used an Uber taxi service within the last week. The same survey revealed that only *** percent of respondents in Belgium used a Uber service within the last week.

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.

Bolt, a mobility company from Estonia, reported a revenue of 1.7 billion euros in 2023, an increase of 37 percent from the previous year. The figure constantly expanded over the observed period. Bolt was founded and is headed by Markus Villig. A European rival to Uber and Lyft Similarly to Uber, Bolt operates in both the shared mobility and food delivery segments. Even though the revenue of Bolt remains significantly below Uber's, which was close to 44 billion U.S. dollars in 2024, Bolt has been expanding its services and presence in numerous countries. Having entered the U.S. and Canadian markets with its Hopp app, Bolt has also become a competitor to Lyft, whose revenue exceeded four billion U.S. dollars in 2023. Bolt's valuation In 2018, Bolt became a unicorn company, meaning that its valuation reached one billion U.S. dollars. As of 2023, with a valuation of 8.4 billion U.S. dollars, Bolt was the highest-valued micromobility unicorn startup worldwide, followed by G7 from China and Tier Mobility from Germany.

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On-Demand Ride Service Market Outlook

In 2023, the global market size of the On-Demand Ride Service industry is estimated to be around USD 150 billion, and it is projected to reach USD 450 billion by 2032, growing at a compound annual growth rate (CAGR) of approximately 13.2%. This exponential growth is largely driven by the increasing urbanization, convenience offered by ride-sharing platforms, and advancements in mobile technology.

The rapid urbanization in developing countries is a significant growth factor for the on-demand ride service market. As more people migrate to urban areas, the demand for convenient and efficient transportation options increases. Public transportation systems often struggle to keep up with the growing population, leading people to seek alternative methods of commuting. On-demand ride services fill this gap by offering flexible and accessible transportation solutions. Additionally, the increase in disposable income in emerging economies allows more people to afford these services, further boosting market growth.

The convenience and ease of use associated with on-demand ride services are also major contributors to market growth. With just a few taps on a smartphone, users can book a ride, track the arrival of their driver, and even make cashless payments. This level of convenience is particularly appealing to younger generations who are accustomed to the seamless integration of technology in their daily lives. Furthermore, the ability to choose from various service types, such as e-hailing and car sharing, provides users with multiple options to suit their needs, making these services highly attractive.

Technological advancements play a crucial role in the expansion of the on-demand ride service market. The development of sophisticated mobile applications, GPS technology, and real-time data analytics has revolutionized the way these services operate. Companies are continually improving their platforms to enhance user experience, optimize routes, and reduce wait times. Additionally, the integration of artificial intelligence and machine learning algorithms allows companies to predict demand patterns and allocate resources more efficiently, thereby improving service reliability and customer satisfaction.

Regionally, the Asia Pacific region holds a significant share of the on-demand ride service market, driven by countries like China and India. The rapid urbanization and rising disposable income in these countries contribute to the high demand for ride-sharing services. North America is another key market, with the United States and Canada being major contributors. The presence of established market players and the high adoption rate of technology in this region support market growth. Europe follows closely, with countries like the UK, Germany, and France witnessing substantial growth due to increasing urbanization and the popularity of shared mobility solutions. Latin America and the Middle East & Africa also present growth opportunities, albeit at a slower pace compared to other regions.

The concept of Car-as-a-Service is gaining traction as a transformative approach in the on-demand ride service market. This model allows users to access vehicles on a subscription basis, offering the flexibility and convenience of car ownership without the associated costs and responsibilities. Car-as-a-Service is particularly appealing to urban dwellers who seek the benefits of personal transportation without the hassles of maintenance and parking. By leveraging advanced telematics and data analytics, service providers can offer personalized experiences, optimizing vehicle usage and enhancing customer satisfaction. This innovative approach aligns with the growing trend towards shared mobility solutions, catering to the evolving preferences of modern consumers.

E-Hailing Analysis

E-hailing, or ride-hailing, is one of the most prominent service types in the on-demand ride service market. It involves the use of apps to book rides in real-time from a pool of available drivers. The convenience and immediacy offered by e-hailing services have made them extremely popular among urban commuters. Companies like Uber, Lyft, and Didi Chuxing dominate this segment, leveraging their extensive driver networks and sophisticated mobile applications. The continuous improvement in app features, such as real-time tracking, cashless payments, and user-friendly interfaces, further enhances the user experience and drives market growth.

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.

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.

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Ride Sharing Market Size 2025-2029

The ride sharing market size is forecast to increase by USD 132.4 billion, at a CAGR of 18.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing cost of vehicle ownership and the emergence of autonomous ride sharing services. The high cost of maintaining and operating personal vehicles has led consumers to opt for more cost-effective transportation alternatives. Simultaneously, the development and implementation of autonomous ride sharing technology are revolutionizing the transportation industry, offering convenience, efficiency, and cost savings. However, this market is not without challenges. The risks of theft and the need for frequent maintenance pose significant obstacles for ride sharing companies.
Ensuring the security of vehicles and passenger safety while minimizing downtime for maintenance are critical issues that must be addressed to capitalize on the market's potential. Companies that can effectively manage these challenges and leverage the opportunities presented by the increasing demand for cost-effective and convenient transportation solutions will thrive in this dynamic market.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The ride-sharing market continues to evolve, with dynamic interplays between various components shaping its landscape. Ride-hailing insurance policies adapt to accommodate the unique risks associated with this sector, while ride-sharing apps optimize efficiency through real-time route planning and dynamic pricing. Sustainability is a growing concern, with electric vehicle integration and emissions reduction initiatives becoming increasingly prevalent. Passenger safety remains a priority, with ongoing advancements in ride-sharing regulations and safety features. Business models evolve to cater to diverse consumer needs, from mobility-as-a-service (MaaS) offerings to fleet management solutions. Accessibility is a key focus, with partnerships between ride-sharing platforms and public transportation systems enhancing overall mobility options.

Ride-sharing revenue streams are diversifying, with network effects, cost optimization, and shared mobility models driving growth. Autonomous vehicle integration and urban planning initiatives are reshaping the ride-sharing landscape, offering potential for increased efficiency and reduced congestion. Regulations and infrastructure adapt to accommodate these changes, while customer experience is enhanced through mobile payment integration and ride-hailing analytics. The social impact of ride-sharing is under scrutiny, with ongoing discussions surrounding ride-sharing's role in community development and economic growth. Ride-sharing partnerships extend beyond transportation, with companies exploring opportunities in logistics, delivery services, and even tourism. The future of ride-sharing is characterized by continuous innovation and adaptation, with ongoing advancements in technology, business models, and regulations shaping its trajectory.

How is this Ride Sharing Industry 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.

The market is characterized by various entities that have significantly influenced its dynamics and trends. Ride sharing business models, such as Uber and Lyft, have disrupted traditional taxi services by enabling individuals to share rides in privately-owned vehicles. This collaborative approach has led to increased accessibility and affordability, making it a popular choice for commuters. Ride sharing apps have streamlined the booking process, allowing passengers to request rides at their convenience. These apps also facilitate real-time route optimization and dynamic pricing, ensuring efficient and cost-effective travel. Ride-hailing insurance and partnerships with ride-hailing platforms have addressed concerns around passenger safety and driver incentives.

Regulations and infrastructure development have also played a crucial role in the market's growth. Sustainability initiatives, such as electric vehicle integration and emissions reduction, have become essential c

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. What is Driving Ride Hailing Services Industry Growth?

The rising penetration of smartphones in the worldwide and growing demand for technology-based transport modes is the main driving factor contributing to the growth of the global ride-hailing services market during the forecast period. As urban populations grow, ride-hailing is becoming a major mode of transportation, eliminating the need for personal car ownership. Additionally, the increasing popularity of alternative public transport due to its convenience, affordability, and ease of use has driven the demand for the ride-hailing services market during the forecast period. In recent years, ride-hailing services have become increasingly popular. Uber and Lyft companies operate in many countries around the world, providing transportation services to millions of people.

However, ride-hailing services have faced criticism and regulatory challenges in some countries that may obstruct the growth of the global ride-hailing services market in near future. Further, the technological advancements in transport mode applications are expected to create great opportunities for the ride-hailing services market during the forecast period. What is Ride Hailing Service?

Ride-hailing refers to the act of a customer ordering a ride online, usually through a smartphone application. A customer orders a ride from a ride-hailing platform. Ride-hailing apps offer a safe and secure alternative to public transport. Users request a ride through the company's mobile app to have a ride-hailing service specifying their pickup and drop-off locations. The app then matches the rider with a nearby driver who is available to pick them up.

According to Cognitive Market Research, the global Gig Economy market size will be USD 561245.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 17.20% 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 224498.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 168373.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 129086.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 28062.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.6% 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 11224.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2024 to 2031.
The transportation-based services category is the fastest growing segment of the Gig Economy industry

Market Dynamics of Gig Economy Market

Key Drivers for Gig Economy Market

Changing work approach driving the gig economy

The shift in work approach, particularly among younger generations, is a key driver of the gig economy. Millennials and Gen Z are prioritizing work that aligns with their passions and interests, seeking flexibility and autonomy over traditional career paths. The shift is majorly driven by the desire for work-life balance, alternate income sources and ability to work remotely, from anywhere. This shift has been on the rise particularly since the global pandemic that had pushed people to work from their homes and across various digital platforms. Businesses are embracing the flexible work arrangements to reduce costs and access specialized skills.

For instance,

Global research from the World Employment Confederation (WEC) finds that 83% of senior executives say that, since the pandemic, workers place as much value on flexibility in terms of when and where they work as on compensation.
A 2022 LinkedIn survey found that Gen Z workers were the cohort most likely to have left a role because of a perceived lack of flexibility (72% fell into this category, compared with 69% of Millennials, 53% of Gen X and 59% of Baby Boomers).
53% of Gen Z workers who freelance are moving away from traditional 9-to-5 jobs in favor of full-time freelancing.

(Source:https://insights.wecglobal.org/the-work-we-want/home/workplace-policy-younger-generations#:~:text=For%20example%2C%20new%20global%20research,the%20priorities%20of%20younger%20people. )

(Source: https://www.upwork.com/resources/gig-economy-statistics )

The digitalization of work is fueling demand for more gigs

Driven by technological advances and the increasing digitalization of skills and processes, the gig economy has expanded rapidly, by making work accessible to more people around the globe. The rise of online marketplaces like Upwork, Uber and Fiverr have made it easier for freelancers to find work and for companies to access a more flexible workforce. Improved technology and digital infrastructure have further made it easier and cheaper to connect with gig workers. The rise of e-commerce platforms and on-demand services such as ride-sharing, food delivery rely majorly on gig workers, contributing significantly to the growth of gig economy. Digital tools like instant messaging and video conferencing along with collaborative platforms like slack, MS Teams make it easy for employees to communicate from anywhere at any time.

With Artificial intelligence (AI) becoming one of the fastest-growing sectors and skill sets for independent professionals, AI has contributed to the growth of gig economy. AI is significantly impacting the gig economy by automating tasks, improving matching of workers and jobs. AI powered platforms also help streamline the recruitment process for businesses, by matching candidates with suitable projects based on skills, experience and availability.

For instance,

95% of respondents said generative AI makes them more competitive an...

The revenue in the shared mobility market in Peru was forecast to continuously increase between 2025 and 2029 by in total *** billion U.S. dollars (+**** percent). After the ninth consecutive increasing year, the revenue is estimated to reach **** billion U.S. dollars and therefore a new peak in 2029. Find more key insights for the revenue in countries like Chile, Brazil, and Bolivia.. The Statista Market Insights cover a broad range of additional markets.

Deliveroo's UK and Ireland segment generated over *** billion British pounds in revenues in 2024, double the figure generated in this market in 2020. Deliveroo's international sales have also grown during this period, increasing from around *** million pounds in 2020 to some ***** million pounds in 2024. Deliveroo's International segment comprises eight markets across Europe, the Middle East, and Asia. Increasing reach and reducing losses Deliveroo's latest financial report shows it has significantly reduced its operating loss, from *** million British pounds in 2022 to less than ** million pounds in 2024. While its consumer base witnessed a slight reduction, the number of monthly active consumers reached *** million globally, more than double the figure achieved in 2019. Fierce competition The online food delivery industry is a highly competitive market, where the big companies like Delivery Hero and Uber Eats are expanding their global reach and achieving billions of dollars in revenues. In 2023, Uber Eats was the leading food delivery company worldwide, with more than ** billion U.S. dollars in revenues. Delivery Hero followed in second, with nearly ** billion dollars in global revenues.

Since its debut in Mexico in October 2016, the U.S. ordering and delivery app, Uber Eats, has expanded to all ** Mexican states. By August 2023, the platform registered more than ************* users, ****** affiliated restaurants, and ******* delivery partners and drivers. In parallel, Rappi made its entrance into the Mexican market in 2015, experiencing robust growth that has spanned over *** cities across the country. The Colombian on-demand delivery platform has forged partnerships with over ******* businesses, ****** of which were small and medium-sized enterprises.