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Ride Sharing Market Asia Pacific to record a Whopping CAGR of Over 39% through 2026

Jan 29th 2019 at 11:34 PM

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Ride Sharing Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

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Technological advancements like global positioning system (GPS), addressing the modern-day need of the passengers, have substantially increased the adoption of ride sharing services. Enhanced security modules offered by on-demand taxi services have further reflected positively on the growth of the ride sharing market.

The aforementioned valuable insights have been culled from a report titled, “Ride Sharing Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”, which has been recently updated in the broad repository of Market Research Reports Search Engine (MRRSE). According to the report, the ride sharing market is forecasted to record a striking CAGR rate of over 20% through 2026. Ride sharing is extensively popular amongst the individuals falling in the range of mid-level and lower-level income, owing to the reasonable prices of the service. Rise in the traffic congestion, increase in the fuel prices, and daily commute to workplace, have been major demand drivers for ride sharing services.

Increasing environmental concerns pertaining to pollution and global warming have hard pressed the government, which in turn has resulted in the stringent traffic control laws, owing to which the consumers are inclined towards sharing a ride. Nascent developments for autonomous vehicles is further anticipated to propel the demand for ride sharing services. Leading players in the market are strengthening their footprints in the market by entering into strategic mergers and acquisitions. This in turn has contributed in the expansion of ride sharing market in Asia Pacific, which is projected to record a whopping CAGR of over 39% through 2026.

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The descriptive market study on the ride sharing market has been forecasted for the duration 2018 – 2026. The elaborative report offers a decisive view on the regional as well as global market in terms of revenue (US$ Mn). Several demand drivers, restraints, opportunities, and threats have been assessed and included in this report.

Value chain analysis has been included in the market study, which encompasses a detailed outlook on the global ride sharing market. A comprehensive study on market attractiveness has been encapsulated in this report, which highlights the major segments of the market. The market has been analyzed, depending on the service provider, vehicle type, autonomy level, operating body, electric vehicle type, business model and region.

An in-depth information on the historic, present, and future trends of the market have been analyzed and added in this report. The ride sharing market has been forecasted, depending on the variables such as economic, regulatory, political, geographical, and technological.

On the basis of geography, the regions have been segmented into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. A brief analysis on each of these regions have been provided in these report.

Leading players in the segment constitute of ANI Technologies Pvt. Ltd. (OLA), Uber Technologies Inc., Lyft, Inc., Careem, Grab, Taxify OÜ, Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing), Gett, BlaBlaCar, Curb Mobility, Cabify, and Wingz, Inc. A descriptive assessment for each of these companies has been included in the report, besides their financials, business strategies, market size, and market share.

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