Ride-Hailing Market COVID-19 Impact Analysis By Segmentations, Key Company Profiles & Demand 1 ©P&SIntelligence.Allrightsreserved
The need for economically efficient mobility options across the globe is growing rapidly. Even though vehicles have become cheaper than they were a few years ago, several people still cannot afford private vehicles. Owing a private vehicle anyway demands high investment, including fuel cost, vehicles cost, maintenance charge, parking expense, and insurance cost. Because of such factors, enterprises are coming up with new mobility solutions that can help people commute easily and at low cost. One of such solutions is ride-hailing, which enable people to enjoy facilities of a private vehicle without actually owning one. Request to Get the Sample Report@ https://www.psmarketresearch.com/market- analysis/ride-hailing-market/report-sample When a person avails ride-hailing services, he/she only needs to pay for the distance traveled and all the other additional costs, including the cost of the fuel, parking charges, or vehicle maintenance expenses are taken care of by service providers. Therefore, a person can commute easily, even on a daily basis, with any kind of hassles, which is resulting in the growth of the global ride-hailing market across the globe. In addition to all this, people these days are becoming reluctant for buying a vehicle as they are harming the environment, and in such situation, services like ride-hailing, can make significant difference. The global ride-hailing market revenue is predicted to generate revenue of $120.2 billion by 2024, increasing from $50.4 in 2018, and is expected to register a 13.0% CAGR during the forecast period (2019–2024). On the basis of vehicle type, the market is divided into luxury, economy, and executive, among which, the economy division held the largest share of the market in the past. This is due to the fact that the number of cars under this category is more than luxury and executive cars. When commuting pattern is taken into consideration, the market is categorized into occasionally, daily/weekly, and monthly. Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send- enquiry?enquiry-url=ride-hailing-market Hence, the demand for ride-hailing service is increasing due to the need for convenient and economical mobility options and surging pollution. Market Segmentation by Vehicle Type •Economy •Executive •Luxury Market Segmentation by Commuting Pattern •Daily/Weekly •Monthly •Occasionally Market Segmentation by End User
•Personal •Business Market Segmentation by Geography •North America Ride-Hailing Market oBy vehicle type oBy commuting pattern oBy end user oBy country – U.S. and Canada •Europe Ride-Hailing Market oBy vehicle type oBy commuting pattern oBy end user oBy country – U.K., France, Spain, Germany, Poland, Italy, Netherlands, Portugal, and Rest of Europe •Asia-Pacific (APAC) Ride-Hailing Market oBy vehicle type oBy commuting pattern oBy end user oBy country – China, India, Japan, Australia, Singapore, and Rest of APAC •Rest of the World (RoW) Ride-Hailing Market oBy vehicle type oBy commuting pattern oBy end user oBy country – Mexico, Brazil, U.A.E., Russia, and Others This study covers •Historical and the present size of the Ride-Hailing Market •Major factors driving the market and their impact during the short, medium, and long terms •Market restraints and their impact during the short, medium, and long terms •Recent trends and evolving opportunities for the market participants •Historical and the present size of the market segments and understand their comparative future potential •Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings •Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders •Major players operating in the market and their service offerings •Recent strategic developments by the major players in the market 3 ©P&SIntelligence.Allrightsreserved
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