Ride Sharing Market Share, Trend & Growth Forecast to 2026

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Ride Sharing Market Growth Industry Analysis
Report, 2020-2026
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Key Insights Ride Sharing Market

• The ride sharing market is likely to foresee
  commendable growth in coming years owing to the
  rising demand for comfortable and safe urban
  mobility solutions. The fall in car ownership due
  to shifting vehicle ownership trends among the
  youth is also fostering the demand for these ride
  sharing services.
• The unprecedented expansions of towns and cities
  and the increased traffic congestion issues are
  also estimated to play a crucial role in driving
  the market for ride sharing in the forthcoming
  years.
• Moreover, advancements in IoT and Artificial
  Intelligence technology has enabled prominent
  ride sharing companies to add value to their
  services by enhancing the accessibility. This in
  turn is likely to support the market shift
  towards ride sharing services.

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Continued

• Several companies operating in the market are
  actively focusing on strategic acquisitions to
  increase their industry presence and revenues.
  Citing an instance, in October 2020, Uber, the
  renowned American ride hailing company,
  reportedly offered Daimler and BMW approximately
  1.2 billion to procure its ride-sharing rival
  Free Now, which is jointly owned by Daimler and
  BMW.
• Acquiring Free Now would reinforce Ubers
  dominance across Europe taxi and ride sharing
  market. As per current reports, Daimler is ready
  to sell its taxi business to Uber, but BMW, for
  now is considering of offering Uber a stake in
  its business.

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Major Companies Ride Sharing Market

• TwoGo
• Uber TechnologiesInc.
• Via TransportationInc
• Waze Mobile Ltd.
• ZIFY S.A.S
• Zipcar

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Regional Ride Sharing Market

• On the geographical front, ride sharing market in
  APAC is likely to witness robust growth over the
  coming years. This anticipated growth is ascribed
  to the rapid shift of the youth towards
  carpooling and ride sharing services. Likewise,
  office workers are also increasingly shifting
  towards these services for reducing their
  dependence on the use of crowded public transport
  for routine commute.
• With regards to the rapidly growing market
  demand, regional market players are actively
  launching novel ride sharing services in the
  market. For example, in February 2019, Mahindra
  Group, reportedly launched its ride sharing and
  e-mobility service Glyd in India.

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