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Ride Hailing Services Global Industry Analysis and Forecast of Market Size: 2024-2030

A ride hailing service is, in most cases, a comfortable method for door-to-door transport. Ride hailing services use online-enabled platforms to connect between passengers and local drivers using their personal non-commercial vehicles.
Published 07 May 2024

    The global market for Ride Hailing Services was estimated to be worth US$ 133000 million in 2023 and is forecast to a readjusted size of US$ 231630 million by 2030 with a CAGR of 7.0% during the forecast period 2024-2030

    The prospect of self-driving cars is expected to significantly reduce the cost of ride-hailing services, triggering the rise of the mobility-as-a-service (MaaS) concept. Additionally, banks and lenders have lowered interest rates, making financing a car purchase easier and cheaper. Using self-driving fleets can help companies innovate services by improving passenger comfort and safety.

    Population growth has led to issues such as increased traffic congestion, lack of suitable public transport options and longer waiting times for public transport services. Therefore, the demand for ride-hailing services attracts more travelers as it offers faster services and on-demand services. Rising fuel prices, increased vehicle maintenance and the adoption of strict emissions standards have effectively made ride-hailing cheaper than owning a vehicle. This is expected to drive market growth over the forecast period.

    It is expected that by 2027, the number of users in the online ride-hailing market will reach 1.92 billion. User penetration is expected to reach 21.9% in 2023 and 24.2% in 2027. Average revenue per user (ARPU) is expected to reach $91.27. Compared to the world, the majority of revenue will come from China ($56.16 billion in 2023).

2024 Market Report by QYResearch “Ride Hailing Services - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030” provides an extensive examination of Ride Hailing Services market attributes, size assessments, and growth projections through segmentation, regional analyses, and country-specific insights, alongside a scrutiny of the competitive landscape, player market shares, and essential business strategies. This inquiry delivers a thorough perspective with valuable insights, accentuating noteworthy outcomes in the industry. These insights empower corporate leaders to formulate improved business strategies and make more astute decisions, ultimately enhancing profitability. Furthermore, the study assists private or venture participants in gaining a deep understanding of businesses, enabling them to make well-informed choices.

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The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Ride Hailing Services market is segmented as below:

By Company

    DiDi Chuxing





    Meituan Dianping



    Free Now (Daimler)


    FastGo Vietnam JSC


Segment by Type



Segment by Application




The Ride Hailing Services Market Size and Industry Challenges :

The research provides specific information on market share for the industry and Ride Hailing Services issues.

By examining the market size, businesses may be better equipped to understand the overall development and decrease of the Ride Hailing Services.

Using a range of findings, the Ride Hailing Services Market Research analyses industry challenges.

The final draught describes the broad issues the sector is facing as well as the impacted businesses.

The global Ride Hailing Services market is divided into categories based on type, region, and application.

Reasons to Purchase the Ride Hailing Services Market Report :

It aids start-up businesses in locating new customers while preventing failure.

With the aid of this study, you will be able to contrast each company in the sector and have a thorough understanding of the Ride Hailing Services Market.

Makes it simpler to make informed business decisions by taking into account all of the data shown in the report.

Table of Contents

1 Ride Hailing Services Market Overview

1.1 Ride Hailing Services Product Overview

1.2 Ride Hailing Services Market by Type

1.3 Global Ride Hailing Services Market Size by Type

1.3.1 Global Ride Hailing Services Market Size Overview by Type (2019-2030)

1.3.2 Global Ride Hailing Services Historic Market Size Review by Type (2019-2024)

1.3.3 Global Ride Hailing Services Forecasted Market Size by Type (2025-2030)

1.4 Key Regions Market Size by Type

1.4.1 North America Ride Hailing Services Sales Breakdown by Type (2019-2024)

1.4.2 Europe Ride Hailing Services Sales Breakdown by Type (2019-2024)

1.4.3 Asia-Pacific Ride Hailing Services Sales Breakdown by Type (2019-2024)

1.4.4 Latin America Ride Hailing Services Sales Breakdown by Type (2019-2024)

1.4.5 Middle East and Africa Ride Hailing Services Sales Breakdown by Type (2019-2024)

2 Ride Hailing Services Market Competition by Company

2.1 Global Top Players by Ride Hailing Services Sales (2019-2024)

2.2 Global Top Players by Ride Hailing Services Revenue (2019-2024)

2.3 Global Top Players by Ride Hailing Services Price (2019-2024)

2.4 Global Top Manufacturers Ride Hailing Services Manufacturing Base Distribution and Headquarters

2.5 Ride Hailing Services Market Competitive Situation and Trends

2.5.1 Ride Hailing Services Market Concentration Rate (2019-2024)

2.5.2 Global 5 and 10 Largest Manufacturers by Ride Hailing Services Sales and Revenue in 2023

2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Ride Hailing Services as of 2023)

2.7 Date of Key Manufacturers Enter into Ride Hailing Services Market

2.8 Key Manufacturers Ride Hailing Services Product Offered

2.9 Mergers & Acquisitions, Expansion

3 Ride Hailing Services Status and Outlook by Region

3.1 Global Ride Hailing Services Market Size and CAGR by Region: 2019 VS 2023 VS 2030

3.2 Global Ride Hailing Services Historic Market Size by Region

3.2.1 Global Ride Hailing Services Sales in Volume by Region (2019-2024)

3.2.2 Global Ride Hailing Services Sales in Value by Region (2019-2024)

3.2.3 Global Ride Hailing Services Sales (Volume & Value), Price and Gross Margin (2019-2024)

3.3 Global Ride Hailing Services Forecasted Market Size by Region

3.3.1 Global Ride Hailing Services Sales in Volume by Region (2025-2030)

3.3.2 Global Ride Hailing Services Sales in Value by Region (2025-2030)

3.3.3 Global Ride Hailing Services Sales (Volume & Value), Price and Gross Margin (2025-2030)


Each chapter of the report provides detailed information for readers to further understand the Ride Hailing Services market:

Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter Two: Detailed analysis of Ride Hailing Services manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter Three: Sales, revenue of Ride Hailing Services in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.

Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter Twelve: Analysis of sales channel, distributors and customers.

Chapter Thirteen: Research Findings and Conclusion.

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