Global Ride Hailing Service Market Size, Trends & Growth Opportunity, By Service Type (E-hailing, Car Rental, Car Sharing, and Station Based Mobility), By Vehicle Type (Two-Wheeler, Three-Wheeler, Four-Wheeler, and Others), By Location type (Urban, and Rural), By End User (Institutional and Personal), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Ride Hailing Service Market
Global Ride Hailing Service Market was valued at USD 42.1 billion in 2021 and is expected to reach USD 229 billion by 2027, at a CAGR 31.69% from 2022-2027.
Ride hailing service is an app which connects passengers and local drivers using their personal vehicles. In most cases they are a comfortable method for door-to-door transport. They are also cheaper than using licensed taxicabs. 
Ride hailing services enable passengers to hail a vehicle using online platforms like Uber, Ola, Garb, and Lyft. It provides one of the most comfortable means of transportation as it offers door-to-door services. Furthermore, while hailing a ride, information of the passenger and the driver is exchanged and making this service safer than traditional services.
Market Drivers
Increasing population in developing countries like India, and China is considered as a driving factor which is expected to propel the global ride hailing service market. Furthermore, rising preference for carpool and bike pool services among regular office commuters is expected to boost the market growth. 
Moreover, the growing trend of mobility-as-a-service will have a positive impact on market growth. For instance, according to the Bureau of Transportation Statistics, the average cost to own and operate a vehicle is around USD 8,858 assuming 15K miles travelled per year. 
Market restraints
However, the low rate of internet penetration in developing economies is the major challenging factor which is expected to hinder the global ride hailing service market growth. Also, reluctance towards ride-hailing services will restrain the market growth further.
Market Segmentation
The Global Ride Hailing Service Market is segmented into service type, vehicle type, location type, end user, and region.
Based on Service Type, the E-hailing market segment dominated the ride hailing service market with a maximum share in 2021. The rapid adoption of smartphone devices such as smart wearables, smartphones, and the growing use of the internet has contributed to the growth of E-hailing services.
Regional Analysis
The Global Ride Hailing Service Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
The North American region dominated the ride hailing service market with highest share in 2021. In the U.S., the ride hailing service providers generate the lion share of their gross income from trip bookings in large metropolitan areas, including trips to and from airport areas.
Key Players
Various key players are discussed into the Global Ride Hailing Service Market Report including:  Denso Corporation, Uber Technologies, Lyft, Grab, nuTonomy, Gett, Daimler AG, ANI Technologies, TomTom NV, Yandex.Taxi LLC, Addison Lee, and Others.
For instance, in January 2021, Uber Technologies Inc. had entered into a partnership agreement with EVgo to provide EV charging discounts to the drivers for around 800+ cities in the United States.
Market Taxonomy
By Service Type
•        E-hailing
•        Car Rental
•        Car Sharing
•        Station Based Mobility
By Vehicle Type
•        Two-Wheeler
•        Three-Wheeler
•        Four-Wheeler
•        Others
By Location Type
•        Urban
•        Rural
By End User
•        Institutional
•        Personal
By Region 
•        North America
•        Latin America
•        Europe
•        Asia Pacific
•        Middle East & Africa

Global Ride Hailing Service Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Ride Hailing Service Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Ride Hailing Service Market, By Service Type
5.1 Y-o-Y Growth Comparison, By Service Type 
5.2 Global Ride Hailing Service Market Share Analysis, By Service Type 
5.3 Global Ride Hailing Service Market Size and Forecast, By Service Type
5.3.1 E-hailing
5.3.2 Car Rental
5.3.3 Car Sharing
5.3.4 Station Based Mobility
6 Global Ride Hailing Service Market, By Vehicle Type
6.1 Y-o-Y Growth Comparison, By Vehicle Type
6.2 Global Ride Hailing Service Market Share Analysis, By Vehicle Type
6.3 Global Ride Hailing Service Market Size and Forecast, By Vehicle Type
6.3.1 Two-Wheeler
6.3.2 Three-Wheeler
6.3.3 Four-Wheeler
6.3.4 Others
7 Global Ride Hailing Service Market, By Location Type
7.1 Y-o-Y Growth Comparison, By Location Type
7.2 Global Ride Hailing Service Market Share Analysis, By Location Type
7.3 Global Ride Hailing Service Market Size and Forecast, By Location Type
7.3.1 Urban
7.3.2 Rural
8 Global Ride Hailing Service Market, By End User
8.1 Y-o-Y Growth Comparison, By End User
8.2 Global Ride Hailing Service Market Share Analysis, By End User
8.3 Global Ride Hailing Service Market Size and Forecast, By End User
8.3.1 Institutional
8.3.2 Personal
9 Global Ride Hailing Service Market, By Region
9.1 Global Ride Hailing Service Market Share Analysis, By Region
9.2 Global Ride Hailing Service Market Share Analysis, By Region
9.3 Global Ride Hailing Service Market Size and Forecast, By Region
10 North America Ride Hailing Service Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 North America Ride Hailing Service Market Share Analysis, By Service Type
10.3 North America Ride Hailing Service Market Size and Forecast, By Vehicle Type
10.4 North America Ride Hailing Service Market Size and Forecast, By Location Type
10.5 North America Ride Hailing Service Market Size and Forecast, By End User
10.6 North America Ride Hailing Service Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Ride Hailing Service Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Europe Ride Hailing Service Market Share Analysis, By Service Type 
11.3 Europe Ride Hailing Service Market Size and Forecast, By Vehicle Type 
11.4 Europe Ride Hailing Service Market Size and Forecast, By Location Type
11.5 Europe Ride Hailing Service Market Size and Forecast, By End User
11.6 Europe Ride Hailing Service Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Ride Hailing Service Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Asia Pacific Ride Hailing Service Market Share Analysis, By Service Type 
12.3 Asia Pacific Ride Hailing Service Market Size and Forecast, By Vehicle Type  
12.4 Asia Pacific Ride Hailing Service Market Size and Forecast, By Location Type
12.5 Asia Pacific Ride Hailing Service Market Size and Forecast, By End User
12.6 Asia Pacific Ride Hailing Service Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia Pacific
13 Latin America Ride Hailing Service Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Latin America Ride Hailing Service Market Share Analysis, By Service Type 
13.3 Latin America Ride Hailing Service Market Size and Forecast, By Vehicle Type 
13.4 Latin America Ride Hailing Service Market Size and Forecast, By Location Type
13.5 Latin America Ride Hailing Service Market Size and Forecast, By End User
13.6 Latin America Ride Hailing Service Market Size and Forecast, By Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Ride Hailing Service Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Middle East Ride Hailing Service Market Share Analysis, By Service Type 
14.3 Middle East Ride Hailing Service Market Size and Forecast, By Vehicle Type 
14.4 Middle East Ride Hailing Service Market Size and Forecast, By Location Type
14.5 Middle East Ride Hailing Service Market Size and Forecast, By End User
14.6 Middle East Ride Hailing Service Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Denso Corporation
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Uber Technologies
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Lyft
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Grab
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Addison Lee
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Gett
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Daimler AG
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies 
16.8 ANI Technologies
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies 
16.9 TomTom NV
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies 
16.10 Yandex.Taxi LLC
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies