Market Size of France Ridesharing Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.41 Billion |
| Market Size (2029) | USD 3.83 Billion |
| CAGR (2024 - 2029) | 9.71 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
France Ridesharing Market Analysis
The France Ridesharing Market size is estimated at USD 2.41 billion in 2024, and is expected to reach USD 3.83 billion by 2029, growing at a CAGR of 9.71% during the forecast period (2024-2029).
Rapid penetration of the internet and smartphones has increased the usability of ridesharing applications and created awareness at the same time. Technological advancements such as navigation service, live traffic data, and mapping, which are imperative for ridesharing services, have also propelled the market in France.
- Global warming has manifolded due to human activities, and as per the report, the transportation sector contributes to 14% of total global CO2 emissions. 95% of the world's transportation energy involves burning fossil fuels, largely gasoline and diesel. To reduce CO2 emissions, the government is setting ambitious targets for the emission of CO2 for road vehicles and encouraging ride-sharing to achieve the Paris Agreement on Climate Change.
- The court of appeal in Paris has ordered vehicle owners willing to share their car with passengers not to charge any more than what it costs to drive them to their destination and has cracked down on the model of making a profit out of the country's carpooling schemes. This has increased the adoption of carpooling rides in the country.
- Rising strikes from the carpool operators for the higher and regulated pay rates, criminal cases for nonprofessional drivers (UberPoP), resistance from traditional transport services, and complex transport policies can restrain the growth of ridesharing in France.
- However, ridesharing offers cost-effective, eco-friendly, and alternative options to meet new people is expected to boost the market. Furthermore, it involves very limited physical infrastructure (if any) to boost and comes at a very limited cost.
