Ride-Hailing Market Share

Market Share of Ride-Hailing Industry

The market is moderately fragmented in nature as the players in the respective region have their high market share comparing to the overall region. UBER and Lyft have a prominent share in the North America region, whereas, in China, Didi Chuxing Technology Co. contributes to the high market share. Moreover, overall Didi, Uber, Lyft, and Grab have prominent market share globally. Recent developments in the market are -

• April 2020 - Shouqi Limousine and Chauffeur cooperated with Alibaba Cloud, leveraging innovation advantages to build a new industry ecosystem of 5G Internet of Vehicle. A pilot project between Shouqi Limousine and Chauffeur and Alibaba Cloud has been initiated for exploring 5G, edge computing for online ride-hailing mobile services. By leading the new era of intelligent transportation, the project will jointly explore the application and expansion of edge computing in transportation under 5G and together promote the development and upgrade of the public transport industry.

Ride Hailing Market Leaders

1. Didi Chuxing Technology Co.

2. Uber Technologies, Inc.

3. Lyft, Inc.

4. Grab Holdings Inc.

5. Daimler AG

*Disclaimer: Major Players sorted in no particular order