Ride Sharing Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

Global Ridesharing Industry Analysis & Statistics is segmented by Membership Type (Fixed Ridesharing, Dynamic Ridesharing, and Corporate Ridesharing), Service Type (Web-Based, App-Based, and Web & App-Based), and Geography.

Ridesharing Market Size

Global Ridesharing Market Summary
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Study Period 2018 - 2028
Market Size (2023) USD 42.21 Billion
Market Size (2028) USD 77.11 Billion
CAGR (2023 - 2028) 12.81 %
Fastest Growing Market Asia Pacific
Largest Market Europe

Major Players

Global Ridesharing Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Ridesharing Market Analysis

The Ridesharing Market size is expected to grow from USD 42.21 billion in 2023 to USD 77.11 billion by 2028, at a CAGR of 12.81% during the forecast period (2023-2028).

  • The Ridesharing market will be driven by increased demand for cost-effective and time-saving transportation. The rising expense of car ownership, the need to minimize traffic for environmental reasons, and government rules encouraging ridesharing services are all significant factors driving the global adoption of ridesharing services.
  • Waze, Carma, eRideShare, and CarpoolWorld are some American startups that believe digital networks and smartphones will drive the ridesharing market. Trends such as carpooling are growing on in Europe; French BlaBlaCar already boasts 40 million users globally. Over 500,000 people in the UK use Liftshare. Another factor that will drive the need for ridesharing services is traffic. In Los Angeles, for example, the average commute time is 53.68 minutes. In Europe, Britons face the longest commute of up to 45 minutes. As a result, many governments are pushing ridesharing systems. San Francisco's (BART) Bay Area Rapid Transit system launched a new program to encourage carpooling.
  • Due to bad public transportation systems and growing populations and business operations in Asia-Pacific and Latin America, the demand for affordable and effective mobility is developing significantly. Southeast Asia has seen a dramatic ridesharing market increase in the last 2-3 years. Many global vendors have taken advantage of the region's growth in popularity of ridesharing services and are growing their presence in the region.
  • These factors fuel the ridesharing app's growth, rapidly becoming the foundation for smart transportation in the region. According to the Dalia survey, 45% of the region's smartphone-owning urban population has used a ridesharing app or site, with Mexico leading the way at 58%.
  • The recent COVID-19 pandemic and nationwide lockdown across the world have impacted the ridesharing industry too. Most of the market vendors have modified or suspended their businesses in an attempt to help stop the spread of coronavirus. In many regions during the recent lockdown, the demand for ridesharing has dropped to the point that these services aren't needed right now. The COVID-19 outbreak has turned customer attention away from ride-hailing services to car rental and owning a car. This is projected to drive some of these customers to ridesharing services, where the customer primarily verifies the driver. As a result, suppliers of longer-term vehicle subscriptions and rentals for premium cars are seeing growth. For example, ZoomCar, an Indian self-drive car rental company, anticipates a huge increase in demand for personal mobility post lockdown and expects a 3-4 x increase in demand. These trends can also shift users away from ride-hailing services toward ridesharing services.
  • Rising carpool operator strikes demanding better and regulated pay rates, criminal charges for nonprofessional drivers, resistance from traditional transportation services, and complex transportation rules may all hamper the growth of the ridesharing market.

Ridesharing Market Trends

This section covers the major market trends shaping the Ridesharing Market according to our research experts:

COVID-19 Has Posed Significant Threat to the Market

  • Due to the recent COVID -19 outbreak, ride-hailing and ridesharing have witnessed massive declines in demand. However, many believe the ridesharing market can emerge again, as many people are now shifting to personal cars.
  • This factor may boost ridesharing services, like fixed ridesharing and corporate ridesharing. According to the recent global survey by Cars.com in mid-March 2020, over 40 % of the respondents had stopped using ridesharing and hailing services to reduce the odds of catching the contagious virus. Over 90% said that they had started using their cars, and 20 % of the respondents had already started looking at investing in buying a new vehicle.
  • Many governments are also declining ridesharing and hailing services to control pollution levels. According to a study by Harvard University's T. H . Chan School of Public Health, cities with higher air pollution levels (PM 2.5) are more susceptible to COVID-19. Similarly, as per the European Public Health Alliance (EPHA), air pollution can increase the impact of COVID-19.
  • In April 2020, the Centers for Disease Control and Prevention issued new guidelines for rideshare drivers and other driving occupations (taxis, limousines, etc.). CarGurus's recent COVID -19 sentiment study shows that car sales are unlikely to be affected by the pandemic in the long term. Around 79% of respondents delayed their car purchases due to the pandemic. Meanwhile, 39% said they would reduce their ride-hailing service consumption or stop using them entirely.
  • However, in the coming months, the COVID-19 pandemic will undoubtedly change the transport sector, especially in population-dense countries, like China and India. The fluctuating vehicle sales and reduced trust in ride-hailing services like Uber may develop a space for other carpooling and ridesharing services.
  • Many market vendors are also changing their offerings amid the COVID-19 pandemic, which is expected to create a brand image and help them gain customers' trust. For instance, in Germany, Berliner Verkerhsbetriebe (BVG) offers BerlKönig, a rideshare service. It suspended its regular operations during the COVID-19 outbreak. Instead, the company offers free lifts to medical staff during evening and nighttime hours.
Global Ridesharing Market : Share of Ride-Hailing Services in total Taxi Transport Volume in China from 2015 to 2021

Europe to Account for Significant Market Share

  • Urbanization has stressed the urban transportation systems that tend to affect the population's quality of life. The reduced mobility options, inadequate transportation infrastructure, increasing congestion, pollution, and traffic safety problems, are a few crucial problems that need a systematic approach to be resolved.​​
  • France is one of the most prominent tourist spots, the most beautiful city is Paris with Eiffel Tower, Louvre museum, and Disneyland. Paris intends to encourage sustainable transport through electric carsharing and EV purchase incentives and has launched the world's first fully electric carshare service, Autolib, to inculcate sharing culture. Furthermore, it has created a Navigo payment system that ensures great customer satisfaction by providing an easy-to-use network and allowing customers to pay for public transportation, car sharing, and bike-sharing programs. These plans are likely to stimulate the expansion of the ridesharing market.
  • Car ownership in the EU-28 area increased considerably between 2000 and 2019, growing from 411 cars per thousand inhabitants to more than 516. However, the industry is now expected to reduce its carbon emissions in line with the Paris Agreement. Many European cities, for example, have adopted low-emission zones.
  • Moreover, MaaS (Mobility as a Service) aims to create a simplified and unique marketplace where many mobility services will be offered through a single app or equivalent. According to a recent survey, 59% of Europeans are interested in using a MaaS-type app.
  • In Europe, the contenders for ridesharing supremacy include American companies and those born on the continent, operating in various countries, all with their own linguistic, behavioral, and legal particularities. In February 2021, Chinese ride-hailing giant Didi Chuxing Technology Co. planned to make its debut in Western Europe. Beijing-based Didi is considering rolling out ridesharing services in markets that could include the UK, France, and Germany by the first half of this year.
  • Furthermore, due to the pandemic, many companies have begun to offer new services to assist. For instance, in August 2020, the French ridesharing company BlaBlaCar announced that it had turned its users into a makeshift volunteer network. Instead of being paid for the rides, drivers offered to deliver the essential items to people who needed them by downloading BlaBlaHelp. This tech shortcut and the help in these difficult times struck a chord within the users, as more than 20,000 people registered on the platform within 72 hours, and thousands have followed since the launch. ​
Global Ridesharing Market : Growth Rate by Region (2020-2027)

Ridesharing Industry Overview

The Global Ridesharing Market is quite fragmented, as there is high competition in the market among major players. Since this market is booming, more new entrants are entering the market, creating more competition with their various unique approaches. And the major players are trying to increase their user base by providing multiple offers where they could utilize the ridesharing apps.

  • November 2021 - Mahindra Logistics Ltd. (MLL) acquired Meru Cabs, a ridesharing company. Adding Meru under the MLL brand will further strengthen MLL's mobility business. MLL is already a leader in its Enterprise Mobility Service (ETMS) business, which operates under the 'Alyte' brand. With this acquisition, MLL will enhance its range of mobility solutions with a strategic focus on enterprise customers and electric mobility.
  • September 2021 - UCR Partners with Commute with Enterprise to provide vanpool services to commuters living within close proximity of each other and allows them to share the ride to and from the UCR campus. Vanpooling can save their money, reduce wear and tear on their personal vehicle, reduce commute time, help keep the air-breathing cleaner, lower greenhouse gas emissions, and reduce both traffic and parking congestion.
  • July 2021 - Lyft, Argo AI, and Ford Motor Company have launched autonomous ridesharing services in Miami, United States, fulfilling a joint commitment to deploy Ford's autonomous vehicles, powered by the Argo Self-Driving System on Lyft's ridesharing network. As part of the collaboration between Lyft and its partners, the debut of this service marks the first time autonomous vehicles are available for ridesharing in Miami. The unique partnership will bring together all components required to build a sustainable autonomous ride-hailing service, including the self-driving technology, vehicle fleet, and transportation network needed to support a scalable business and provide an amazing rider experience.

Ridesharing Market Leaders

  1. Via Transportation, Inc.

  2. BlaBlaCar

  3. Scoop Technologies, Inc.

  4. Didi Chuxing Technology Co

  5. Zimride Inc.

*Disclaimer: Major Players sorted in no particular order

Global Ridesharing Market Concentration

Ridesharing Market News

  • June 2022 - Uber has launched a new UberX Share service to share rides, which is remarkably similar to Uber's pre-pandemic carpooling feature, but with a monetary incentive. Riders who choose UberX Share will be paired with another co-rider traveling in the same direction. Uber will give riders a 20% reduction on the overall fee in exchange for the inconvenience and extra time spent on the road. Even if riders are not matched with a co-rider, they will receive an up-front discount on their ride.
  • February 2022 - Avolon and AirAsia partnered to create a transformational ridesharing platform in Southeast Asia by 2025. Air Asia has signed an MOU to lease a minimum of 100 VX4 eVTOL aircraft from Avolon. These eVTOL aircraft will allow AirAsia to further revolutionize air travel by providing advanced air mobility to a new range of passengers. In addition to the eVTOL aircraft, Avolon, through its investment and innovation affiliate Avolon-e, will partner with AirAsia to commercialize zero-emissions eVTOL aircraft and develop an industry-leading urban air mobility ('UAM') platform in Southeast Asia.

Ridesharing Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Assessment of the COVID-19 Impact on the Industry


    1. 5.1 Market Drivers

      1. 5.1.1 Cost Advantage and Increasing Availability of Carpooling/Corporate Pooling Services

      2. 5.1.2 Incentives and Rebates Provided by Governments in Major Markets, such as France

      3. 5.1.3 Increasing Cost of Vehicle Ownership and Environmental Benefits

    2. 5.2 Market Challenges

      1. 5.2.1 Last-mile Connectivity Concerns and Dynamic Nature of the Industry and Increasing Cloud of Ride-hailing Vendors to Pose a Challenge

    3. 5.3 Market Opportunties


    1. 6.1 By Membership Type

      1. 6.1.1 Fixed Ridesharing

      2. 6.1.2 Dynamic Ridesharing

      3. 6.1.3 Corporate Ridesharing

    2. 6.2 By Service Type

      1. 6.2.1 Web Based

      2. 6.2.2 App Based

      3. 6.2.3 Web and App Based

    3. 6.3 By Geography

      1. 6.3.1 North America

      2. 6.3.2 Europe

      3. 6.3.3 Asia Pacific

      4. 6.3.4 Rest of the World


    1. 7.1 Company Profiles

      1. 7.1.1 Zimride Inc.

      2. 7.1.2 Kangaride Canada Co.

      3. 7.1.3 CarpoolWorld (Datasphere Corporation)

      4. 7.1.4 Via Transportation Inc.

      5. 7.1.5 SPLT (Bosch)

      6. 7.1.6 Scoop Technologies Inc.

      7. 7.1.7 BlaBlaCar (Comuto SA)

      8. 7.1.8 KINTO Join Limited

      9. 7.1.9 GoMore

      10. 7.1.10 Klaxit SAS (formerly Wayzup)

      11. 7.1.11 Flinc GmbH (Daimler Mobility Services)

      12. 7.1.12 Wunder Mobility Solutions GmbH

      13. 7.1.13 Didi Chuxing Technology Co.

      14. 7.1.14 HyreCar Inc

      15. 7.1.15 Vride Inc (Acquired by Enterprise Holdings Inc)

    2. *List Not Exhaustive


**Subject to Availability

Ridesharing Industry Segmentation

The market for ridesharing has been calculated considering the membership count and overall revenues acquired by the pure-play ridesharing companies that provide the following types of services Fixed Long-distance ridesharing, Dynamic (short-distance) ridesharing, and Corporate ridesharing. Uber, Didi, Lyft, and Grab (among others) that primarily specialize in providing ride-hailing services are not considered in the scope, as their principal business objective and nature of the engagement between rider and customer is fundamentally different from that of ridesharing vendors. Due to a lack of credible information on their operations, local and informal carpool programs that operate at a minimal scale are not considered in the scope.

By Membership Type
Fixed Ridesharing
Dynamic Ridesharing
Corporate Ridesharing
By Service Type
Web Based
App Based
Web and App Based
By Geography
North America
Asia Pacific
Rest of the World

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Ridesharing Market Research FAQs

The Global Ridesharing Market size is expected to reach USD 42.21 billion in 2023 and grow at a CAGR of 12.81% to reach USD 77.11 billion by 2028.

In 2023, the Global Ridesharing Market size is expected to reach USD 42.21 billion.

Via Transportation, Inc., BlaBlaCar, Scoop Technologies, Inc., Didi Chuxing Technology Co and Zimride Inc. are the major companies operating in the Global Ridesharing Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the Europe accounts for the largest market share in the Global Ridesharing Market.

Ridesharing Industry Report

Statistics for the 2023 Ridesharing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ridesharing analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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