Tag Archives: Uber

South America Ride Hailing Market Size, Share, Key Players, Growth Factors Analysis Report with Trends and Forecast till 2023

According to TechSci Research report, South America Ride Hailing Market By Vehicle Type, By Internet Connectivity, By Service Type, By Vehicle Connectivity, By Country, Competition Forecast & Opportunities, 2017-2023, the ride hailing market in South America is forecast to grow at a CAGR of 11.5% during 2018 – 2023. Growing urbanization, expanding fleet of automobiles and increasing penetration of smartphones and internet are among the key factors expected to aid the market growth during the forecast period. Increasing traffic congestion and ride hailing benefits such as ease of booking and enhanced comfort are also anticipated to boost demand for ride hailing services in South America in the coming years.

North America Ride Hailing Market By Vehicle Type, By Internet Connectivity, By Service Type, By Vehicle Connectivity, By Country, Competition Forecast and Opportunities, 2017-2023

According to TechSci Research report, North America Ride Hailing Market By Vehicle Type, By Internet Connectivity, By Service Type, By Vehicle Connectivity, By Country, Competition Forecast & Opportunities, 2017-2023”, ride hailing market in North America is projected to reach $ 35 billion by 2023, on the back of increasing inclination of people towards cab services in the region. Rising air pollution levels owing to the growing fleet of automobiles, in addition to development of autonomous and semi-autonomous vehicles and increasing number of collaborations between OEMs and ride hailing service providers would have a positive impact on the region’s ride hailing market in the coming years.

Middle East and Africa Ride Hailing Market to Exhibit 20% CAGR until 2023

According to TechSci Research report, Middle East & Africa Ride Hailing Market By Vehicle Type, By Internet Connectivity, By Service Type, By Vehicle Connectivity, By Country, Competition Forecast & Opportunities, 2017-2023, MEA ride hailing market is projected to grow at a CAGR of 21% during 2018 – 2023. Backed by ease of booking and enhanced comfort offered by ride hailing services, in addition to growing population and rising urbanization, the Middle East & Africa ride hailing market is expected to register high double digit growth in the coming years. Some of the other factors that would aid growth in the market are increasing air pollution levels owing to the rising fleet of automobiles coupled with supportive government initiatives to encourage use of ride hailing services.

Europe & CIS Ride Hailing Market to Cross $ 37 Billion by 2023

According to TechSci Research report, Europe & CIS Ride Hailing Market By Vehicle Type, By Internet Connectivity, By Service Type, By Vehicle Connectivity, By Country, Competition Forecast & Opportunities, 2017-2023, the region’s ride-hailing market is forecast to reach $ 37.8 billion by 2023. Growing demand for better transportation services through a reliable and fast mobile platform, and rising penetration of internet and smartphone users is aiding growth in the ride-hailing market in Europe & CIS. Increasing number of government initiatives aimed at reducing the volume of private vehicles on the roads amid rising air pollution levels across the region are anticipated to fuel demand for ride-hailing services in the coming years.

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