GITNUX MARKETDATA REPORT 2024

The Most Surprising Ride Sharing Industry Statistics And Trends in 2024

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Ride-sharing has become an increasingly popular form of transportation in recent years, with the global ride-sharing market valued at approximately $61.3 billion in 2020 and expected to grow at a compound annual growth rate (CAGR) of 20.4% from 2020 to 2027. In the United States alone, the ride-hailing market was worth $36.48 billion in 2019 and more than 5.5 billion rides were taken that year across all platforms combined – making it one of the most lucrative markets for companies like Uber and Lyft who dominate this space globally as well as domestically within their respective countries such as China ($45.79B), India (20% CAGR 2021–2026), South Africa ($33M) or Mexico (130K driver partners).

In addition to these impressive figures, other interesting statistics include: over 75 million active users worldwide for Uber; 22.9 million active riders reported by Lyft during Q2 2021; estimated 1.4 billion ride-hailing users worldwide by 2021; shared mobility market projected to reach $138bn by 2025; 9% American adults use ride sharing services daily/weekly; 36% urban residents vs 22 % rural areas using them in US ; 57 % 18 – 29 age group have used them & 53 % women compared 47 % men are among its user base . All these facts point towards a bright future ahead for this industry which is why we decided take a closer look into some key Ride Sharing Industry Statistics today.

The Most Important Statistics
The ride-sharing industry is expected to grow at a compound annual growth rate (CAGR) of 20.4% from 2020 to 2027.

This statistic is a testament to the immense potential of the ride-sharing industry. It indicates that the industry is expected to experience a significant growth rate over the next seven years, making it an attractive investment opportunity for those looking to capitalize on the industry’s success. This statistic is an important piece of information for anyone interested in learning more about the ride-sharing industry and its future prospects.

The ride-hailing market in the U.S. accounted for $36.48 billion in 2019.

This statistic is a testament to the immense growth of the ride-hailing market in the U.S. in 2019, demonstrating the immense potential of the industry and its ability to generate significant revenue. It is a key indicator of the success of the ride-sharing industry and provides valuable insight into the current state of the market.

Ride Sharing Industry Statistics Overview

More than 5.5 billion ride-sharing trips were taken in the U.S. in 2019.

This statistic is a testament to the immense popularity of ride-sharing services in the United States. It speaks to the convenience and affordability of these services, which have become an integral part of many people’s daily lives. It also highlights the potential of the ride-sharing industry, which is only expected to grow in the coming years.

As of 2020, China had the largest ride-sharing market, with a market value of $45.79 billion.

This statistic is a testament to the immense growth of the ride-sharing industry in China, highlighting the immense potential of the market. It is a clear indication that the ride-sharing industry is a lucrative one, and that it is worth investing in. This statistic is also a reminder of the importance of staying ahead of the competition in the ride-sharing industry, as China has managed to become the largest market in the world.

In 2021, the number of ride-hailing users worldwide is estimated to be around 1.4 billion.

This statistic is a testament to the immense growth of the ride-hailing industry. It shows that the industry has seen a tremendous surge in popularity over the past few years, with an estimated 1.4 billion users worldwide in 2021. This is a clear indication that ride-sharing is becoming an increasingly popular way to get around, and it is likely to continue to grow in the future.

Uber has over 75 million active users globally.

This statistic is a testament to the immense success of Uber in the ride-sharing industry. It shows that Uber has been able to capture a large portion of the market share and has become a major player in the industry. This statistic is a clear indication of the potential of the ride-sharing industry and the success that Uber has achieved in it.

Lyft reported 22.9 million active riders in Q2 2021.

This statistic is a testament to the success of Lyft in the ride-sharing industry. It shows that the company has been able to attract and retain a large number of customers, indicating that its services are in high demand. This is an important indicator of the overall health of the ride-sharing industry, and it is a sign that the industry is continuing to grow.

Globally, the shared mobility market, which includes ride-sharing, is expected to reach $138.9 billion by 2025.

This statistic is a powerful indicator of the immense potential of the ride-sharing industry. It shows that the market is expected to grow exponentially in the coming years, making it an attractive investment opportunity for those looking to capitalize on the trend. With such a large projected market size, it is clear that ride-sharing is here to stay and will continue to be a major player in the transportation industry.

Approximately 9% of American adults use ride-sharing services every day or weekly.

This statistic is a powerful indicator of the success of the ride-sharing industry. It shows that a significant portion of the population is utilizing these services on a regular basis, demonstrating that ride-sharing has become an integral part of many people’s lives. This statistic is an important piece of evidence that the ride-sharing industry is thriving and has a bright future.

Around 36% of urban residents in the U.S. use ride-sharing services compared to 22% in rural areas.

This statistic is a telling indication of the impact of ride-sharing services on urban areas compared to rural areas. It shows that urban residents are more likely to take advantage of the convenience and cost-effectiveness of ride-sharing services than their rural counterparts. This is an important insight for anyone interested in the ride-sharing industry, as it highlights the potential for growth in rural areas.

In 2019, the ride-sharing market in Europe was valued at $28.24 billion.

This statistic is a testament to the immense growth of the ride-sharing industry in Europe. It shows that the industry has become a major player in the European economy, with a market value of over $28 billion. This statistic is a clear indication that the ride-sharing industry is here to stay and is likely to continue to grow in the coming years.

The global ride-hailing market is projected to reach $285 billion by 2030.

This statistic is a testament to the immense potential of the ride-hailing market. It shows that the industry is growing at a rapid pace and is expected to reach a staggering $285 billion by 2030. This is a clear indication that the ride-sharing industry is here to stay and is likely to become an even bigger part of our lives in the near future.

In 2019, 2% of all rides in New York City were done by ride-hailing apps.

This statistic is a telling indication of the impact ride-hailing apps have had on the transportation industry in New York City. It shows that, despite being a relatively new technology, these apps have already made a significant dent in the market, accounting for a sizable portion of all rides. This statistic is a testament to the success of ride-hailing apps and the potential they have to revolutionize the transportation industry.

About 57% of adults aged 18-29 in the U.S. have used ride-sharing services.

This statistic is a telling indication of the popularity of ride-sharing services among adults aged 18-29 in the U.S. It speaks to the widespread adoption of this technology and the potential for further growth in the ride-sharing industry.

In the U.S., 53% of ride-hailing app users are women, while 47% are men.

This statistic is significant in the context of the Ride Sharing Industry Statistics blog post because it reveals an important demographic breakdown of the industry. It shows that the ride-hailing app user base is almost evenly split between men and women, indicating that the industry is appealing to a wide range of people. This is important to note, as it suggests that the industry is growing and has potential for further expansion.

The Indian ride-sharing market is expected to grow at a CAGR of 20% during 2021-2026.

This statistic is a testament to the immense potential of the Indian ride-sharing market, indicating that it is set to experience a significant growth in the coming years. This is an important piece of information for anyone interested in the ride-sharing industry, as it provides insight into the future of the market and the opportunities it presents.

The South African ride-hailing market was valued at $33.8 million in 2019.

This statistic is a testament to the immense potential of the South African ride-hailing market. It shows that the industry is growing rapidly and is becoming an increasingly attractive investment opportunity. It also highlights the fact that the ride-sharing industry is becoming an increasingly important part of the South African economy, providing jobs and income to many people. This statistic is a key indicator of the industry’s success and should be taken into account when considering the future of the ride-sharing industry.

In 2020, Uber held a 68% market share for ride-sharing apps in the United States.

This statistic is a powerful indicator of Uber’s dominance in the ride-sharing industry in the United States. It demonstrates that Uber has a firm grip on the market, with a majority of the market share. This is an important statistic to consider when discussing the ride-sharing industry, as it provides insight into the competitive landscape and the current state of the industry.

Conclusion

The ride-sharing industry is a rapidly growing market, with the global value estimated to reach $285 billion by 2030. In 2020, the global ride-sharing market was valued at approximately $61.3 billion and is expected to grow at a compound annual growth rate (CAGR) of 20.4% from 2020 to 2027. The U.S., China, Europe and India are some of the largest markets for ride sharing services in terms of both revenue and user base; however Uber remains one of the most dominant players in this space with over 75 million active users globally as well as 68% market share in US alone in 2020 . With more than 5.5 billion rides taken worldwide last year, it’s clear that people have embraced these services wholeheartedly – especially younger adults aged 18-29 who make up 57% of all ridership across America – making them an integral part of our daily lives now more than ever before.

References

0. – https://www.oliverwyman.com

1. – https://www.imarcgroup.com

2. – https://www.bloomberg.com

3. – https://www.datareportal.com

4. – https://www.statista.com

5. – https://www.ibisworld.com

6. – https://www.grandviewresearch.com

7. – https://www.globenewswire.com

8. – https://www.pewresearch.org

9. – https://www.mordorintelligence.com

FAQs

What is the projection for the global ride-sharing market size by 2025?

The global ride-sharing market is expected to reach approximately $220 billion by 2025.

Which region has the highest market share in the ride-sharing industry?

The Asia Pacific region holds the largest market share in the ride-sharing industry, primarily driven by emerging markets like China, India, and Southeast Asia.

What factors contribute to the growth of the ride-sharing industry?

The growth of the ride-sharing industry can be attributed to factors such as increased smartphone penetration, urbanization, a growing global population, and a shift towards more sustainable modes of transportation.

Who are the major players in the ride-sharing industry?

The major players in the ride-sharing industry include companies such as Uber, Lyft, DiDi Chuxing, Grab, Gett, Ola, and BlaBlaCar, among others.

What are the primary challenges faced by the ride-sharing industry?

The primary challenges faced by the ride-sharing industry include regulatory barriers, safety and security concerns, ensuring profitability, and competition with traditional modes of transportation.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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