Must-Know Ride Sharing Statistics [Latest Report]

In this post, we will explore a comprehensive set of ride-sharing statistics, shedding light on various aspects of the industry from market shares and revenue figures to user demographics and satisfaction levels. From Uber’s net revenue trends and market dominance to the projected growth of the global ride-sharing market, these statistics provide valuable insights into the evolving landscape of transportation services.

Statistic 1

"Uber’s global net revenue increased from $9.2 billion in 2018 to $11.14 billion in 2019, but the company also had a net loss of $8.51 billion."

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Statistic 2

"Uber has the largest market share of any ride-hailing company in the US at 71.7%, while Lyft holds 28.3%."

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Statistic 3

"Uber had 93% of ride-hailing drivers in the US in August 2020, while Lyft had only 4%, with the remaining 3% being other ride-hailing companies."

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Statistic 4

"Overall, Uber drivers in the US were mostly satisfied (85%), but there was significant variation in satisfaction levels between markets."

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Statistic 5

"Global ride sharing market is expected to reach $220.5 Billion by 2025"

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Statistic 6

"North America dominates the ride sharing market, accounting for 35% of total revenue in 2021"

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Statistic 7

"Around 36% of US adults have used a ride-sharing service"

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Statistic 8

"The user penetration for ride sharing services is expected to reach 20.9% in 2023"

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Statistic 9

"As of April 2021, Uber had 98 million active users"

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Statistic 10

"Around 60% of ride-sharing users report satisfaction levels above 75% with the service"

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Statistic 11

"It is estimated that the average ride-sharing user spends $57 per month on the service"

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Statistic 12

"As of 2020, Lyft had 22.9 million active users in the United States"

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Statistic 13

"In 2019, the global ride sharing market was valued at $85.8 billion"

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Statistic 14

"Approximately 69% of ride-sharing users prioritize price when choosing a service"

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Statistic 15

"As of October 2020, Didi Chuxing was valued at $62 billion"

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Statistic 16

"Access to ride-sharing reduces the rate of drunk driving-related fatal accidents by as much as 6.1%"

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Statistic 17

"In 2020, 84% of the total revenue generated by Uber came from its ride-sharing segment"

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In conclusion, the ride-sharing industry, dominated by Uber and Lyft, continues to experience significant growth and market share dominance, particularly in the US and global markets. While Uber’s revenue is steadily increasing, the company’s financial performance remains a concern due to substantial net losses. User satisfaction levels vary among markets but overall reflect a positive trend, with a majority of users reporting high satisfaction levels. The market is poised for further expansion with increasing user penetration and revenue projections. The impact of ride-sharing services on reducing drunk driving incidents and the substantial role of pricing in user decisions highlight key aspects of the industry’s dynamics.

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