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Ride Sharing Market worth $218.0 billion by 2025

by swapnilbhosale1 month ago
tags: Ride Sharing Market

According to the new market research report  "Ride Sharing Market by Type (E-hailing, Station-Based, Car Sharing & Rental), Car Sharing (P2P, Corporate), Service (Navigation, Payment, Information), Micro-Mobility (Bicycle, Scooter), Vehicle Type, and Region - Global Forecast to 2025", published by MarketsandMarkets™, is estimated to be USD 61.3 billion in 2018 and is projected to reach USD 218.0 billion by 2025, at a CAGR of 19.87%. The market is primarily driven by rising urbanization and declining car ownership.

 

Corporate car sharing is expected to grow at the highest CAGR in the global car sharing market during the forecast period

Corporate car sharing is a kind of mobility solution provided by employers to their employees for every day commutation and specific business requirements. The demand for corporate car sharing is expected to grow as people riding to offices are likely to travel on the same route. Thus, it is much easier to find co-passenger with ease and less waiting time. Corporate car sharing enables commercial businesses to reduce or eliminate private vehicle fleets by providing their employee’s access to shared cars. It offers many benefits to businesses such as it gives flexibility to employees, reduces fleet management costs, and creates less traffic on roads.

 

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