Lift Sharing Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Uber, Scoop Technologies, BlaBlaCar, Karos, Carma, Wunder Carpool, Via Transportation

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Lift Sharing Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 12.2% during the review period (2022 to 2027).

Lift Sharing Market Overview:

The global Lift Sharing market was valued at $60.53 billion in 2021, and is projected to reach $210.83 billion by 2027, Lift The act of sharing a ride with another passenger, particularly one travelling in the same direction, is referred to as sharing. It may be used by a group of passengers on a shared basis. In order to use these ride-share services, there is generally a middleman that provides an app that allows riders and drivers to discover and connect with one another. A passenger can book a share trip by calling and texting the service provider, or by travelling to the service provider’s physical location and using a smartphone app or a website that uses the internet, which is also known as e-hailing. Passengers can book or rent a taxi or cab for a certain route that they have pre-determined. Passenger cars, motorcycles, scooters, minivans, vans, and buses are the most common types.

Falling demand of public transport to avoid the risk of poison post Covid-19 epidemic is further helping the growth of select ride sharing services. Moreover, introduction of big data analytics, IoT, and AI allow smart mobility options and the rise in the disposal of cab reservation services. With time & need, the mobility service providers (MSPs) devised different replicas of ride sharing services such as e-hailing, private vs. corporate car sharing, carpool, car rental and so on.

Who are the Major Players in Lift Sharing Market?

The Lift Sharing Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes: Uber, Scoop Technologies, BlaBlaCar, Karos, Carma, Wunder Carpool, Via Transportation, SPLT (Splitting Fares), Zimride by Enterprise, Waze Carpool, Didi Chuxing, Dida Chuxing, Ola Share, Grab, Meru Carpool, RYDE, sRide and Others.

Industry News:

Moving Forward Together: Launching Driver Advisory Council

Drivers are at the heart of what we do at Uber. Now, to bring their voice to the table, we’re launching India’s first Driver Advisory Council (DAC). The Council will facilitate a two-way dialogue between Uber and drivers to address critical issues and improve drivers’ platform experience. The newly formed council held its inaugural national meeting in Gurugram.

35+ drivers were chosen from 6 cities to be a part of the first Council. These drivers work across a range of product offerings available on Uber including cars, auto-rickshaws, and motorbikes, and represent the interests of tens of thousands of drivers on our platform. The focus of every meeting is decided by the Council members. For the maiden meeting, a wide range of issues was discussed with a special focus on driver earnings and support – an area we’re committed to making improvements in.

What are the major Applications, Types and Regions for Lift Sharing Market?

By Type, it is segmented into

• Online Platforms


• App-Based

By Applications it is segmented into

• Business


• Individuals


• Uber

Lift Sharing Market Regional Analysis

In July 2018, Didi Chuxing debuted a limited-time robotaxi service in Shanghai. In addition, General Motors' self-driving car business, Cruise, presented a driverless vehicle for ride-sharing service in the United States in January 2020. Furthermore, increased urbanisation, smart city development, and the major proliferation of Internet of Things (IoT) linked automobiles are some of the reasons projected to drive the growth of the autonomous ride sharing industry. Furthermore, robo-taxi manufacturers are collaborating with taxi fleet operators to design, develop, and launch robo-taxi services. For example, in June 2019, Uber revealed a third-generation self-driving electric robo-taxi built in collaboration with Volvo. As a result, the development of robo-taxis provides future growth potential for the ride-sharing industry.

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  • US
  
  
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• Europe
  
  
  
  • Germany
  
  
  • France
  
  
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  • Italy
  
  
  • Spain
  
  
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• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Lift Sharing Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Lift Sharing Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

Market Growing Factors:

Growth has been making pressure on the urban transportation systems that tend to affect the people's quality of life. The reduced mobility options, joined with insufficient bearing structure, increasing mobbing, pollution, and traffic safety glitches, are a few crucial problems that need a systematic approach to be resolved.​​

Car tenure 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 decrease its carbon releases in line with the Paris Agreement. Many European cities, for example, have adopted low-emission zones.

The growing demand for micro-mobility consisting of light buses such as mopeds, bikes, scoters, and longboards will have a marvelous impact on market growth. The growing information about shared micro-mobility among commuters will concurrently generate ride sharing market revenue owing to the necessity for hassle-free ride options.

Key Benefits For Investors

• This study presents logical depiction of the ride sharing market analysis along with current trends and upcoming estimates to portray imminent asset pouches.


• The overall ride sharing market opportunity is determined by considerate gainful trends to gain a solider position.


• The report presents information related to the key drivers, fetters, and chances of the global ride sharing market with a full influence analysis.


• The current ride sharing market is quantitatively analysed from 2020 to 2027 to standard the monetary capability.


• Porter’s five forces examination validates the potency of the buyers and dealers in the industry.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Question-

What is successful to be the growth rate of the market in the near future?

A notable growth rate of 19.2% can be achieved by the market in the coming years.

What can be the market value by the end of the review timeframe?

Surging fuel prices, shortage of parking spaces and growing traffic and mobbing, are the top issues that ensure the market growths in value over the coming years.

The highest market growth can take place in which region?

The highest market growth can take place in APAC during the review timeframe

What are the commercial models analysed in the report?

The commercial models analysed in the report are B2B, B2C and P2P.

Who are the significant vendors in the global market?

The significant vendors in the global market are Cabify (Spain), Uber Technologies Inc. (U.S.), Careem (UAE), Didi Chuxing Technology Co. (China), Gett (Israel), car2go (Germany), GrabTaxi Holdings Pte. Ltd. (Singapore), Taxify (Estonia), Lyft, Inc. (U.S.), ANI Technologies Pvt. Ltd. (India), to name a few.