Ride-Hailing Service Market Report by Vehicle Type (Two-wheeler, Three-wheeler, Four-wheeler, and Others), Service Type (E-hailing, Car Sharing, Car Rental, and Others), Payment Method (Cash, Online), Location Type (Urban, Rural), End User (Personal, Commercial), and Region 2025-2033

Ride-Hailing Service Market Report by Vehicle Type (Two-wheeler, Three-wheeler, Four-wheeler, and Others), Service Type (E-hailing, Car Sharing, Car Rental, and Others), Payment Method (Cash, Online), Location Type (Urban, Rural), End User (Personal, Commercial), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A5310

Market Overview:

The global ride-hailing service market size reached USD 191.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 381.3 Billion by 2033, exhibiting a growth rate (CAGR) of 7.97% during 2025-2033.

Report Attribute 
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 191.3 Billion
Market Forecast in 2033
USD 381.3 Billion
Market Growth Rate 2025-2033 7.97%


Ride-hailing refers to the process of booking customized rides online by customers via transportation network companies (TNCs). Ride-hailing services are convenient, cost-effective, safe for riders and help offer mobility to senior citizens as well as people with disabilities. They also display the license plate and model of the car to ensure that riders get into the right vehicle and can share the route with friends and family members.

Ride-Hailing Service Market Trends:

At present, there is a rise in the trend of on-demand transportation services due to flexible routing and ad-hoc scheduling of private automobiles. These automobiles allow passengers to have a personalized transportation experience by picking up and dropping off at their preferred locations. This, along with the growing number of employment opportunities offered by ride-hailing services, represents one of the key factors driving the market. Moreover, the rising employment of autonomous vehicles in ride-hailing services to reduce carbon dioxide (CO2) emissions in the environment are propelling the growth of the market. In addition, there is an increase in the utilization of mobility-as-a-service (MaaS) among individuals to reduce traffic congestion, road injuries, and the overall discomfort associated with traveling. This, coupled with the expanding user base of ride-hailing services around the world due to easy booking of vehicles and hassle-free payments as compared to conventional taxi services, is offering lucrative growth opportunities to key players. Besides this, several ride-hailing companies are raising funds from investors to enhance their technology and deliver better services to their clients. In line with this, governments of several countries are providing subsidies to drivers for encouraging them to take more bookings, which is bolstering the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ride-hailing service market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on vehicle type, service type, payment method, location type and end user.

Breakup by Vehicle Type:

  • Two-wheeler
  • Three-wheeler
  • Four-wheeler
  • Others
     

Breakup by Service Type:

Breakup by Payment Method:

  • Cash
  • Online
     

Breakup by Location Type:

  • Urban
  • Rural
     

Breakup by End User:

  • Personal
  • Commercial
     

Breakup by Region:

Ride-Hailing Service Market by Region

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aptiv PLC, Be Group JSC, BlaBlaCar, Bolt Technology OÜ, FREE NOW, Gett, Grab, InDriver, Lyft Inc., Ola Cabs, Ridecell Inc., TomTom N.V. and Uber Technologies Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units  Billion USD
Segment Coverage Vehicle Type, Service Type, Payment Method, Location Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aptiv PLC, Be Group JSC, BlaBlaCar, Bolt Technology OÜ, FREE NOW, Gett, Grab, InDriver, Lyft Inc., Ola Cabs, Ridecell Inc., TomTom N.V. and Uber Technologies Inc.
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The ride-hailing service market was valued at USD 191.3 Billion in 2024.

The ride-hailing service market is projected to exhibit a CAGR of 7.97% during 2025-2033.

The ride-hailing service market is driven by increased urbanization, rising smartphone usage, convenience, affordability, and environmental concerns. Additionally, technological advancements in GPS, mobile apps, and payment systems have enhanced user experience. Moreover, a shift toward shared mobility and reduced car ownership further accelerates demand for ride-hailing services.

Asia Pacific currently dominates the market driven by rapid urbanization, a growing middle class, and increasing smartphone penetration.

Some of the major players in the ride-hailing service market include Aptiv PLC, Be Group JSC, BlaBlaCar, Bolt Technology OÜ, FREE NOW, Gett, Grab, InDriver, Lyft Inc., Ola Cabs, Ridecell Inc., TomTom N.V. and Uber Technologies Inc.

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Ride-Hailing Service Market Report by Vehicle Type (Two-wheeler, Three-wheeler, Four-wheeler, and Others), Service Type (E-hailing, Car Sharing, Car Rental, and Others), Payment Method (Cash, Online), Location Type (Urban, Rural), End User (Personal, Commercial), and Region 2025-2033
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