Global Ride Sharing Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

• June 2022 - Uber has launched a new UberX Share service to share rides, which is remarkably similar to Uber's pre-pandemic carpooling feature, but with a monetary incentive. Riders who choose UberX Share will be paired with another co-rider traveling in the same direction. Uber will give riders a 20% reduction on the overall fee in exchange for the inconvenience and extra time spent on the road. Even if riders are not matched with a co-rider, they will receive an up-front discount on their ride.

• February 2022 - Avolon and AirAsia partnered to create a transformational ridesharing platform in Southeast Asia by 2025. Air Asia has signed an MOU to lease a minimum of 100 VX4 eVTOL aircraft from Avolon. These eVTOL aircraft will allow AirAsia to further revolutionize air travel by providing advanced air mobility to a new range of passengers. In addition to the eVTOL aircraft, Avolon, through its investment and innovation affiliate Avolon-e, will partner with AirAsia to commercialize zero-emissions eVTOL aircraft and develop an industry-leading urban air mobility ('UAM') platform in Southeast Asia.

In this report, the Ride Sharing Market has been segmented by Service Type, Car Sharing Type, Vehicle Type, Data Service and Geography.

Ride Sharing Market, Segmentation by Service Type

The Ride Sharing Market has been segmented by Service Type into E-hailing, Car sharing, Car rental and Station-based mobility.

E-hailing

The e-hailing segment dominates ride-sharing with approximately 58% market share, offering on-demand rides through apps like Uber and Lyft. This service thrives in urban areas where instant accessibility outweighs ownership costs. Recent data shows 72% of urban millennials prefer e-hailing over traditional taxis. The segment continues growing at 12-15% annually as smartphone penetration increases globally.

Car Sharing

Car sharing accounts for nearly 22% of the market, appealing to eco-conscious users seeking short-term vehicle access. Unlike e-hailing, users drive themselves, with models ranging from peer-to-peer (Turo) to corporate fleets (Zipcar). Surveys indicate 40% of participants choose car sharing to reduce environmental impact. The segment shows particular strength in European markets with 18% year-over-year growth.

Car Rental

Traditional car rental services maintain 15% market penetration, adapting to ride-sharing trends with app-based bookings and flexible plans. Business travelers constitute 60% of users, valuing longer-duration vehicle access. The segment has modernized with contactless pickups and hourly rental options, capturing 35% of airport transportation markets according to recent industry reports.

Station-Based Mobility

This emerging segment holds about 5% market share but shows 25% annual growth through bike/scooter systems like Lime. Station-based solutions address last-mile connectivity in smart cities, with 43% of users combining them with public transit. Municipal partnerships are driving adoption, with some cities reporting 300% increases in station usage since 2020.

Ride Sharing Market, Segmentation by Car Sharing Type

The Ride Sharing Market has been segmented by Car Sharing Type into P2P Car Sharing and Corporate Car Sharing

P2P Car Sharing

Peer-to-peer (P2P) car sharing represents over 60% of the car-sharing market, enabling private car owners to rent their vehicles through platforms like Turo and Getaround. This model appeals to cost-conscious users, with 40% of renters citing affordability as the primary reason for choosing P2P over traditional rentals. The segment is growing at ~20% annually, driven by the sharing economy and underutilized private vehicles. Urban areas see the highest adoption, with 1 in 3 millennials having used P2P services at least once.

Corporate Car Sharing

Operated by companies like Zipcar and Share Now, corporate car sharing holds a 40% market share, focusing on on-demand fleet vehicles for short-term use. Businesses and frequent travelers prefer this model for its reliability and fixed pricing, with 55% of corporate users utilizing it for daily commutes. The segment is expanding in smart cities, supported by municipal partnerships, and has seen 15% YoY growth due to flexible membership plans and EV integration.

Ride Sharing Market, Segmentation by Vehicle Type

The Ride Sharing Market has been segmented by Vehicle Type into ICE (internal combustion engine) Vehicle, CNG/LPG vehicle, Electric Vehicle, and Micro Mobility Vehicle

ICE (Internal Combustion Engine) Vehicle

Despite the rise of alternatives, ICE vehicles still dominate ride-sharing, powering 65-70% of fleets globally. Their widespread use stems from lower upfront costs and established fuel infrastructure, particularly in emerging markets. However, adoption is declining by 5-8% annually as environmental regulations tighten. Uber reports 50% of drivers still use gasoline/diesel cars, though hybrid transition incentives are gaining traction.

CNG/LPG Vehicle

Accounting for 12-15% of ride-sharing vehicles in eco-conscious markets, CNG/LPG models offer 20-30% lower emissions than gasoline. India and Brazil lead adoption, where 1 in 4 fleet operators prefer these fuels due to government subsidies. Growth remains niche at 3-5% annually, limited by refueling station availability. Major platforms like BlaBlaCar are testing CNG options for long-distance ride-sharing routes.

Electric Vehicle (EV)

The fastest-growing segment at 25-30% annual growth, EVs now represent 15-18% of new ride-sharing additions. Uber’s 2030 zero-emission pledge and EV charging partnerships are accelerating adoption. In Europe, 40% of corporate fleets now include EVs, aided by tax incentives. Range anxiety persists, but improving battery technology and fast-charging networks are mitigating concerns.

Micro Mobility Vehicle

Though small at 5-7% market share, e-scooters/bikes are revolutionizing last-mile connectivity, with 120% growth in station-based systems since 2021. Lime and Bird report 60% of users combine micro-mobility with ride-hailing. Dense urban areas see the highest utilization, where 35% of short trips (<3km) now use these options. Municipal safety regulations remain the key adoption barrier.

Ride Sharing Market, Segmentation by Data Service

The Ride Sharing Market has been segmented by Data Service into Information Service, Navigation, and Payment Service

Information Service

Information services form the backbone of ride-sharing platforms, utilized by 92% of users for real-time updates. These systems provide ETA predictions with 95% accuracy through AI-powered algorithms, significantly improving customer satisfaction. Recent data shows platforms offering multi-modal transport info see 30% higher engagement. The segment is growing at 18% annually as companies integrate weather alerts and traffic incident reports.

Navigation

Advanced navigation services now power 80% of ride-sharing trips, with dynamic rerouting reducing delays by 22% on average. The integration of 3D mapping and AR interfaces has decreased driver errors by 40% since 2022. This $3.2 billion sub-sector is witnessing 25% YoY growth, driven by demand for eco-routing options that lower emissions by 15-18% per trip.

Payment Service

As the most profitable segment, payment services generate 45% of platform revenues through transaction fees. The adoption of contactless payments has reached 78% in developed markets, while embedded finance products show 300% growth in emerging economies. Features like split fares and dynamic pricing contribute to 35% higher user retention, with the sector expanding at 32% annually.

Ride Sharing Market, Segmentation by Geography

In this report, the Ride Sharing Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Ride Sharing Market Share (%), by Geographical Region

North America

Dominating 38% of global ride-sharing revenue, North America leads in platform innovation and EV adoption. The region boasts 75% smartphone penetration for ride-hailing, with Uber and Lyft controlling 89% market share. Strict emission regulations are pushing 35% of fleets toward electric vehicles by 2025. Unique to this market: 60% of users combine ride-sharing with micro-mobility options.

Europe

With 28% market share, Europe excels in corporate car-sharing and station-based systems. The EU's carbon-neutral targets have accelerated EV adoption to 42% of new ride-sharing vehicles. Notable trends include Bolt's 200% growth in Eastern Europe and 75% of cities integrating ride-sharing with public transit apps. Regulatory frameworks here are 30% stricter than other regions.

Asia Pacific

Accounting for 45% of global rides (but only 32% of revenue), APAC shows hypergrowth with 18% annual expansion. Superapps like Grab and Gojek dominate, offering 12+ services per platform. Unique characteristics: 85% cashless payments and 3x more motorcycle rides than other regions. China and India collectively represent 68% of regional market activity.

Middle East and Africa

This emerging $3.2 billion market grows at 22% annually, led by Careem and inDrive. Key differentiators: 40% female ridership (highest globally) and 50% cash payments. UAE and Saudi Arabia drive 70% of premium segment demand, while Africa sees 150% more shared rides than solo trips. Infrastructure challenges limit EV adoption to just 8% of fleets.

Latin America

With 15% global growth rate (2nd fastest), LATAM's ride-sharing thrives on Didi and Beat. 90% of transactions are mobile payments, highest globally. Unique aspects: 60% of drivers use P2P platforms and 35% of rides start/end at public transit hubs. Safety features like real-time monitoring see 3x more usage here than elsewhere.

This report provides an in depth analysis of various factors that impact the dynamics of Global Ride Sharing Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers

• Urbanization and Congestion
• Technological Advancements
• Changing Consumer Preferences

• Regulatory Support: The embrace of ride-sharing by governments and transportation authorities reflects a recognition of its potential to address pressing urban transportation challenges. By integrating ride-sharing services into urban mobility plans, authorities aim to alleviate traffic congestion, reduce the need for individual car ownership, and enhance access to transportation options, particularly in densely populated areas. Moreover, ride-sharing aligns with broader sustainability goals, offering a viable alternative to traditional single-occupancy vehicle trips and contributing to the reduction of greenhouse gas emissions in urban environments.
  Regulatory support plays a crucial role in facilitating the growth of ride-sharing companies and ensuring the smooth operation of their services. Governments can provide favorable policies and licensing frameworks that enable ride-sharing platforms to operate legally and efficiently within regulatory frameworks. Clear guidelines on issues such as safety standards, insurance requirements, and driver qualifications help build trust among consumers and create a conducive environment for ride-sharing companies to thrive. Furthermore, infrastructure investments, such as designated pick-up and drop-off zones and dedicated lanes for ride-sharing vehicles, enhance the accessibility and efficiency of ride-sharing services, further incentivizing their adoption.
  By leveraging regulatory support and infrastructure investments, ride-sharing companies can capitalize on the opportunities presented by government initiatives to promote sustainable mobility. Collaborating with transportation authorities and policymakers, ride-sharing platforms can contribute to the development of integrated transportation systems that prioritize efficiency, accessibility, and environmental sustainability. Through such partnerships, ride-sharing companies can not only expand their market presence but also play a pivotal role in shaping the future of urban mobility towards more sustainable and inclusive transportation solutions.

Restraints

• Regulatory Challenges
• Safety Concerns
• Competition from Traditional Transportation

• Sustainability Challenges:While ride-sharing presents itself as a promising solution to reduce individual car ownership and emissions, its environmental impact hinges on several critical factors. Vehicle efficiency plays a crucial role in determining the carbon footprint of ride-sharing services. Utilizing fuel-efficient vehicles or transitioning to electric and alternative fuel vehicles can significantly mitigate emissions associated with transportation. Investing in greener technologies for the ride-sharing fleet is essential for reducing the environmental footprint and fostering sustainability in urban mobility.
  Another factor influencing the sustainability of ride-sharing services is ride occupancy rates. Maximizing the number of passengers per vehicle ride is essential for optimizing resource utilization and minimizing emissions per capita. Encouraging shared rides through incentives, such as discounted fares for shared trips, can help increase ride occupancy rates and promote more sustainable transportation practices. By prioritizing shared mobility solutions, ride-sharing platforms can contribute to reducing traffic congestion and environmental pollution in urban areas.
  Addressing sustainability challenges in ride-sharing also requires collaborative efforts among stakeholders, including ride-sharing companies, policymakers, and urban planners. Implementing supportive policies and regulations that incentivize the adoption of electric and low-emission vehicles, as well as promoting infrastructure development for charging stations and alternative fuel sources, can accelerate the transition to greener transportation solutions. Moreover, fostering public awareness and education campaigns about the environmental benefits of ride-sharing and promoting eco-friendly commuting habits can further enhance the sustainability of ride-sharing services. By integrating these strategies, the ride-sharing industry can play a pivotal role in advancing sustainable transportation and mitigating the environmental impact of urban mobility.

Opportunities

• Expansion into Emerging Markets
• Integration with Public Transit
• Diversification of Services

• Investment in Autonomous Vehicles: The emergence of autonomous vehicles (AVs) represents a transformative opportunity for the ride-sharing industry, promising to revolutionize the way people commute and travel. AV technology has the potential to significantly reduce operating costs for ride-sharing companies by eliminating the need for human drivers. Without the necessity of paying drivers, ride-sharing services can achieve higher profit margins and potentially offer lower fares to passengers, making them more competitive in the transportation market.
  Moreover, AVs have the capacity to enhance safety within ride-sharing services. By eliminating human error, which is a leading cause of accidents on the road, autonomous vehicles can potentially reduce the incidence of traffic collisions and improve overall road safety. This increased safety can enhance consumer trust and confidence in ride-sharing services, leading to greater adoption and utilization of autonomous ride-sharing vehicles.
  Additionally, AVs offer the promise of enhancing the overall efficiency of ride-sharing services. With autonomous vehicles, ride-sharing companies can optimize routes, minimize idle time, and increase vehicle utilization rates. This optimization can lead to reduced congestion, shorter wait times for passengers, and improved service reliability, ultimately enhancing the overall quality of the ride-sharing experience. By investing in research and development, forging strategic partnerships with technology companies and automakers, and conducting pilot programs for AV deployment, ride-sharing companies can position themselves at the forefront of innovation and capitalize on the long-term opportunities presented by autonomous vehicles.

Key players in Global Ride Sharing Market include:

• Uber
• Lyft
• DiDi
• Gett
• Grab
• Ola
• Blablacar
• Intel
• Tomtom
• Aptiv
• Denso

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis