According to the research report titled ‘Global Ridesharing Market (2021 Edition) - Analysis By Business Model (P2P, B2B, B2C), Vehicle Type (ICE, CNG, EV), By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with Market Study Report LLC, global ridesharing market was evaluated at USD 26.72 billion in 2020 and is anticipated to record substantial expansion between 2021-2026.
 

Increasing urbanization, surging demand among youngsters, and rapid economic growth are the key growth stimulants for global ridesharing market. Growing demand and focus towards providing a better consumer experience will also aid towards revenue inflow for this business space in the ensuing years.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4026315/
 

Based on business model, worldwide ridesharing industry is divided into business to business (B2B), peer to peer (P2P), and business to customer(B2C). Among these, business to business (B2B) segment held majority of the industry share in the recent past owing to rising demand for ridesharing from organizations. The peer to peer (P2P) segment is also slated to witness significant expansion between 2021-2026, primarily due to growing trend of hiring private vehicles to improve revenue generation opportunities.
 

Speaking of vehicle type, the market sphere is split into CNG/LPG vehicles, ICE vehicles, and electric vehicles. Among these, ICE vehicles segment captured the largest market share in the recent past and is projected to showcase steady growth between 2021-2026, owing to surging demand for renewable and green sources of energy. Meanwhile, the electric vehicle segment is expected to record a robust CAGR through 2026, owing to growing demand of sustainable and eco-friendly transportation alternatives.
 

From regional frame of reference, Asia Pacific captured majority of worldwide ridesharing industry share in 2020 and is anticipated to witness substantial growth between 2021-2026, primarily due to increasing internet penetration, growing urbanization, and rising smartphone use. Soaring petrol prices and growing pollution levels in Asian economies will also aid revenue towards inflow as well.
 

Key players influencing global ridesharing market dynamics are Lyft Inc., Uber Technologies Inc., Ola Cabs (ANI Technologies Pvt. Ltd.), Gett Inc., Cabify, Grab Holdings Inc., GoJek, DiDi Chuxing Technology Co., Curb Mobility LLC, Bolt, and Via Transportation Inc.