Ride Sharing Market is estimated to be US$ 364.57 billion by 2030 with a CAGR of 16.20% during the f

Abhi795430 May, 2022Business

Global Ride Sharing Market accounted for US$ 82.32 billion in 2020 and is estimated to be US$ 364.57 billion by 2030 and is anticipated to register a CAGR of 16.20%. Prior to the pandemic, ride-sharing services were the most popular because they provided a convenient and cost-effective way of personal mobility through the use of a transportation network infrastructure. Another benefit was that they helped to lower travel costs and eliminated the need for people to possess a car. Another advantage was the potential reduction in traffic congestion, which might have been accomplished without COVID-19 by 2022?2023. Mobility service providers (MSPs) developed several kinds of ride sharing services, such as e-hailing, private vs. corporate car sharing, carpool, car rental, and so on, as time and demand dictated. Users could select from a wide range of alternatives based on their requirements, journey distance, and personal comfort.

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