Intense competition, rising costs and growing operating losses by the companies in the business are some of the factors impacting the market growth. One of the key challenges faced by ride-sharing companies since their entry has been attaining permission from city and state regulators to operate.
- Advertising -
Furthermore, a new challenge that could cripple their flourishing business is providing on-demand services.
In near future, North American ride sharing market is expected to include superior interoperability among services, technology integration, and policy support.
- Advertising -
Asia currently has more than half of the global population, and is lucrative market for players operating in the market owing to the increasing rate of smartphone adoption. Key players such as Uber have poured resources into Asia with diverse results.
Besides, regional competitors from each market have capitalized their local know-how to stay forward in the race for home domination. In promising markets such as India and Southeast Asia there is an enormous increase in the number of users using at least one ride-sharing app.
For more information www.reportsweb.com/ride-sharing-global-market-outlook-2016-2022
Some of the key players in the market are Uber, Lyft, Didi, Ola, GrabTaxi, Yidao yongche, Sidecar, BlaBlaCar, Shenzhou Zhuanche and Hailo.
Service providers Covered:
-Classified advertising services
Type of ride sharing Covered:
-GPS navigation devices
-Ride hailing service
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-Rest of Europe
-Rest of Asia Pacific
-Rest of the World
12 Company Profiling
12.6 Yidao yongche
12.9 Shenzhou Zhuanche
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