The common feature of ride sharing services is the ability for a traveler to request a driver and vehicle through a smart phone app whereby the traveler’s location is provided to the driver through GPS. With the assistance of GPS technology, routing algorithms, digital maps, users are provided with real-time information about waiting times, therefore these features create the demand ride sharing services across the globe. The increasing adoption of smart phones embedded with GPS, linked with the availability of digital road maps through APIs, offered the essential supporting facilities such as navigation and tracking for ride sharing services. The factor in the global ride sharing market include the development of shared mobility services, such as Uber, Lyft, and Zipcar, are increasingly adopting in established transportation business patterns across the globe.

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However, after the COVID-19 pandemic, social distancing and staying home is further expected to affect the ride sharing industry. AS most of the peoples are advised to stay at home to prevent the spread of the COVID-19, therefore, impact the use of cabs and taxis across the globe further affected the ride sharing industry. Various ride sharing providers and drivers are facing a loss of income as a result of reducing demand for ride shares during the COVID-19 quarantine period.

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The global ride sharing industry report is segmented based on vehicle type including sedan & hatchback, utility vehicle, and buses & coaches. The outbreak of COVID-19 had an impact on these segments due to the social distancing and lockdown of workplaces and offices across the globe. Moreover, the ride sharing for sedan & hatchback cars has mostly affected the industry as these are mostly used for car sharing and car-hailing services. Ride-sharing companies have come up with different models of service offerings to cater to the requirements of various user groups, targeting high-end, mid-market and budget users separately. For instance, Uber, one of the largest ride-sharing platforms globally, offers premium services through its service offerings such as Uber Black, Black SUVs, and Uber Select.

Global Ride Sharing Market Impact of COVID-19 on major economies

• North America
• United States
• Canada
• Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
• Rest of the World

Company Profiles

• ANI Technologies Pvt. Ltd. (OLA)
• DiDi Chuxing Technology Co., Ltd.
• Lyft, Inc.
• Comuto SA (BlaBlaCar)
• BYKEA Technologies Pvt. Ltd.
• Carma Technology Corp.
• Gett Group
• Grab Holdings Inc.
• Maxi Mobility Holding Co.
• RideCharge, Inc.
• Uber Technologies Inc.
• Wingz, Inc.
• ZoomCar India Pvt Ltd.

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