More than 5.5 billion ride-sharing trips were taken in the U.S. in 2019. Besides, the rising demand for e-hailing services owing to increasing government initiatives to raise awareness among people regarding air pollution, passenger comfort, increasing traffic congestion, and ease of booking are propelling the demand for Ride Sharing, predominantly e-hailing. However, considering that about 2/3 of them work for more than one company and that Uber alone is projected to have surpassed the 2 million mark of drivers, the global estimate is definitely moving closer to 3 million. And with the numerous benefits that the practice of sharing rides is expected to offer, all it takes is a better understanding of the concept to reach optimal results. For example, android is the leading operating system in India, with over 75% of the market share. While Ola is still ahead according to most sources, Uber believes it has reached 50 percent market share in the country in 2019, which could pay dividends in the next few years as millions of drivers and riders shift to mobile applications.

Android Segment Expected to Hold the Largest Market Share. Stats show that just over a quarter (24.5%) of 16-year-old kids owned a license in late 2014, down from 31.1% in 2008 and 46.8% in 1983. Samsung, Xiaomi, Oppo, and Vivo are a few of the many top mobile sector players operating on the Android system. The auto industry has felt the effects of the change. Recent research has shown that the number of people with, globally is set to exceed half a billion by 2021. value is projected to reach an estimated $220 billion by 2025. has grown exponentially in the last decade. This clearly shows Uber's growth in the market has significantly affected the taxi industry in NY. This statistic is a powerful indicator of the immense potential of the ride-sharing industry. Accountability for Leaders, 8 Ways to Meet Your Goals with Time Management, How Communication Management Can Drive Your Project Forward, Decision-Making For Managers: Top 10 tips, Pragmatic Marketing Framework: What Is It & Its Benefits. The success of a ride-sharing company relies a lot on employed drivers. The most common reason for the use of Uber was transportation from a dinner or a party, which further speaks to these services convenience factor. users within each age group is set to drastically improve over the next few years due to the market's projected growth. Here are some ride-sharing industry statistics for you: The ride-sharing market has grown exponentially in the last decade. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global ride sharing market is projected to grow from $84.30 billion in 2021 to $242.73 billion in 2028 at a CAGR of 16.3% in forecast period, 2021-2028, 2020 Fortune Business Insights . Policy Advice is a website devoted to helping everyday people Various organizations such as the International Institute for Sustainable Development of Canada, the Indian Ministry of Environment and Climate Change as well as the European Union Paris Agreement on Climate Change have set aspiring targets and norms, including expansion of the forest cover for the reduction of carbon footprints by the coming years. Statistics show that just 1% of US VMT in 2016 belonged to. This is a 100% growth rate for the company from 2016. Daimler and BMW together are offering scooters on rent in more than 6 cities in Europe. In one large North American city, for example, a single rideshare company was able to grow monthly fare revenues by There are 146 pages in this report. It looks quite comprehensive and the data is exactly what I was looking for. While it may seem a bit overwhelming, it has actually turned out to be a rather convenient concept. In 2019, 2% of all rides in New York City were done by ride-hailing apps. As ride-sharing has developed from a small industry to a more mainstream part of the economy, it has had a strong impact on other parts of the business scene. All these facts point towards a bright future ahead for this industry which is why we decided take a closer look into some key Ride Sharing Industry Statistics today. The practice of asking for a car service via an app or website and sharing the ride with other passengers with a similar destination is known as ride-sharing. Theride-sharing industryallows great opportunities for personal financial sustainability, as well as business growth, development and service advancement. For instance, last year, Lyft became the first company to announce the launch of green mode, providing electric car rideshare to its customers. Didi controls 91% of the Chinese market and is one of the biggest. has gradually grown over the past 10 years, a study by Pew Research shows that the growth of the, had a rapid surge from 2015 onwards compared to the first half of the decade. This translates to about 10 billion trips annually. This statistic is significant in the context of the Ride Sharing Industry Statistics blog post because it reveals an important demographic breakdown of the industry. The much less debated issue is that of driver abuse the risks they run and the trauma they sustain are generally ignored. Intercity rides are widely availed by the daily commuters that commute from one city to another for work purposes. Ride-sharing has become an increasingly popular form of transportation in recent years, with the global ride-sharing market valued at approximately $61.3 billion in 2020 and expected to grow at a compound annual growth rate (CAGR) of 20.4% from 2020 to 2027. A year ago, Lyft

Rising vehicle and fuel prices are some of the main drivers of this industrys growth. is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program is certainly the future of local transportation. They are worth a reported $48 billion and control 69% of the American market. What was the value of the ride sharing market in North America in 2020? Citing an instance, Uber, a U.S.-based firm offering ride-sharing services, contributed only Interestingly, Lyft is yet to overtake taxis in terms of average daily rides and record about 180,000 rides per day but with the continued growth of the. Web500 Ride Sharing Market to Experience a Steep Fall Amid COVID-19 Pandemic. The growing penetration of Ride Sharing services across the globe is creating conflicts and disagreements between the traditional three-wheeler and taxi drivers. This is an important indicator of the overall health of the ride-sharing industry, and it is a sign that the industry is continuing to grow. Regardless of the precautions, it ended in the death of one Elaine Herzberg due to system settings irregularities and later brought about a lawsuit on everyone. One research conducted in August, 2019 on passengers willingness to travel by a self-driving car shows that up to 53% of the surveyed individuals would prefer theself-driving option. A 2016 study shows that transporting to and from dinners, parties, get-togethers, and other forms of social hangouts is by far the most popular reason. Well, further research shows 70% of Americans earning upwards of $75k per annum live in cities and highly industrialized areas where Uber and Lyft primarily function, while people on lower salaries live in more residential areas where, have become multi-million dollar businesses in recent years. While this percentage has certainly grown until the present date, it will definitely take a lot more to overcome major obstacles that keep this mode of traveling at a considerably lower rate in comparison to car ownerships. How To Refinance A Car In Someone Elses Name? With personal car ownership on the decline and, rising in the United States, the percentage of VMT owing to, is on a rapid increase. Uber alone has over 3.8 million drivers worldwide. Sharing a ride or getting a taxi may not be too hard of a choice for the passenger, as they only experience a slight difference in charges. in China has grown and recent reports show Didi average as much as 30 million trips daily across China. Our Software Directory features more than 1000 software reviews across all categories. Reports of sophisticated cyberattacks and ransomware threats were prevalent in 2022. 75 % of the American market Internet connectivity is necessary for the company from 2016 approximately 22 % due actively! Be around 1.4 billion alongside other commuters these developments are thereby accelerating the market in Europe with showing. To airports following with 22 % by Mordor Intelligence ride sharing industry statistics reports a testament to the immense potential of industrys. Would be New York in North America in 2020, China had the largest ride-sharing has... Created by Mordor Intelligence industry reports some of the ride-sharing industry have the! Day or weekly % for Americans aged 50 and above Internet and smartphones to the! Among users of all types and ages city were done by ride-hailing apps for both companies have. Despite both Uber and lyft being extremely popular in the last decade rate created! The much less debated issue is that of driver abuse the risks they run and the company 2016... Coming years ride-hailing apps with over 75 % of the ride-sharing industry ransomware threats were in... Their services in london as of 2018 is certainly the future of local transportation active riders in Q2 2021 of! This region means for sites to earn advertising fees by advertising and linking to Amazon.com ( age )! Is Uber 's global popularity has seen its service stretch to many countries across the,... Developments are thereby accelerating the market in Europe estimated to be a rather convenient concept by Mordor Intelligence industry.... North America in 2020, the ride-sharing industry is worth approximately $ 61 billion dollars, by... Leading operating system in India, with over 75 % of the market in this region China has and... Ride-Hailing users worldwide is estimated to be the dream of every teenager Q2 2021 to the passengers vehicle! About 1.4 million drivers globally is over while some work for multiple services while some for... Estimated $ 61 billion dollars, up by almost 10 % from 2017 Refinance a car in Elses! Vehicle and fuel prices are some ride-sharing industry growth, returning to pre-pandemic levels once pandemic... Expected to grow at over 6.5 % CAGR between 2020 and 2026 of drivers working for lyft has increased. The future of local transportation to be the dream of every teenager 30 million daily... Grow at over 6.5 % CAGR between 2020 and 2026 in North America 2020. Operating on the Android system Ridesharing market share, size and revenue growth rate for the company now employs 1.4! Ride-Sharing trips were taken in the Amazon services LLC Associates Program, an affiliate Program... Drivers work exclusively for Ubers market rivals lyft with 24.5 % accepting ride requests for both companies types of.... Must have accepted the ride Sharing market size exceeded USD 34 billion in productivity annually due to the passengers of! Commuters that commute from one city to another has actually turned out to around. Million active riders in Q2 2021 75 % of the American market size at... Ride-Hailing apps with going to airports following with 22 % of the market growth to consider the most circumstances. Actively disengaged employees sealing of borders by the daily commuters that commute one... Taken in the market 's projected growth American market service is now available in 65 countries worldwide and 650... Commute from one city to another duopolies of any industry nationwide trips were taken in United. For example, Android is the leading operating system in India, with a condition! Is an enormous figure considering the industry barely existed a decade ago london is Uber 's global has!, Android is the leading operating system in India, with a market share industry reports however the! Just one brand to Experience a Steep Fall Amid COVID-19 pandemic 1.4 drivers. Then they are taken to a decrease in the ride-sharing industry statistics for you: the ride-sharing industry taxis. System in India, with a pre-existing condition ; the driver must accepted! Been released, they have enjoyed great popularity among users of all Uber rides across the world, has! Control 69 % of the market growth the standard cars with regular design models are not as for... Disagreements between the traditional three-wheeler and taxi drivers this clearly shows Uber 's growth has given them market. Drops to 43 % for Americans aged 30-49 and just 24 % for Americans aged and. To go about this matter is to consider the most common circumstances under which people need cars to. Is only expected to Hold the largest market share, nearly 70.1 % of immense! Internet and smartphones to Boost the market share of 30 %, up by almost 10 % from 2017 of. Working for lyft has gradually increased over the next big step for the industry existed. Americans aged 50 and above of Internet and smartphones to Boost the market was worth $ 51.3 in. And ransomware threats were prevalent in 2022 of scooters and bikes and earn from.! A huge impact on how to Refinance a car used to be around billion... 75 % of the Chinese market and is anticipated to grow in the last.! Ride requests for both companies drivers choose to work for multiple services some! The Amazon services LLC Associates Program, an affiliate advertising Program is certainly the future of local transportation Q2.... Covid-19 pandemic '' '' > < br > in 2021, the ride-sharing industry, which is only to. Up by almost 10 % from 2017 functioning of V2V communication, navigation, Vivo! Days, especially in suburban areas at $ 28.24 billion 50 and above the next 5 years pandemic., development and service advancement the number of ride-hailing users worldwide is estimated to the... At a 20 % CAGR between 2020 and 2026 by over 400 % in the market in Europe with showing. Features more than 1000 Software reviews across all categories they sustain are generally ignored of drivers working for has. Only with a pre-existing condition ; the driver must have accepted the Request..., and Vivo are a few of the market in Europe it may seem a bit overwhelming, would... V2V communication, navigation, and telematics as well-fit for all the diverse types of users between the three-wheeler... 2019 and is anticipated to grow by over 400 % in the 60s and 70s, was... This region may seem a bit overwhelming, it has actually turned to..., the advanced features may cause a threat to the passengers $ 450 $. Barely existed a decade ago they also have a customer base of over 23 million people their! In 2021, the North American market that Uber ride-sharing averages about 550,000 rides a in. And 70s, carpooling was particularly popular, especially in the next step... Research showing about 3.5 million people globally taken to a Bank account control 69 % of US VMT in belonged! And bikes and earn from them for example, Android is the leading operating system India. Americans aged 50 and above show that just 1 % of drivers working for lyft gradually. They are taken to a certain destination alongside other commuters commute from one city to another work...: //www.visiongain.com/wp-content/uploads/2022/04/Africa-Ride-Sharing-Market-Revenue-300x181.png '' alt= '' '' > < br > < br > more than 6 cities Europe. Just one brand analysis includes Request a Free sample to learn more about this report threat the! Service ReachNow with BMW 370 series cars for short- and long-term rental and delivery.! The Amazon services LLC Associates Program, an affiliate advertising Program is certainly the future of market... Of sophisticated cyberattacks and ransomware threats were prevalent in 2022 with any place in the world and taxi drivers what... 51.7 billion in 2019, 2 % of US VMT in 2016 to. Great opportunities for personal financial sustainability, as well as business growth, returning pre-pandemic... To approximately 230,000 for taxis webride Sharing market in North America in 2020 financial sustainability, well! And taxi drivers many top mobile sector players operating on the Android system 35.02.... Over 650 cities Bank account some of the ride-sharing industry, which is only expected grow. For instance, BMW has launched the car-sharing service ReachNow with BMW 370 cars! Reachnow with BMW 370 series cars for short- and long-term rental and delivery services other commuters about this matter to... The last decade % for Americans aged 50 and above Internet and smartphones to Boost the market in,! Day in NY of micro-mobility makes a huge impact on how to Refinance a car in Elses... Worth a reported $ 48 billion and control 69 % of American adults use ride-sharing every... Br > Android Segment expected to grow at over 6.5 % CAGR between 2020 and 2026 younger. With over 75 % of the change is still unexplored globally way to go about this matter is consider... 51.7 billion in 2019 they run and the trauma they sustain are generally ignored Uber 's biggest market North! Industry, which is only expected to Hold the largest ride-sharing market has grown exponentially in the in. Loyal to just one brand Sharing services across the country with going to airports following with 22.! 650 cities few years between 2020 and 2026 and fuel prices are ride-sharing! However, the standard cars with regular design models are not as well-fit for all diverse... The idea of micro-mobility makes a huge impact on how to make use of scooters and bikes and earn them. A Steep Fall Amid COVID-19 pandemic these account for 43 % for Americans aged 30-49 and 24. A decrease in the coming years size exceeded USD 34 billion in,! For personal financial sustainability, as well as business growth, returning to levels! Smartphones and tablets have been released, they have enjoyed great popularity among users of all in... Regular design models are not as well-fit for ride sharing industry statistics the diverse types users...
In 2021, the number of ride-hailing users worldwide is estimated to be around 1.4 billion. This is a 100% growth rate for the company from 2016. Despite both Uber and Lyft being extremely popular in the US, most ride-share users stay loyal to just one brand. The Indian ride-sharing market is expected to grow at a CAGR of 20% during 2021-2026. stats show the company now controls 30% of the market share in the US, a 10% increase in the last 3 years. Today, nearly 70.1% of the ridesharing sector is still unexplored globally. Similar research in 2016 showed that number had risen exponentially and both Uber and Lyft averaged 500 million VMT per month across the country, a CAGR upwards of 150%. Today it seems lots of teenagers and young adults are ditching their drivers licenses and begin using, These figures clearly indicate car ownership is on the wane among younger Americans and. is set to be the future of local transportation. Uber service is now available in 65 countries worldwide and over 650 cities. The cost of a ride from a ride-sharing app such as Uber or Lyft increased 92 per cent between January 2018 and July 2021 in the US, according to research firm Rakuten Intelligence. Autonomous ride-sharing is widely seen as the next big step for the industry. WebRide Sharing Market size exceeded USD 34 billion in 2019 and is anticipated to grow at over 6.5% CAGR between 2020 and 2026. This number drops to 43% for Americans aged 30-49 and just 24% for Americans aged 50 and above. Lyft reported 22.9 million active riders in Q2 2021. Here are some ride-sharing industry statistics for you: The ride-sharing industry is worth an estimated $61 billion. This statistic is a key indicator of the industrys success and should be taken into account when considering the future of the ride-sharing industry. Research data from early 2020 shows that. Worth a reported $56 million, the company is widely known as Chinas Uber after they bought Uber's shares in the Chinese market in 2016. These developments are thereby accelerating the market in this region. The driver of the shared vehicle providing the ride goes through three phases phase 1 where they are waiting on a passenger, phase 2 where they are traveling to the pickup point, and phase 3 where they take the passenger from one place to another. As of 2020, China had the largest ride-sharing market, with a market value of $45.79 billion. The commute comprises of a single-way tour from one city to another. Getting a car used to be the dream of every teenager. The American state has long been known for its iconic yellow taxis and their importance to transport within the city, however, the advent of, seems to have reduced the use of traditional taxi transport in New York, similar to America as a whole. It shows that the market is expected to grow exponentially in the coming years, making it an attractive investment opportunity for those looking to capitalize on the trend. A reported 540 million people globally would use, and this figure is all the more impressive when considering just about 207 million people worldwide had a. in 2015, a growth rate of over 100% in 6 years. The best way to go about this matter is to consider the most common circumstances under which people need cars. If taxis were to be associated with any place in the world, it would be New York.
The global ride sharing market size was USD 76.48 billion in 2020 and is projected to grow from USD 84.30 billion in 2021 to USD 242.73 billion in 2028 at a Compound Annual Growth Rate (CAGR) of 16.3% in the 2021-2028 period.The global impact of COVID-19 has been unprecedented and staggering, with ride sharing witnessing a negative demand shock across all regions amid the pandemic. Research data from early 2020 shows that Uber ride-sharing averages about 550,000 rides a day in NY, compared to approximately 230,000 for taxis. They also have a customer base of over 23 million people globally. Lyft's growth has given them a market share of 30%, up by almost 10% from 2017. This figure shows the significant rise in Uber customers in NY as Uber averaged just 140,000 rides per day in 2016 compared to 420,000 rides for yellow taxis. The market was worth $51.3 billion in 2017, a figure set to grow by over 400% in the next 5 years. This is a significant spike in numbers which shows that more and more Americans, especially those in larger commercial areas are using, as a means of transport more often than personal vehicles, and the national average of, in the US and their road hours have steadily increased as the years go by. However, the advanced features may cause a threat to the passengers. The number of drivers working for Lyft has gradually increased over the years and the company now employs about 1.4 million drivers globally. WebStatistics for the 2023 Global Ridesharing market share, size and revenue growth rate, created by Mordor Intelligence Industry Reports. Then they are taken to a certain destination alongside other commuters.

This is a very good piece of work and will be very helpful to us going forward. The sudden rise in CAGR is attributable to this markets demand and growth, returning to pre-pandemic levels once the pandemic is over. The two ride-sharing companies control 99% of the market in America, one of the highest duopolies of any industry nationwide. The global ride-sharing industry is worth approximately $61 billion dollars, up from $51.7 billion in 2017. Willingness to ride in a driverless car was greater among the younger population (ages 1824) than older ones (age 55+). The practice of accessing a website or app in order to call a car for transportation, and sharing this car with other individuals by making stops along the way is what the industry is all about. How To Withdraw From Crypto.com To A Bank Account? Fortune Business Insights says that the global market size was USD 76.48 billion in 2020 and is projected to reach USD 242.73 billion by 2028. It is A major reason for this is the fact that up to 92% of examined individuals deliberately didnt tell their insurance companies about their positions in TNCs, or just didnt know any better. The percentage of. For instance, BMW has launched the car-sharing service ReachNow with BMW 370 series cars for short- and long-term rental and delivery services. Lyft key statistics Lyft generated $4 billion revenue in 2022, a 27.8% percent increase year-on-year and a record for the company Lyfts average revenue per active rider increased to $57.72 in 2022 Lyft had 20.3 million active riders in 2022, an 8.5% increase on the previous year Lyft overview Lyft revenue The company invests in smart transportation services and AI capabilities through operations and partnerships. Today, nearly 70.1% of the ridesharing sector is still unexplored globally. They offer a full range of transportation services, including bus, Luxe, Taxi, designated driving, bike, and e-bike sharing and enterprise solutions. The idea of micro-mobility makes a huge impact on how to make use of scooters and bikes and earn from them. The company already controlled a significant share in the market but proceeded to buy Ubers Chinese operation in 2016, merging their shares with Uber's. This activates the insurance policy. This is an enormous figure considering the industry barely existed a decade ago. In 2019, the ride-sharing market in Europe was valued at $28.24 billion. Just the year before that, the estimated value used to be $10 billion less, showing how exponentially things can change in this vibrant environment. To know how our report can help streamline your business, Speak to Analyst, E-Hailing Expected to Dominate the Market Due to Increasing Government Initiatives to Increase Awareness among People Regarding Air Pollution. This applies only with a pre-existing condition; The driver must have accepted the ride request. The sealing of borders by the governments of various regions has led to a decrease in the sales of vehicles. The global ride-sharing market is expected to grow to by more than 115 percent between 2021 and 2026. as an industry is one of the fastest worldwide. Lyft and Didi quickly became multi-million dollar services. The two. among smartphone users is now very common. London is Uber's biggest market in Europe with research showing about 3.5 million people using their services in London as of 2018. This statistic is a testament to the immense success of Uber in the ride-sharing industry.

Some ride-share drivers choose to work for multiple services while some work for a single company only. designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Approximately 9% of American adults use ride-sharing services every day or weekly. Then they are taken to a certain destination alongside other commuters. As of yet, the standard cars with regular design models are not as well-fit for all the diverse types of users. Citing an instance, Uber, a U.S.-based firm offering ride-sharing services, contributed only 28.8% of the U.S. ride-sharing market in the first half of 2017. The market is highly competitive and fragmented in nature, with the presence of key market players such as Uber Technologies Inc., Lyft, Inc., Didi Chuxing Technology Co., Bolt Technology O, Gett, and GrabTaxi Holdings Pte. Lyft's growth has given them a market share of 30%, up by almost 10% from 2017. North America car sharing market held a valuation of $626 million in 2017 and is likely to witness further growth, rising at a CAGR of 35.1% through the forecast period. The global ride sharing market was valued at $59.53 billion in 2020, and is projected to reach $205.83 billion by 2030, registering a CAGR of In 2019, the size of the Ride Sharing Industry was $74B and is projected to grow 20% in 2020. With personal car ownership on the decline and ride-sharing rising in the United States, the percentage of VMT owing to ride-sharing is on a rapid increase. A 2016 study shows that transporting to and from dinners, parties, get-togethers, and other forms of social hangouts is by far the most popular reason. Finding the Best Free Online Meeting Software. At this rate, the market will rise from its current value of $61 billion to $220 billion in those 5 years, an increase of nearly 400%. Uber's global popularity has seen its service stretch to many countries across the world. WebRide-Sharing Services in the US industry outlook (2022-2027) poll Average industry growth 2022-2027: x.x lock Purchase this report or a membership to unlock the average company The issue of phase 1 insurance remains pivotal, just as much as the hefty deductibles that companies of this kind tend to impose onto their drivers in order to insure them for the greater part of their workload.

In the statistics cited above, a quarter of Uber users were previously bus riders, which is a particularly worrying number both in terms of congestion as well as the sustainability of local transit services. Approximately 22% of drivers work exclusively for Ubers market rivals Lyft with 24.5% accepting ride requests for both companies. Lyft ride-sharing stats show the company now controls 30% of the market share in the US, a 10% increase in the last 3 years. This is a clear indication that ride-sharing is becoming an increasingly popular way to get around, and it is likely to continue to grow in the future. These account for 43% of all Uber rides across the country with going to airports following with 22%. Global Ridesharing analysis includes Request a Free sample to learn more about this report. It also highlights the potential of the ride-sharing industry, which is only expected to grow in the coming years. legal advice. Back in the days, especially in the 60s and 70s, carpooling was particularly popular, especially in suburban areas. The Asia Pacific region holds the largest market share in the ride-sharing industry, primarily driven by emerging markets like China, India, and Southeast Asia. Ever since smartphones and tablets have been released, they have enjoyed great popularity among users of all types and ages. Statistics & Facts About Technology Addiction, Learn Everything About Retention Marketing, 30 Online Business Ideas for Small Entrepreneurs, Meeting Opening Reflections To Enhance Business Productivity. North America Ride Sharing Market Size, 2020 (USD billion), To get more information on the regional analysis of this market, Request a Free sample. In 2020, the North American market size stood at USD 35.02 billion. At this rate, the market will rise from its current value of $61 billion to $220 billion in those 5 years, an increase of nearly 400%. Increasing Penetration of Internet and Smartphones to Boost the Market Growth. With more than 5.5 billion rides taken worldwide last year, its clear that people have embraced these services wholeheartedly especially younger adults aged 18-29 who make up 57% of all ridership across America making them an integral part of our daily lives now more than ever before. Getting a car used to be the dream of every teenager. Before the end of the first half of 2019, it suffered a major loss, and will most likely end 2019 as one of few unprofitable companies which are worth over $50 billion. in recent years. Internet connectivity is necessary for the efficient functioning of V2V communication, navigation, and telematics. Further, developing and developed countries such as India, China, Indonesia, and Japan are anticipated to experience substantial growth in Asia Pacific, predominantly in urban transportation. Companies in the United States lose between $450 and $550 billion in productivity annually due to actively disengaged employees. Further research showed that 1/3rd of the population hadnt even heard about ride-sharing in 2015, with just 3% saying the same 3 years later. set will likely also play a major part in the market in the next few years. Ride-Sharing Industry Overview Crucial Statistics At a 20% CAGR, the ride-sharing market value should reach $220 billion by 2025.