Ridesharing Industry Statistics By Market Size, Revenue, Website Traffic, Rates of Experienced Violence And Country

Introduction

Ridesharing Industry Statistics: The ridesharing industry has changed the traveling patterns of global people and offered a convenient and affordable way to get around. With just a smartphone app, users can book rides quickly, making it popular in cities worldwide. Ridesharing companies such as Uber, Lyft, and DiDi have led this shift, giving people alternatives to traditional taxis and public transport. Ridesharing services also create job opportunities for drivers who can earn money using their vehicles. However, the industry faces challenges like regulatory issues, safety concerns, and competition.

This article will guide you in understanding the overall market of ridesharing and how it continues to grow as more people choose it for its flexibility and ease. The industry’s future may include electric vehicles and self-driving cars, making them even more efficient and environmentally friendly.

Editor’s Choice

• The global market size of ridesharing industries is estimated to reach USD 165.6 billion by 2024, up from USD 154 billion in 2023.
• By 2024, the estimated revenue in the United States will be around Ride-hailing (USD 49.78 billion) and Taxis (USD 23.14 billion).
• Ride-sharing industry Statistics by year-end show that there are about 1.4 billion active ridesharing users worldwide, 12% more than the number in 2023.
• Meanwhile, about 60% of people in U.S. cities use ridesharing services at least once weekly.
• Electric vehicles now account for 15% of ridesharing cars worldwide, a 5% increase compared to last year, 2023.
• Together, Uber and Lyft make up 65% of the ridesharing market in the United States.
• As of 2024, the cost of each ride went up by 8% because fuel prices and general living costs have increased.
• Ridesharing Industry Statistics further report that most ridesharing users (90%) find app-based hailing more convenient than calling or waving for a taxi.
• Moreover, 50% of all ridesharing trips in 2024 will likely be shared or pooled rides.
• New rules to protect drivers’ rights were introduced by 20 countries, impacting the industry globally.

General Ridesharing Industry Statistics

• In the United States, Uber has the highest market share, with 76%, while Lyft has 24%.
• The average monthly spending per customer in the U.S. is USD 107 for Uber and USD 95 for Lyft.
• In India, the ridesharing market is expected to reach USD 4.8 billion by 2025.
• The number of ridesharing vehicles worldwide is anticipated to reach 36.87 million by 2028.

(Reference: precedenceresearch.com)

• The global ridesharing market is valued at USD 106.70 billion in 2024 and may grow up to USD 126.46 billion by the end of 2029.
• The market is expected to grow at an annual rate of 18.52% from 2024 to 2034.
• The global ridesharing market size (in USD billion) in coming years is estimated at 2025 (149.88), 2026 (177.64), 2027 (210.54), 2028 (249.53), 2029 (295.74), 2030 (350.51), 2031 (415.43), 2032 (492.37), 2033 (583.55), and 2034 (691.63).

(Reference: precedenceresearch.com)

• In the United States, the ridesharing market will be worth USD 36.32 billion in 2024 and may grow to USD 00.20 billion by 2034, with an 18.61% yearly growth rate.
• Ridesharing Industry Statistics also show that other revenues in the next few years are estimated at 2025 (USD 43.08 billion), 2026 (USD 51.10 billion), 2027 (USD 60.61 billion), 2028 (USD 71.89 billion), 2029 (USD 85.27 billion), 2030 (USD 101.15 billion), 2031 (USD 119.97 billion), 2032 (USD 142.30 billion), and 2033 (USD 168.78 billion).

Ride-Sharing Market Size Statistics

(Reference: statista.com)

• Ridesharing Industry Statistics show that the global market size is estimated to reach USD 165.6 billion by 2024, up from USD 154 billion in 2023.
• Meanwhile, the overall market is expected to grow by more than 40% between 2023 and 2028.
• Furthermore, the market size of the industry in coming years is expected to be 2025 (USD 178.2 billion), 2026 (USD 190.1 billion), 2027 (USD 202.4 billion), and 2028 (USD 215.7 billion).

Ride-hailing and Taxi Revenue Statistics

(Reference: statista.com)

• As mentioned in Ridesharing Industry Statistics, in the United States of America, revenue from ride-hailing and taxis in 2023 was around USD 47.95 billion and USD 23.83 billion, respectively.
• By 2024, the estimated revenue will be around Ride-hailing (USD 49.78 billion) and Taxi (USD 23.14 billion).

Furthermore, the table below depicts the ride-hailing and taxi revenue in the U.S. in the coming new years:

Ride-Sharing Market Statistics By Key Players

Uber Technologies Inc.

• In Q3 2024, Uber’s revenue reached USD 11.19 billion, exceeding predictions.
• Uber holds a strong spot in ridesharing, especially in the U.S., covering 76% of spending by March 2024.

Lyft Inc.

• In the second quarter of 2024, Lyft earned USD 1.44 billion in revenue, up 41% from last year.
• By March 2024, Lyft had 24% of U.S. ridesharing spending.

DiDi Chuxing

• DiDi Chuxing is the top ridesharing service in China, operating in over 400 cities and completing more than 10 billion rides in 2020,

Grab Holdings Inc.

• Grab earned about USD 1.05 billion in the first half of 2024, mainly from ride-hailing and delivery.
• It leads Southeast Asia’s market with a 73% share and operates in several countries.

Ola Cabs

• Ola earned an estimated $500 million in revenue for the year ending March 2024.
• It's a leading ridesharing company in India, and it also operates in Australia and the U.K.

By Service Types

• E-hailing: This segment will generate around USD 80 billion in 2024 and hold a 63% market share.
• Car Sharing: According to Ridesharing Industry Statistics, this segment is forecasted to make about USD 20 billion in revenue, which is around 16% of the total market.
• Car Rental: Traditional car rentals are expected to earn around USD 15 billion, making up 12% of the market.
• Station-Based Mobility: Services like bike-sharing are expected to earn USD 10 billion by the end of 2024, contributing about 9% to the market.

By Vehicle Type Segmentation

• Internal Combustion Engine (ICE) Vehicles: Ridesharing Industry Statistics In 2020, around 70% of ride-share cars used gas, but by 2032, only 40% will.
• Electric Vehicles (E.V.s): Meanwhile, around 10% of ride-share cars were E.V.s in 2020 and is expected to reach 35% by 2032.
• Compressed Natural Gas (CNG)/Liquefied Petroleum Gas (LPG) Vehicles: As of 2020, they were 5% of ride-share cars and may reach 10% by 2032.
• Micro-Mobility Vehicles: Micro-mobility vehicles made up 15% of ridesharing in 2020 and may reach 25% by 2032.

Estimated Revenue of Ridesharing Industry Statistics By Country

• As of 2024, the global ridesharing market in China will account for the highest revenue, resulting in USD 59.56 billion, with a projected CAGR of 4.89% from 2024 to 2029.

Furthermore, other countries estimated revenue in 2024 are mentioned in the table below:

Users of Digital Ride-hailing Services Statistics

(Reference: statista.com)

• In 2023, about 1.69 billion people used ride-hailing apps, and by 2024, there were over 1.79 million global users of digital ride-hailing services.
• This number is expected to grow in the next few years, followed by 2025 (1.89 million), 2026 (1.99 million), 2027 (2.09 million), 2028 (2.19 million), and 2029 (2.31 million).

Leading Mobility Services Statistics By Brand Awareness

(Reference: statista.com)

• Ridesharing Industry Statistics also show that Uber, founded in 2009 in San Francisco, is the most popular mobility service in the U.S., known by 89% of people in 2023.
• At the same period, other leading mobility services ranked by brand awareness in the U.S. were Lyft (85%), Enterprise CarShare (64%), Zipcr (39%), Lime (37%), Turo (36%), Curb (29%), Limos.com (26%), Getaround (25%), GIG Car Share (25%), Free2Move (24%), Gett (24%), HyreCar (24%), Revel (24%), SIXT share (24%), Drivezy (23%), and Hui (22%).

E-mobility Services Market Revenue Statistics

(Reference: statista.com)

• As mentioned in Ridesharing Industry Statistics, the e-mobility market will account for USD 7.5 billion by 2024 and is predicted to grow above USD 65.81 billion by 2030.
• The projected global revenue of the e-mobility services market in coming years is expected to be 2025 (USD 10.2 billion), 2026 (USD 14.16 billion), 2027 (USD 20.04 billion), 2028 (USD 29.06 billion), 2029 (USD 43.24 billion) and 2030 (USD 65.81 billion).

Ride-Share Drivers Statistics By Rates of Experienced Violence

(Reference: statista.com)

• In the United States of America, around 67% of the share of ride-hailing drivers experienced any violence in 2023.
• Furthermore, other shares of ride-hailing drivers by type of violence are followed as 52% (verbally abused), 40% (vehicle damaged), 32% (called a racial, ethnic, or religious slur), 27% (sexually propositioned), 26% (verbally threatened with physical harm), 14% (called a gender, sexual, or homophobic slur), 10% (robbed or carjacked), 3% (sexually assaulted or raped) and 2% (shot or stabbed).

Ridesharing Website Traffic Statistics

(Reference: similarweb.com)

• Ridesharing Industry Statistics report that in September 2024, ridesharing.com had 43.6 thousand website visits, a decrease of 0.7%% from last month.
• Moreover, the bounce rate of the website turned out to be 31.81%.
• Over the last three months, ridesharing.com’s global ranking improved from 644,693 to 553,522.
• The pages per visit took 5 minutes and 05 seconds, and the average website visit duration was 2 minutes and 20 seconds.

By Country

(Source: similarweb.com)

• In the same period, Canada had 55.39% of the ridesharing website's total traffic, down by 15.59% from last month.
• As of Ridesharing Industry Statistics, other countries recorded the following contributions in total traffic on ridesharing.com: United States: 31.98% (-6.02%), India: 4.89%(+145.4%), France: 3.95% (+9.92%), and United Kingdom: 3.25% (-29.84)
• Other country's website traffic share collectively made up around 0.54% of the total traffic share.

By Demographics

(Reference: similarweb.com)

• In September 2024, Ridesharing website users were 57.98% female and 42.02% male.
• Depending on age group shares, Ridesharing Industry Statistics further elaborates that the highest number of website users between 45 and 54 years old secured a share of 21.73%.
• Around 21.5% of ridesharing website users are from 25 to 34 years old.
• In contrast, 19.09% and 14.95% of users are 35 to 44 years old and 55 to 64 years old, respectively.
• Meanwhile, almost 13.27% of website users are aged from 18 to 24 years.
• 65+ years and above users contributed only 9.46% of shares on ridesharing.com.

By Traffic Source

(Reference: similarweb.com)

• The Organic Search generated the highest traffic rate to ridesharing.com, resulting in 58.74%.
• According to Ridesharing Industry Statistics, around 31.28% of the share was generated via direct searches, and 6.83% came from referrals.
• Others are followed by social (2.5%), mail (0.11%), and display (0.55%).

Ridesharing Industry Statistics By Reasons for Continuing Unsafe Rides, 2023

The Factors Driving the Growth of the Global Ridesharing Market

• Owning a car is becoming more expensive, leading people to prefer ridesharing services.
• More people living in cities increases traffic, making ride-sharing a convenient option.
• Environmental Concerns: Ridesharing helps reduce emissions, appealing to eco-conscious consumers.
• Widespread smartphone use and internet access make booking rides easy and quick.
• Policies promoting shared transportation encourage the use of ridesharing services.
• Innovations like GPS and real-time tracking enhance user experience and safety.
• Ridesharing offers various vehicle choices, catering to different user needs and preferences.
• Sharing rides reduces travel expenses, making it an economical choice for many.
• More people commuting to work boosts demand for ridesharing services.
• Ridesharing lessens the need for parking spaces, alleviating urban parking challenges.

Sustainable Initiatives of Ridesharing Industry Statistics

• Electric Vehicle (E.V.) Integration: Many ridesharing companies are integrating E.V.s into their fleets, aiming for 100% E.V. adoption by 2030. In 2023, over 25% of global ridesharing trips used E.V.s ( Statista).
• Carbon Offset Programs: Leading platforms like Lyft and Uber have invested in carbon offsetting and funding projects that reduce emissions. In 2023, Uber offset over 200,000 tons of CO2 globally. ( Uber Impact Report)
• Carpooling Options: Shared rides reduce the number of cars on the road. Lyft's shared ride option reported a 40% increase in 2024, lowering per-person emissions by an estimated 20%. (Lyft Blog)
• Renewable Energy Partnerships: Some companies partner with renewable energy providers. Uber, for example, collaborated with providers in 2023 to power E.V. charging with solar energy, reducing fossil fuel dependency by 15%. ( Uber Impact Report)
• Eco-Friendly Packaging for Food Delivery: Ridesharing services with food delivery options use biodegradable packaging. By 2024, Uber Eats switched 60% of their packaging to sustainable materials. ( Uber Eats Blog)
• Electric Bike and Scooter Expansions: Companies are expanding their electric bike and scooter programs, reducing car trips for short distances. In 2023, Lime reported that 80 million trips replaced car rides with scooters. ( Lime Blog)
• Charging Infrastructure Investment: Ridesharing companies are investing in E.V. charging stations. Lyft has committed $50 million for charging station installations by 2025. ( Lyft Blog)
• Incentives for Green Drivers: Drivers using hybrid or electric vehicles receive incentives. Lyft increased green vehicle bonuses by 25% in 2023, boosting E.V. drivers to 35% of their fleet. (Lyft Blog)
• Driver Education Programs: Training programs for drivers on eco-friendly driving techniques help reduce fuel consumption. In 2024, Uber’s training program cut fuel use by an average of 10%. (Uber Impact Report)
• Sustainable Business Operations: Many companies are optimising offices and headquarters with energy-efficient systems. By 2024, Uber reduced its office energy consumption by 15% through sustainable upgrades. (Uber Sustainability Report)

Conclusion

The ridesharing industry has grown fast, making travel easier and more affordable for people around the world. Companies like Uber, Lyft, and others have changed how we commute by offering convenient, on-demand rides through mobile apps. This industry has provided many job opportunities and also supported greener travel by reducing car ownership and helping lower traffic in many areas.

However, challenges remain, such as driver safety, regulation issues, and competition. Overall, ridesharing services have transformed transportation and are likely to keep evolving to meet both rider and driver needs.