Growing internet and smartphone user base coupled with rising air pollution levels and shifting consumer preference towards ride sharing and car pool services to fuel Middle East & Africa ride hailing market through 2023
According to TechSci Research report, “Middle
East & Africa Ride
Hailing Market By Vehicle Type,
By Internet Connectivity, By Service Type, By Vehicle Connectivity, By Country,
Competition Forecast & Opportunities, 2017-2023”, MEA ride hailing market is projected to grow
at a CAGR of 21% during 2018 – 2023. Backed by ease of booking and enhanced comfort
offered by ride hailing services, in addition to growing population and rising
urbanization, the Middle East & Africa ride hailing market is expected to
register high double digit growth in the coming years. Some of the other
factors that would aid growth in the market are increasing air pollution levels
owing to the rising fleet of automobiles coupled with supportive government
initiatives to encourage use of ride hailing services.
Browse 42 market data Figures and Tables spread through60 Pages and an in-depth TOC on“Middle East & Africa Ride Hailing Market”
South Africa is the largest market for ride
hailing across the Middle East & Africa region, owing to growing internet
penetration across the country. Moreover, South Africa has a large fleet of
passenger cars, backed by its rapidly developing infrastructure. With a value share
of over 90% in ride hailing market across the region, passenger car segment dominated
the market, followed by micro mobility vehicles segment, in 2017. People prefer
passenger cars for ride hailing as they provide the most comfortable mode of
transportation and are cost effective as well.
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“Uber Technologies, Lyft, and Didi Chuxing are
among the key players operating in the Middle East & Africa ride hailing market.
Owing to the region’s huge potential, several major players are investing
heavily to develop their ride hailing services network across the region, which
is expected to have a positive impact on MEA ride hailing market over the
course of next five years.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Middle East & Africa Ride Hailing Market By Vehicle Type, By Internet Connectivity, By Service Type, By Vehicle Connectivity, By Country, Competition Forecast & Opportunities, 2017-2023” has analyzed the potential of ride hailing market across the region, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry.
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