to TechSci Research report, “Asia-Pacific
Ride Hailing Market
By Vehicle Type, By Internet Connectivity, By Service Type, By Vehicle
Connectivity, By Country, Competition Forecast & Opportunities, 2017-2023”, the ride hailing market in Asia-Pacific is projected
to reach $ 53.7 billion by 2023. Key factors expected to drive the market are
growing urbanization and shifting trend from traditional taxis to ride hailing
services in the region. Moreover, growing population, increasing traffic
congestion and rising air pollution levels owing to the rising fleet of
automobiles is anticipated to fuel the demand for ride hailing services across
Asia-Pacific in the coming years.
Browse 77 market data Figures and Tables spread through84 Pages and an in-depth TOC on“Asia-Pacific Ride Hailing Market”
value share of more than 95% in 2017, passenger car segment dominated the ride
hailing market across the Asia-Pacific region. The segment is anticipated to
maintain its market dominance in the coming years as well, backed by its cost
effectiveness and passenger comfort. Several big players such as Uber and Didi are
increasing their product portfolio by investing in ride hailing services, which
in turn is likely to drive growth in the region’s ride hailing market. Uber
Technologies Inc., Didi Chuxing and Lyft Inc.
are the leading players operating in the Asia-Pacific ride hailing market.
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between OEMs and ride hailing service providers are increasing across the
region, in addition to shifting consumer preference towards car pool and ride
sharing services. Moreover, rising government initiatives aimed at increasing
awareness regarding the harmful effects of air pollution levels and development
of semi-autonomous and autonomous vehicles would fuel the market demand for ride
hailing services. Consequently, Asia-Pacific ride hailing market is projected
to exhibit double-digit growth in the coming years.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
“Asia-Pacific 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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