Ride Sharing Market Size | Key Players & Strategic Developments 2025

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Code: MTA10672

Publication Date: Nov 2025

What is the size of Ride Sharing Market?

According to 6Wresearch internal database and industry insights, the Global Ride Sharing Market was valued at USD 130 billion in 2024 and is expected to reach USD 216 billion by 2031, growing at a compound annual growth rate of 8.10% during the forecast period (2025-2031).

The main drivers of this growth are the rising popularity of on-demand mobility services, consumers' increasing preference for cost-efficient shared transportation, and the growing deployment of app-based platforms and digital payment ecosystems facilitating seamless ride bookings.

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Growth Factors for Ride Sharing Industry

Growing interest in shared mobility as a substitute for conventional private car ownership.
Demand for ride sharing is being driven by increasing urban traffic congestion and rising vehicle maintenance costs.
Popularity among younger, tech-savvy commuters due to its positive effects on flexibility and accessibility.
Expansion of online & mobile platforms enabling broader access to ride-sharing services.
Innovation in electric vehicle fleets and subscription-based ride models enhancing service offerings

Ride Sharing Market Trends

The Ride Sharing Market trends demonstrate an increasing shift toward app-based booking systems, integration of real-time tracking and digital payments, and the emergence of electric vehicle fleets within ride-sharing services. Companies are exploring subscription-based ride packages, pooled-ride options and micro-mobility tie-ups to broaden their service mix. At the same time, partnerships with local transport authorities and data-driven demand-forecasting are shaping how operators approach fleet deployment and pricing.

Emerging Developments in the Ride Sharing Market

The Ride Sharing Market developments include rising adoption of electric and hybrid vehicles in fleets, launch of subscription-oriented ride plans and integration of multi-modal mobility platforms that combine ride-sharing with bikes and scooters. Companies are increasingly leveraging AI for dynamic pricing, route optimisation and enhanced safety features and are expanding operations into under-penetrated regions with rising smartphone use and improved connectivity.