![Global Rise-Hailing and Taxi Market](https://res.cloudinary.com/devmoveo/image/upload/v1699596879/skyquest/report/phpMlAynW.jpg)
Report ID: SQMIG25C2061
Report ID:
SQMIG25C2061 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
61 |
Figures:
75
In North America, the United States and Canada are the two major countries contributing to the growth of the ride-hailing market. The region has a well-established transportation infrastructure, with high levels of car ownership and a high GDP per capita. Additionally, the popularity of ride-hailing services such as Uber and Lyft has been driven by the convenience, affordability, and safety features of these platforms.
On the other hand, the APAC region is the fastest-growing market for ride-hailing and taxi services, with countries such as China, India, and Southeast Asian nations driving the growth. The region has a large population with rising disposable incomes, increasing urbanization, and a high demand for convenient transportation options. Moreover, government initiatives to support the growth of ride-hailing services, coupled with the rapid adoption of smartphones and mobile payment systems, have led to the growth of ride-hailing platforms such as Didi Chuxing, Grab, and Go-Jek.
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Report ID: SQMIG25C2061