The South Africa e-hailing market is projected to grow at a CAGR of 17.45% over the forecast period, increasing from US$1.38 billion in 2025 to US$3.084.741 million by 2030.
E-hailing is a service with offers that help consumers book public services through electronic applications offered by multiple companies. This service offers multiple benefits to the consumers, as they offer convenient booking for the rides through their smartphones. Ride-hailing services also offer a cost-effective and efficient mode of transportation for consumers.
The growth of smartphone and internet users among the total population of the nation is estimated to boost the growth of e-hailing services. The South African Government News Agency, in its report, stated that in 2022, about 92.1% of the country's households own cell phones. Similarly, the extensive use of the internet among the nation's population is expected to boost its e-hailing service market growth. The International Telecommunication Union (ITU), in its global individual using the internet statistics, stated that 74.7% of the population in the nation had access to the internet.
One of the major driving factors for the South African e-hailing market's growth is the rising tourism in the nation. The growth of the tourism sector of any nation plays a critical role in the development of the e-hailing market in that nation. The availability of efficient e-hailing services in the nation attracts new tourists, as it offers a cost-effective mode of transportation services in the nation.
The Statistics of South Africa, in its tourism report, stated that the nation's tourism sector witnessed major growth in the recent few years. The agency further stated that in 2021, the total tourist arrival in the nation was recorded at about 4.67 million travelers, which grew to about 11.54 million travelers in 2022 and about 16.07 million travelers in 2023.
E-hailing is a service with offers that help consumers book public services through electronic applications offered by multiple companies. This service offers multiple benefits to the consumers, as they offer convenient booking for the rides through their smartphones. Ride-hailing services also offer a cost-effective and efficient mode of transportation for consumers.
The growth of smartphone and internet users among the total population of the nation is estimated to boost the growth of e-hailing services. The South African Government News Agency, in its report, stated that in 2022, about 92.1% of the country's households own cell phones. Similarly, the extensive use of the internet among the nation's population is expected to boost its e-hailing service market growth. The International Telecommunication Union (ITU), in its global individual using the internet statistics, stated that 74.7% of the population in the nation had access to the internet.
What are the drivers of the South African e-hailing market?
The growing tourism sector in the nation is anticipated to fuel the South African e-hailing market expansion.One of the major driving factors for the South African e-hailing market's growth is the rising tourism in the nation. The growth of the tourism sector of any nation plays a critical role in the development of the e-hailing market in that nation. The availability of efficient e-hailing services in the nation attracts new tourists, as it offers a cost-effective mode of transportation services in the nation.
The Statistics of South Africa, in its tourism report, stated that the nation's tourism sector witnessed major growth in the recent few years. The agency further stated that in 2021, the total tourist arrival in the nation was recorded at about 4.67 million travelers, which grew to about 11.54 million travelers in 2022 and about 16.07 million travelers in 2023.
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- Historical data & forecasts from 2022 to 2030
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The South Africa e-hailing market is analyzed into the following segments:
By Vehicle Type
- Four-Wheeler
- Two and Three-Wheeler
By Mode of Payment
- Online
- Offline
By City
- Cape Town
- Johannesburg
- Gqeberha
- East London
- Durban
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. SOUTH AFRICA E-HAILING MARKET BY VEHICLE TYPE
6. SOUTH AFRICA E-HAILING MARKET BY MODE OF PAYMENT
7. SOUTH AFRICA E-HAILING MARKET BY CITY
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILES
Companies Mentioned
- Uber Technologies Inc
- Bolt Technology OÜ
- Yookoo Ride
- Yo!Taxi
- t-Drive
- NextNow Group (Pty) Ltd
- Shesha
- DiDi Global
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 120 |
Published | December 2024 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 1.38 Billion |
Forecasted Market Value ( USD | $ 3.08 Billion |
Compound Annual Growth Rate | 17.4% |
Regions Covered | South Africa |
No. of Companies Mentioned | 8 |