Ride Sharing Market Report 2026

The ride sharing market size has grown exponentially in recent years. It will grow from $156.01 billion in 2025 to $189.25 billion in 2026 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to increasing urban traffic congestion, rising fuel costs for individual commuting, growth of smartphone penetration, increasing acceptance of shared mobility models, expansion of corporate commuting programs.

The ride sharing market size is expected to see exponential growth in the next few years. It will grow to $408.64 billion in 2030 at a compound annual growth rate (CAGR) of 21.2%. The growth in the forecast period can be attributed to increasing adoption of multimodal mobility platforms, rising focus on reducing urban emissions, expansion of subscription-based mobility services, growing integration with public transport networks, increasing demand for flexible commuting options. Major trends in the forecast period include expansion of app-based ride matching platforms, growing adoption of dynamic ride pooling models, rising integration of digital payment systems, increased focus on cost-efficient shared mobility, enhanced use of data analytics for route optimization.

The increasing adoption of smartphones is expected to drive the growth of the ride-sharing market in the coming years. A smartphone is a mobile device that integrates computing capabilities such as an operating system, internet access, and the ability to run applications alongside traditional telephony functions. Widespread smartphone penetration has been a key enabler of ride-sharing services by making them easily accessible, user-friendly, and technologically advanced for a broad and diverse customer base. For example, in March 2024, according to ConsumerAffairs, a US-based consumer news and advocacy organization, smartphone ownership in the United States rose to 92% in 2023 from 86% in 2022. Additionally, it was estimated that in 2024, American adults would spend more than 4.5 hours per day on their mobile devices on average. Therefore, the rising adoption of smartphones is driving the growth of the ride-sharing market.

Companies operating in the ride-sharing market are increasingly focusing on introducing innovative travel features to attract larger customer bases, increase usage, and boost revenue. Travel features refer to specialized services or functionalities designed to improve the overall travel experience for users. For instance, in January 2023, Uber Technologies Inc., a US-based technology company, launched Uber Travel, a new feature designed to simplify trip planning and ride booking. One of its key functionalities, Smart Itineraries, allows travelers to import trip details directly into the Uber app and schedule rides in advance for different stages of their journey, reducing the need to book rides individually upon arrival at airports or departure from hotels.

In July 2025, Lyft Inc., a US-based technology company, acquired FREENOW GmbH for approximately $197 million. Through this acquisition, Lyft aims to expand its geographic footprint beyond North America by entering the European mobility market and accelerating the growth of its global customer base through an established multi-mobility platform. FREENOW GmbH is a Germany-based technology company that provides a range of urban transportation services, including taxi and private hire vehicles, across major cities in Europe.

Major companies operating in the ride sharing market are ANI Technologies Pvt. Ltd., BlaBlaCar SA, Cabify Espana S.L.U, Careem Networks FZ LLC, Gett, Lyft Inc., Uber Technologies Inc., Didi Chuxing Technology Co., Daimler AG, Bolt Technology OU, Yandex, Beijing Xiaoju Technology Co Ltd., Via Transportation Inc., Scoop Technologies Inc., Wingz Inc., Curb Mobility LLC, PT Gojek Indonesia, Easy Taxi Serviços Ltda., Beat Mobility SA, Juno USA LP, Grab Holdings Inc., Free Now, Bolt Mobility Corp., ViaVan, Ryde Technologies Pte Ltd.

North America was the largest region in the ride sharing market in 2025. The regions covered in the ride sharing market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ride sharing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The ride sharing market includes revenues earned by entities by providing services such as real-time tracking of drivers, real-time ride tracking sharing, multiple drop-off locations, and multiple payment options. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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