Ride Sharing Market: Size, Dynamics, Regional Insights and Market Segment Analysis

Ridesharing is an alternative mode of transportation in which more than one person shares the use of a vehicle, such as a van or automobile, to complete a trip. Prior to the pandemic, ride-sharing services were the most popular because they provided a convenient and cost-effective way of personal mobility through the use of a transportation network infrastructure. Ride sharing services have several advantages, including quick booking choices, minimal carbon footprints, economical door-to-door ride services, and no parking hassles. Reduced demand for public transportation due to the danger of infection during the Covid-19 epidemic is supporting the rise of select ride sharing services.