Travel Newswire Press Release Distribution Services
Travel News & Press Release Distribution Services
About Us | Contact Us


Home | Travel News | Submit Press Release | Submit Travel RSS Feed
Unlimited Press Release Distribution
Press release distribution service

Travel News Media

ABC Travel News
Asia Travel Tips
BBC Travel
Breaking Travel News
Business Travel News
Frugal Travel
Luxury Travel Magazine
U.S. Travel News
Submit press release to this complete Travel media list.

View my Flipboard Magazine.
Travel News Releases

Ride Sharing Market Projected to Gain $218.0 billion by 2025


(I-TravelNewswire.Com, October 15, 2019 ) The Ride Sharing Market is estimated to be USD 61.3 billion in 2018 and is projected to reach USD 218.0 billion by 2025, at a CAGR of 19.87%.

The major drivers of this market include the growing need for personal mobility in the wake of rising urbanization and a fall in car ownership. Also, growing Internet and smartphone penetration and stringent CO2 reduction targets are leading to the high growth of the market.

Electric vehicles and autonomous cars to create disruption in the ride sharing market in the future

The growth is attributed to the existing lower penetration of such vehicles in the ride-sharing fleets, favorable government policies, improving charging infrastructure, and growing awareness about CO2 emission. At the initial stage, ride sharing with electric vehicles would be costly as it is difficult to operate and maintain. However, in the future, it would be beneficial for the driver as well as a customer. Based on calculations, a full-time driver working can save an average of USD 5,000-5,500 per year in total vehicle expenses with an EV as compared to a typical gas vehicle. The service providers can leverage this opportunity by providing a suitable sustainability model of ride sharing with electric vehicles which could attract drivers and people to opt for the same. Additionally, the advent of autonomous cars augurs well for the growth of the ride sharing market. For instance, Waymo has driverless cars picking up passengers, while General Motors plans to roll out its service in 2019 and Ford indicates that it will have a self-driving fleet ready for ride-sharing by 2021. The introduction of fully autonomous cars to ride sharing fleets would drastically help to reduce overhead costs and increase profitability in the long term. According to Tesla, running an autonomous taxi will cost around USD 0.18 or less per mile. This challenges the USD 2- USD 3 cost per mile of the ride-sharing companies.

Download PDF Brochure @

Varying Transport Policies of Different Countries

In many countries, the operations of app-based mobility services are not regulated by legal authority. Hence, their operation is not defined and regulated by the government. Taxi services are required to obtain separate licenses and registration. This makes it difficult for app-based taxi services to operate as many app-based companies do not own the vehicles.

Stringent regulations related to vehicle registration and licenses make it difficult for an app-based taxi fleet that provides ride-sharing services. This has negatively impacted the growth of ride-sharing services in many countries and regions. Transport policies vary in different countries, which results in a non-standardized business model of ride-sharing companies. For instance, in Dubai, riders cannot carpool with unknown people because of safety concerns. Hence, the transport policies of a country can place many limitations on the type of services provided. This results in a situation where there is no proper sustainable model for ride sharing service providers. Additionally, increasing urbanization will accentuate the need for better mobility services. Cities will continue with transformative changes to improve the quality of life by investing in urban mobility solutions. This would result in better transportation systems, which would continuously bring changes in transport policies. As a result, ride sharing companies need to stay updated with policy changes in different countries. It is very important for ride sharing companies to make contingency plans to deal with the governments of different countries and ensure smooth operations.

Request for Sample Pages @

First Mile Last Mile

First mile last mile or station-based mobility refers to traveling very short distances to get from the origin or destination to or from the nearest transportation hub. Scooters, bikes, and other forms of personal transit offer consumers low prices, speeds in cities, and on-demand availability. Also, it is a convincing alternative to bus transfers, trains, and walking. From a ride-sharing company and customer’s perspective, there are 2 major benefits—flexibility and data. A fleet of scooters can be arranged in hours by a small crew as it requires minimal maintenance and no infrastructure changes. As these vehicles are GPS-enabled, they can provide mobility data at scale in areas where it was previously not available.

Station-based mobility or first mile last mile provides stacks and racks of light electric vehicles or bicycles at closely spaced intervals throughout a city. A person who wants to use the service to go somewhere can simply walk to the nearest rack, swipe a card to pick up a vehicle, drive it to the rack nearest to the destination, and drop it off. This is an efficient and effective solution but will not solve the problem of the first mile and last mile as stations may not be in close vicinity to all locations. These stations are located on the most frequently used routes and locations where traffic moves on a daily basis.

First mile and last mile services remain at a low density in most areas owing to some restrictions by the governments related to the increase in a number of vehicles. Cities are concerned that, if they allow these services, the total number of these vehicles, bikes, and scooters will overpower infrastructure or be uncontrolled by startups. These restrictions come along with regulations pertaining to parking, safety, minimum age of riders, etc.

Hence, the people and governments still prefer ride-sharing services such as Uber, Lyft, and Ola that pick the users from their desired location and drop them to the destination chosen by the user. As a result, ride sharing services will be preferred by customers over the first mile and last-mile services. The first mile and last mile will struggle to grow at a fast rate owing to the requirement of infrastructure and strong competition from ride-sharing services.

Speak to Analyst @


Mr. Shelly Singh


Source: EmailWire.Com

Travel News by Sector
  • Airlines
  • Car Rental
  • Cruises
  • Destinations
  • Flights
  • Hotels
  • Rail
  • Travel Agents
  • Technology
  • Tour Operators
    Travel RSS Marketpalce

    Free Meeting & Travel Magazines
    Get free travel publications including magazines, white papers and downloads on meetings, trade shows, business travel.
    Submit RSS News Feed.
    Have your feed on news, products or services displayed under this marketpalce. The feed also displayed on a full page and updated daily. Add RSS feed Now!

    Press release distribution services: Submit press release to major media. Unlimited press release service

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © 2013 GroupWeb Media LLC. All Rights Reserved.

    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | | i-Canada-News.Com | | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | | | | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
    i-TravelNewsWire.Com - Newswire and Press Release service of GroupWeb Media LLC