Ride-Hailing Market: How can businesses cope with COVID-19
The major factors helping the ride-hailing market progress are the need for a convenient mobility option, concerns for the environment, urban congestion, and supportive government initiatives. Such services generated $50.4 billion in 2018, and this revenue is expected to reach $120.2 billion in 2024, at a 13.0% CAGR during 2019-2024 (forecast period). Ride-hailing refers to transportation services provided by mobility companies via their mobile apps. After booking the ride to their desired destination, commuters are sent a car with a designated driver. Get a sample copy of the market analysis: https://www.psmarketresearch.com/market-analysis/ride-hailing-market/report-sample Based on vehicle type, the ride-hailing market is categorized into luxury, executive, and economy. Among these, the economy category was the largest in 2018 and is expected to stay the largest throughout the forecast period. This is because the number of economy cars in sharing fleets is higher than luxury or...