Ride-hailing & Taxi - Worldwide | Statista Market Forecast

Revenue in the Ride-hailing & Taxi segment is projected to reach US$330.80bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 3.46%, resulting in a projected market volume of US$379.00bn by 2027.
In the Ride-hailing & Taxi segment, the number of users is expected to amount to 1.45bn users by 2027.
User penetration is 17.4% in 2023 and is expected to hit 18.3% by 2027.
The average revenue per user (ARPU) is expected to amount to US$247.00.
In the Ride-hailing & Taxi segment, 55% of total revenue will be generated through online sales by 2027.
In global comparison, most revenue will be generated in China (US$130.90bn in 2023).

The Ride-hailing & Taxi market segment includes all online and offline booking channels that connect passengers and drivers. This includes traditional taxi services that can be booked by phone, Transportation Network Companies (TNCs) that offer rides in private vehicles, as well as Ride Pooling services. The passenger requests a ride and will then be matched with a driver. Examples for TNCs are Uber and Lyft that match passengers with drivers and charge a commission for this service, or services such as Moia and Via that offer Ride Pooling by combinding the routes of passengers. In addition, taxi companies that offer trips via an app (e.g. Free Now) are also considered in this segment.

The revenue represents the entire booking volume from the respective region, regardless of start and destination. Users only represent people who have completed a booking, regardless of the number of travelers. Not included in the definition are car sharing services that enable users to rent cars that they drive themselves (station-based or free-floating) or long-distance ride sharing services (e.g. Blablacar).

in-scope

Platforms that let users book rides offered by drivers using their private vehicles (e.g. Uber)
Taxi companies that offer their services through an app (e.g.Free Now)
Platforms that offer shared rides (Ride Pooling) with other passengers (e.g. Moia, Via)
Taxi rides booked offline with taxi companies (e.g. by telephone)

out-of-scope

Carpools organized offline (e.g. to pick up colleagues)
Long-distance ride sharing services (e.g. BlaBlaCar)
Car sharing and car rental services that let users rent and drive cars (e.g. Hertz or Share Now)

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