Uber dominated the global market for ride-hailing, with a market share of 25 percent in 2022. Lyft was ranked a distant second with a market share of eight percent.
North American market remains key to Uber's revenue
In recent years, Uber has expanded outside its home market in North America. Revenues in Europe, the Middle East, and Africa have grown particularly strongly, more than doubling between 2021 and 2022. However, the U.S. and Canada continue to account for the company's highest revenue. In 2022, revenue from North America made up 61 percent of Uber's global revenue.
Competition from Lyft
Globally, Lyft can only claim eight percent of the ride-hailing market share. The company only operates in the United States and Canada, limiting its ability to gain new users. In the United States, however, the company has a much larger share of the market. As of September 2023, Lyft controlled around a quarter of the U.S. ride-hailing market. Lyft has been losing market share, though. In 2021, Lyft had still held around a quarter of the market, losing ground to Uber.
Leading ride-hailing and taxi operators worldwide as of November 2022, by market share
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Statista Mobility Market Insights. (September 13, 2023). Leading ride-hailing and taxi operators worldwide as of November 2022, by market share [Graph]. In Statista. Retrieved October 09, 2024, from https://www.statista.com/statistics/1156066/leading-ride-hailing-operators-worldwide-by-market-share/?ref=investo.global
Statista Mobility Market Insights. "Leading ride-hailing and taxi operators worldwide as of November 2022, by market share." Chart. September 13, 2023. Statista. Accessed October 09, 2024. https://www.statista.com/statistics/1156066/leading-ride-hailing-operators-worldwide-by-market-share/?ref=investo.global
Statista Mobility Market Insights. (2023). Leading ride-hailing and taxi operators worldwide as of November 2022, by market share. Statista. Statista Inc.. Accessed: October 09, 2024. https://www.statista.com/statistics/1156066/leading-ride-hailing-operators-worldwide-by-market-share/?ref=investo.global
Statista Mobility Market Insights. "Leading Ride-hailing and Taxi Operators Worldwide as of November 2022, by Market Share." Statista, Statista Inc., 13 Sep 2023, https://www.statista.com/statistics/1156066/leading-ride-hailing-operators-worldwide-by-market-share/?ref=investo.global
Statista Mobility Market Insights, Leading ride-hailing and taxi operators worldwide as of November 2022, by market share Statista, https://www.statista.com/statistics/1156066/leading-ride-hailing-operators-worldwide-by-market-share/?ref=investo.global (last visited October 09, 2024)
Leading ride-hailing and taxi operators worldwide as of November 2022, by market share [Graph], Statista Mobility Market Insights, September 13, 2023. [Online]. Available: https://www.statista.com/statistics/1156066/leading-ride-hailing-operators-worldwide-by-market-share/?ref=investo.global