Uber has been dominating the U.S. market since its introduction, but many other markets have succumbed to competition from its rivals DiDi, Lyft, Ola, Share Now, Easy Taxi, and Grab. Thanks to an aggressive discount policy, the Chinese company DiDi managed to force Uber out of large parts of Southeastern Asia. Following its 100 million U.S. dollar investment in Lyft in 2015, DiDi plans to continue its international expansion in the coming years.
Congestion mitigation
Both companies are active players in the field of mobility services. Such services include ride-hailing, ride-sharing, car sharing, bike sharing, and scooter sharing. In light of growing urbanization across the globe, mobility services are seen as a measurement to tackle congestion and air pollution in cities.
Ride-hailing market value worldwide as of May 2018, by key operator
(in billion U.S. dollars)
Characteristic
Market value in billion U.S. dollars
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UBS. (May 31, 2018). Ride-hailing market value worldwide as of May 2018, by key operator (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/729049/ride-hailing-gross-revenue-by-key-operator-globally/
UBS. "Ride-hailing market value worldwide as of May 2018, by key operator (in billion U.S. dollars)." Chart. May 31, 2018. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/729049/ride-hailing-gross-revenue-by-key-operator-globally/
UBS. (2018). Ride-hailing market value worldwide as of May 2018, by key operator (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/729049/ride-hailing-gross-revenue-by-key-operator-globally/
UBS. "Ride-hailing Market Value Worldwide as of May 2018, by Key Operator (in Billion U.S. Dollars)." Statista, Statista Inc., 31 May 2018, https://www.statista.com/statistics/729049/ride-hailing-gross-revenue-by-key-operator-globally/
UBS, Ride-hailing market value worldwide as of May 2018, by key operator (in billion U.S. dollars) Statista, https://www.statista.com/statistics/729049/ride-hailing-gross-revenue-by-key-operator-globally/ (last visited September 01, 2024)
Ride-hailing market value worldwide as of May 2018, by key operator (in billion U.S. dollars) [Graph], UBS, May 31, 2018. [Online]. Available: https://www.statista.com/statistics/729049/ride-hailing-gross-revenue-by-key-operator-globally/