A recent report by Custom Market Insights forecasts that the global ride hailing services market will grow significantly over the next decade. The market size was valued at approximately USD 49.67 billion in 2025 and is expected to increase to USD 59.34 billion in 2026. By 2035, the market is projected to reach around USD 295.06 billion, expanding at a compound annual growth rate (CAGR) of 19.47% from 2026 to 2035.
The report highlights major companies operating in this sector, including Uber Technologies Inc., Via Transportation Inc., Wheely, Gett, Addison Lee Limited, BlaBlaCar, Ola Electric Mobility Pvt. Ltd., and Rapido Transportation. These players contribute to the market through various sales strategies and innovations.
**Why this matters**
The rapid growth of the ride hailing market reflects increasing consumer demand for convenient and flexible transportation options. This expansion is likely to influence urban mobility patterns, transportation infrastructure, and regulatory frameworks worldwide. Understanding market trends and key players can help stakeholders make informed decisions in this evolving industry.
Source: NewsData