Africa Ride Sharing Market Research Report Forecast to 2027

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The Africa ride sharing market has been growing at a significant rate from the past few years and is expected to reach USD 497.2 million by 2027, at a CAGR of 10.6% during the forecast period, 2021–2027.

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Africa Ride Sharing Market Research Report Forecast to 2027

Market Overview

The Africa ride sharing market has been growing at a significant rate from the past few years and is expected to reach USD 497.2 million by 2027, at a CAGR of 10.6% during the forecast period, 2021–2027.
In 2020, Egypt accounted for the largest market share of nearly 33.9%, owing to the factors such as an increase in human population, rise in traffic congestion, upliftment of economic activities, a surge in sales & manufacturing practices of automotive vehicles in the region, technological developments across telecom and smartphone industries, government initiatives to boost local production, among others are contributing towards the growth. Additionally, the region is predicted to continue rising owing to the significant presence of local vehicle assemblers such as GB Auto, General Motors Egypt/Mansour Automotive, Nissan, etc., during the forecast period. Meanwhile, in 2020, Ethiopia held the second-largest market share of around 21.4%, mainly due to the rising fuel prices. Further, this growth trend is followed by South Africa, Kenya, Tanzania, and Uganda, which stood at third, fourth, fifth, and sixth positions, respectively.
Ride sharing is the newest concept in the mobility market that has gained immense popularity in the field of car-sharing, car-hailing, and carpooling practices. The ride-sharing mechanism is an arrangement over a website, or a mobile application utilized by passengers/riders to travel in a private vehicle owned and operated for a certain fee. Many apps and platforms are being developed by players around the world in which a car/vehicle driver offers a ride to the passengers/riders who can avail of the offer as per the route and price defined by the driver.
The increase in fuel prices, lack of parking spaces, and rise of innovative transportation services are the key factors driving the market growth. However, changing the policies of transport in various countries is expected to be a major restraining factor for market growth. On the other hand, autonomous vehicles for ride sharing are expected to present lucrative opportunities for the market players during the forecast period.

Market Segmentation

The Africa ride sharing market has been segmented into type, vehicle type, business model, and country. Based on type, the ride-sharing market has been bifurcated into car sharing, e-hailing, car rental, and station-based mobility. Based on the vehicle type, the ride-sharing market has been segmented into ICE vehicles, CNG/LPG vehicles, and electric vehicles. Based on the business model, the market has been split into P2P, B2B, and B2C. Based on country, the market has been segmented into Ethiopia, South Africa, Egypt, Kenya, Tanzania, and Uganda.

Major Players

Uber Technologies Inc., Lyft Inc., Didi Chuxing Technology Co., Bolt, inDriver, Grab, Gett, Ola Cabs, M Car Egypt, and Halan Inc., are the major players in the market  

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS
2 MARKET INTRODUCTION2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASE IN THE FUEL PRICES AND LACK OF PARKING SPACES
4.2.2 RISE OF INNOVATIVE TRANSPORTATION SERVICES
4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
4.3.1 CHANGING POLICIES OF TRANSPORT IN VARIOUS COUNTRIES
4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 GLOBAL TRENDS IN RIDE SHARING INDUSTRY
4.4.1 PRODUCT OFFERINGS (NEW PRODUCT OFFERINGS/PRODUCT ENHANCEMENTS)
4.4.2 TECHNOLOGY
4.4.2.1 PURPOSE-BUILT VEHICLE
4.4.3 OTHERS
4.4.3.1 VEHICLE-AS-A-SERVICE
4.5 OPPORTUNITIES
4.5.1 AUTONOMOUS VEHICLES FOR RIDE SHARING
4.6 COVID-19 IMPACT ANALYSIS
4.6.1 ECONOMIC IMPACT ON AUTOMOTIVE INDUSTRY
4.6.2 IMPACT ON THE RIDE SHARING MARKET
4.6.3 IMPACT ON OVERALL MARKET Y-O-Y FROM 2020-2027
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS
5.1.1 CAR TECHNOLOGY
5.1.2 FLEET MANAGEMENT
5.1.3 URBAN INTEGRATION
5.1.4 MOBILITY OPERATION
5.1.5 UX
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF RIVALRY
6 AFRICA RIDE SHARING MARKET, BY TYPE
6.1 OVERVIEW
6.1.1 AFRICA RIDE SHARING MARKET, BY TYPE, 2018–2027 (USD MILLION)
6.2 CAR SHARING
6.3 E-HAILING
6.4 CAR RENTAL
6.5 STATION-BASED MOBILITY
7 AFRICA RIDE SHARING MARKET, BY VEHICLE TYPE
7.1 OVERVIEW
7.1.1 AFRICA RIDE SHARING MARKET, BY VEHICLE TYPE, 2018–2027 (USD MILLION)
7.2 ICE VEHICLE
7.3 CNG/LPG VEHICLE
7.4 ELECTRIC VEHICLE
8 AFRICA RIDE SHARING MARKET, BY BUSINESS MODEL
8.1 OVERVIEW
8.1.1 AFRICA RIDE SHARING MARKET, BY BUSINESS MODEL, 2018–2027 (USD MILLION)
8.2 P2P
8.3 B2B
8.4 B2C
9 AFRICA RIDE SHARING MARKET, BY COUNTRY
9.1 OVERVIEW
9.1.1 AFRICA RIDE SHARING MARKET, BY COUNTRY, 2018–2027 (USD MILLION)
9.2 EGYPT
9.2.1 EGYPT: AFRICA RIDE SHARING MARKET, BY TYPE, 2018–2027 (USD MILLION)
9.2.2 EGYPT: AFRICA RIDE SHARING MARKET, BY VEHICLE TYPE, 2018–2027 (USD MILLION)
9.2.3 EGYPT: AFRICA RIDE SHARING MARKET, BY BUSINESS MODEL, 2018–2027 (USD MILLION)
9.3 ETHIOPIA
9.3.1 ETHIOPIA: AFRICA RIDE SHARING MARKET, BY TYPE, 2018–2027 (USD MILLION)
9.3.2 ETHIOPIA: AFRICA RIDE SHARING MARKET, BY VEHICLE TYPE, 2018–2027 (USD MILLION)
9.3.3 ETHIOPIA: AFRICA RIDE SHARING MARKET, BY BUSINESS MODEL, 2018–2027 (USD MILLION)
9.4 SOUTH AFRICA
9.4.1 SOUTH AFRICA: AFRICA RIDE SHARING MARKET, BY TYPE, 2018–2027 (USD MILLION)
9.4.2 SOUTH AFRICA: AFRICA RIDE SHARING MARKET, BY VEHICLE TYPE, 2018–2027 (USD MILLION)
9.4.3 SOUTH AFRICA: AFRICA RIDE SHARING MARKET, BY BUSINESS MODEL, 2018–2027 (USD MILLION)
9.5 KENYA
9.5.1 KENYA: AFRICA RIDE SHARING MARKET, BY TYPE, 2018–2027 (USD MILLION)
9.5.2 KENYA: AFRICA RIDE SHARING MARKET, BY VEHICLE TYPE, 2018–2027 (USD MILLION)
9.5.3 KENYA: AFRICA RIDE SHARING MARKET, BY BUSINESS MODEL, 2018–2027 (USD MILLION)
9.6 TANZANIA
9.6.1 TANZANIA: AFRICA RIDE SHARING MARKET, BY TYPE, 2018–2027 (USD MILLION)
9.6.2 TANZANIA: AFRICA RIDE SHARING MARKET, BY VEHICLE TYPE, 2018–2027 (USD MILLION)
9.6.3 TANZANIA: AFRICA RIDE SHARING MARKET, BY BUSINESS MODEL, 2018–2027 (USD MILLION)
9.7 UGANDA
9.7.1 UGANDA: AFRICA RIDE SHARING MARKET, BY TYPE, 2018–2027 (USD MILLION)
9.7.2 UGANDA: AFRICA RIDE SHARING MARKET, BY VEHICLE TYPE, 2018–2027 (USD MILLION)
9.7.3 UGANDA: AFRICA RIDE SHARING MARKET, BY BUSINESS MODEL, 2018–2027 (USD MILLION)
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPETITIVE BENCHMARKING
10.3 MARKET SHARE ANALYSIS
10.4 KEY DEVELOPMENTS IN THE RIDE SHARING MARKET
10.4.1 PRODUCT LAUNCH
10.4.2 PARTNERSHIP
11 COMPANY PROFILES
11.1 UBER TECHNOLOGIES INC.
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGIES
11.2 LYFT INC.
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGIES
11.3 DIDI CHUXING TECHNOLOGY CO.
11.3.1 COMPANY OVERVIEW
11.3.2 FINANCIAL OVERVIEW
11.3.3 PRODUCTS OFFERED
11.3.4 KEY DEVELOPMENTS
11.4 BOLT TECHNOLOGY OÜ
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 SWOT ANALYSIS
11.4.6 KEY STRATEGIES
11.5 INDRIVER
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS OFFERED
11.5.4 KEY DEVELOPMENTS
11.6 GRAB
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGIES
11.7 GETT
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS OFFERED
11.7.4 KEY DEVELOPMENTS
11.8 OLA CABS
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS OFFERED
11.8.4 KEY DEVELOPMENTS
11.8.5 SWOT ANALYSIS
11.8.6 KEY STRATEGIES
11.9 M CAR EGYPT
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS OFFERED
11.9.4 KEY DEVELOPMENTS
11.9.5 SWOT ANALYSIS
11.9.6 KEY STRATEGIES
11.10 HALAN INC.
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS OFFERED
11.10.4 KEY DEVELOPMENTS

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Companies Mentioned

Uber Technologies Inc., Lyft Inc., Didi Chuxing Technology Co., Bolt, inDriver, Grab, Gett, Ola Cabs, M Car Egypt, and Halan Inc.

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