IMARC Group has published a market research report titled "GCC Ridesharing Market Report by Vehicle Type (Sedan, Van, Buses, Utility Vehicle, Coaches), Booking Type (Online, Offline), Commute Type (Intracity, Intercity), Service Type (Web Based, App Based, Web and App Based), and Country 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the GCC ridesharing market share. The market size is projected to exhibit a growth rate (CAGR) of 15.3% during 2024-2032.
Ridesharing, also known as carpooling, is a transportation service where individuals share a car ride with others traveling in the same direction or to nearby destinations. It reduces the number of vehicles on the road by encouraging multiple passengers to share a single vehicle. It helps in alleviating traffic congestion during peak travel times in urban areas, resulting in smoother traffic flow and shorter commute times for everyone. It offers greater flexibility and convenience, particularly in areas with limited transportation infrastructure. It can encourage social interaction and community building by bringing people together. It provides safety features, such as driver background checks and global positioning system (GPS) tracking, to enhance overall safety for both passengers and drivers.
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GCC Ridesharing Market and Drivers
Presently, rapid urbanization is catalyzing the demand for convenient and efficient transportation solutions to reduce traffic congestion and longer commuting times. This, along with the growing number of car owners and rising costs associated with vehicles, including fuel, maintenance, and parking, represent one of the key factors driving the demand for ridesharing as a cost-effective alternative to owning a car for individuals seeking to reduce transportation expenses. In line with this, governing agencies in the GCC region are promoting ridesharing and other shared mobility solutions as part of efforts to reduce traffic congestion, improve air quality, and enhance urban mobility, which is supporting the market growth. Moreover, the rising number of smartphone users and mobile apps is increasing the adoption of ridesharing platforms as they offer user-friendly mobile applications that allow passengers to request rides, track drivers, and make payments seamlessly, thereby facilitating the growth of the market in the region. Apart from this, the employment of ridesharing services, as they help reduce carbon emissions and alleviate environmental impact by promoting vehicle sharing and reducing the number of cars on the road, is bolstering the growth of the market in the region.
Report Segmentation:
The report has segmented the market into the following categories:
Vehicle Type Insights:
- Sedan
- Van
- Buses
- Utility vehicle
- Coaches
Booking Type Insights:
- Online
- Offline
Commute Type Insights:
- Intracity
- Intercity
Service Type Insights:
- Web Based
- App Based
- Web and App Based
Country Insights:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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