Introduction of the GCC Ride Hailing Industry Report

Ride-hailing is when a rider “hails” or hires a personal driver for transportation. Ride-hailing refers to an act when a customer orders a customized ride online, usually via a smartphone application. As opposed to ride-sharing, the driver generally does not make any stops between the starting point and destination. In addition, there is a third party that mediates the service between the driver and the passenger. Ride-hailing is generating major public demand owing to several advantages such as sound navigation, traffic information, convenient payment options, customer-friendly feedback, and tracking facilities.

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Market Dynamic

Key Drivers and Emerging Trends

Ride-hailing platforms such-as UBER service offer service suppliers more flexible work conditions for the drivers and provides financial security, which has helped the platform in gaining the number of drivers, thus leading to the growth of the market.  Ride hailing service providers come up with added options such as driver reviews, e-transaction, location tracking and sharing as well as other value-based rides such as rental facilities and car micro-mobility. These techniques and services have revolutionized the passenger traveling experience, thereby boosting the overall growth of the GCC ride handling market share.

Innovations in connected & automatic vehicles to reduce CO2 emission and a significant rise in sales of these vehicles for the use of ride-hailing services is further expected to propel market growth. According to the International Telecommunication Union, approximately 81% of the population in developing countries like UAE uses the internet, which has compelled the GCC ride-hailing market to grow at a healthy pace.

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Data Service – Segment Analysis

Based on the data service, navigation segment is expected to grow at a higher CAGR in the GCC ride-hailing market over the forecast period. Google maps platform helps ride-hailing services in improving the drivers’ efficiency and managing time. It also presents directions to the drivers, thus helping the driver to concentrate on the driving.

Service – Segment Analysis

Based on the service, car sharing segment is expected to grow at a higher CAGR in the GCC ride-hailing market over the forecast period. Companies like Uber Technologies Inc. have a strong presence in the region and have expanded the industry in the region, which has boomed the market growth. With a host of benefits like – no peak on Prime & Mini, free airport lounge access, priority booking allocation & more, services are being offered by OLA, which has driven the growth of the segment.

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Country – Segment Analysis:

Based on the country, Dubai is expected to dominate the global due to the rapid expansion of Dubai’s spatial landscape and population growth. There is a constant demand for complex expansion and improvements in Dubai’s transportation network and infrastructure, which has significantly improved the ride-hailing platforms. Furthermore, a strategic initiative by the UAE govt. passed in 2017 for maintaining the sustainable transportation systems and providing first class services to all stakeholders has further surged the GCC ride-hailing market’s growth.

Segments covered in the Report:

The GCC ride hailing market has been segmented on the basis of data service, vehicle type, service, vehicle connectivity, and countries. Based on data service, the market is segmented into navigation, information, payment and others. Based on vehicle type, the market is segmented into four wheelers, electric vehicles, internal combustion vehicles, micro mobility, e-bike, e-scooter, and e-motorcycle. Based on service, the market is segmented into car sharing, traditional car sharing, P2P car sharing, corporate car sharing, station-based mobility, and car rental. Based on vehicle connectivity the market is segmented into V2V, V2I, V2P, and V2N. 

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Key questions answered in this research report:

• • At what pace is GCC ride hailing market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in GCC ride hailing market? What will be the impact of drivers and restraints in the future?
  • Which data service generated maximum revenues in 2019 and identify the most promising data service during the forecast period?
  • What are the various vehicle type areas of GCC ride hailing market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Data Service, By Vehicle Type, By Service, By Vehicle Connectivity, By Countries
Regional Coverage	GCC
Companies Profiled	Profiles of Top 10 Major Companies Operating in “GCC Ride Hailing Market”
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

 GCC Ride Hailing Market by Data Service

• • Chemical Control Services
  • Mechanical Control Services
  • Others

 GCC Ride Hailing Market by Vehicle Type

• • Rodent Control
  • Insect Control
  • Others

 GCC Ride Hailing Market by Service

• • Chemical
  • Biological
  • Mechanical

 GCC Ride Hailing Market by Vehicle Connectivity

• • Residential
  • Commercial
  • Agricultural

 GCC Ride Hailing Market by Countries

• • UAE Ride Hailing Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Ride Hailing Market All-Up (Option 2: Free 25% Customization)
  • Oman Ride Hailing Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Ride Hailing Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Ride Hailing Market All-Up (Option 5: Free 25% Customization)