U.S. Ride Sharing Market
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The U.S. ride sharing market size was valued at USD 28.5 billion in 2024 and is estimated to register a CAGR of 6.9% between 2025 and 2034. The support from the government and the enhancement of the infrastructure are positively impacting the development of the market. The ridesharing contract is also considered a solution for urban transportation, and so local and state authorities enact ridesharing policies to foster its growth.
Other cities are also allocating resources to improving the infrastructure for the ridesharing providers by creating drop-off and pick-up zones and charging stations for electric vehicles, thereby lowering the bar for the drivers and passengers.
Report Attribute | Details |
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Base Year: | 2024 |
U.S. Ride Sharing Market size in 2024: | USD 28.5 Billion |
Forecast Period: | 2025 – 2034 |
Forecast Period 2023 - 2032 CAGR: | 6.9 |
2023 Value Projection: | USD 55 Billion |
Historical Data for: | 2021 – 2024 |
No of Pages: | 180 |
Tables, Charts & Figures: | 200 |
Segments Covered: | Business Model, Propulsion, Booking Mode, Commute, Vehicle |
Growth Drivers: |
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Pitfalls Challenges: |
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The Biden-Harris Administration, through the National Association of State Energy Officials, the US Department of Energy, and the Department of Energy, announced USD 521 million in grants for 29 states for the construction of electric vehicle charging stations and alternative fuels infrastructure in August of 2024. The new EV infrastructure will enhance communities across the country by improving access and building stations along highways, interstates, and major roads. Welfare measures such as these serve to offer governments the ability to advocate for more sustainable urban transport, thus further aiding the growth of the ridesharing market.
The estimated rapid urbanization that America is subject to is expected to boost the ridesharing market. The increasing number of people in urban areas translates into an increasing need for effective modes of transportation. At the same time, New York, Los Angeles, and San Francisco are characterized by heavy populations relative to small space and congestion, which prevents car ownership from being a viable option.
An alternative to this is the ride-sharing services, which don’t require one to own separate vehicles and make economic sense. As the extent of urbanization expands, particularly in overpopulated cities, ridesharing businesses will only flourish as effective smart transport options are in demand.
Based on booking mode, the market is divided into online and offline. In 2024, the online segment held a U.S. ride sharing market share of over 85% and is expected to cross USD 49.5 billion by 2034.
Based on commute, the U.S. ride sharing market is categorized into intracity and intercity. The intracity segment held a market share of around 85% in 2024.
California dominated the U.S. ride sharing market with a major share of over 20% in 2024 and the California leads the market in the region.
In the U.S., Uber and Lyft have more than 40% market share in the ride-sharing industry.
Major players operating in the U.S. ride sharing industry include:
Intense competition exists in the U.S. ride sharing market as key players fight for dominance and name recognition in the industry across the globe as well as locally due to changing customer needs, new policy implementation, and a greater embrace of modern technologies. Global corporations lead in this market by providing integrated platforms for ride services, which involve ridesharing, integration of electric vehicles, and the cross-selling of pooling and micro-mobility services.
The use of electric and self-driving cars is having an impact on ride-hailing in the U.S. Ridesharing businesses are starting to replace their regular cars with electric vehicles to meet new regulations and for environmental reasons. Moreover, future ride-sharing concepts are being developed as autonomous vehicle technology advances, and self-driving cars are being aimed at being sold commercially by the industry leaders in partnership with technology providers and automotive manufacturers.
In July 2024, Uber Technologies and BYD revealed a partnership aimed at adding 100,000 new BYD electric vehicles to the Uber platform. This collaboration is expected to provide Uber drivers with access to competitive pricing and financing options for BYD vehicles.
In July 2024, Triple J acquired Stroll to expand its ridesharing offerings. This strategic move will create a new division operating under the Stroll name, further strengthening Triple J’s diverse portfolio and reinforcing its commitment to delivering innovative transportation solutions.
Market, By Business Model
Market, By Propulsion
Market, By Booking Mode
Market, By Commute
Market, By Vehicle
The above information is provided for the following regions and countries:
The key players in the industry include Bird Rides, Bolt, Chariot, Curb Mobility, Gett, Gogoro, inDriver, Lyft, Uber, and Wingz.
The California market accounted for 20% of the revenue share in 2024, supported by the state's progressive transportation policies and commitment to clean energy.
The intracity segment captured around 85% market share in 2024, led by the increasing demand for affordable and flexible transportation solutions in urban areas.
The market size for ride-sharing in U.S. reached USD 28.5 billion in 2024 and is set to grow at a 6.9% CAGR from 2025 to 2034, driven by increasing government support and infrastructure development.