U.S. Ride Sharing Market Size

U.S. Ride Sharing Market Size

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. Increasing government support and infrastructure development are driving market growth. Local and state governments are increasingly recognizing the role of ridesharing in urban mobility and are implementing policies to support its growth. Some cities also invest in infrastructure improvements, such as dedicated pick-up and drop-off zones for ridesharing vehicles and the development of EV charging stations, making it easier for both drivers and passengers to use these services.

In August 2024, The Biden-Harris Administration announced USD 521 million in grants to build electric vehicle (EV) charging and alternative-fueling infrastructure across 29 states. This new EV infrastructure will increase access and reliability to communities across the country and provides EV charging vehicles along designated highways, interstates, and major roadways. As governments push for more sustainable, efficient urban transportation, these supportive measures contribute significantly to the ride-sharing market growth.
 

Rapid urbanization across the U.S. is anticipated to drive market growth. As more people move to urban areas, the demand for convenient and efficient transportation solutions increases. Cities such as New York, Los Angeles, and San Francisco are seeing dense populations with limited parking and traffic congestion, making car ownership less practical. Ride-sharing services offer a flexible, cost-effective alternative, allowing residents to avoid the high costs and hassles of owning a vehicle. As urbanization continues, particularly in densely populated metropolitan areas, ride-sharing companies are well-positioned to meet the growing demand for smart, sustainable transportation solutions.