Latest news with #RideHailing
South China Morning Post
08-07-2025
- Automotive
- South China Morning Post
80% of Hong Kong Uber drivers worried about quota and fees under new rules
Nearly 80 per cent of 4,800 Uber drivers polled in Hong Kong are worried that a strict quota or high licensing fees under coming new regulations for ride-hailing platforms will threaten their livelihoods. The results of the poll conducted by platform operator Uber in June were revealed on Tuesday, just days after Secretary for Transport and Logistics Mable Chan announced that a highly anticipated regulatory proposal would be submitted to the legislature before the end of the month Currently, it is illegal in Hong Kong for private vehicle drivers to accept paid customers without a hire-car permit, but ride-hailing platforms such as Uber, Tada, Amap, and Didi Chuxing operate such services without regulation. Amap is operated by Alibaba Group Holding, which also owns the South China Morning Post. These platforms, however, have faced objections from the city's taxi drivers, who have raised concerns about stiff competition and loss of earnings amid what they consider an unfair system. In January, the government said it planned to legalise ride-hailing platforms and open up the sector to all players, with a framework expected to be presented to lawmakers this year. 'Drivers are largely open to reasonable regulations that seek to enhance safety and professionalism. Sixty per cent of drivers think the most reasonable regulatory aspects are 'regular vehicle inspections' and 'obtaining ride-sharing driver or vehicle licenses',' Uber said in a statement.
Yahoo
03-07-2025
- Automotive
- Yahoo
$287.6 Bn Market Thrives on Urbanization, Digital Payments, and Smartphone Penetration with Leaders Like Uber, Lyft, and DiDi
The Ride Hailing Market, valued at USD 74.9 billion in 2025, is projected to grow at a CAGR of 16.1%, reaching USD 287.6 billion by 2034. Key players like Uber and Lyft drive this surge, fueled by smartphone penetration and digital payments. Electric vehicles, AI optimization, and regional expansions highlight future trends. Ride Hailing Market Dublin, July 03, 2025 (GLOBE NEWSWIRE) -- The "Ride Hailing Market Outlook 2025-2034" report has been added to Hailing Market is valued at USD 74.9 billion in 2025. Further the market is expected to grow by a CAGR of 16.1% to reach global sales of USD 287.6 billion in 2034The ride hailing market has become a cornerstone of urban mobility, transforming how people commute by providing flexible, app-based transportation solutions. With leading players like Uber, Lyft, DiDi, Ola, and Bolt, the industry offers an alternative to traditional taxis by enabling users to book rides on demand via smartphones. This market is supported by expanding smartphone penetration, digital payment adoption, and growing urban populations. Ride hailing services have evolved beyond basic transport, now offering features like carpooling, corporate packages, and integrated logistics. In both developed and emerging markets, the demand for convenient, cost-effective, and tech-enabled mobility is driving market expansion, making ride hailing one of the most dynamic segments in the global mobility 2024, the ride hailing market saw notable advancements shaped by technology integration, sustainability initiatives, and regulatory reforms. Companies ramped up efforts to electrify fleets, with partnerships formed between ride hailing platforms and EV manufacturers to support the transition. AI-powered algorithms improved route optimization and dynamic pricing, enhancing operational efficiency and user in cities like London, New York, and Singapore introduced new compliance measures, mandating background checks, licensing, and insurance standards for drivers. Meanwhile, super apps in Asia integrated ride hailing with food delivery, digital wallets, and healthcare services, strengthening user retention. Amid intense competition, pricing wars and regional market diversification became common as companies sought growth in untapped tier-2 and tier-3 ahead to 2025 and beyond, the ride hailing market is expected to deepen its integration with autonomous vehicle testing and micro-mobility services. Major players are likely to invest in Level 4 autonomous technology to reduce dependence on human drivers and improve margins. The sector may also see further convergence with public transit systems, offering multi-modal transportation options through unified policies will push operators to accelerate EV fleet adoption, while government subsidies and carbon credit schemes are anticipated to provide financial incentives. Additionally, rural expansion, voice-enabled ride booking, and the rise of subscription-based models could redefine user experiences. However, data privacy, labor rights, and profitability challenges will remain under scrutiny as the industry continues its rapid Insights Ride Hailing Market Increasing electrification of ride hailing fleets as platforms commit to sustainability goals and partner with EV manufacturers. Wider integration of ride hailing into super apps, combining transport with financial, retail, and food delivery services. Deployment of AI for real-time route optimization, customer service automation, and personalized promotions. Expansion into tier-2 and tier-3 cities as urban saturation leads players to explore less-competitive markets. Introduction of ride hailing subscriptions and corporate mobility services offering bundled packages and loyalty perks. Urbanization and traffic congestion driving demand for flexible, shared transportation options over car ownership. Growing smartphone and internet penetration enabling seamless access to app-based ride booking services. Shift in consumer preferences toward contactless payments, real-time tracking, and app-based convenience. Government support for smart mobility and EV adoption, especially through incentives and policy frameworks. Rising regulatory pressure around driver employment rights, data protection, and operational transparency poses challenges for profitability and scalability across diverse geographies. Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $74.9 Billion Forecasted Market Value (USD) by 2034 $287.6 Billion Compound Annual Growth Rate 16.1% Regions Covered Global Companies Featured Daimler AG Denso Corporation Uber Technologies Inc. Didi Chuxing Technology Co. Ltd. Aptiv plc LLC Grab Holdings Inc. Bolt Technology OU Lyft Inc. Careem Networks FZ LLC PT Gojek Indonesia TomTom N.V. inDriver Holdings Inc. Swvl Holdings Corp. ANI Technologies Pvt. Ltd. Addison Lee Ltd. DBDOYC Inc. Yassir Inc. Comuto company Gett Inc. VOXTUR SAS Kaptyn Inc. Pathao Ltd. RideCell Inc. RydenGo Shebah Pty Ltd. Beijing Xiaoju Technology Co. Ltd. Neutron Holdings Inc. Maxi Mobility S.L. Ziro Ltd Ride Hailing Market Segmentation By Vehicle Type Three Wheeler Four Wheeler Other Vehicle Types By Service Type Car Sharing Station based Mobility Car Rental By End-user Personal By Geography North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA) For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Ride Hailing Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Reuters
09-06-2025
- Business
- Reuters
Indian ride-hailing platform Rapido ventures into food delivery, document shows
June 9 (Reuters) - Rapido is entering the food delivery segment with a new platform that charges restaurants a fixed fee, a document seen by Reuters showed on Monday, as the Indian ride-hailing platform looks to compete with Swiggy ( opens new tab and Eternal's ( opens new tab Zomato. (This story has been refiled to add the source in the headline)
Zawya
20-05-2025
- Business
- Zawya
South Africa: Bolt's new feature tracks flights and adjusts airport pick-up times
Bolt South Africa has introduced 'Flight Tracking for Scheduled Rides', enabling customers to sync their flight details when scheduling an airport pick-up. If a flight is delayed or cancelled, Bolt will automatically adjust the pick-up time or cancel the ride at no extra cost to the customer. To schedule a ride, customers simply tap the 'Schedule' button on the home screen next to the destination search bar. After entering their arrival airport and destination, they can select 'Add flight details' to input their flight's landing date, airline, flight number, or departure city. Customers will also be prompted to choose how many minutes after landing they wish to be picked up allowing Bolt to reschedule the ride automatically based on any flight updates. Lerato Motsoeneng, senior general manager at Bolt, says, 'Bolt is an official ride-hailing partner at more than 30 airports globally, including OR Tambo International Airport (JNB), Cape Town International Airport (CPT), King Shaka International Airport (DUR), Lanseria International Airport (HLA), and Port Elizabeth Airport (PLZ). This allows customers to travel directly from Arrivals without the need to find separate pick-up points. With Flight Tracking for Scheduled Rides, our private and Bolt Business customers can now enjoy peace of mind knowing their ride will adjust if their flight is delayed or cancelled at no extra charge. This means less time spent waiting at the airport and more reliable, seamless travel regardless of the hour.' The new feature follows last year's extension of Bolt's ride scheduling window to 90 days. In South Africa, Bolt Business continues to grow steadily, offering companies a convenient and cost-effective solution to manage employee and client transportation. Businesses benefit from scheduled rides, centralised billing, and detailed reporting all while using the same trusted Bolt platform. With growing demand for reliability in corporate travel, Flight Tracking enhances Bolt Business' value proposition, particularly at major South African airports. Bolt is seeing a sharp rise in advance ride bookings, with its Ride Scheduling feature recording a 275% increase in usage locally. Given that airports are the most popular destination for Bolt trips, Bolt aims to make it even easier for customers to spot pick-up areas, which will help limit waiting time for airport pick-ups by matching a customer's trip with the next available driver partner in the airport's ride-hailing queue. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
