Online car HailingStrategy Analytics

The global car Hailing market is expected to recover by the end of 2022 From Strategy Analytics

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Strategy Analytics has tracked more than 140 operators in 119 different countries, and released the global online car Hailing market update and related global online car Hailing market forecast for the first half of 2021. In 2020, it will be extremely difficult for online car Hailing operators in various regions, and the global total revenue (total pre orders) of the whole industry will drop by 18%.

Uber announced on April 12 that its total bookings for March 2021 will reach a new high. It is obvious that the rebound of the industry is near, but the market will change forever, as many operators have turned to the express / take out industry and regard it as the key to long-term growth.

In the first half of 2020, with the outbreak of cowid-19 sweeping the world, global online car Hailing companies are struggling to cope with it, and the number of online car Hailing companies such as Uber, LYFT, bolt, careem, Didi, free now, grab, gojek, Ola, yandex, etc. will drop sharply. Major online car Hailing operators have carried out large-scale layoffs, a new round of financing and epidemic related initiatives, such as medical transportation, food, groceries and parcel express.

According to the latest research report “global car Hailing service market update in the first half of 2021: global car Hailing operators are facing a difficult macroeconomic environment” released by strategy analytics, the number of active drivers of global car Hailing service will grow at a compound annual growth rate of 9.8% in the next 10 years, and the global market is expected to recover at the end of 2022.

“Despite the impending recovery, Uber, Didi, grab, yandex and other global operators will have a very different development in the future, because they are all seeking to consolidate their market dominance and resist regional competitors,” said Roger C. Lanctot, director of automotive Internet travel services at strategy analytics. Meal delivery is a focus because it promotes the development of multi-purpose payment and financial applications. “

“The short-term shift to food, groceries, drugs and parcel delivery has clearly paid off, but driver supply is a problem – while operators are coping with the historical demand for meal delivery services, travel demand will grow from 2021 to 2022,” added Ben Lundin, an industry analyst at strategy analytics automotive Internet travel services

More reading: strategy Analytics: it is predicted that the global online car Hailing market will exceed US $200 billion in 2023. China Association of automobile dealers: the monthly living scale of online car Hailing market users will reach 94.6 million in November 2020. Strategy Analytics: in 2019, Q2 global Tablet PC shipment volume and market share will rise after the market slump in 2020, Global online car Hailing market is expected to rebound CICC: space and development track of online car Hailing market (with download) Sina science and technology: comparison of online car Hailing safety functions in 2019 yft:4Q Figure 3q20 Revenue $3.1 billion year-on-year decline 18% online car hailing in the United States: 24% – 43% of the population use this service is Uber a combination of didi and meituan? Analysis on demand characteristics of electric car Hailing products

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