Middle East and Africa Ride-Hailing Service Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Service Type (E-hailing, Car Sharing, Car Rental, and Station-based Mobility), Vehicle Type (Two-Wheeler, Three-Wheeler, Four-Wheeler, and Others), Location (Urban and Rural), and End-User (Institutional and Personal)

TIPRE00026659 | Pages: 101 | Automotive and Transportation | Jan 2022 | Type: Regional | Status: Published

Market Introduction

The Gulf countries are economically developed countries, whereas the African countries are yet to match up to the economic conditions of the Gulf countries and lag far behind. The commercial travelers, as well as tourism and religious travelers, are driving the demand for cabs in the Middle East & Africa region, owing to the region's developing business prospects. According to a report issued in March 2019 by the United Nations World Tourism Organization, the Middle East & Africa region had a 10% increase in international tourists in 2018, with about 87 million arriving in the region. In certain Middle Eastern countries, the huge cultural history, global connectivity, developed infrastructure, and business tourism are attracting a diversified tourist base. Saudi Arabia, Egypt, and the United Arab Emirates, for example, are the nations in the region that international tourists prefer, and major ride-hailing companies are spending heavily in these countries to meet the surging demand. Moreover, growing investments by the government of Saudi Arabia in infrastructure development to promote the travel and tourism sector has significantly increased the number of commercial spaces such as malls, resorts, hotels, restaurants, and tourist attractions in the country. This, in turn, is anticipated to drive the ride-hailing service market in the coming years. The African region is expected to witness substantial investments in infrastructure development owing to rapid urbanization and population growth in the coming years. Subsequently, the increasing number of airports, hospitals, ports, and commercial spaces across popular cities is expected to fuel the demand for ride-hailing service in the region.

Middle East & Africa (MEA) comprises of South Africa, the UAE, Saudi Arabia, and other countries. South Africa recorded the highest number of COVID-19 cases in the Middle East & Africa region and is followed by Saudi Arabia and the UAE. The government and healthcare authorities have enforced social distancing norms and restrictions that have limited the use of ride-hailing services for daily commutes. People have been forced to follow social distancing measures as a result of the increased risk of contamination associated with public transportation during the lockdown. Customers are becoming more interested in personal vehicles, which is impacting the ride-hailing service industry in 2020. Regardless of previous projections for steady growth of the ride-hailing service market in the MEA due to escalating development of commercial and residential buildings, corporate offices, and travel and tourism industry to enhance the implementation of mobility-as-a-service, the imposition of travel restrictions and social distancing norms in Saudi Arabia and the UAE are limiting the ride-hailing service market growth to a certain extent. However, after the pandemic, ride-hailing service market will very certainly surge.


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Market Overview and Dynamics

The ride-hailing service market in Middle East & Africa is expected to grow US$ 4,052.97 million in 2021 to US$ 7,415.76 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2021 to 2028. Finance, fuel, upkeep, registration/taxes, and maintenance & repair, as well as depreciation, all contribute to the cost of owning a car. The expense of owning a vehicle rises year after year. Fuel prices and maintenance expenses have risen dramatically in recent years, and the trend is expected to continue without any decline. Owning a car has become more of a liability than an asset as cities become increasingly congested with people and cars. As the millennial generation has little to no interest in owning a car, the percentage of people aged 18 to 35 who own a car has decreased over time. Other factors contributing to the fall in car ownership include poor public transportation connectivity in major cities and the growing popularity of internet shopping, among others. Though car ownership increased during the pandemic, it is anticipated to decline after 2021, returning to pre-pandemic levels. As a result, ride-hailing service providers can profit from these demographics, as the new tech-savvy generation is one of the most active users of these services.

Key Market Segments

In terms of service type, the E-hailing segment accounted for the largest share of the Middle East & Africa ride-hailing service market in 2020. In terms of vehicle type, the four-wheeler segment accounted for the largest share of the Middle East & Africa ride-hailing service market in 2020. In terms of location, the urban segment accounted for the largest share of the Middle East & Africa ride-hailing service market in 2020. In term of end-user, institutional segment held a larger market share of the ride-hailing service market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the ride-hailing service market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Daimler AG; Delphi Technologies Plc.; Didi Global Inc. Uber Technologies Inc.; and Gett among others.

Reasons to buy report

  • To understand the Middle East & Africa ride-hailing service market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Middle East & Africa ride-hailing service market
  • Efficiently plan M&A and partnership deals in Middle East & Africa ride-hailing service market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East & Africa ride-hailing service market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East & Africa region.

 

Middle East & Africa Ride-Hailing Service Market Segmentation

 

Middle East & Africa Ride-Hailing Service Market – By Service Type

  • E-hailing
  • Car Sharing
  • Car Rental
  • Station-based Mobility

Middle East & Africa Ride-Hailing Service Market – By Vehicle Type

  • Two-Wheeler
  • Three-Wheeler
  • Four-Wheeler
  • Others 

Middle East & Africa Ride-Hailing Service Market – By Location

  • Urban
  • Rural

Middle East & Africa Ride-Hailing Service Market – By End-User

  • Institutional
  • Personal

Middle East & Africa Ride-Hailing Service Market – By Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA     

Middle East & Africa Ride-Hailing Service Market – Companies Mentioned

  • Daimler AG          
  • Delphi Technologies Plc.                                                                                      
  • Uber Technologies Inc.                                                                                           
  • Gett                                                                                                                                       
  • Didi Global Inc.

Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Middle East & Africa Ride-Hailing Service Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           Middle East & Africa Ride-Hailing Service Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Elevating Trend of On-Demand Transportation Services

5.1.2        Raising Cost of Vehicle Ownership

5.2         Market Restraints

5.2.1        Modified Transport Policies of Different Countries and Resistance from Traditional Transport Services

5.3         Market Opportunities

5.3.1        Beginning of Autonomous Ride Sharing

5.4         Future Trends

5.4.1        Burgeoning Trend of Mobility-as-a-Service

5.5         Impact Analysis of Drivers and Restraints

6.           Middle East & Africa Ride-Hailing Service Market Analysis

6.1         Market Overview

6.2         Middle East & Africa Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

7.           Middle East & Africa Ride-Hailing Service Market Analysis – By Service Type

7.1         Overview

7.2         Middle East & Africa Ride-Hailing Service Market, By Service Type (2020 and 2028)

7.3         E-hailing

7.3.1        Overview

7.3.2        E-hailing: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Car Sharing

7.4.1        Overview

7.4.2        Car Sharing: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Car Rental

7.5.1        Overview

7.5.2        Car Rental: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

7.6         Station-based Mobility

7.6.1        Overview

7.6.2        Station-based Mobility: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

8.           Middle East & Africa Ride-Hailing Service Market – By Vehicle Type

8.1         Overview

8.2         Middle East & Africa Ride-Hailing Service Market, By Vehicle Type (2020 and 2028)

8.3         Two-Wheeler

8.3.1        Overview

8.3.2        Two-Wheeler: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Three-Wheeler

8.4.1        Overview

8.4.2        Three-Wheeler: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Four-Wheeler

8.5.1        Overview

8.5.2        Four-Wheeler: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

8.6         Others

8.6.1        Overview

8.6.2        Others: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

9.           Middle East & Africa Ride-Hailing Service Market – By Location

9.1         Overview

9.2         Middle East & Africa Ride-Hailing Service Market, By Location (2020 and 2028)

9.3         Urban

9.3.1        Overview

9.3.2        Urban: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Rural

9.4.1        Overview

9.4.2        Rural: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

10.        Middle East & Africa Ride-Hailing Service Market – By End-User

10.1      Overview

10.2      Middle East & Africa Ride-Hailing Service Market, By End-User (2020 and 2028)

10.3      Institutional

10.3.1     Overview

10.3.2     Institutional: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

10.4      Personal

10.4.1     Overview

10.4.2     Personal: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

11.        Middle East & Africa Ride-Hailing Service Market –Country Analysis

11.1      Overview

11.1.1     Middle East & Africa: Ride-Hailing Service Market- By Key Country

11.1.1.1       South Africa: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.1       South Africa: Ride-Hailing Service Market- By Service Type

11.1.1.1.2       South Africa: Ride-Hailing Service Market- By Vehicle Type

11.1.1.1.3       South Africa: Ride-Hailing Service Market- By Location

11.1.1.1.4       South Africa: Ride-Hailing Service Market- By End-User

11.1.1.2       Saudi Arabia: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1       Saudi Arabia: Ride-Hailing Service Market- By Service Type

11.1.1.2.2       Saudi Arabia: Ride-Hailing Service Market- By Vehicle Type

11.1.1.2.3       Saudi Arabia: Ride-Hailing Service Market- By Location

11.1.1.2.4       Saudi Arabia: Ride-Hailing Service Market- By End-User

11.1.1.3       UAE: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.1       UAE: Ride-Hailing Service Market- By Service Type

11.1.1.3.2       UAE: Ride-Hailing Service Market- By Vehicle Type

11.1.1.3.3       UAE: Ride-Hailing Service Market- By Location

11.1.1.3.4       UAE: Ride-Hailing Service Market- By End-User

11.1.1.4       Rest of MEA: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.4.1       Rest of MEA: Ride-Hailing Service Market- By Service Type

11.1.1.4.2       Rest of MEA: Ride-Hailing Service Market- By Vehicle Type

11.1.1.4.3       Rest of MEA: Ride-Hailing Service Market- By Location

11.1.1.4.4       Rest of MEA: Ride-Hailing Service Market- By End-User

12.        Impact of COVID-19 Pandemic on Middle East & Africa Ride-Hailing Service Market

12.1      Overview

13.        Middle East & Africa Ride-Hailing Service Market-Industry Landscape

13.1      Overview

13.2      Market Initiative

14.        Company Profiles

14.1      Daimler AG

14.1.1     Key Facts

14.1.2     Business Description

14.1.3     Products and Services

14.1.4     Financial Overview

14.1.5     SWOT Analysis

14.1.6     Key Developments

14.2      Delphi Technologies Plc

14.2.1     Key Facts

14.2.2     Business Description

14.2.3     Products and Services

14.2.4     Financial Overview

14.2.5     SWOT Analysis

14.2.6     Key Developments

14.3      DiDi Global Inc.

14.3.1     Key Facts

14.3.2     Business Description

14.3.3     Products and Services

14.3.4     Financial Overview

14.3.5     SWOT Analysis

14.3.6     Key Developments

14.4      Gett

14.4.1     Key Facts

14.4.2     Business Description

14.4.3     Products and Services

14.4.4     Financial Overview

14.4.5     SWOT Analysis

14.4.6     Key Developments

14.5      Uber Technologies Inc.

14.5.1     Key Facts

14.5.2     Business Description

14.5.3     Products and Services

14.5.4     Financial Overview

14.5.5     SWOT Analysis

14.5.6     Key Developments

15.        Appendix

15.1      About The Insight Partners

15.2      Word Index

 

 

LIST OF TABLES

Table 1.             Middle East & Africa Ride-Hailing Service Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2.             Middle East & Africa: Ride-Hailing Service Market- By Key Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             South Africa: Ride-Hailing Service Market- By Service Type –Revenue and Forecast to 2028 (US$ Million)

Table 4.             South Africa: Ride-Hailing Service Market- By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 5.             South Africa: Ride-Hailing Service Market- By Location –Revenue and Forecast to 2028 (US$ Million)

Table 6.             South Africa: Ride-Hailing Service Market- By End-User –Revenue and Forecast to 2028 (US$ Million)

Table 7.             Saudi Arabia: Ride-Hailing Service Market- By Service Type –Revenue and Forecast to 2028 (US$ Million)

Table 8.             Saudi Arabia: Ride-Hailing Service Market- By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 9.             Saudi Arabia: Ride-Hailing Service Market- By Location –Revenue and Forecast to 2028 (US$ Million)

Table 10.          Saudi Arabia: Ride-Hailing Service Market- By End-User –Revenue and Forecast to 2028 (US$ Million)

Table 11.          UAE: Ride-Hailing Service Market- By Service Type –Revenue and Forecast to 2028 (US$ Million)

Table 12.          UAE: Ride-Hailing Service Market- By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 13.          UAE: Ride-Hailing Service Market- By Location –Revenue and Forecast to 2028 (US$ Million)

Table 14.          UAE: Ride-Hailing Service Market- By End-User –Revenue and Forecast to 2028 (US$ Million)

Table 15.          Rest of MEA: Ride-Hailing Service Market- By Service Type –Revenue and Forecast to 2028 (US$ Million)

Table 16.          Rest of MEA: Ride-Hailing Service Market- By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 17.          Rest of MEA: Ride-Hailing Service Market- By Location –Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of MEA: Ride-Hailing Service Market- By End-User –Revenue and Forecast to 2028 (US$ Million)

Table 19.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           Middle East & Africa Ride-Hailing Service Market Segmentation

Figure 2.           Middle East & Africa Ride-Hailing Service Market Segmentation – By Country

Figure 3.           Middle East & Africa Ride-Hailing Service Market Overview

Figure 4.           E-Hailing Segment is Growing with Highest CAGR in 2020

Figure 5.           Four-Wheeler Held the Largest Market Share in 2020

Figure 6.           Middle East & Africa Ride-Hailing Service Market, By Country

Figure 7.           Middle East & Africa – PEST Analysis

Figure 8.           Middle East & Africa Ride-Hailing Service Market– Ecosystem Analysis

Figure 9.           Expert Opinions

Figure 10.        Middle East & Africa Ride-Hailing Service Market: Impact Analysis of Drivers and Restraints

Figure 11.        Middle East & Africa Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Middle East & Africa Ride-Hailing Service Market Revenue Share, by Service Type (2020 and 2028)

Figure 13.        E-hailing: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Car Sharing: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Car Rental: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Station-based Mobility: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Middle East & Africa Ride-Hailing Service Market Revenue Share, By Vehicle Type (2020 and 2028)

Figure 18.        Two-Wheeler: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Three-Wheeler: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Four-Wheeler: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Others: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Middle East & Africa Ride-Hailing Service Market Revenue Share, by Location (2020 and 2028)

Figure 23.        Urban: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Rural: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Middle East & Africa Ride-Hailing Service Market Revenue Share, by End-User (2020 and 2028)

Figure 26.        Institutional: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Personal: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Geographic Overview of Middle East & Africa Ride-Hailing Service Market

Figure 29.        Middle East & Africa: Ride-Hailing Service Market Revenue Share, By Key Country (2020 and 2028)

Figure 30.        South Africa: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Saudi Arabia: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        UAE: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33.        Rest of MEA: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34.        Impact of COVID-19 Pandemic in Middle East & Africa Country Markets

  1. Daimler AG        
  2. Delphi Technologies Plc.                                                                                      
  3. Uber Technologies Inc.                                                                                         
  4. Didi Global Inc.               
  5. Gett      
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa ride-hailing service market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa ride-hailing service market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the ride-hailing service market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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