GCC Ride Hailing Market Research Report

GCC Ride-Hailing Market:

Growth opportunities in the GCC ride-hailing market look promising over the next six years. This is mainly due to more flexible work conditions for the drivers, innovations in connected & automatic vehicles to reduce CO2 emission, and provision of financial security.

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GCC Ride-Hailing Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The ride-hailing platforms like UBER provide the service suppliers financial security and more flexible work conditions, helping the platform to procure a large number of drivers, thus stimulating the growth of the GCC ride-hailing market. Also, these service providers present many added options, which include e-transaction, driver reviews, tracking and sharing of location, and other value-based offers including rental and car micro-mobility facilities. All these techniques have transformed the traveling experience of passengers, thus strengthening the market size.

As per the ride-hailing market trends, the ongoing innovations in connected & automatic vehicles to decrease CO2 emission and a major boost in sales of these vehicles to use the ride-hailing services will further drive the market growth. In accordance with the International Telecommunication Union, nearly 81% of the population in emerging countries like the UAE uses the internet, which has promoted market growth.

Data Service Segment Drivers

Based on the data service, navigation is predicted to witness a higher CAGR over the forecast period. Google maps platform supports ride-hailing services in improving the efficiency of drivers and managing time. It also displays directions to the drivers so that they can concentrate on driving.

Service Segment Drivers

Based on the service, the car-sharing segment is projected to expand at a faster CAGR over the forecast period. The significant prevalence of companies like Uber Technologies Inc. and expansion in the industry size has boomed the market growth. Moreover, the remarkable benefits like – no peak on Prime & Mini, priority booking allocation & more, free airport lounge access, and services offered by OLA are fuelling the market growth.

Country Drivers:

Based on the country, the UAE is projected to lead the market over the forecast period due to swift expansion in spatial landscape and population growth. Moreover, the constant demand for compound expansion and improvements in Dubai’s transportation network and infrastructure, has significantly enhanced the market growth. Moreover, strategic initiatives by the UAE govt. conveyed in 2017 to maintain the sustainable transportation systems and offer first class services to all stakeholders has augmented the market’s growth.

GCC Ride-Hailing Market Segmentation:

Segmentation by Data Service:

·         Chemical Control Services

·         Mechanical Control Services

·         Others

Segmentation by Vehicle Type:

·         Chemical Control Services

·         Mechanical Control Services

·         Others

Segmentation by Service:

·         Chemical

·         Biological

·         Mechanical

Segmentation by Vehicle Connectivity:

·         Residential

·         Commercial

·         Agricultural

Segmentation by Countries:

·         UAE

·         Saudi Arabia

·         Oman

·         Kuwait

·         Rest of GCC

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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