Navigant Research Report Shows Global Revenue Generated by Ride-Hailing Services Is Expected to Reach Nearly $1.2 Trillion in 2026

Transportation network companies should focus on driving costs out
of their platforms to reach sustainable profitability

BOULDER, Colo.–(BUSINESS WIRE)–#Carsharing–A new report from Navigant
Research examines the global market for mobility as a service (MaaS)
solutions, including carsharing, ride-hailing, micro transit, automated
mobility, and peer-to-peer (P2P) rental services.

As more people move from rural areas to cities, an influx of personally
owned vehicles is contributing to issues such as congestion, air
quality, and traffic accidents. MaaS solutions can provide more
flexibility than mass transit while also enabling the replacement of
individually owned vehicles. Click
to tweet: According to a new report from @NavigantRSRCH,
global revenue generated by ride-hailing services is expected to grow to
almost $1.2 trillion in 2026.

“During the next decade, ride-hailing provided by human drivers will
lead services in the MaaS field, enabled by platform providers like
Uber, Lyft, Didi, and Ola,” says Sam Abuelsamid, senior research analyst
with Navigant Research. “The convenience of summoning a vehicle through
an app and paying electronically makes this service appealing and gives
it a distinct advantage over carsharing.”

However, while global ride-hailing services revenue will be enormous,
transportation network companies (TNCs) must drive a lot of cost out of
their platforms to reach sustainable profitability, something none have
done so far. According to the report, as automated driving supplants
human drivers, existing TNCs will find themselves challenged by services
provided directly by the companies that manufacture vehicles. There is
still significant room for growth before the MaaS market is saturated,
but low switching costs for riders are expected to make it a challenging
business.

The report, Mobility
as a Service, examines the global market for MaaS solutions such
as carsharing, ride-hailing, micro transit, automated mobility, and
peer-to-peer (P2P) rental services. The study provides an analysis of
the market issues, including drivers, challenges, and business and
operational models, associated with MaaS. Global market forecasts,
segmented by service and region, extend through 2026. The report also
examines the key technology issues related to MaaS, as well as the
competitive landscape. An Executive Summary of the report is available
for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Mobility as a Service, is a summary and reflects Navigant
Research’s current expectations based on market data and trend analysis.
Market predictions and expectations are inherently uncertain and actual
results may differ materially from those contained in this press release
or the report. Please refer to the full report for a complete
understanding of the assumptions underlying the report’s conclusions and
the methodologies used to create the report. Neither Navigant Research
nor Navigant undertakes any obligation to update any of the information
contained in this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]