The on-demand ridesharing business has provided great convenience to people. When a person wants to go from one place to another, he doesn’t have to wait around to find a cab. Instead, he can book from the best rideshare apps right from his phone and relax! The cab arrives on time and takes the person to his destination.
Since smartphones are owned by the majority of people, on-demand services such as taxi booking, food ordering, etc., have seen a major surge in the last five years.
Ride Sharing Market Stats
The global ride-sharing market is expected to reach USD 185.1 billion in 2026 . Also, more and more people are moving to cities, which also increases the demand for on-demand ride sharing apps.
Venture Into the Ride Sharing Business
Are you an entrepreneur looking to venture into the ride sharing business? Well, now’s the right time to do so. Although there are big competitors in the market, small competitors have made quite a progress in the industry. To make a name in the ride sharing business, you must take notes on what your competitors are doing and what factors contribute to their success.
Let’s see which are the top ride sharing apps of 2022:
Uber: Lower Cost Option on Ride Share
Uber needs no introduction! Uber created a storm in the industry by bringing in a fresh concept. The company is headquartered in San Francisco and has around 110 million users worldwide. Uber also introduced “UberPool,” which allows people having the same destination to travel together and pay less. Get an in-depth Analysis of a Huge Revenue Model of Uber.
For riders, Uber provides features such as multiple payment modes, scheduling rides in advance, multiple drop-off points for a group of riders, split fares between the group, etc. Drivers enjoy features like a passenger rating system, special provision for hearing-impaired drivers, bonuses in certain cities
GoJek: Cheapest Ride Service
GoJek is active in 4 countries. It’s a platform consisting of 20 apps, which are used for connecting riders with drivers, allowing people to book motorbikes to go from one place to another, helping in moving heavy items, delivers food and other goods.
The great thing about GoJek is that it provides health insurance for all drivers. From time to time, it offers special promotions and discounts for drivers on groceries and fuel. That’s not all; GoJek provides free training to drivers to learn English and other life-changing skills.