BASINGSTOKE, England, Dec 13 (Bernama-BUSINESS WIRE) — A new study by Juniper Research has found ride sharing spending by consumers globally will exceed $937 billion by 2026, comparable to 50 times the combined annual revenue of Transport for London, New York City’s MTA, and Beijing Metro in 2021. This spend represents an increase from $147 billion in 2021 and total growth of 537% over the next 5 years.
The concept of ride sharing involves users accessing single-occupancy and shared carpool-style services provided by private drivers operating their own vehicles; coordinated by platforms such as Lyft and Uber.