April 2025
The rickshaw ride-hailing service market is forecasted to expand from USD 5.98 billion in 2025 to USD 11.72 billion by 2034, growing at a CAGR of 7.76% from 2025 to 2034.
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The rickshaw ride-hailing service market is a crucial branch of the ride hailing industry. This market deals in providing rickshaw-based ride-hailing service around the globe. There are numerous types of transport used in this sector consisting of cycle rickshaw, motorcycle rickshaw, electric rickshaw and others. This industry provides several types of services including standard ride, luxury ride and shared ride. The rising urbanization in different parts of the world has driven the industrial expansion. This market is projected to rise significantly with the growth of electric vehicles industry across the world.
Metric | Details |
Market Size in 2024 | USD 5.55 Billion |
Projected Market Size in 2034 | USD 11.72 Billion |
CAGR (2025- 2034) | 7.76% |
Leading Region | Asia Pacific |
Market Segmentation | By Transport Type, By Service Type, By Service Type, By User Demographics and By Regional |
Top Key Players | GoJek, Uber, Grab, Kookaburra, Tuk Tuk Factory |
In January 2024, Prabhjeet Singh, the president of Uber India and South Asia announced that,” We are excited to expand our services to Ayodhya as it emerges on the travel map of millions. With this expansion, we are not only providing enhanced mobility options for tourists and pilgrims but also unlocking earning opportunities for many more in the region. We are committed to contributing to the city’s tourism, promoting a seamless travel experience and fostering sustainable economic growth.”
Asia Pacific held the highest share of the rickshaw ride-hailing service market. The growth of this region is attributed to the rapid urbanization in various countries such as India, China, Japan and some others. Also, the growing emphasis on reducing emission in the environment coupled with presence of several ride-hailing service providers has boosted the industrial expansion. Moreover, the rise in number of startup companies dealing in rickshaw-based ride hailing services is contributing to the industrial development in this region.
The rickshaw ride-hailing service market is a highly fragmented industry with the presence of several dominating players. Some of the crucial players in this industry consists of GoJek, Uber, Grab, Kookaburra, Tuk Tuk Factory, BlaBlaCar, Tuk Tuk Travel, Truxx, Lyft, Careem, Gett, Zygg, Ola and some others. These companies are constantly engaged in providing rickshaw-based ride-hailing services and adopting numerous strategies to maintain their dominant position in this industry.
By Transport Type
By Service Type
By Payment Method
By User Demographics
By Region
April 2025
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