![]() Rideshares grew by more than 3,400% in just four years. ![]() The growth rate of ridesharing in New York City is nothing short of astonishing. Here’s a comparison of taxi rides to ridesharing apps on an annual basis in NYC. Whenever I picture a NYC street, I’m thinking of the roads covered with yellow cabs.īut over the last five years, ridesharing usage has been able to penetrate and ultimately surpass the taxi cab market share in New York. New York City seems like the taxi capital of the world. We’ll take a closer look at these competitors with real data to see where Uber stacks up. But today, there are other ridesharing apps, like Lyft, that have a similar business model. When the concept first came to fruition, taxi cabs were the biggest competition. Uber CompetitionĪs we’ve briefly mentioned, Uber has competitors. Uber clearly recognized this and expanded accordingly. Anywhere users can download a product from an app store is a potential market for your business. This just goes to show you the power of mobile applications. It’s quite remarkable how this company has been able to penetrate markets worldwide over the span of a decade. Here’s a look at where Uber is available today. Uber began penetrating markets in every corner of the world. Over the next few years, Uber would begin launching in other cities across the world. Three years after the concept of Uber was developed in Paris, they launched in that same city with their first international ride in 2011. We’ll take a closer look at Uber’s competitors as we continue through this guide. However, the lion’s share is still going to Uber.īut based on this trend, it appears that these figures will start to balance out over the course of the next few years. In 2018, Uber controlled 69% of the market share, while Lyft rose to 29%.Īs you can see, Lyft is slowly but surely taking a percentage of the ridesharing industry in the US. In 2017, Uber had a 74% market share in the US, compared to Lyft at 22%. But with that said, they aren’t poised for domination in the coming years. With that in mind, I think it makes sense to look at the US market share before we analyze any international data.īased on the graphic alone, it’s clear that Uber controls the market share here in the United States. That’s where the Uber headquarters is still located today. While the idea of Uber was born in Paris back in 2008, the company’s first ride took place in San Francisco. The average Uber driver earns $364 per month. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |