Current trends and actors impacting the Ridesharing Economy across the world

We are still at the early stages when it comes to ridesharing ecosystem, services and technology with expectations as ABI Research forecasts global bookings to exceed $100 billion by 2020 and $300 billion by 2030 at an average growth rate of 18%. 

As current trends and actors impacting the Ridesharing Economy across the world, one can observe that,

Many car OEMs are now aiming to gain back control of the future automotive landscape through advancements in driverless car technology. 

Big brands and niche startups like Opel’s CarUnity and carpooling operations like BlaBlaCar and Scoop Technologies, in which BMW i Ventures recently invested, are currently thriving. 

ABI Research finds ridesharing growth will slow as it becomes more challenging to recruit users. 

Business model of aggressive marketing and subsidized driver recruitment is showing its weaknesses. 

Many car OEMs recently announced partnerships and/or investments in ridesharing brands. We have GM’s and Toyota’s intentions to partner with and invest in Lyft and Uber, respectively. 

Some OEMs, like Ford and Tesla, announced plans to set up their own driverless taxi fleets. Didi Chuxing and Uber are also exploring driverless taxis.

Driverless shuttle and taxi trials by Delphi, Navya, and nuTonomy in Singapore and Japan’s plan to deploy driverless robot taxis during the 2020 Tokyo Olympics.