Ride-hailing and taxi market seen reaching $288 billion by 2030

The global ride-hailing and taxi market is projected to grow from $135.05 billion in 2025 to $287.99 billion by 2030, according to The Business Research Company. Growth is being driven by urbanization, smartphone use, tourism, EV adoption and app-based mobility services.

Why it matters: - The ride-hailing and taxi market is becoming a larger part of how people move in cities and suburbs. - The forecast points to steady demand for convenient, on-demand transportation across consumer and business use cases. - Tourism growth, electric vehicles and app-based dispatch systems are expected to push the category higher through 2030. - The report's outlook suggests more competition around pricing, digital payments, shared rides and safety-focused service offerings.

What happened: - The Business Research Company projected the global ride-hailing and taxi market will rise from $135.05 billion in 2025 to $156.88 billion in 2026. - The report forecast the market will reach $287.99 billion by 2030. - The 2026 edition of the report was released Sept. 22, 2026. - The report is titled "Ride-Hailing And Taxi Global Market Report 2026 – Market Size, Trends, And Forecast 2026-2035."

The details: - The market is projected to grow at a 16.2% CAGR in 2026 and a 16.4% CAGR through 2030. - Past growth has been supported by urbanization, higher population density, smartphone adoption, expansion of traditional taxi services, demand for affordable mobility and better internet connectivity in cities. - Future growth is expected to come from electric vehicle adoption in ride-hailing fleets, demand for eco-friendly urban transportation, autonomous ride-hailing pilots, corporate mobility-as-a-service adoption and AI-powered route optimization and dispatch. - Key trends include broader use of app-based platforms, growth in EV-based ride-sharing, more digital and cashless payments, higher demand for shared rides and carpooling, and expansion of women-only and safety-centered services. - Ride-hailing and taxi services connect passengers with drivers through mobile apps, online platforms or conventional dispatch systems. - The services are designed to improve last-mile connectivity, reduce dependence on private car ownership and improve transportation efficiency in urban and suburban areas. - Tourism is a major demand driver because travelers rely on ride-hailing and taxi services for airport transfers, sightseeing and trips to hotels, attractions, restaurants and entertainment venues. - UN Tourism data released in May 2025 showed more than 300 million international tourists traveled in the first quarter of 2025, up about 14 million from the same period in 2024, a 5% year-on-year increase. - In 2025, North America held the largest share of the market. - Asia-Pacific is projected to be the fastest-growing region over the forecast period. - The report also covers South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa. - The 2026 report edition includes market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics, key technology analysis, future trend analysis and updated graphics and tables. - The report offers a free sample and full report through the company's website: Download a free sample and View the full market report.

Between the lines: - The report's strongest signal is that ride-hailing is shifting from a basic transportation option to a technology-driven mobility layer. - EVs, autonomous pilots and AI routing point to a market competing on efficiency and sustainability, not just ride volume. - Tourism is adding cyclical demand on top of longer-term urban mobility growth. - The rise of women-only and safety-centered services suggests differentiated products are becoming part of the competitive playbook.

What's next: - The market is likely to keep expanding as cities densify and mobility apps deepen their reach. - Operators may increase investment in EV fleets, cashless payments, shared rides and automation tools. - Asia-Pacific's growth could reshape regional competition as demand accelerates outside North America. - The Business Research Company expects more detailed forecasting and market tracking in its updated report set.