Press Release

Middle East & Africa Ride Hailing Market to Grow with a CAGR of 16.18% through 2029

The Middle East and Africa ride-hailing market is witnessing trends such as the integration of electric vehicles and micro-mobility services, responding to a global shift towards sustainable transportation.

 

According to TechSci Research report, “Middle East & Africa Ride Hailing Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Middle East & Africa Ride Hailing Market stood at USD 1,472.83 Million in 2023 and is anticipated to grow with a CAGR of 16.18% in the forecast period, 2025-2029. The Middle East and Africa ride-hailing market has witnessed substantial growth and transformation in recent years, driven by a combination of urbanization, increased smartphone penetration, and a rising need for convenient transportation solutions. Key players such as Uber, Careem, Bolt, and local services have established a strong presence across various countries within the region. These platforms offer users the convenience of booking rides through mobile apps, facilitating cashless transactions, and providing real-time tracking features.

In the Middle East, countries like Saudi Arabia and the United Arab Emirates (UAE) have emerged as prominent markets for ride-hailing services. Both international and local players operate in these regions, offering a range of ride options from economical to premium, catering to diverse consumer preferences. The regulatory environment in these countries has evolved to accommodate ride-hailing services, recognizing their role in addressing transportation challenges.

In Africa, ride-hailing services play a crucial role in rapidly growing urban centers, providing an alternative to traditional taxis and often contributing to improved traffic management. In countries like Nigeria, Kenya, and South Africa, local platforms have gained traction by adapting their services to the unique needs and challenges of each market. Additionally, the use of two-wheelers, such as motorcycles and scooters, has become a notable trend in some African countries, addressing last-mile connectivity and local mobility demands.

Challenges in the MEA ride-hailing market include regulatory complexities, competition among service providers, safety concerns, and economic factors such as fuel price fluctuations. Infrastructure limitations, especially in certain African regions, present obstacles to efficient ride-hailing operations. Despite these challenges, the industry continues to evolve, with a focus on innovation, safety enhancements, and partnerships with local authorities to create a more sustainable and user-friendly transportation ecosystem.

Browse over XX market data Figures spread through 83 Pages and an in-depth TOC on " Middle East & Africa Ride Hailing Market.”

North Africa, Egypt stands out as a significant player in the ride-hailing market. The country's dense and rapidly expanding urban areas, particularly Cairo, have fueled the growth of services like Uber and local providers like SWVL. The Economy segment dominates the market, addressing the diverse needs of a large population seeking affordable transportation solutions. The Egyptian government's relatively open approach to ride-hailing services aligns with their potential to alleviate traffic congestion in bustling metropolitan regions.

Sub-Saharan Africa presents a diverse ride-hailing landscape, with countries like Nigeria, Kenya, and South Africa emerging as key markets. Local players, including Bolt (formerly Taxify) and local innovations like Gozem, have tailored their services to address unique transportation challenges. The adoption of motorcycles and scooters for ride-hailing purposes is a notable trend, particularly in areas with limited infrastructure. These markets often showcase a blend of traditional and modern transportation methods, with ride-hailing services playing a crucial role in shaping urban mobility.

While each region has its unique dynamics, common challenges persist. Regulatory complexities, varying from country to country, pose obstacles for ride-hailing platforms operating across borders. Safety concerns regarding both passengers and drivers are paramount, prompting a need for stringent measures and collaboration with local authorities. Economic factors, such as fluctuating fuel prices and competition among service providers, impact the overall viability of ride-hailing operations. Infrastructure limitations, especially in certain African regions, present operational challenges and highlight the need for innovative solutions to navigate diverse landscapes.

Major companies operating in Middle East & Africa Ride Hailing Market are:

Uber Middle East FZ LLC (Uber)

Careem Networks FZ LLC

Bolt Technology OU

Soul Innovations Ltd (inDrive)

Didi Global Inc

Kayan Rehla Information Technology Company (Kaiian)

KOI Ride

Sixt Ride GmbH & Co. KG

XXRIDE For Electronic Transport Services

Cloud World Trading LLC – Otaxi

 

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The ride-hailing market in the Middle East and Africa continues to demonstrate resilience and adaptability, driven by factors like urbanization, technological advancements, and a burgeoning demand for convenient mobility solutions. Local players and international giants alike are navigating diverse regulatory landscapes and cultural nuances to cater to the unique needs of each region. As the industry evolves, a focus on innovation, safety, and collaboration with local authorities will be essential for sustained growth and the creation of a seamless and efficient transportation ecosystem.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Middle East & Africa Ride Hailing Market By Service Type (Single, Rental, Others), By Fare Type (Economy, Premium), By Vehicle Type (ICE, Electric) By Country, By Competition Forecast & Opportunities, 2019-2029F, has evaluated the future growth potential of Middle East & Africa Ride Hailing Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Middle East & Africa Ride Hailing Market.

 

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