Ride-hailing in 2021: A glimpse into the future

 The ride-hailing industry is facing a very tough time due to the COVID-19 pandemic. The industry as a whole is witnessing unprecedented slump due to various reasons like lockdowns, social distancing norms, and the general fear of catching virus which is keeping riders away from using ride-hailing services worldwide.


If we have a look at the stats, then the global ride-sharing market size is estimated to grow at 55.6% to reach USD 117.34 billion in 2021 from USD 75.39 billion in 2020. It’s important to note that this projection is down by 2% as compared to the pre-COVID-19 estimation.

Due to this downward trend, ride-hailing companies are finding it difficult to survive. Big names like Uber and others have started to foray into on-demand food delivery and parcel delivery to make up their ride-hailing business losses. But everyone is anxious as to what future has in stores for the ride-hailing industry.

In this article, we will try to give you a glimpse of the future of the ride-hailing industry. We’ll try to draw a rough picture as to what ride-hailing will look like in 2021 and the post-COVID-era.


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