Ride-hailing - France | Statista Market Forecast

France is expected to witness a significant increase in revenue in the Ride-hailing market.
It is projected to reach US$1.65bn in 2024 and show an annual growth rate (CAGR 2024-2029) of 2.79%, ultimately leading to a projected market volume of US$1.90bn by 2029.
The number of users is also expected to witness a substantial rise, amounting to 11.39m users by 2029.
In terms of user penetration, it is projected to be 15.9% in 2024 and 17.4% by 2029.
The average revenue per user (ARPU) is expected to be US$159.80.
The Ride-hailing market is an online-only market.
It is interesting to note that in global comparison, China is expected to generate the most revenue in the Ride-hailing market, amounting to US$60bn in 2024.
France's Ride-hailing market is experiencing increased competition from VTCs, but traditional taxis, offering their services increasingly online, still dominate in terms of overall market share.

Definition:

The Ride-hailing market encompasses on-demand transportation services facilitated through mobile apps or online platforms. This market covers both private vehicle rides and taxi services, all booked exclusively online. It includes Transportation Network Companies (TNCs), such as Uber and Lyft, traditional taxis booked via apps, such as Free Now or Cabify, and ride-pooling services, such as Moia and Via. This market excludes peer-to-peer ride-sharing, focusing on professionally operated transport services booked digitally for efficient and convenient urban mobility. Rides of traditional taxi services hailed on the street or booked via telephone are not included in this market.

Additional Information:

The main performance indicators of the Ride-hailing market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the mentioned market. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Platforms that let users book rides offered by drivers using their private vehicles (e.g., Uber)
Taxi companies that offer their services through an app (e.g., Free Now)
Platforms that offer shared rides (ride-pooling) with other passengers (e.g., Moia, Via)

Traditional taxi rides booked offline with taxi companies (via street-hailing or by telephone)

The Ride-hailing market in France has experienced significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: In France, customers are increasingly turning to ride-hailing services as a convenient and reliable alternative to traditional transportation options. The ease of booking a ride through mobile applications, the availability of multiple payment options, and the ability to track the location of the driver in real-time are all factors that have contributed to the popularity of ride-hailing services. Additionally, the competitive pricing and the ability to choose between different types of vehicles have also attracted customers to these services.

Trends in the market: One of the key trends in the ride-hailing market in France is the increasing adoption of electric vehicles by ride-hailing companies. This trend is driven by both environmental concerns and government regulations aimed at reducing carbon emissions. Ride-hailing companies are investing in electric vehicles to meet these regulations and to appeal to environmentally conscious customers. This trend is expected to continue as the government continues to promote the use of electric vehicles and as customers become more aware of the environmental impact of their transportation choices. Another trend in the market is the integration of ride-hailing services with other modes of transportation. In an effort to provide customers with a seamless travel experience, ride-hailing companies are partnering with public transportation providers to offer combined services. This allows customers to plan and book their entire journey, including both the ride-hailing and public transportation legs, through a single platform. This trend is particularly relevant in urban areas where there is a high demand for efficient and convenient transportation options.

Local special circumstances: France has a well-developed public transportation system, including an extensive network of trains, buses, and trams. However, there are certain situations where ride-hailing services offer a more convenient option. For example, in areas with limited public transportation coverage or during late-night hours when public transportation options are limited, ride-hailing services provide a reliable alternative. Additionally, ride-hailing services are often preferred by tourists and visitors who are unfamiliar with the local public transportation system.

Underlying macroeconomic factors: The growth of the ride-hailing market in France is also influenced by underlying macroeconomic factors. The country has a strong economy and a high level of urbanization, which creates a favorable environment for ride-hailing services. Additionally, the increasing use of smartphones and the widespread availability of mobile internet contribute to the growth of the market. As more people have access to smartphones and the internet, the demand for ride-hailing services is expected to continue to rise. In conclusion, the ride-hailing market in France is experiencing significant growth due to changing customer preferences, the adoption of electric vehicles, the integration with other modes of transportation, local special circumstances, and underlying macroeconomic factors. As these trends continue to evolve, ride-hailing companies in France will need to adapt and innovate to meet the changing needs and expectations of customers.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings and revenues of ride-hailing services.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

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