Who is the king of rides?

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We can see the comparison between 4 giants, but Uber still controls the US. Market with close to 65%. Lyft has enjoyed a few years of healthy growth, and even taking market share away from Uber in 2017. Lyft also beat Uber to its IPO by about a month, listing in late March 2019, compared to Uberโ€™s mid-May. If we compare Asian Didi to the meet volume of drivers, users and rides, they have no competition, but the the financial aspect is quite different.

Key statistics:

  • 5 million drivers, Q4 2019
  • 18.7 million trips per day on average Q1 2020
  • Uber available in over 900 cities globally, in 93 countries
  • Uber owns ~37% stake in Yandex Taxi in Russia, ~19% stake in Grab in Southeast Asia, and ~15% share in Didi Chuxing in China
  • Uber claims 65% market share in the US and Canada, Latin America, Europe, Australia and New Zealand, and the Middle East and Africa regions, and a 50% market share in India
  • Uber Eats US market share at 22% as of May 2020
  • 15 million Uber Eats users in Q4 2018
  • Uber investment levels stand at $24.7 billion, pre-IPO
  • Average Uber driver income is $364/month
  • 40.9% of Uber drivers are women as of 2019, up from 36.1% in 2017
  • Chinese rival Didi Chuxing is the biggest international rival, valued at $56 billion

Source:

Author

Mark Kalin

Achiever, Competition, Futuristic, Maximizer, Significance

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