Top 14 Uber Competitors in the Global Market 2021

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Uber Competitors in the Global Market – Uber Technologies is an American corporation founded in 2008 by Travis Kalanick and Garrett Camp with the goal of connecting individuals who need to travel with automobile drivers who can transport them.

The first journey was made in 2010 in San Francisco, where it is now located, and the service has not ceased developing and extending around the globe since then.

Uber is a massive private firm in the United States, and its mobile app enables customers to book rides using their smartphones.

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Uber Technologies Inc. gathers consumer requests and sends them to drivers in the area who can fulfill them (with location and final destination information).

As a result, a smartphone is an integral component of a driver’s operating equipment.

In 2019, Uber holds 67 percent of the overall ridesharing transportation market share in the United States alone, with around 110 million customers worldwide.

In 2018, Uber has a 24 percent market share in the food delivery industry. As of April 2019, its entire market value was 90 billion US dollars; it lost $7.6 billion in May and ended up with $82.4 billion.

The following is a list of the top Uber competitors.

10 Uber Competitors and Competition analysis in Global Market 2021

1. Lyft

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Image Credit: Getty Images

Lyft is seen as a key competitor to Uber. Since its birth in 2012, this business has gotten a lot of attention since its fluffy pink mustaches may be spotted on dashboards or the front of automobiles.

A Lyft trip may then be ordered by installing the Lyft app on an Android smartphone, registering with a legitimate means of payment, such as a credit card or PayPal, Apple Pay, or Google Wallet, and requesting a ride from the closest driver.

This transportation provider’s customers will find it simpler to locate their travels with this firm.

The organization offers services in over 220 cities around the nation, including Vietnam, the Philippines, Thailand, Singapore, Malaysia, and Indonesia.

The driver’s name appears on the confirmation page, along with prior passengers’ feedback and images of the car and the driver.

When a customer rides, they leave a tip, which is deducted from their payment method.

Lyft, like Uber, enables consumers to see a map using their smartphone app. The cyclist may specify their position and follow their progress in real time.

Lyft is founded in California and operates in 300 states, giving 18.5 billion trips every month; as of mid-2017, its market worth was 7.5 billion dollars.

Although it does not have the same reach as Uber, Lyft is the most popular Uber rival in the United States.

2. Didi

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DidiChuxing, formerly DidiKuaidi, is one of China’s major enterprises, providing ridesharing services such as DiDi Chauffeur, Didi test Drive, taxi-hailing, DiDi Minibus, and DiDi private car-hailing to over 400 million people across 400 China cities through smartphone.

It reached a milestone of 1.4 billion rides in 2015 alone. When compared to other firms in the same industry, this was very high. Since its beginning in 2009, Uber has come the closest, recording a billion trips in six years.

This firm was formed by the combination of KuaidiDache and DidiDache. It was worth 28 billion dollars at the conclusion of the fiscal year 2016. Later that year, it purchased China’s Uber business.

DidiChuxing began creating the new English version of its App in mid-2017, with aspirations to expand services abroad. DiDi was named the most valuable company in the same year, with a value of more than $50 billion and backing from more than 100 investors.

Didi is the only Chinese firm having Tencent, Baidu, and Ali Baba (China’s three major internet companies) as investors. DidiChuxing is without a doubt one of the major Uber competitors in that area, because to its massive population in China and other Asian nations.

3. Bolt (Formerly Txify)

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Bolt is a European ridesharing startup based in Tallinn, Estonia. Txify is another name for it. Since its inception in 2013, it has grown at a breakneck pace. It has extended its market throughout 34 nations and over 150 cities in Africa, Europe, and America in only six years.

Bolt often charges less to its consumers and pays a higher commission to its drivers than its rivals.

According to the Bolt database, the firm has over 25 million customers who use its app, and it has engaged over 500,000 drivers who provide transportation services to its subscribers all over the globe. By the end of 2018, their yearly sales was 79.7 million euros.

4. Ola

Ola driver loots passenger in Guwahati

In the Indian market, Ola is Uber’s main competition. Bhavish Aggarwal and Ankit Bhati established Ola in Bengaluru, India, in 2010. The firm presently operates in 250 cities and is the most powerful competitor to Uber.

Through regional diversification, the corporation has grown its operations into additional foreign markets such as Australia, the United Kingdom, and New Zealand in recent years.

Despite entering the Indian market three years after Ola, Uber has been able to catch up to the local operator. At the moment, Uber has exceeded Ola in terms of the number of drivers and passengers serviced.

5. Via

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Unlike Uber, Via is recognized for delivering services at a more regional level, serving locations such as Washington, DC, Chicago, Seattle, and New York City.

It is cost-effective for consumers since it is accessible for travelers traveling in the same route to various sites. This helps drivers to maximize their revenue while keeping passenger costs to a minimum.

6. Grab

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Grab is a Malaysian mobile technology firm that was founded in 2012 by Anthony Tan as GrabTaxi to offer mobility services. What began as a start-up was soon accessible in 21 Southeast Asian locations, and by 2015, it had already received $ 340 million in investment.

It is now the most popular ride-hailing app in the area.

It has grown to numerous services eight years after its start, connecting millions of customers with vehicle drivers, providers, and enterprises. Grab employs 6,000 employees and generated $1.1 billion in sales in 2018. In the same year, the app was used to make 2.2 billion linked journeys.

7. Curb

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Despite its headquarters in San Jose, VeriFone Systems runs the majority of New York’s green and yellow cabs.

Taxi drivers are required to utilize VeriFone’s entertainment systems and credit card machines since the business also manages taxi payment systems.

By the end of 2016, the number of green and yellow cabs that had passed that level had elevated it to the main challenger to Uber.

When you use the Curb app to book a taxi via Creative Mobile Technologies, it costs around $1.95. (CMT).

Drivers are also alerted of any deviations depending on their driving ratings. Since its inception in 2015, VeriFone has planned to provide its services in all major urban regions around the United States via Curb.

8. Ola Cabs

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This is an Indian transportation firm known as ‘Ola.’ It was formed in Mumbai in 2010, but it now has its headquarters in Bangalore. By the end of 2015, Ola’s value had surpassed $5 billion, with sales expected to be close to $150 million.

The firm presently has over 600,000 car networks in over 110 cities. Its services vary from low-cost to high-end travel and may be booked using a mobile app.

With roughly 150,000 reservations every day, Ola has a more than 60 percent market share in India and is now developing in artificial intelligence (A.I) technology to compete with the American firm Uber in its Indian 12 billion markets.

Ola is a leading Uber rival in India because it knows the Indian market far better than Uber.

9. Local Taxis

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A taxi is a temporary form of transportation for people from one location to another; typically, the driver transports passengers to their destination. Until the emergence of Smartphone cab hiring services, local taxis were a highly popular means of transportation for both visitors and locals.

The taxi industry began to deteriorate steadily after that. There are several reasons for this, which we will address in the section comparing Uber and taxis.

Uber provides various services to its consumers that local taxis do not; examples of these services are as follows:

  • Safety. One of the most essential issues is passenger safety; a customer may trust the Uber driver since the corporation keeps track of its drivers.
  • On the other hand, you don’t know anything about any odd cab driver you meet on the road; he might be nice or bad. You’re not aware of it.
  • Cost. Uber’s prices are set and based on total miles; local taxi drivers often charge their clients more than the real price of the journey.
    Selecting a Vehicle
  • Uber provides you the option of selecting an economy, premium, or medium car. People of various economic backgrounds may choose their preferences based on their capacity to pay.
  • Convenience. You don’t have to walk out on the road and wait for your ride while negotiating the fare with the taxi driver; Uber provides you immediate access to your journey with no delays.

10. Gojek

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GO-JEK is a prominent ride-sharing service and one of Uber’s main rivals. The organization provides a wide variety of services by cooperating with drivers, allowing them to provide one-stop shopping.

Customers may get food delivery, payment, logistics, transportation, and other on-demand services by connecting with driver-partners. Gojek is now available in Indonesia, Vietnam, Thailand, Singapore, and the Philippines.

11. Cabify

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Cabify is a transportation firm launched in Spain in 2011 by Juan de Antonio that has expanded to 100 locations in 12 countries. It now employs 1,500 people and produced annual sales of $ 144 million in 2019, more than tripling the number achieved in 2018.

The application has almost 200,000 drivers registered.

Cabify’s platform links consumers who wish to travel with the nearest car drivers, who own and operate as service providers independently.

Payment methods accepted include credit cards, PayPal, and cash. It is distinguished by the fact that it is a Premium service, and the drivers are dressed properly to give professional attention.

It also provides delivery through Cabify Express using moto-cabs, Cabify Taxi, which allows access to local taxis, Cabify City, and Cabify Bike.

12. Public Transport

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When compared to taxis, this is a less expensive means of transportation in most countries that offers mass or shared transportation to many places. It might be via bus, rail, tram, ferry, or other means.

Different nations run their public transportation systems differently. Profits drive it in Asia, where it is controlled by both private and public companies. In North America, it is controlled by the Municipal Council, but in Europe, it is run by both the public and private sectors.

The cost of transportation varies according to distance; the further you travel, the more you pay; nonetheless, it is still inexpensive owing to the large number of passengers who alight at practically all destinations and the lack of any sort of private arrangement.

In certain industrialized nations, this mode of transportation is totally sponsored by national tax income and hence free in big cities.

The International Association of Public Transport (UITP), which has 3400 members from almost 100 countries worldwide, develops laws and regulations that regulate the public transportation sector in member countries.

Despite their cheap cost, most public transportation vehicles drop and pick up passengers in defined zones. Because they are dealing with a crowd, their safety and comfort are also called into question. Again, these trucks do not leave their station until they are completely filled.

Uber cabs have solved all of these difficulties. Uber vehicles must also meet a minimal level in order to give the required quality service to all of its clients. That is maybe why they are still riding high in this competitive transportation market.

13. Careem

Uber buys Careem for 3 billion article

Careem is the most popular ride-hailing service in the Middle East, having debuted in 2012 and currently operating in over 100 cities throughout 14 countries in the region, as well as Africa and South Asia.

Egypt, Jordan, Pakistan, Saudi Arabia, and the United Arab Emirates are its primary markets. Uber announced its purchase for $ 3 billion in the first quarter of 2020.

Since its inception, Careem has strived to improve access to transportation for individuals in these areas, where this sort of service is underdeveloped and mobility may be a major issue.

After a few years, it extended its service offerings to include food delivery, transportation services, and credit transfer. The organization employs 3,000 people and creates 1 million employment possibilities in the locations where it operates.

14. Yandex Taxi

Yandex Taxi is a Russian multinational information technology firm that provides ridesharing and food delivery services in Russia, Eastern Europe, Africa, and the Middle East. It is also one of the world’s top businesses focusing on the development of self-driving car technology.

Yandex N.V., a Russian multinational corporation, established Yandex cab, which provides over 70 online services to people in numerous countries across the globe.

Yandex cab is now running under the brand name Yango. According to Yandex statistics, 36 million people use its app, and by the end of 2018, it had completed around 1 billion rides.

Yandex employs more than 700,000 drivers. It is also known as Russian Uber. Yandex, like Uber, offers its customers the option of ordering meals to be delivered to their homes.

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