Statistical Analysis: The Rise Of The Ride Sharing Industry

Introduction

The ride sharing industry has grown significantly over the past few years. This growth has spawned many new companies and led to an increase in popularity among consumers. While there are still many skeptics, ride sharing has become a viable option for those looking to save money and time when traveling.

Convenience

In the ride sharing industry, convenience is king. You can book a ride using your phone and pay for it through the app in seconds. You can track your car’s progress on a map as it makes its way to you–and even share rides with others if need be!

The rise of these services has been driven by their convenience factor: the ability to easily access transportation whenever and wherever we need it is hugely appealing to consumers who are always on-the-go or trying to save time wherever possible.

Safety

In the age of ride sharing, it’s easy to forget that not so long ago, people had to drive themselves or risk spending their hard-earned cash on a taxi. But as you’ve probably heard by now, taking an Uber or Lyft is safer than driving yourself–and much safer than taking a cab.

In fact, ridesharing services are so safe that they’re even safer than other forms of transportation: walking and cycling; carpooling; drunk driving; or driving in bad weather conditions like snow or rain (not that any of those options are recommended).

Cost

You can save money, time and energy with ride sharing. The average cost of car ownership is $8,300 per year, while the average cost of ride sharing is $1,500 per year. That’s a savings of over $7000! Not only that but owning a vehicle comes with many additional expenses such as insurance premiums, registration fees and maintenance costs. Ride sharing companies take care of all these things for you so there’s no need for extra payments or worry about getting into an accident without proper coverage (or even worse–your car being stolen).

Ride sharing services are also more convenient than owning your own vehicle because they allow you access to transportation at any time from anywhere in the city/state/country where they operate — including airports! Plus it takes less time than driving yourself because there’s no need for long commutes or traffic jams when traveling between destinations; just tell your driver where you’re headed and relax while enjoying some peace-and-quiet during those stressful moments when everyone else around seems stressed out too.”

Time saved

Ride sharing is more convenient than other modes of transportation.

People are more likely to use ride sharing than other modes of transportation because it’s faster, easier and cheaper than driving your own car.

People in cities with good public transit systems will still choose to use that method because it takes less time than riding with Uber or Lyft (and they don’t have to pay for gas).

Ride sharing is growing in popularity.

Ride sharing is growing in popularity. Ride sharing services are convenient, safer, and more affordable than owning a car. They also save you time by allowing you to travel with other people who share your destination or route.

Rideshare companies like Uber and Lyft have grown exponentially over the past decade due to their convenience and affordability; according to Business Insider’s report from 2018, over 100 million Americans use ride sharing services annually–a number that continues to rise every year as more cities adopt regulations for these vehicles (such as requiring them to be painted with easily identifiable colors).

Furthermore, unlike traditional taxis which require drivers’ licenses or special permits from local governments before they can operate within city limits; rideshare vehicles do not require any background checks on either riders nor drivers because they operate through mobile apps rather than dispatch centers like regular taxi companies do so there’s no way for anyone else besides yourself know who exactly may be picking you up when using such platforms.”

Conclusion

Ride sharing is a great way to get from point A to point B, but it’s not the only option available. There are many other ways to get around town that may be better for your needs. If you’re looking for something cheap and reliable, then public transportation might be right up your alley!