Uber clearly recognized this and expanded accordingly.
Anywhere users can download a product from an app store is a potential market for your business. This just goes to show you the power of mobile applications. It’s quite remarkable how this company has been able to penetrate markets worldwide over the span of a decade. Here’s a look at where Uber is available today. Uber began penetrating markets in every corner of the world. Over the next few years, Uber would begin launching in other cities across the world. Three years after the concept of Uber was developed in Paris, they launched in that same city with their first international ride in 2011. We’ll take a closer look at Uber’s competitors as we continue through this guide. However, the lion’s share is still going to Uber.īut based on this trend, it appears that these figures will start to balance out over the course of the next few years. In 2018, Uber controlled 69% of the market share, while Lyft rose to 29%.Īs you can see, Lyft is slowly but surely taking a percentage of the ridesharing industry in the US. In 2017, Uber had a 74% market share in the US, compared to Lyft at 22%. But with that said, they aren’t poised for domination in the coming years. With that in mind, I think it makes sense to look at the US market share before we analyze any international data.īased on the graphic alone, it’s clear that Uber controls the market share here in the United States. That’s where the Uber headquarters is still located today. While the idea of Uber was born in Paris back in 2008, the company’s first ride took place in San Francisco.
The average Uber driver earns $364 per month.In the United States, Uber fulfills 40 million rides per month.Uber has completed more than 5 billion rides.Uber is available in more than 80 countries worldwide.There are more than 75 million active Uber riders across the world.Uber generated $12 billion in gross bookings in the most recent quarter.Uber has a global market value of $72 billion.You’ll see how this business has been booming, and how you can apply those same concepts to your own app. This guide will cover the latest Uber revenue and usage statistics. Either way, you can still learn from their business model and path to success. To say Uber is a success is an understatement.ĭon’t get me wrong I’m not saying that you’ll be the next Uber or completely revolutionize an industry the way they have, but don’t sell yourself short. So for those of you who have a mobile app or plan to build one, it’s always a great idea to follow the lead of those who succeeded before you. Users download it from the Apple App Store and Google play store, the same way they would download any other app - including yours.
They connect riders with drivers and take a percentage of all transactions.īut at the end of the day, Uber is just a mobile app.
Plus, it’s a way for drivers to earn some extra money on the side, while driving their own vehicles. Uber is a more convenient and affordable way to get around than a traditional taxi cab. No cash or currency is exchanged in the vehicle. This ridesharing mobile app connects riders with drivers in just a couple of clicks and charges the rider’s credit card automatically. Uber has revolutionized the way we travel.