What are the latest statistics and trends in the transportation and chauffeur business?

The transportation and chauffeur industry has seen significant growth, with the global market for app-based driving services expanding from $50 billion in 2018 to an expected $120 billion by 2024, according to PS Market Research. Juniper Research forecasts a staggering $937 billion for the ridesharing market by 2026, with China and the USA dominating two-thirds of this market. Major players in this sector include Uber, Lyft, and Didi Chuxing, with Uber and Didi leading in market share despite ongoing financial losses. Didi Chuxing, in particular, stands out with nearly 500 million active users and substantial market dominance in China, expanding its services to vehicle leasing, electric mobility, and autonomous driving. This sector includes various transport types such as taxi portals, chauffeur services, ride hailing, ride sharing, and ride pooling, each offering distinct services through digital platforms.

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