Saudi Arabia Ride Hailing Market Overview
Market Size in 2024: USD 1.6 Billion
Market Size in 2033: USD 5.5 Billion
Market Growth Rate 2025-2033: 12.90%
According to IMARC Group’s latest research publication, “Saudi Arabia Ride Hailing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033”, The Saudi Arabia ride hailing market size reached USD 1.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.5 Billion by 2033, exhibiting a growth rate (CAGR) of 12.90% during 2025-2033.
How AI is Reshaping the Future of Saudi Arabia Ride Hailing Market
- Optimizing Dynamic Pricing and Demand Prediction: AI-powered algorithms are revolutionizing ride-hailing pricing strategies through real-time demand forecasting and surge pricing optimization, enabling platforms to maximize revenue while maintaining competitive rates, reducing wait times by 25-30% during peak hours across Saudi cities.
- Enhancing Driver-Passenger Matching Efficiency: Advanced machine learning models are streamlining ride matching processes by analyzing traffic patterns, driver locations, and passenger preferences in real-time, improving pickup accuracy and reducing average waiting times by 35-40% while optimizing route efficiency.
- Enabling Predictive Maintenance and Fleet Management: AI-driven predictive analytics are helping ride-hailing companies monitor vehicle health, predict maintenance needs, and optimize fleet utilization, reducing operational costs by 20-25% while ensuring higher service reliability and safety standards across Saudi Arabia’s expanding ride-hailing network.
- Supporting Autonomous and Semi-Autonomous Features: Machine learning technologies are facilitating the integration of autonomous driving capabilities and driver assistance systems, with Saudi Arabia’s regulatory framework supporting robotaxi trials and preparing the infrastructure for fully autonomous ride-hailing services by 2030.
- Personalizing User Experience and Safety Features: AI algorithms are enhancing passenger safety through intelligent route optimization, real-time threat detection, and personalized safety features, including specialized women-only driver matching services that align with Saudi Arabia’s cultural preferences and social transformation goals.
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Saudi Arabia Ride Hailing Market Trends & Drivers:
Saudi Arabia’s ride hailing market is experiencing explosive growth driven by the government’s Vision 2030 digital transformation initiatives, with ride-hailing apps enabling 80.5 million trips in 2024, representing a 26% increase compared to the previous year. The market is benefiting from massive urban infrastructure investments, including the $13 billion New Murabba project in Riyadh featuring The Mukaab skyscraper, and the $1.6 billion Heart of Khobar smart city project, which are creating integrated digital mobility ecosystems supporting seamless ride-hailing integration.
The dramatic expansion of female workforce participation is reshaping market dynamics, with the number of women drivers increasing by 48% year-over-year to 22,000 registered female drivers in 2024, reflecting both social advancement and the attractiveness of ride-hailing as a flexible income source. This transformation is supported by specialized services like Uber’s Women Drivers Feature, allowing female passengers to book rides exclusively with women drivers, catering to cultural preferences while expanding market reach.
Tourism sector growth is creating substantial demand for ride-hailing services, with Saudi Arabia ranking third globally in international tourist arrivals growth, recording a 61% increase in the first nine months of 2024 compared to 2019. The kingdom’s smartphone penetration rate, among the highest in the Middle East, combined with widespread 4G and expanding 5G coverage, is enabling seamless digital-first transportation solutions that cater to both residents and the growing influx of international visitors exploring Saudi Arabia’s emerging tourism destinations.
Saudi Arabia Ride Hailing Industry Segmentation:
The report has segmented the market into the following categories:
Vehicle Type Insights:
- Two-Wheeler
- Passenger Car
Booking Type Insights:
- Online
- Offline
End-Use Insights:
- Personal
- Commercial
Breakup by Region:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
Recent News and Developments in Saudi Arabia Ride Hailing Market
- July 2025: Ride-hailing apps completed over 32 million trips in Q2 2025, with Uber launching a new Women Drivers Feature allowing women riders to book rides exclusively with women drivers, including the Uber Reserve feature for advance booking up to 30 minutes for enhanced safety and comfort.
- May 2025: Total revenue from ride-hailing app services reached approximately SAR 2.3 billion in 2024, marking a 22% increase compared to 2023, demonstrating the sector’s robust financial performance and growing market acceptance.
- February 2025: Transport General Authority’s 2025 strategy prioritizes blockchain implementation for fare transparency and IoT-enabled safety tools, aiming to solidify Saudi Arabia’s position as a global benchmark for tech-driven transport ecosystems while supporting Vision 2030 objectives.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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