Out 13, 2016
Uber dominates U.S. ride market, report says
Uber's share of the U.S. ride-hailing market is so large that its "lead is simply too great to overcome," says Byrne Hobart, lead analyst at 7Park Data.
Uber "has effectively won the U.S. market" for ride-hailing, although Lyft continues to gain market share, according to a report released Wednesday.
"It's striking: Uber is dominant in every U.S. city," said Byrne Hobart, lead analyst at 7Park Data, which analyzed credit card purchasing data from 2.5 million U.S. consumers and mobile-app usage from 50 million devices worldwide.
In the startups' hometown of San Francisco, Uber has 71 percent of the market to Lyft's 29 percent, for instance. Lyft's biggest markets are Denver, where it has 38 percent of rides compared with Uber's 62 percent, and Portland, Ore., at 36 percent versus Uber's 64 percent. Nationwide, the gap is bigger: Lyft has 21.3 percent of the market, up from 8.7 percent in 2014, the report said.
By Carolyn Said