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Economy

How Do Uber And Lyft Compete?

Source: https://www.reveliolabs.com/news/business/how-do-uber-and-lyft-compete/

Uber and Lyft have, for a long time, been the market leaders in the growing rideshare industry, but their competitive dynamics have been anything but constant. In many ways, they can be thought of as a duopoly, fighting for dominance, but in other ways, they are competing simultaneously in many local submarkets.

Uber’s overall market share, relative to Lyft, has been falling over the last ten years:

By breaking down this market into the territories it serves, we’re able to see this share broken down further. It appears that Uber dominates smaller markets without much competition, but Lyft has a much larger relative footprint in larger cities.

Interestingly, Uber’s falling market share seems to be concentrated in smaller cities. This is a surprising strategy by Lyft who is evidently not concentrating where it is already strongest.

Finally, here is the breakdown of market share for the largest US cities:

Takeaways:

  • Uber has been losing market share to Lyft, with those losses concentrated in more rural and suburban areas.
  • Uber has a much larger footprint in small cities and towns, while there is a more equal split between Uber and Lyft in large cities.
  • Though one might expect to see these two companies choose to serve different customers, we can actually see that they instead compete in the same markets.

To learn more about the data behind this article and what Revelio Labs has to offer, visit https://www.reveliolabs.com/.

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ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.

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LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.