H. Yoo
Research expert covering South Korea
Lyft - Statistics & Facts
Lyft entered the sharing economy transportation market in 2012 challenging the position of Uber. Since its launch , Lyft has attempted to compete with Uber. However, while Lyft is the second largest ride-hailing provider globally, holding a market share of 8 percent in 2022, the company only operates in the United States and Canada. Meanwhile, Uber has expanded globally and controls a quarter of the global ride-hailing and taxi market. Like Uber, Lyft has expanded its offering in the sharing economy beyond its core business of ride-hailing. It also offers bike and e-scooter sharing services under a variety of brands in multiple U.S. cities. Lyft also introduced food delivery services, during the COVID-19 pandemic, which have since been dropped.
