Lyft Users: How Many People Use Lyft in 2024?

Ridesharing has become a vital part of the global economy.

Lyft is one of the major players in the rideshare market.

According to statistics, Lyft ranks number three in the world among ridesharing companies, falling third to Uber and second to DiDi Chuxing.

How many people use Lyft as of 2024?

We have facts, figures, statistics, and other data to share in this article.

We have done our homework using reliable sources from all over the web.

If you’re a marketer who specializes in the rideshare market, a person who uses ridesharing, or you are a business that uses ridesharing, this article will have some interesting things for you.

Even if you’re simply curious about the industry, there will be data here that should satisfy your curiosity.

Let’s talk about how many people are using Lyft and more about the company.

Post Contents

1 Key Lyft Usage Statistics
2 Lyft Users: How Many People Use Lyft in 2024?
3 FAQs
4 Conclusion
- 4.1 Sources

Key Lyft Usage Statistics

Lyft has around 20.3 million monthly users.
In the United States, Lyft ranks second among rideshare companies.
Globally, Lyft is ranked third in ridesharing market share.
Lyft has almost 2 million drivers in the United States and Canada.
Lyft riders are almost split 50/50 in terms of race/ethnicity.+
Most Lyft drivers use this side gig to supplement their income.
Lyft revenues are rapidly growing.
Lyft riders have donated more than $3 million via the Round Up & Donate program.
Lyft has a share of 29% of the rideshare market in the United States.
The average Lyft driver earns between $31,703 and $46,503 annually.

Lyft Users: How Many People Use Lyft in 2024?

1. Lyft has around 20.3 million monthly users.

As of 2022, Lyft has around 20.3 million monthly users.

Over 45 million people requested Lyft ride.

While this figure is still lower than its pre-pandemic numbers, it’s still more than the company has had since the pandemic.

Before the pandemic, this company had 22.9 million riders.

(Zippia)

2. In the United States, Lyft ranks second among rideshare companies.

Lyft is available in Canada and the United States.

In the United States, Lyft is second to Uber in terms of volume.

Lyft, like Uber, offers different types of rides to accommodate the appropriate number of passengers and wheelchair accessible and assisted rides for those who need it.

(DigitalTrends, FinancesOnline)

3. Globally, Lyft is ranked third in ridesharing market share.

Even though Lyft is only available in Canada and the United States, it still ranks third in the global ridesharing market.

Lyft’s share of the market is only 9.26%, according to the most recent data.

It falls behind Uber’s 37.20% market share and DiDi Chuxing’s 32.40% market share.

(FinancesOnline)

4. Lyft has almost 2 million drivers in the United States and Canada.

In terms of demographics, 69% of Lyft drivers are from minority groups.

So, out of its roughly 2 million drivers, most are from minority groups.

Moreover, 75% are over 40 years old and 55% have either a bachelor’s degree or master’s degree.

An estimated 7% of the LGBT+ community drives for Lyft.

(Help Lama)

5. Lyft riders are almost split 50/50 in terms of race/ethnicity.

While Lyft drivers come mostly from minority groups, the rider demographics show that riders have an almost equal share of minorities and Caucasians using the service.

Roughly 47% of Lyft riders are from minority groups which is split between the Hispanic (18%), African American (22%), and Asian (7.2%) communities.

(Help Lama)

6. Most Lyft drivers use this side gig to supplement their income.

There are several groups of people driving for Lyft.

In fact, 90% of Lyft drivers are students who study and use Lyft as a side gig.

Another 68% of Lyft drivers have a regular job and use the Lyft side hustle to supplement their income.

Interestingly, 19% of Lyft drivers own their own business and 16% do this side gig to manage during times of unemployment.

(Lyft)

7. Lyft revenues are rapidly growing.

As of the fourth quarter of 2022 Lyft was considered a loss-making company, but its revenue is in rapid growth.

In fact, Lyft generated $4.1 billion (USD) overall in 2022, which represents a 28% increased over 2021.

For reference, in 2021 Lyft generated just over $3.2 billion (USD).

In 2020, Lyft experienced losses and generated only $2.36 billion (USD).

(FinancesOnline, Help Lama)

8. Lyft riders have donated more than $3 million via the Round Up & Donate program.

You may not realize that Lyft has a Round Up & Donate program called “Lyft Up” to which riders have donated over $3 million (USD).

These funds have gone to help more than 25 disasters since 2017 (hurricanes, wildfires, etc.) offered free rides to people so they can vote, and other charitable causes.

(Lyft)

9. Lyft has a share of 29% of the rideshare market in the United States.

We know that Lyft ranks second to Uber in the United States rideshare market.

In 2022, 29% of the rideshare market in the U.S. belonged to Lyft.

For comparison, 71% of this market belonged to Uber.

Both Uber and Lyft have seen significant increases in their revenue over the past year.

(Zippia)

10. The average Lyft driver earns between $31,703 and $46,503 annually.

Keeping in mind that many Lyft drivers work part-time which is under 40 hours per week in the United States.

Lyft drivers make about $120 to $178 per day, according to Salary.com as reported on Money Lion.

Lyft claims that the average hourly wage for their drivers is $25, but other sources claim the average hourly wage comes to $19.16.

(Money Lion)

FAQs

What is Lyft?

Lyft is a ridesharing company that lets people who need a ride in a local area request a driver nearby via a smartphone app.

Lyft drivers are independent contractors who drive their own automobiles to transport passengers to their desired locations in a local area.

Lyft ridesharing is available in more than 640 cities throughout Canada and the United States. Lyft isn’t available in other countries.

The Lyft app that allows potential riders to request a ride provides an estimated fare and an estimated time for how long it will take to reach their destination.

You will also pay for your ride via the app.

The charges will be applied at the end of your ride. You can pay via credit card, debit card, Apple Pay, or PayPal.

How Can You Request a Lyft Ride?

If you live in an area where Lyft is available, you simply need to download the app, create a Lyft account, and start requesting rides.

Anytime you need a ride somewhere you can open the app and enter your desired location.

Lyft shows you the estimated time it will take for your driver to arrive and your estimated fare.

What Kind of Rides Does Lyft Offer?

Yes. There are various levels of, and types of rides one can request from Lyt.

Here are some options:

1. Lyft: This is the standard ride available for up to 4 passengers.
2. Lyft SL: This is for when you have up to 6 passengers.
3. Lyft Lux: Ridesharing for up to 4 passengers in a premium black car.
4. Lyft Lux XL: Ridesharing for up to 6 passengers in a premium black SUV.
5. Lyft Shared: Ridesharing when you share a ride with other passengers going in the same direction. You may or may not know them.
6. Lyft Access: This option is for people who require wheelchair access and up to 2 extra passengers. These vehicles are wheelchair accessible.
7. Lyft Assisted: For people who require some assistance when being picked up and dropped off can use Lyft Assisted.

Does Lyft Rides Have Safety Features?

Yes.

Lyft prioritizes its riders’ safety with these safety features:

1. RideCheck: RideCheck is a GPS-enable feature that detects if a Lyft ride experiences an unexpected stop. If it detects such a stop, Lyft sends a notification to both the driver and rider to see if everything is okay.
2. Share My Ride: As a rider, you can share your ride details with family and friends so they can track your progress and feel assured that you have arrived safely.
3. Emergency Button: If at any time during a Lyft ride you feel unsafe, you can tap the emergency button in the Lyft app to reach 9-1-1.

Conclusion

Now we know that Lyft has over 20 million people actively using this rideshare service in the United States and Canada.

Also, Lyft has a global share of just over 9% of the market, and a 29% share in the United States rideshare market.

Whether you’re a rider, driver, marketer, or business, this data is important to have handy.

Have you ever taken a Lyft ride? This data should help you to decide if Lyft is a rideshare company you feel comfortable using.

We gave you some FAQs about Lyft that help you understand its ride options, safety features, and we discussed it “Lyft Up” option that allows riders to round up their ride payment to help those in need.

We hope this information about Lyft and how many people use Lyft has been beneficial to you regardless of whether you use this service or not.