Strategic Analysis of the Chinese Ride Sharing Market, Forecast to 2025

Strategic Analysis of the Chinese Ride Sharing Market, Forecast to 2025

Ride Sharing Market is Expected to Achieve 667.9 Million Members by 2025 in China

RELEASE DATE
22-May-2018
REGION
Asia Pacific
Research Code: 9AB2-00-71-00-00
SKU: AU01677-AP-MR_21925

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Description

A total of 20.81 billion ride sharing services were offered in China in 2017. The overall ride sharing member size in China has achieved 207.4 million in 2017. The percent share breaks down as follows: commuting ride sharing 45.6%, dynamic ride sharing 32.3%, and fixed long distance ride sharing services 22.1%.

Ride sharing services in China are of three types: commuting, dynamic, and fixed long-distance. Commuting and dynamic ride sharing are the most common. They target working adults, university students and intra-city travelers. Fixed long-distance ride sharing is less common due to the large national land area in China. Thus, it is less compatible in regard to time and cost savings when compared to air, rail and bus travel.

Internet Plus Strategy encourages the utilization rate increment of passenger vehicle. The common utilization rate is expected to be raised from 4% up to 15% through employing ride sharing services. The strategy will also help solve the congestion issue, especially in tier I cities in China, through the adoption of real-time traffic data. High-occupancy lanes have been established in major cities such as Shenzhen and Chengdu.

The Chinese ride sharing market is well developed, with Didi, Dida, AA Pinche, Laihui, and Tiantian being the major participants. These companies lead in terms of number of service offerings, riders. and driver subscriptions. Didi is the market leader. Its large geographical coverage offers a key competitive advantage. The company achieved a 71.4% share of service offerings, 53.1% of riders, and a 49.7% share of drivers in 2017. It was followed by Dida with a 28.5% share of service offerings.

Commission-based earnings and monthly subscriptions drive revenues. Commission-based revenue is the charge per ride – 10% in the case of Didi; $0.15 or $0.75 in the case of Dida – and varies by the number of passengers. Monthly subscription revenue ranges $600-$1,400, and varies by the number of rides per month.

This research provides an overview of the ride sharing market, along with an analysis of the market, government policies and regulations, market drivers and restraints. It also details profiles of leading ride sharing companies and lists the growth opportunities. It closes with offering conclusions and am outlook for the future.

Research Scope

The aim of this study is to evaluate the ride sharing market and differentiate ride sharing business models in China. It emphasizes the investment, growth opportunities and partnerships within the automotive industry. It is also analogizing the stratagems of the main ride sharing companies in China.


Research Highlights

  • To provide a strategic review of the ride sharing ecosystem and market, involving significant and main technology trends in China.
  • To analyze the key ride sharing companies and their business strategies in China.
  • To differentiate the ride sharing business models — fixed, dynamic, commuting, and transport network company solutions.
  • To identify market trends, such as strategic alliances and collaborative services.
  • To evaluate present market size and growth opportunities for stakeholders.

Key Issues Addressed

  • What is the present business environment for ride sharing services?
  • What are the present and anticipated trends in the industry?
  • What are the main revenue generation models, and what is the predicted market potential by 2025?
  • What are the market drivers and restraints influencing the development of the ride sharing market?
  • What are the policies and regulations established to manage the ride sharing business in China?
  • How will autonomous cars and other technological advancements influence ride sharing market?

Table of Contents

Executive Summary—Key Findings

Executive Summary—Market Engineering Measurements

Executive Summary—The Sharing Economy in China

Executive Summary—Key Travel Methods in China

Executive Summary—Travel Methods Comparison in China

Executive Summary—Ride Sharing Value Chain

Executive Summary—Competitiveness of Ride Sharing Companies

Executive Summary—Current and Future Outlook

Research Scope

Research Aims and Objectives

Key Questions this Study will Answer

Research Background

Research Methodology

Key Companies Discussed in this Study

Ride Sharing Market Segmentation

Ride Sharing Customer Segmentation

Ride Sharing Market Development Roadmap

Key Travel Methods in China

Travel Methods Comparison in China

Ride Sharing Value Chain

Ride Sharing Operational Model

Commuting Ride Sharing

Dynamic Ride Sharing

Fixed Long Distance Ride Sharing

Ride Sharing Competitor Analysis

Ride Sharing End-user Analysis by Age Group

Ride Sharing End-user Analysis by Gender

Ride Sharing Spending Cost and Payment Analysis

Internet Plus Strategy

High-Occupancy Vehicle (HOV) Lane in China

Regulations by Regional Level

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Market Engineering Measurements

Ride Sharing Market—Fixed Ride Sharing Membership Forecast

Ride Sharing Market—Dynamic Ride Sharing Membership Forecast

Ride Sharing Market—Commuting Ride Sharing Membership Forecast

Forecast Scenario Assumptions to 2025

Ride Sharing Membership Breakdown by Segments in China

Didi—Company Overview

Didi—Development Roadmap

Dida—Company Overview

Dida—Development Roadmap

Growth Opportunity—Ride Sharing Market in China

Growth Opportunities—Key Highlights of Ride Sharing Market

Strategic Imperatives for Success and Growth

Key Conclusions and Future Outlook

The Last Word—Three Big Predictions

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
A total of 20.81 billion ride sharing services were offered in China in 2017. The overall ride sharing member size in China has achieved 207.4 million in 2017. The percent share breaks down as follows: commuting ride sharing 45.6%, dynamic ride sharing 32.3%, and fixed long distance ride sharing services 22.1%. Ride sharing services in China are of three types: commuting, dynamic, and fixed long-distance. Commuting and dynamic ride sharing are the most common. They target working adults, university students and intra-city travelers. Fixed long-distance ride sharing is less common due to the large national land area in China. Thus, it is less compatible in regard to time and cost savings when compared to air, rail and bus travel. Internet Plus Strategy encourages the utilization rate increment of passenger vehicle. The common utilization rate is expected to be raised from 4% up to 15% through employing ride sharing services. The strategy will also help solve the congestion issue, especially in tier I cities in China, through the adoption of real-time traffic data. High-occupancy lanes have been established in major cities such as Shenzhen and Chengdu. The Chinese ride sharing market is well developed, with Didi, Dida, AA Pinche, Laihui, and Tiantian being the major participants. These companies lead in terms of number of service offerings, riders. and driver subscriptions. Didi is the market leader. Its large geographical coverage offers a key competitive advantage. The company achieved a 71.4% share of service offerings, 53.1% of riders, and a 49.7% share of drivers in 2017. It was followed by Dida with a 28.5% share of service offerings. Commission-based earnings and monthly subscriptions drive revenues. Commission-based revenue is the charge per ride – 10% in the case of Didi; $0.15 or $0.75 in the case of Dida – and varies by the number of passengers. Monthly subscription revenue ranges $600-$1,400, and varies by the number of rides per month. This research
More Information
No Index No
Podcast No
Author Chuan Jing Chai
Industries Automotive
WIP Number 9AB2-00-71-00-00
Keyword 1 Ride Sharing
Is Prebook No
GPS Codes 9673-A6,9800-A6,9AF6-A6