Shared Mobility - China

China

China is expected to generate the highest revenue in the Shared Mobility market, with projected revenue of €338,300.00m in 2024.
This revenue is expected to grow at an annual rate of 4.41%, resulting in a projected market volume of €419,800.00m by 2029.
The largest market China is Flights, with a projected market volume of €100,100.00m in 2024.
The number of users in Public Transportation is expected to reach 915.60m users by 2029.
According to the analysis, the user penetration rate will be 86.7% in 2024 and is expected to increase to 95.0% by 2029.
The average revenue per user (ARPU) is projected to be €272.20.
Online sales will generate 72% of total revenue in the Shared Mobility market by 2029.
When compared globally, China is expected to generate the highest revenue in the Shared Mobility market.
China's shared mobility market is dominated by bike-sharing companies, with millions of users and fierce competition.

Key regions: United States, Saudi Arabia, Germany, Malaysia, India

Definition:

The Shared Mobility market encompasses a diverse range of long- and short-distance mobility services. As the world moves towards a more connected and digital era, the Shared Mobility market is central to driving innovation, collaboration, and the development of intelligent transportation systems.

Structure:

The market consists of eleven further markets. These include the following markets:

The Car Rentals market contains vehicle rentals that have been booked in person, by telephone via the internet or an app.
The Car-sharing market includes professionally run car-sharing services that provide on-demand access vehicles, allowing users to rent cars for short periods, e.g., by minute or hour.
The Bike-sharing market contains short-term bike-sharing services. Bicycles can be found in the provider’s business zone where they are either parked at designated stations or freely distributed without fixed docks.
The Ride-hailing market encompasses on-demand transportation services facilitated through mobile apps or online platforms. This market covers both private vehicle rides and taxi services, all booked exclusively online.
The Taxi market covers exclusively traditional taxi services booked offline, typically via street hailing or phone calls.
The Flights market contains air travel bookings regardless of the purchase channel, such as an airline's website or a travel agency.
In the Public Transportation market, revenues generated by ticket sales from public transportation companies are considered.

Additional Information:

The main performance indicators of the Shared Mobility market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Shared Mobility market in China has been experiencing significant growth and evolution in recent years.

Customer preferences: Chinese consumers are increasingly valuing convenience, affordability, and sustainability when it comes to transportation options. Shared mobility services such as ride-hailing, bike-sharing, and car-sharing have gained popularity due to their cost-effectiveness and ease of use. Customers appreciate the flexibility and convenience offered by these services, allowing them to travel seamlessly within cities.

Trends in the market: One notable trend in the Shared Mobility market in China is the fierce competition among major players. Domestic companies, as well as international giants, have been vying for market share by offering innovative services and expanding their presence to cater to a wider customer base. Additionally, the integration of advanced technologies such as artificial intelligence and big data analytics has enhanced the overall user experience, making shared mobility services more efficient and personalized.

Local special circumstances: China's unique urban landscape, characterized by densely populated cities and increasing traffic congestion, has created a conducive environment for the growth of shared mobility services. The government's support for sustainable transportation solutions and efforts to reduce pollution have also played a significant role in shaping the Shared Mobility market in the country. Moreover, the rise of the digital economy and smartphone penetration has made it easier for consumers to access and utilize shared mobility services seamlessly.

Underlying macroeconomic factors: The rapid urbanization and growing middle-class population in China have fueled the demand for convenient and affordable transportation options, driving the expansion of the Shared Mobility market. Additionally, the changing lifestyles and preferences of Chinese consumers, especially the younger generation, who prioritize experiences over ownership, have contributed to the popularity of shared mobility services. Furthermore, the government's regulatory framework and policies aimed at promoting sustainable transportation practices have provided a supportive environment for the development of the Shared Mobility market in China.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of car rentals, ride-hailing, taxi, car-sharing, bike-sharing, e-scooter-sharing, moped-sharing, trains, buses, public transportation, and flights.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.