AP NEWS

Strategic Analysis of the Chinese Ride Sharing Market - Forecast to 2025 - ResearchAndMarkets.com

June 6, 2018

DUBLIN--(BUSINESS WIRE)--Jun 6, 2018--The “Strategic Analysis of the Chinese Ride Sharing Market, Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

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.

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.

Key Topics Covered:

1. Executive Summary

2. Research Scope, Objectives, Background, and Methodology

3. Definitions and Segmentation

4. Market Overview

5. Ride Sharing Market Analysis

6. Government Policy and Regulation

7. Market Drivers and Restraints

8. Profiles of Ride Sharing Companies

9. Growth Opportunities and Companies to Action

10. Conclusions and Future Outlook

11. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/pmvsfp/strategic?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180606006156/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T. Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Private Transport Services

KEYWORD: ASIA PACIFIC CHINA

INDUSTRY KEYWORD: TRANSPORT OTHER TRANSPORT AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/06/2018 01:31 PM/DISC: 06/06/2018 01:31 PM

http://www.businesswire.com/news/home/20180606006156/en

AP RADIO
Update hourly