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.
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.
- 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?
1 Executive Summary
- 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
2 Research Scope, Objectives, Background, and Methodology
- Research Scope
- Research Aims and Objectives
- Key Questions this Study will Answer
- Research Background
- Research Methodology
- Key Companies Discussed in this Study
3 Definitions and Segmentation
- Ride Sharing Market Segmentation
- Ride Sharing Customer Segmentation
4 Market Overview
- Ride Sharing Market Development Roadmap
- Key Travel Methods in China
- Travel Methods Comparison in China
- Ride Sharing Value Chain
5 Ride Sharing Market Analysis
- 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
6 Government Policy and Regulation
- Internet Plus Strategy
- High-Occupancy Vehicle (HOV) Lane in China
- Regulations by Regional Level
7 Market Drivers and Restraints
- Market Drivers
- Drivers Explained
- Market Restraints
- Restraints Explained
8 Market Size and Forecast for Ride Sharing Services
- 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
9 Profiles of Ride Sharing Companies
- Didi - Company Overview
- Didi - Development Roadmap
- Dida - Company Overview
- Dida - Development Roadmap
10 Growth Opportunities and Companies to Action
- Growth Opportunity - Ride Sharing Market in China
- Growth Opportunities - Key Highlights of Ride Sharing Market
- Strategic Imperatives for Success and Growth
11 Conclusions and Future Outlook
- Key Conclusions and Future Outlook
- The Last Word - Three Big Predictions
- Legal Disclaimer
- List of Exhibits