New Mobility Solutions in China - Statistics & Facts

Published by Statista Research Department, Jun 27, 2019
For decades, driving has been the major way of communting and reaching places in vast majority parts of the world. The number of cars in the whole world has been constantly increasing, including China. As of 2018, car parc in China has quardrupled since 2007, which has posed huge burden on the road network country-wide, as well as environmental problems in various aspects. Some cities like Beijing introduced car plate policies to allow cars to be driven on a certain day depending on the last digit of the plate, which did not stop the car parc in China from increasing. Therefore, other measures were introduced to discourage car use, for example, in Beijing and Shanghai, one needs to win a complicated lottery process to earn a license plate before they can go on the road, which could cost more than the vehicle itself. Alongside with the difficulty of getting to drive on roads in China, the emerging trend of sharing economy also created new business opportunities and started changing the products provided by the private sector, in ways such as transporting people from A to B by ride-hailing or car-sharing. These mobility services offer people the choice of traveling to places affordably and comfortably on demand simply with a few clicks on mobile apps, without the burden of owning a vehicle themselves.
The Mobility-as-a-service (MaaS) market worldwide is expected to reach a market capitalization of about 9.5 trillion U.S. dollars by 2030. This immense growth is fueled by the growing ride-sharing, e-hailing, and carsharing service industries as well as bikesharing programs across the globe. Meanwhile, the market size of MaaS in China stood at 15 billion U.S. dollar as of 2017, and is forecasted to soar to over 200 billion U.S. dollars by 2025 and eventually till over 650 billion by 2030. Currently, the traditional mobility industry is still much bigger than the shared mobility market size in China, where car-hailing accounted for the largest share of the market compared to car-pooling and car-sharing. Didi chuxing, the Chinese version of Uber, started providing ride-hailing service since 2012 and eventually acquired the Uber Chinese subsidary in 2016. Didi has become the leading player in the market, with hundred times more daily order than the other car-hailing apps in China, like Meituan or Caocao. Within this segment of car-hailing, over half of the transaction volume took place in first tier cities, and most of the rest happened in second tier cities.

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New mobility solutions in China

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