China Shared Mobility Market Size & Outlook, 2023-2040
China shared mobility market, 2018-2040 (US$M)
Related Markets
China shared mobility market highlights
- The China shared mobility market generated a revenue of USD 65.2 million in 2023 and is expected to reach USD 297.3 million by 2040.
- The China market is expected to grow at a CAGR of 9.3% from 2024 to 2040.
- In terms of segment, ride hailing was the largest revenue generating service model in 2023.
- Bike sharing is the most lucrative service model segment registering the fastest growth during the forecast period.
Shared mobility market data book summary
| Market revenue in 2023 | USD 65.2 million |
| Market revenue in 2040 | USD 297.3 million |
| Growth rate | 9.3% (CAGR from 2023 to 2040) |
| Largest segment | Ride hailing |
| Fastest growing segment | Bike sharing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2040 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ride hailing, Bike sharing, Ride sharing, Car sharing |
| Key market players worldwide | Beijing Enterprises Holdings Ltd, Bayerische Motoren Werke AG, Grab Holdings Inc Class A, GreenGood Eco-Tech, Lyft Inc Class A, Uber Technologies Inc, Avis Budget Group Inc |
Other key industry trends
- In terms of revenue, China accounted for 25.3% of the global shared mobility market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2040.
- In Asia Pacific, China shared mobility market is projected to lead the regional market in terms of revenue in 2040.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 58.6 million by 2040.
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Shared Mobility Market Scope
Shared Mobility Market Companies
| Name | Profile | # Employees | HQ | Website |
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China shared mobility market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shared mobility market will help companies and investors design strategic landscapes.
Ride hailing was the largest segment with a revenue share of 57.67% in 2023. Horizon Databook has segmented the China shared mobility market based on ride hailing, bike sharing, ride sharing, car sharing covering the revenue growth of each sub-segment from 2018 to 2040.
China accounted for the highest market share in 2022, owing to the country's massive urbanization and population density in cities like Beijing, Shanghai, and Shenzhen, which have created a pressing need for efficient transportation solutions.
Additionally, China has seen a significant cultural shift towards tech-savviness and digital payment adoption, facilitating easy access to shared mobility services via smartphone apps. Major players like Didi Chuxing and Meituan Dianping have played a pivotal role in shaping the market.
Furthermore, government support for electric vehicles has boosted the growth of eco-friendly shared mobility services, with electric scooters and electric bike-sharing becoming popular choices for environmentally conscious commuters.
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Horizon Databook provides a detailed overview of country-level data and insights on the China shared mobility market , including forecasts for subscribers. This country databook contains high-level insights into China shared mobility market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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China shared mobility market size, by service model, 2018-2040 (US$M)
China Shared Mobility Market Outlook Share, 2023 & 2040 (US$M)
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