Shared Mobility - Hong Kong

Hong Kong

Hong Kong is expected to see a significant increase in revenue for the Shared Mobility market in the coming years.
By 2025, the projected revenue for this market is US$4,697.00m, with an annual growth rate of 2.10% expected between 2025 and 2029.
This growth is expected to result in a market volume of US$5,104.00m by 2029.
The largest market in this market is Flights, with a projected market volume of US$1,981.00m in 2025.
By 2029, the number of users for Public Transportation is expected to reach 7,024.00k users.
The user penetration rate is expected to increase from 99.1% in 2025 to 95.0% by 2029.
The average revenue per user (ARPU) is projected to be US$696.30.
This is an important metric for companies operating in the Shared Mobility market, as it indicates the average amount of revenue generated per user.
In terms of sales, online channels are expected to account for 68% of total revenue by 2029.
This underscores the importance of online platforms for companies operating in this market.
It is worth noting that China is expected to generate the most revenue in this market, with projected revenue of US$382bn in 2025.
However, the Hong Kong market is expected to see significant growth in the coming years, making it an attractive market for companies looking to expand their operations in the Shared Mobility market.
Hong Kong is experiencing a surge in demand for shared mobility services due to its high population density and limited parking options.

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.

Market

Region

Region comparison

Currency

Analyst Opinion

Hong Kong has seen a significant rise in the Shared Mobility market in recent years, with various factors contributing to this growth.

Customer preferences: Customers in Hong Kong are increasingly valuing convenience and cost-effectiveness in their transportation choices. Shared Mobility services such as ride-hailing, bike-sharing, and car-sharing offer a convenient and affordable alternative to traditional modes of transportation like private car ownership or public transport. The tech-savvy population in Hong Kong also appreciates the ease of booking and payment options provided by Shared Mobility platforms.

Trends in the market: One prominent trend in the Shared Mobility market in Hong Kong is the increasing popularity of e-scooter sharing services. E-scooters provide a convenient and eco-friendly way to navigate the city's busy streets, particularly for short-distance trips. Additionally, the integration of different Shared Mobility services into multi-modal platforms is gaining traction, allowing customers to seamlessly switch between various modes of transportation based on their needs.

Local special circumstances: Hong Kong's dense urban environment and limited parking spaces make owning a private vehicle a costly and impractical choice for many residents. As a result, Shared Mobility services have filled a crucial gap in the transportation market by providing flexible and on-demand options for getting around the city. The government's support for innovative transportation solutions and sustainable urban development has further propelled the growth of Shared Mobility in Hong Kong.

Underlying macroeconomic factors: The strong presence of multinational Shared Mobility companies in Hong Kong, coupled with increasing investments in infrastructure and technology, has created a favorable environment for market expansion. Additionally, changing consumer behavior towards shared and on-demand services, driven by factors such as urbanization and environmental consciousness, has contributed to the rising demand for Shared Mobility options in the city.

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.