Shared Mobility - Taiwan

Taiwan

The revenue in the Shared Mobility market of Taiwan is expected to reach US$11,500.00m by 2024 and show an annual growth rate of 1.84%, resulting in a market volume of US$12,600.00m by 2029.
The largest market in this market is Flights, which is expected to reach US$5,423.00m in 2024.
The number of users using Public Transportation is expected to be 18,970.00k users by 2029.
The user penetration is expected to be 95.0% in 2024 and 95.0% by 2029.
The average revenue per user (ARPU) is projected to be US$457.30.
By 2029, 70% of the total revenue in the Shared Mobility market is predicted to be generated through online sales.
In comparison to other countries, China is expected to generate the most revenue (US$365bn in 2024).
Taiwan's shared mobility market is rapidly growing, with the government's support for green transportation initiatives driving demand for electric scooters and bikes.

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

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Currency

Analyst Opinion

The Shared Mobility market in Taiwan is experiencing significant growth and evolution in response to changing consumer preferences and market dynamics.

Customer preferences: Customers in Taiwan are increasingly looking for convenient and cost-effective transportation options, leading to a rise in demand for shared mobility services. The younger generation, in particular, values flexibility and sustainability, driving the popularity of shared mobility solutions over traditional car ownership.

Trends in the market: One prominent trend in the Shared Mobility market in Taiwan is the integration of technology and innovation. Companies are leveraging advanced mobile applications and digital platforms to improve user experience and streamline operations. Additionally, the market is witnessing a shift towards multi-modal transportation services, offering customers a variety of options to choose from based on their specific needs.

Local special circumstances: Taiwan's dense urban population and limited parking space have created a conducive environment for shared mobility services to thrive. The efficient public transportation system in major cities like Taipei complements shared mobility options, encouraging more people to opt for eco-friendly and efficient modes of transportation.

Underlying macroeconomic factors: The growing awareness of environmental issues and the government's initiatives to promote sustainable transportation solutions are driving the expansion of the Shared Mobility market in Taiwan. Additionally, the increasing urbanization and congestion in major cities are pushing both consumers and policymakers to embrace shared mobility as a viable solution for reducing traffic congestion and air pollution.

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.