China Rideshare Market Scale

According to a Roland Berger study, rideshare has great development prospects in China. It is expected that in 2018, from a national perspective, rideshare will continue to be a blue ocean market, and the overall supply is difficult to meet demand.

The rideshare market direct travel demand will increase rapidly from 8.16 million trips per day in 2015 up to 37 million trips per day in 2018. Correspondingly, the market size will increase from 66 billion RMB per year to 380 billion RMB per year. Further considering the potential replacement possibilities for rideshare to other modes of travel, Roland Berger predicts that the potential demand for rideshare is expected to reach 160 million trips per day in 2018, corresponding to a potential market capacity of 1.8 trillion RMB.

The demand outlook is very broad. From the comparison of supply and demand in the rideshare market, the demand of users is far greater than the actual supply of the market, and the development potential for enterprises is huge.

In view of this, AlphaCar aims to enter the China rideshare market, and subsequently become a major rideshare service provider worldwide.

For more information, please visit us at www.alphacar.io

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