Saigoneer

Back Society » Tech » Grab Accounts for 73% of Ride-Share Trips in First Half of 2019: Report

Grab Accounts for 73% of Ride-Share Trips in First Half of 2019: Report

ABI Research, a global tech market advisory firm, recently published some of its findings from a market research report on vehicle and mobility market.

According to these data, which is collected in the first six months of 2019, Grab’s two current biggest markets are Vietnam and Indonesia, with 73% and 64% market shares in all ride-hailing trips in the two countries, respectively.

Grab’s competitor Go-Jek, is currently holding 35.5% of the market shares in Indonesia while its subsidiary in Vietnam Go-Viet has 10.3% in the country. In Vietnam, Be ranks second with 16% market shares; other ride-hailing apps such as FastGo occupies the remaining 1%, reports Zing.

The market advisory firm also highlights that there is a trend in recent years among ride-hailing apps to go beyond the ride-hailing services to maintain profit.

“Offering on-demand services is one of of the factors driving the success of Grab and GO-JEK in the Asia-Pacific region. These on-demand services include food delivery, payments, parcel delivery, prescription delivery, and more,” said James Hodgeson, the smart mobility principal analyst at ABI Research.

A representative from Go-Viet told Zing that the results from ABI Research report don’t reflect the statistics they have gathered and that Go-Viet receives hundreds of thousands of orders from Go-Food every day. However, no further elaboration was provided to the news source.

Tran Bang Viet, CEO of Dong A Solutions, observed that since Grab has a head-start by being one of the earliest players in the market, local ride-hailing apps are having a difficult time catching up, even if they’re given enough time to do so. Hodgeson, however, remains positive that there is room for two companies to dominate the market in the long run. 


Related Articles:

Grab to Invest $500m to Expand Operations in Vietnam

Grab Is Experimenting With 'GrabWheels' Electric Scooter in Singapore

Update: Grab Announces Partnership With Local E-Wallet App Moca


Related Articles

in Tech

$189m Plan to Give 300,000 HCMC Students Tablets Draws Criticism

Last week the HCMC Department of Education proposed a plan to equip 300,000 primary students with tablets for the coming school year, reports Thanh Nien. With a pricetag of VND3 million – VND 5 m...

in Tech

'Flappy Bird' Creator To Release New Game Tomorrow

Well, Nguyen Ha Dong, the Vietnamese app developer who at one point was pulling in $55,000 per day, is officially back in the spotlight. After releasing a new version of ‘Flappy Bird’ earlier this mon...

in Tech

'Thirsty' Concrete Drinks Rainwater, Eliminates Flooding

Concrete isn't exactly a sexy topic. Even though we drive on it and build things with it, the average person seldom gives the gray stuff a second thought.

in Tech

3 Vietnamese Make “World's Most Influential Scientific Minds” List

3 Vietnamese scientists: Dam Thanh Son, Nguyen Son Binh and Nguyen Xuan Hung, have made Thomson Reuters’ list of the World’s Most Influential Scientific Minds.

in Tech

40 Years Later, Vietnam Begins Identifying Its War Dead

Martyr cemeteries are a common occurrence across Vietnam. In countless communes in every province, modest gravestones mark the resting places of Vietnam's fallen soldiers in neat, orderly rows. T...

in Tech

42m Vietnamese Use Facebook Daily, Among Highest Rates in Southeast Asia

Amongst its many existing users, companies and government entities are increasingly turning to the platform.

Partner Content

Video »

BUDX HCMC