As of March 2022, the revenue share of Grab in Singapore's ride-hailing market reached 50.2 percent. Over the first quarter of 2022 Grab remained the market leader, followed by Gojek with a market share of around 18 percent.

According to a survey conducted in Singapore on a Friday in June 2019, GrabShare would be the cheapest option for ride hailing from Commonwealth to Orchard ION (7.1 km). Gojek would be the cheapest option if there was no 10 percent discount applied. In Singapore, Grab also had ride options for those travelling with pets and children. Nonetheless both of these options were significantly more expensive than the "normal" rides.

The ASEAN Taxi Market Report is Segmented by Booking Type (online Booking and Offline Booking), Vehicle Type (motorcycles, Cars, and Other Vehicle Types (vans), Service Type (ride-Hailing and Ride-Sharing), and Countries (Philippines, Malaysia, Thailand, Singapore, and the Rest of ASEAN).

In 2023, there were around 82 thousand private hire cars, both self-drive and chauffeured, in Singapore. The rising number of private-hire cars are presumably related to the growing ride-hailing market in Singapore. Taxis and ride hailing After Grab bought over Uber’s Southeast Asia business in 2018, it became the biggest ride-hailing company in Singapore. At the same time, its biggest rival, Indonesia’s Gojek, decided to expand its business to Singapore. The expansion in the ride-hailing market saw an increase in the number of private hire cars. However, the size of the taxi fleet in Singapore has been decreasing over the past few years. To sustain both industries, the Singapore government released a Point-to-Point Passenger Transport Industry Bill. This benefitted both the commuters and taxi and private hire car drivers. Now, all taxi drivers can sign up with any ride-hailing platform, allowing them to reach the same pool of users. With these new regulations in place, commuters could be picked up by a taxi when booking a ride on a ride-hailing app. Win-win solution for drivers and companies However, owning a car in Singapore involves many costs that surpass its purchase price. The same car in Singapore could cost five times higher than in Japan. Due to the country’s relatively small size, the Singapore government needs to regulate the motor vehicle numbers in Singapore to manage traffic congestion. To overcome this hurdle, ride-hailing companies provide rental cars to potential drivers who may not be able to afford their own car. This seems to be a win-win solution for both parties.

In a survey conducted in August 2021, a majority of respondents across all surveyed Southeast Asian countries chose Grab as their most used ride-hailing application. In Malaysia, Grab was chosen by 94 percent of the respondents. Founded in 2012 and headquartered in Singapore and Indonesia, Grab Holdings Inc. is a technology company that also operates food delivery and digital payment services.

In 2023, the total revenue of Grab Holdings' in Singapore amounted to approximately 480 million U.S. dollars. Grab Holdings Inc. is a Southeast Asian technology company headquartered in Singapore. Having started out as a ride-hailing service, the company now operates a multipurpose app, also offering food delivery and digital payment services.

In 2023, the total revenue of Grab's mobility service segment amounted to approximately 869 million U.S. dollars. Grab Holdings Inc. is a Southeast Asian technology company headquartered in Singapore. Having started out as a ride-hailing service, the company now operates a multipurpose app, also offering food delivery and digital payment services.

This database is provided by Grab Grab Holdings Inc. is a multinational technology company headquartered in One-North, Singapore. It is the developer of a super-app for ride-hailing, food delivery and digital payments services on mobile devices that operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand and Vietnam.

The company also claimed to have two million driving partners, 68 million mobile app downloads, and 3.5 million daily rides

According to a survey published by Milieu Insight, 45 percent of respondents in Singapore stated that they were spending less on ride-hailing services than usual in the past month of the COVID-19 pandemic. In the same survey, 36 percent of respondents stated that they were very concerned about the current COVID-19 situation.

In 2019, Grab was the leading ride-sharing platform in Vietnam with 73 percent of the market share. Founded in Singapore in 2012, Grab offers transportation, food delivery, and digital payment services via its mobile app.

Ride-hailing market in Vietnam

Alongside its economic development and the growing internet economy, Vietnam has one of the highest ride-hailing market values within the Southeast Asia region. While Grab has consistently held a prominent part of the market share, other brands have been expanding their portfolios to compete with the market leader. For instance, the Indonesian platform Gojek has expanded its ride-hailing service to include a car-sharing option in addition to bike hailing in early 2021. In the meantime, Vietnamese brand be Group recently partnered up with local taxi brands across the country to launch its beTaxi service.

Impact of the COVID-19 pandemic on the ride-hailing market The COVID-19 pandemic has negatively impacted the global mobility market, including in Vietnam. The spending intention on transportation among Vietnamese consumers decreased drastically during the major outbreak in July 2020 compared to pre-pandemic levels. During lockdowns imposed by the government, the demand for mobility reduced significantly, and ride-hailing services were not spared. For instance, the number of Grab rides went down by over 80 percent in the first half of 2020. On the other hand, the revenue of the ride-hailing segment was forecasted to recover together with Vietnam’s economic recovery.

According to a survey conducted by Rakuten Insight, 84 percent of Singaporean respondents stated that GrabFood was the food delivery app they used the most. The application was developed by the Singaporean startup Grab, the first decacorn company in the country.  

From rides to eats: Expanding horizons beyond transportation  

Leveraging existing infrastructure and customers, Grab Holdings Inc. has strategically diversified its services from ride-hailing services to food delivery and offering digital payment services in its app. In 2023, Grab managed to secure the largest share of the gross merchandise value (GMV) of food delivery apps in Singapore (1387010). Additionally, in 2022, Grab's revenue from the delivery service segment alone exceeded half a billion U.S. dollars. This not only demonstrates Grab's strong position in the market, but also its commitment to meeting the increasingly digital needs of its customers.

How online food delivery is reshaping dining habits

The trend of ordering delivery through online apps has continued to increase, even after the COVID-19 outbreak. Nearly three million Singaporeans ordered food through online apps in 2022. Supported by the convenience of not having to leave their house and having items delivered to their door, around one-fifth of Singaporeans reported ordering once or twice a week, with the majority spending between 10 and 30 Singapore dollars per order. Looking at the trend, it is worth noting that the revenue from the online food delivery industry in Singapore is forecasted to keep increasing and reach a peak of over two billion U.S. dollars in 2028.

According to Cognitive Market Research, the global Shared Mobility market size will be USD 312840 million in 2025. It will expand at a compound annual growth rate (CAGR) of 16.40% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 62568.00 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.3% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 57875.40 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 164241.00 million in 2025 and will grow at a compound annual growth rate (CAGR) of 17.1% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 10949.40 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 11262.24 million in 2025 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 5943.96 million in 2025. and will grow at a compound annual growth rate (CAGR) of 16.6% from 2025 to 2033.
Unorganized sector category is the fastest growing segment of the Shared Mobility industry

Market Dynamics of Shared Mobility Market

Key Drivers for Shared Mobility Market

Urbanization and Traffic Congestion Driving Demand to Boost Market Growth

The rapid pace of urbanization and increasing traffic congestion are major drivers of the Shared Mobility Market. As cities grow, rising vehicle ownership leads to overcrowded roads, longer commute times, and higher emissions. Shared mobility solutions, including ride-hailing, carsharing, bike-sharing, and micro-mobility services, offer a sustainable alternative by reducing the number of private vehicles on the road. Governments worldwide are actively promoting shared mobility through initiatives like dedicated ride-sharing lanes, congestion pricing, and public-private partnerships to ease urban traffic. Additionally, many city dwellers prefer on-demand mobility over car ownership due to the high costs associated with parking, maintenance, and insurance. Companies like Uber, Lyft, and BlaBlaCar are capitalizing on this trend, expanding services to accommodate growing demand. For instance, Grab announced the acquisition of Trans-cab, a taxi operator in Singapore. The acquisition incorporates Trans-cab's maintenance workshop, fuel pump operations, and car rental business. Additionally, the company will launch the Grab Driver application, which will be integrated into mobile display units in Trans-cab taxis.

https://www.grab.com/sg/press/others/grab-to-acquire-trans-cab-through-its-grabrentals-arm/

Rising Focus on Sustainability and Reduced Carbon Emissions to Boost Market Growth

The increasing global emphasis on sustainability and carbon footprint reduction is another key driver of the Shared Mobility Market. Governments and environmental organizations are pushing for cleaner transportation solutions to combat climate change and reduce greenhouse gas (GHG) emissions. Shared mobility services promote the efficient utilization of vehicles, decreasing overall fuel consumption and pollution levels. The integration of electric vehicles (EVs) in shared mobility fleets is further accelerating this transition, with companies investing in electric ride-hailing, e-bike, and e-scooter services. Policies like zero-emission zones, tax incentives for shared EV services, and stricter emission regulations are encouraging both users and providers to adopt eco-friendly mobility solutions.

Restraint Factor for the Shared Mobility Market

Infrastructure Limitations and Traffic Congestion Will Limit Market Growth

Many cities lack dedicated lanes, parking zones, and charging stations for shared mobility services, leading to operational inefficiencies and lower service reliability. In areas with poor road conditions or limited public transport integration, shared mobility solutions struggle to provide seamless connectivity, reducing user adoption rates. Additionally, high traffic congestion in urban centres affects ride-hailing efficiency, increasing travel times and costs, which discourages consumers from usi...

In 2024, after two years of decline, there was significant growth in the Singaporean ride-on compaction equipment market, when its value increased by 159% to $13M. Overall, consumption recorded a measured expansion. Over the period under review, the market reached the peak level in 2024 and is likely to see steady growth in the near future.

According to a March 2024 survey conducted by Rakuten Insight, car ride-hailing services were the most used in Singapore across all ages. On another hand, bicycle-sharing was more popular for respondents aged 16 and 24 years, while car rental was favored by those between 25 and 34 years.

According to a March 2024 survey conducted by Rakuten Insight, car ride-hailing services were the most used in Singapore, as stated by 84 percent of respondents. In addition, two-wheeler ride-hailing services were also popular. The same survey revealed that they used such services at about two to five times each week.

According to a March 2024 survey conducted by Rakuten Insight, 21 percent of respondents in Singapore stated that they used shared mobility services such as ride-hailing, car-pooling, and bike-sharing two to five times each week. The same survey revealed that car ride-hailing services were the most used in Singapore.

In a survey conducted in August 2021, 75 percent of the Southeast Asian respondents chose Grab as the ride hailing application they use most often. Founded in 2012 and headquartered in Singapore and Indonesia, Grab Holdings Inc. is a technology company that also operates food delivery and digital payment services.

In 2021, the total EBITDA of Grab's mobility service segment amounted to approximately 345 million U.S. dollars. The first quarter of the year was the strongest, as the mobility segment's EBITDA amounted to around 115 million U.S. dollars. Grab Holdings Inc. is a Southeast Asian technology company headquartered in Singapore and Indonesia. Having started out as a ride-hailing service, the company now operates a multipurpose app, also offering food delivery and digital payment services.

According to the data sensitivity index applied to several Asia-based ride-hailing and taxi applications in January 2022, GrabTaxi was the app collecting the most user data, amounting to 114 index points. GrabTaxi is operated by Grab Holdings Inc., a Southeast Asian technology company founded in Malaysia in 2012 and headquartered in Singapore and Indonesia. The company also operates food delivery and digital payment services accross the region. Grab was the major tech unicorn in SEA in 2020, with total funding of over ten billion U.S. dollars.

As of January 2024, ComfortDelgro had the biggest taxi fleet in Singapore, with about 6.5 thousand taxis. In comparison, there were about 2.2 thousand CityCab taxis, and only 23 individually-operated Yellow-Top taxis.