Mexican Media Brands
Report: China’s Ride-Hailing Market to Rebound
China’s market for ride-hailing services, whose growth has slowed to less than 5% this year from 25% in 2018, will rebound to at least 10% in 2021, predicts Bain & Co.
Share
China’s market for ride-hailing services, whose growth has slowed to less than 5% this year from 25% in 2018, will rebound to at least 10% in 2021, predicts Bain & Co.
The consultancy’s annual mobility report forecasts that ridership will rise as service quality improves and the government steps up regulations to offset concerns over a spate of vehicle crashes last year.
Bain estimates that the on-demand mobility market in China will reach about $60 billion in two years. The firm anticipates renewed growth in other Asian markets too.
Self-driving vehicles will have a major impact on mobility in emerging Asian markets, according to the report. It suggests that service providers could lower operating costs by reducing incentives for riders and shifting to electric vehicles.
RELATED CONTENT
-
Robotic Exoskeleton Amplifies Human Strength
The Sarcos Guardian XO Max full-body, all-electric exoskeleton features strength amplification of up to 20 to 1, making 200 pounds—the suit’s upper limit—feel like 10 pounds for the user.
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
