What is the market share of Gojek vs Grab in Singapore?

What is the market share of Gojek vs Grab in Singapore? Market share of the ride-hailing transportation industry Singapore Q1 2022. 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.

Is Grab or Gojek bigger in Indonesia?

Market share of ride-hailing transportation industry Indonesia 2022-2023, by order. As of January 2023, the market share by order volume of Gojek in Indonesia's ride-hailing transportation industry reached 50 percent. Grab had the highest market share in February 2022, at 54 percent.

Is Gojek bigger than Grab?

Grab and Gojek's 2-wheel rides constitute around 32-33% of the total market share respectively by order volume. On 4-wheel rides, as of 2Q22, Grab's 4-wheel rides owned a slightly bigger share of the market by order volume at around 19%, compared to Gojek's 15%.

Is Grab a monopoly or oligopoly?

Uber's exit from the region means that Grab is the largest ride-hailing company in the region, effectively giving them a monopoly. A company with a monopoly has great powers – more often than not, at the detriment of consumers.

Why is Gojek so popular?

The popularity of the Gojek clone app development can be attributed to its ability to provide a comprehensive on-demand service platform that caters to the needs of both customers and service providers. The benefits it offers outlined in this blog make it an attractive choice for entrepreneurs.

What is Grab market share in Asean?

Grab accounted for 54% of the region's food delivery gross market value last year, followed by rivals Foodpanda at 19% and Gojek at 12%, based on estimates by Momentum Works. The report noted that it grabbed the leadership position in Malaysia from Foodpanda and from ShopeeFood in Vietnam during the period.

What is the competitive advantage of Grab?

Grab realized the trends in SEA. (1) Time efficiency due to heavy traffic jam, (2) low price, and (3) comfort and convenience are the three components that can lure customers and retain their customers in the long run. Grab created their competitive advantage by lowering the cost of production (service).