What is the market share of Grab in Southeast Asia?

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.



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'” In the years since, Grab has transformed from a “street fighting” startup, as Tan puts it—scoring Southeast Asia's biggest Nasdaq IPO in 2021, valued at around $40 billion.

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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.

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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. In 2022, the Singaporean company had generated a total revenue of 275 million U.S. dollars in Indonesia.

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In 2022, the app was downloaded more than 18.9 million times in the country and was operating in more than 207 cities in Southeast Asia, with about 2.7 million GoTo drivers. Grab, founded in Singapore and operating in several Southeast Asian countries, represents Gojek's main competitor in Indonesia.

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Ride-hailing market in Indonesia Gojek and Grab are the two leaders in the Indonesian ride-hailing market.

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Grab competitors include Uber, GO-JEK and Lyft.

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Grab was founded in 2012 in Malaysia as a ride-hailing app and quickly expanded to other Southeast Asian countries, including #Singapore. The company's strategy of offering a wide range of services, including grocery, food delivery, and financial services, helped it establish a strong foothold in the region.

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Share of respondents using Grab most often in Vietnam Q2 2023, by generation. According to a survey conducted by Decision Lab, in the second quarter of 2023, around 62 percent of Millennial respondents stated that they used Grab most often. Meanwhile, this number among Gen Z was 57 percent.

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Grab Holdings, which controlled about 44 percent of the Thai market as of 2021, went public in New York in 2021 following a blockbuster $39.6bn merger with a blank cheque company.

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SoftBank remains Grab's largest shareholder, with a 19% stake, and its founder, who is widely called Masa, expresses confidence in Tan. “Masa respects Anthony's leadership and believes in the bright future of Grab,” SoftBank said in a statement.

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Grab has a 93 percent share of the Philippines' ride-hailing market, up from 45 percent when Uber was active. Grab would abide with its commitments to the regulator, its head, Brian Cu, told reporters.

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Platform companies engaged in food delivery services began to thrive in Indonesia in 2015. The two big players in this food delivery service sector are Gojek and Grab.

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According to Measurable AI's e-receipts data, the Indonesian ride-sharing market share remained stable across the year of 2021, with Grab capturing 57% of the market by sales.

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