Here's the translation: The Evolving Revenue Potential of Online Transportation

Transportation & Logistics

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Dwi Hadya Jayani 19/09/2019 08:00 WIB

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In 2023, revenue from the online transportation sector is projected to increase by 107.5% compared to 2018, reaching US$ 318.8 billion.

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Here's the translation: The Evolving Revenue Potential of Online Transportation

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Online Transportation Revenue 2017-2023

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Global online transportation (ride-hailing) revenue in 2018 reached US$153.6 billion. This figure increased by 20.21% from the previous year's US$127.8 billion. In 2019, revenue from this sector was projected to increase by 19.59% to US$183.7 billion.

The online transportation sector continued to gain popularity in subsequent years. The average revenue growth from online transportation was 15.76% from 2019 to 2023.

In 2023, revenue from this sector was projected to increase by 107.5% to US$318.8 billion compared to 2018. The penetration rate of online transportation users was estimated at 13.5% in 2019 and is expected to increase to 20% in 2023.

Meanwhile, the current average revenue per user (ARPU) is US$184.28. Online transportation revenue was projected to be US$216.8 billion in 2020, US$251.3 billion in 2021, and US$285.6 billion in 2022.

(Read Databoks: [Indonesia's Market Share of Online Transportation Services is the Largest in ASEAN](https://databoks.katadata.co.id/datapublish/2018/11/29/pangsa-pasar-layanan-transportasi-online-indonesia-terbesar-di-asean))

Editor : Hari Widowati

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."