Ride-Sharing in Australia: A Growing Trend

The Rise of Ride-Sharing in Australia

The Australian ride-sharing market has experienced significant growth in recent years. In 2021, the market was valued at \$2.4 billion, and it is projected to reach \$4.2 billion by 2025. This growth is being driven by a number of factors, including:

• Increased smartphone penetration: More and more Australians are using smartphones, which makes it easier to access ride-sharing apps.
• Growing urbanization: As more people move to cities, the demand for convenient and affordable transportation options increases.
• Changing consumer preferences: Younger generations are more likely to use ride-sharing services than older generations.

How Many Australians Use Ride-Sharing Services?

According to a 2022 report by Roy Morgan, **27% of Australians have used a ride-sharing service in the past 12 months**. This represents a significant increase from the 18% who used ride-sharing services in 2018. The report also found that:

• Younger Australians are more likely to use ride-sharing services than older Australians. 44% of Australians aged 18-24 have used a ride-sharing service in the past 12 months, compared to just 14% of Australians aged 65+.
• City dwellers are more likely to use ride-sharing services than those living in regional areas. 34% of Australians living in major cities have used a ride-sharing service in the past 12 months, compared to just 17% of those living in regional areas.
• Men are more likely to use ride-sharing services than women. 31% of Australian men have used a ride-sharing service in the past 12 months, compared to 23% of Australian women.

Why Do Australians Use Ride-Sharing Services?

There are a number of reasons why Australians use ride-sharing services. Some of the most common reasons include:

• Convenience: Ride-sharing services are available on demand, so you can get a ride whenever you need one.
• Affordability: Ride-sharing services are often cheaper than taxis, especially for short trips.
• Safety: Ride-sharing services have a number of safety features, such as GPS tracking and driver background checks.
• Accessibility: Ride-sharing services are available in most major cities and towns in Australia.

The Future of Ride-Sharing in Australia

The future of ride-sharing in Australia looks bright. The market is expected to continue to grow in the coming years, as more and more Australians adopt this convenient and affordable transportation option.

Conclusion

Ride-sharing services are becoming increasingly popular in Australia, with 27% of the population having used them in the past 12 months. This growth is being driven by a number of factors, including increased smartphone penetration, growing urbanization, and changing consumer preferences. The future of ride-sharing in Australia looks bright, as the market is expected to continue to grow in the coming years.