Number of private hire cars in Singapore 2013-2022
Taxis and ride hailing
After Grab bought over Uber’s Southeast Asia business in 2018, it became the biggest ride-hailing company in Singapore. At the same time, its biggest rival, Indonesia’s Gojek, decided to expand its business to Singapore. In 2019, the number of monthly active users of Gojek there reached 0.8 million.The expansion in the ride-hailing market saw an increase in the number of private hire cars. However, the size of the taxi fleet in Singapore has been decreasing over the past few years. To sustain both industries, the Singapore government released a Point-to-Point Passenger Transport Industry Bill. This benefitted both the commuters and taxi and private hire car drivers. Now, all taxi drivers can sign up with any ride-hailing platform, allowing them to reach the same pool of users. With these new regulations in place, commuters could be picked up by a taxi when booking a ride on a ride-hailing app.