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A10177 | Pages: NA | Charts: NA | Tables: NA |
Bike taxi is a form of transportation, which carries one passenger from one place to another. It is much cheaper form of taxi and provides services in various forms, such as bike rentals and pick & drop facilities, at cheaper prices. Improved technology has resulted in reduced taxi fare and ease of booking through mobile apps, which resulted in the bike taxi market expansion. With the advent of e-hailing taxi applications, such as UBER and OLA, taxi services have been one of the game changing innovations of the transportation sector.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast unit | Value (USD) |
Segments covered | Booking Type, Vehicle Type, Preference Type, Service Type |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
Companies covered | UBER, RAPIDO, OLA, LYFT, DiDi, Bikxie, Pillion Rides, Gojek, Dunzo, and Gokada |
COVID-19 scenario analysis:
The significant factors that impact the growth of the bike taxi market are reduced taxi fare with ease of booking and timely availability. However, fluctuations in prices and cancellation of rides hamper the growth of the bike taxi market. Furthermore, increase in population and increase in time-saving rides are expected to fuel the growth of the bike taxi market.
Improved technology has resulted in easy way of booking taxi compared to the earlier methods. Car fairs are more compared to bike taxi fares, which increase the cost of traveling of single person. Thus, bike taxi reduced the cost of traveling for one person and leads to the growth of the bike taxi market in near future.
Technological upgrades help to locate the vehicles, and calculate the estimated time of reaching the taxi to the pickup point and to the destination. These upgrades help to reduce the time and lead to easy availability of the taxi. Therefore, this results in the growth of the bike taxi market in near future.
Key segments covered:
Segments | Sub-segments |
Booking Type |
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Vehicle Type |
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Preference Type |
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Service Type |
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Key benefits of the report:
Questions answered in the bike taxi market research report:
Key Market Segments
Key Market Players