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Taxi Market by Booking Type (Online Booking and Offline Booking), Service Type (Ride-hailing and Ride-sharing), and Vehicle Type (Cars, Motorcycle, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A10565
Pages: 240
Mar 2021 | 1805 Views
   
Author(s) : Akshay Jadhav , Sonia Mutreja
Tables: 120
Charts: 51
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Taxi Market Statistics - 2027

The global taxi market was valued at $69.18 billion in 2019, and is projected to reach $120.89 billion by 2027, registering a CAGR of 12.3% from 2020 to 2027. 

Social distancing norms and regulations implemented by government and healthcare authorities encourage citizens to maintain a two-meter distance from other persons for safety. This has restricted the usage of ride sharing services for daily commute. Users prefer to travel in their own vehicles due to health and safety concerns, hampering the market size in 2020. Although, starting from September 2020 in line with the relaxation in lockdown restriction, domestic & international travel and government directives, taxi services resumed gradually across the globe. The taxi and ride-hailing services companies are taking necessary proper measures to keep their passengers and drivers safe from the infectious and highly communicable COVID-19 disease.

Taxi is a type of vehicle leasing service, which includes hiring the service of a driver along with the vehicle. It can be availed by a single or multiple passenger on basis of sharing and non-sharing option. A passenger can book or hail a taxi ride via a call & message, or going to service provider’s physical location and with the help of a smartphone application or website using internet, which is also known as e-hailing. Passengers can book or hire a taxi for a decided route, which would be pre-defined by the passenger. Generally, passenger car, motorcycle, scooters, minivan, van, buses & coaches, auto rikshaw, bicycles, and tricycles are the type of vehicles used for taxi services. In several countries, various human-powered vehicles such as rickshaw or pedicab, animal-powered vehicles such as the Hansom cab and water taxies or air taxies are also used for taxi service.

Taxi-Market,-2020-2027

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The factors such as rise in demand for ride-hailing and ride-sharing services, increase in demand from online taxi booking channels and increase in cost of vehicle ownership are anticipated to drive the taxi market growth. However, improvement of public transportation and varying government regulations on taxi services in different countries across the world hinder the market growth. Further, development of robo-taxies and emergence of eco-friendly electric cab services are some of the factors expected to offer lucrative opportunities for the market growth during the forecast period.

Taxi Market
By Booking Type

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Online Booking is projected as the most lucrative segments

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The taxi market is segmented on the basis of booking type, service type, vehicle type, and region. By booking type, it is bifurcated into online booking and offline booking. By service type, it is divided into ride hailing and ride sharing. By vehicle type, it is categorized into cars, motorcycles & scooters, and others. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. 

The key players operating in the taxi market are ANI Technologies Pvt. Ltd., Beijing Xiaoju Technology Co, Ltd., Bolt Technology OU, Careem, Curb Mobility, Dubai Taxi Corporation, FREE NOW, Gett, Gojek Tech, Grab, Lyft, Inc, Maxi Mobility Spain, S.L., Nihon Kotsu Co., Ltd., Uber Technologies Inc., and Yandex.

Taxi Market
By Service Type

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Ride Sharing is projected as the most lucrative segments

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Rise in demand for ride-hailing and ride-sharing services

The significant rise in the preference for carpool and bike pool services among the regular office commuters is the primary factor contributing toward the growth of the ride hailing and ride sharing services. In addition, increase in the services offered by the leading market players, including Uber and Ola, and the option to choose convenient pick-up and drop locations is encouraging the consumers to opt for ride hailing and ride sharing services. Moreover, significant rise in the number of multiple ride-hailing and ride-sharing services such as bike sharing and auto sharing services even for short distance travel fuels the growth of the taxi market. Furthermore, the ride sharing service providers are offering advantages such as affordable doorstep pick-up and drop, co-passenger information, and higher convenience as compared to the traditional transport service providers. This is expected to propel the demand for ride share services. In addition, several service providers offer various facilities, offers, and discounts such as monthly pass on shared ride to reduce the expenses of daily commuters.

Increase in cost of vehicle ownership

There is an increase in the cost of owning a personal vehicle owing to the rise in fuel prices and increase in financing, insurance, and car registration rates. Maintenance expenses, including replacement of parts & components and labour fees, have also increased. This in turn contributes toward the total cost of ownership. Furthermore, with the introduction of strict emission norms, vehicles need better, advanced, and costly aftertreatment devices. These factors are collectively increasing vehicle ownership cost is, which in turn, expected to propel the growth of the ride taxi market.  

Taxi Market
By Vehicle Type

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Motorcycle is projected as the most lucrative segments

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Improvement of public transportation

Increase in government investments in public transport infrastructure, especially in emerging countries such as India, Indonesia, China, and others restrict the growth of the taxi market. The developments of public transportation services such as metro trains, monorails, and local bus transport services are expected to affect the growth of taxi services, as they provide cheaper ways of transport when compared with private taxis and cabs.

Varying government regulations on taxi services in different countries across the world

In many countries, the operations of app-based mobility services are not regulated by a legal authority. therefore, their operation is not defined and regulated by the government. In addition, taxi services are required to obtain separate licenses and registration in most of the countries across the world. This makes it difficult for app-based taxi services to operate as many app-based companies do not own the vehicles. Moreover, stringent government norms on the taxi industry especially in countries such as Australia and Vietnam further hinder the market growth. For instance, in 2018, the Department of Transportation in Vietnam decided to stop licensing operators under a pilot program, as the app-based taxis have been putting pressure on local traffic infrastructure and create unhealthy competition with the traditional taxi and transportation firms. 

Taxi Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

LAMEA would exhibit the highest CAGR of 19.30% during 2020-2027.

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Covid-19 Scenario Analysis 

  • Social distancing norms and regulations implemented by government and healthcare authorities has restricted the usage of taxi services for daily commute.
  • Users prefer to travel in their own vehicles due to health and safety concerns, hampering the market size during pandemic. 
  • The nature of the virus being active on surfaces for a long period of time as well as the fear of infection raised in the minds of people has compelled them to avoid traveling. Thus, the people are more likely to avoid traveling by taxies.
  • Many leading market players are changing their offerings such as groceries, meals, and medical supplies deliveries in the COVID -19 pandemic, which is expected to heal the growth of taxi market. 
  • The increasing vehicle ownership cost and reducing trust in the ride-hailing services such as Ola, Uber, is expected to develop growth opportunities for bike sharing, carpooling and ridesharing services in post COVID situation

Key Benefits For Stakeholders

  • This study presents analytical depiction of the global taxi market analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall taxi market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global taxi market with a detailed impact analysis.
  • The current taxi market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Booking Type

  • Online Booking
  • Offline Booking

By Service Type

  • Ride Hailing
  • Ride Sharing

By Vehicle Type

  • Cars
  • Motorcycle
  • Other

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK 
    • Germany 
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan 
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • ANI Technologies Pvt. Ltd.
  • Beijing Xiaoju Technology Co, Ltd.
  • Bolt Technology OU
  • Careem
  • Curb Mobility
  • Dubai Taxi Corporation
  • FREE NOW
  • Gett
  • Gojek Tech
  • Grab, Lyft, Inc, 
  • Maxi Mobility Spain
  • S.L., Nihon Kotsu Co., Ltd., 
  • Uber Technologies Inc.
  • Yandex
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Market share analysis (2019)
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Rising demand for ride-hailing and ride-sharing services
3.5.1.2.Increasing demand from online taxi booking channels
3.5.1.3.Increase in cost of vehicle ownership

3.5.2.Restraints

3.5.2.1.Improvement of public transportation
3.5.2.2.Varying government regulations on taxi services in different countries across the world

3.5.3.Opportunities

3.5.3.1.Development of Robo-taxies
3.5.3.2.Emergence of eco-friendly electric cab services

3.6.Impact of COVID-19 on market

3.6.1.Evolution of outbreaks

3.6.1.1.COVID-19

3.6.2.Micro economic Impact analysis

3.6.2.1.Consumer trends
3.6.2.2.Technology trends
3.6.2.3.Regulatory trends

3.6.3.Macro-economic Impact analysis

3.6.3.1.GDP
3.6.3.2.Import/Export Analysis
3.6.3.3.Employment Index
3.6.3.4.Macro-Economic Indicators Projections

3.6.4.Impact on taxi industry analysis

CHAPTER 4:TAXI MARKET, BY BOOKING TYPE

4.1.Overview
4.2.Online Booking

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Offline Booking

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:TAXI MARKET, BY SERVICE TYPE

5.1.Overview
5.2.Ride Hailing

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Ride Sharing

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

CHAPTER 6:TAXI MARKET, BY VEHICLE TYPE

6.1.Overview
6.2.Cars

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Motorcycle

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.Others

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

CHAPTER 7:TAXI MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by booking type
7.2.3.Market size and forecast, by service type
7.2.4.Market size and forecast, by vehicle type
7.2.5.Market size and forecast, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by booking type
7.2.5.1.2.Market size and forecast, by service type
7.2.5.1.3.Market size and forecast, by vehicle type

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by booking type
7.2.5.2.2.Market size and forecast, by service type
7.2.5.2.3.Market size and forecast, by vehicle type

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by booking type
7.2.5.3.2.Market size and forecast, by service type
7.2.5.3.3.Market size and forecast, by vehicle type

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by booking type
7.3.3.Market size and forecast, by service type
7.3.4.Market size and forecast, by vehicle type
7.3.5.Market size and forecast, by country

7.3.5.1.UK

7.3.5.1.1.Market size and forecast, by booking type
7.3.5.1.2.Market size and forecast, by service type
7.3.5.1.3.Market size and forecast, by vehicle type

7.3.5.2.Germany

7.3.5.2.1.Market size and forecast, by booking type
7.3.5.2.2.Market size and forecast, by service type
7.3.5.2.3.Market size and forecast, by vehicle type

7.3.5.3.France

7.3.5.3.1.Market size and forecast, by booking type
7.3.5.3.2.Market size and forecast, by service type
7.3.5.3.3.Market size and forecast, by vehicle type

7.3.5.4.Russia

7.3.5.4.1.Market size and forecast, by booking type
7.3.5.4.2.Market size and forecast, by service type
7.3.5.4.3.Market size and forecast, by vehicle type

7.3.5.5.Rest of Europe

7.3.5.5.1.Market size and forecast, by booking type
7.3.5.5.2.Market size and forecast, by service type
7.3.5.5.3.Market size and forecast, by vehicle type

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by booking type
7.4.3.Market size and forecast, by service type
7.4.4.Market size and forecast, by vehicle type
7.4.5.Market size and forecast, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by booking type
7.4.5.1.2.Market size and forecast, by service type
7.4.5.1.3.Market size and forecast, by vehicle type

7.4.5.2.Japan

7.4.5.2.1.Market size and forecast, by booking type
7.4.5.2.2.Market size and forecast, by service type
7.4.5.2.3.Market size and forecast, by vehicle type

7.4.5.3.India

7.4.5.3.1.Market size and forecast, by booking type
7.4.5.3.2.Market size and forecast, by service type
7.4.5.3.3.Market size and forecast, by vehicle type

7.4.5.4.Australia

7.4.5.4.1.Market size and forecast, by booking type
7.4.5.4.2.Market size and forecast, by service type
7.4.5.4.3.Market size and forecast, by vehicle type

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by booking type
7.4.5.5.2.Market size and forecast, by service type
7.4.5.5.3.Market size and forecast, by vehicle type

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by booking type
7.5.3.Market size and forecast, by service type
7.5.4.Market size and forecast, by vehicle type
7.5.5.Market size and forecast, by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by booking type
7.5.5.1.2.Market size and forecast, by service type
7.5.5.1.3.Market size and forecast, by vehicle type

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by booking type
7.5.5.2.2.Market size and forecast, by service type
7.5.5.2.3.Market size and forecast, by vehicle type

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by booking type
7.5.5.3.2.Market size and forecast, by service type
7.5.5.3.3.Market size and forecast, by vehicle type

CHAPTER 8:COMPANY PROFILES

8.1.ANI Technologies Pvt. Ltd.

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Product portfolio
8.1.4.Key strategic moves and developments

8.2.Beijing Xiaoju Technology Co, Ltd.

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio
8.2.4.Key strategic moves and developments

8.3.Bolt Technology OU

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Product portfolio
8.3.4.Key strategic moves and developments

8.4.Careem

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Product portfolio
8.4.4.Key strategic moves and developments

8.5.Curb Mobility

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Product portfolio
8.5.4.Key strategic moves and developments

8.6.Dubai Taxi Corporation

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Product portfolio
8.6.4.Key strategic moves and developments

8.7.FREE NOW

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Product portfolio
8.7.4.Key strategic moves and developments

8.8.Gett

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Product portfolio
8.8.4.Key strategic moves and developments

8.9.Gojek Tech

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio
8.9.4.Key strategic moves and developments

8.10.Grab

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Product portfolio
8.10.4.Key strategic moves and developments

8.11.Lyft, Inc

8.11.1.Company overview
8.11.2.Company snapshot
8.11.3.Operating business segments
8.11.4.Product portfolio
8.11.5.Business performance
8.11.6.Key strategic moves and developments

8.12.Maxi Mobility Spain, S.L.

8.12.1.Company overview
8.12.2.Company snapshot
8.12.3.Product portfolio
8.12.4.Key strategic moves and developments

8.13.Nihon Kotsu Co., Ltd.

8.13.1.Company overview
8.13.2.Company snapshot
8.13.3.Product portfolio
8.13.4.Key strategic moves and developments

8.14.Uber Technologies Inc.

8.14.1.Company overview
8.14.2.Company snapshot
8.14.3.Operating business segments
8.14.4.Product portfolio
8.14.5.Business performance
8.14.6.Key strategic moves and developments

8.15.Yandex

8.15.1.Company overview
8.15.2.Company snapshot
8.15.3.Operating business segments
8.15.4.Product portfolio
8.15.5. Business performance

LIST OF TABLES

TABLE 01.MACRO-ECONOMIC INDICATORS PROJECTIONS
TABLE 02.TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 03.ONLINE BOOKING TAXI MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 04.OFFLINE BOOKING TAXI MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 05.TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 06.RIDE HAILING TAXI MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 07.RIDE SHARING TAXI MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 08.TAXI MARKET, VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 09.CARS TAXI MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 10.MOTORCYCLE TAXI MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 11.OTHERS TAXI MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 12.TAXI MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 13.NORTH AMERICA TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 14.NORTH AMERICA TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 15.NORTH AMERICA TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 16.U.S. TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 17.U.S. TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 18.U.S. TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 19.CANADA TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 20.CANADA TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 21.CANADA TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 22.MEXICO TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 23.MEXICO TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 24.MEXICO TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 25.EUROPE TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 26.EUROPE TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 27.EUROPE TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 28.UK TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 29.UK TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 30.UK TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 31.GERMANY TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 32.GERMANY TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 33.GERMANY TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 34.FRANCE TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 35.FRANCE TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 36.FRANCE TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 37.RUSSIA TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 38.RUSSIA TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 39.RUSSIA TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 40.REST OF EUROPE TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 41.REST OF EUROPE TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 42.REST OF EUROPE TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 43.ASIA-PACIFIC TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 44.ASIA-PACIFIC TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 45.ASIA-PACIFIC TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 46.CHINA TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 47.CHINA TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 48.CHINA TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 49.JAPAN TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 50.JAPAN TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 51.JAPAN TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 52.INDIA TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 53.INDIA TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 54.INDIA TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 55.AUSTRALIA TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 56.AUSTRALIA TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 57.AUSTRALIA TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 58.REST OF ASIA-PACIFIC TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 59.REST OF ASIA-PACIFIC TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 60.REST OF ASIA-PACIFIC TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 61.LAMEA TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 62.LAMEA TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 63.LAMEA TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 64.LATIN AMERICA TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 65.LATIN AMERICA TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 66.LATIN AMERICA TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 67.MIDDLE EAST TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 68.MIDDLE EAST TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 69.MIDDLE EAST TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 70.AFRICA TAXI MARKET, BY BOOKING TYPE, 2019–2027 ($MILLION)
TABLE 71.AFRICA TAXI MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 72.AFRICA TAXI MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 73.ANI TECHNOLOGIES PVT. LTD.: COMPANY SNAPSHOT
TABLE 74.ANI TECHNOLOGIES PVT. LTD: PRODUCT PORTFOLIO
TABLE 75.ANI TECHNOLOGIES PVT. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 76.BEIJING XIAOJU TECHNOLOGY CO, LTD.: COMPANY SNAPSHOT
TABLE 77.BEIJING XIAOJU TECHNOLOGY CO, LTD.: PRODUCT PORTFOLIO
TABLE 78.BEIJING XIAOJU TECHNOLOGY CO, LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 79.BOLT TECHNOLOGY OU: COMPANY SNAPSHOT
TABLE 80.BOLT TECHNOLOGY OU: PRODUCT PORTFOLIO
TABLE 81.BOLT TECHNOLOGY OU: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 82.CAREEM: COMPANY SNAPSHOT
TABLE 83.CAREEM: PRODUCT PORTFOLIO
TABLE 84.CAREEM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 85.CURB MOBILITY : COMPANY SNAPSHOT
TABLE 86.CURB MOBILITY: PRODUCT PORTFOLIO
TABLE 87.CURB MOBILITY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 88.DUBAI TAXI CORPORATION: COMPANY SNAPSHOT
TABLE 89.DUBAI TAXI CORPORATION: PRODUCT PORTFOLIO
TABLE 90.DUBAI TAXI CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 91.FREE NOW: COMPANY SNAPSHOT
TABLE 92.FREE NOW: PRODUCT PORTFOLIO
TABLE 93.FREE NOW: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 94.GETT: COMPANY SNAPSHOT
TABLE 95.GETT: PRODUCT PORTFOLIO
TABLE 96.GETT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 97.GOJAK TECH: COMPANY SNAPSHOT
TABLE 98.GOJAK TECH: PRODUCT PORTFOLIO
TABLE 99.GOJEK TECH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100.GRAB: COMPANY SNAPSHOT
TABLE 101.GRAB: PRODUCT PORTFOLIO
TABLE 102.GRAB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 103.LYFT, INC.: COMPANY SNAPSHOT
TABLE 104.LYFT, INC.: OPERATING SEGMENTS
TABLE 105.LYFT, INC.: PRODUCT PORTFOLIO
TABLE 106.LYFT, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 107.MAXI MOBILITY SPAIN, S.L. : COMPANY SNAPSHOT
TABLE 108.MAXI MOBILITY SPAIN, S.L.: PRODUCT PORTFOLIO
TABLE 109.MAXI MOBILITY SPAIN, S.L. : KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 110.NIHON KOTSU CO., LTD.: COMPANY SNAPSHOT
TABLE 111.NIHON KOTSU CO., LTD.: PRODUCT PORTFOLIO
TABLE 112.NIHON KOTSU CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113.UBER TECHNOLOGIES INC: COMPANY SNAPSHOT
TABLE 114.UBER TECHNOLOGIES INC: OPERATING SEGMENTS
TABLE 115.UBER TECHNOLOGIES INC: PRODUCT PORTFOLIO
TABLE 116.UBER TECHNOLOGIES INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 117.YANDEX: COMPANY SNAPSHOT
TABLE 118.YANDEX: OPERATING SEGMENTS
TABLE 119.YANDEX: PRODUCT PORTFOLIO
TABLE 120.YANDEX: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017–2021*
FIGURE 07.TOP WINNING STRATEGIES, BY YEAR, 2017–2021*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017–2021*
FIGURE 09.MOMODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 10.LOW-MODERATE THREAT OF NEW ENTRANTS
FIGURE 11.MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 12.LOW-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.MARKET SHARE ANALYSIS (2019)
FIGURE 15.TAXI MARKET SHARE, BY BOOKING TYPE, 2019–2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF ONLINE BOOKING TAXI MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF OFFLINE BOOKING TAXI MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 18.TAXI MARKET SHARE, BY SERVICE TYPE, 2019–2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF RIDE HAILING TAXI MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF RIDE SHARING TAXI MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 21.TAXI MARKET SHARE, BY VEHICLE TYPE, 2019–2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF CARS TAXI MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF MOTORCYCLE TAXI MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF OTHERS TAXI MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 25.TAXI MARKET, BY REGION, 2019–2027 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF TAXI MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 27.U.S. TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 28.CANADA TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 29.MEXICO TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF TAXI MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 31.UK TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 32.GERMANY TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 33.FRANCE TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 34.RUSSIA TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 35.REST OF EUROPE TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 36.COMPARATIVE SHARE ANALYSIS OF TAXI MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 37.CHINA TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 38.JAPAN TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 39.INDIA TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 40.AUSTRALIA TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 41.REST OF ASIA-PACIFIC TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 42.COMPARATIVE SHARE ANALYSIS OF TAXI MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 43.CHINA TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 44.MIDDLE EAST TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 45.AFRICA TAXI MARKET, 2019–2027 ($MILLION)
FIGURE 46.LYFT, INC.: NET SALES, 2017–2019 ($MILLION)
FIGURE 47.UBER TECHNOLOGIES INC: NET SALES, 2017–2019 ($MILLION)
FIGURE 48.UBER TECHNOLOGIES INC: NET SALES SHARE BY SEGMENT, 2019 (%)
FIGURE 49.UBER TECHNOLOGIES INC: SALES SHARE BY REGION, 2019 (%)
FIGURE 50.YANDEX: REVENUE, 2018–2020 ($MILLION)
FIGURE 51.YANDEX: REVENUE SHARE BY SEGMENT, 2020 (%)

 
 

The taxi market is projected to witness considerable growth, owing to rise in the preference for carpool and bike pool services among the regular office commuters, drastic increase in the services offered by the leading players, including Uber and Ola and rise in demand for ride-hailing and ride-sharing services.

The factors such as surge in demand for ride-hailing and ride-sharing services, increase in demand from online taxi booking channels, and rise in cost of vehicle ownership are anticipated to drive the market growth. However, improvement of public transportation and varying government regulations on taxi services in different countries across the world hinder the market growth. Further, development of robo-taxies and emergence of eco-friendly electric cab services are some of the factors expected to offer lucrative opportunities for market growth during the forecast period.

Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by Europe, North America, and LAMEA. On the basis of forecast analysis, LAMEA is expected to maintain its lead during the forecast period, owing to the technological advancements, rise in preference amongst the people for ride-sharing services which would reduce traffic congestion, and supportive government policies for taxi services.

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FREQUENTLY ASKED QUESTIONS?
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A. The global taxi market was valued at $69,187.00 million in 2019, and is projected to reach $120,890.00 million by 2027, registering a CAGR of 12.3% from 2020 to 2027.

A. In most of the countries across the world, shops and businesses have shuttered and offices have emptied out, and this has resulted in decrease in demand for taxi services. Social distancing norms and regulations implemented by government and healthcare authorities encourage citizens to maintain a two-meter distance from other persons for safety. This has restricted the usage of ride sharing services for daily commute. Users prefer to travel in their own vehicles due to health and safety concerns, hampering the market size in 2020.

A. The sample for global taxi market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. There are certain upcoming trands in taxi such as development of Robo-Taxies and emergence of eco-friendly electric cab services

A. The key growth strategies adopted by the taxi industry players includes collaboration, product launch, agreement and partnership. These strategies opted by various industry players is leading to the growth of the taxi services market as well as the players.

A. The company profiles of the top market players of taxi service industry can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the taxi market.

A. Asia-Pacific region is leading the market presently in terms of revenue. However, LAMEA and Europe region is expected to provide more business opportunities for the key players operating in the global taxi market.

A. By vehicle type, motorcycle segment is expacted to gain traction over the forecast period as well as domainate the market share in the global taxi market

A. Mexico, Africa and Middle East has wirnessed as a key matured markets growing in the global taxi market

A. Development of Robo-Taxies and emergence of eco-friendly electric cab services have strong impact on the global taxi market

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