Market Snapshot:
The on demand taxi services is a type of vehicle leasing service, which includes hiring the service of a driver along with the vehicle. On demand taxi services can be availed by a single or multiple passengers on basis of sharing and non-sharing This industry comprises establishments primarily engaged in providing passenger transportation by taxi that are booked by using a mobile application. These companies use online platforms and mobile applications to offer their services to customers. Examples include Uber, Lyft, and Didi. Taxis booked online through an app are mentioned in the report as ride-hailing services. This does not include taxis stopped on roadsides. Only goods and services traded between entities or sold to end consumers are included.
Highlights from On Demand Taxi Services Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Manufacturers profiled in the report are ANI Technologies Private Limited (India), Uber India Systems Private Limited (India), Lyft Inc. (United States), Didi Chuxing (China), GrabTaxi Holdings Pte Ltd (United Kingdom), Carzonrent (India) Private Limited (India), Mega Cabs Private Limited (India), Meru Mobility Tech Private Limited (India), Savaari Car Rentals Private Limited (India) and Go-Jek (Indonesia). Additionally, other players that are part of this comprehensive study are Kabbee (United Kingdom), Hailo (United Kingdom) and Yellow Cab (United States).
Geographic Breakdown and Segment Analysis
The Global On Demand Taxi Services market presents a comprehensive analysis of the On Demand Taxi Services market and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global On Demand Taxi Services industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the On Demand Taxi Services market
Analyst at AMA have segmented the market study of Global On Demand Taxi Services market by Type, Application and Region.
Market Growth Drivers:
Increase In Demand Of Vehicles And Ease Of Transportation and Big Accessible Platform And High-Revenue Generating Platform
Challenges:
Increase In Congestion On Roads
Restraints:
Government Rules And Regulations Regarding Road And Driver Safety
Opportunities:
Rise In Population And Changing Preferences In Travelling
Market Developments Activities:
On 29 January 2021 Uber’s plan to acquire Autocab, a maker of SaaS for booking and dispatch software for the taxi and private-hire vehicle industry, which also operates a global trip marketplace for taxis and PHVs (iGo), is being looked at by the U.K.’s competition watchdog — which announced the launch of an inquiry
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Key Target Audience
On Demand Taxi Services Manufactures, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others