About Taxi-
A taxi, also known as a taxicab or simply a cab, is a type of vehicle for hire with a driver, used by a single passenger or small group of passengers, often for a non-shared ride. A taxicab conveys passengers between locations of their choice. A taxi is usually preferred due to the convenience it provides. A customer can book a taxi using a message or a call. Moreover, passengers also have an option to book online through different mobile applications on their smartphones. The increasing use of online taxi booking channels is one of the primary factors driving the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global taxi market is fragmented due to the presence of various major players. The players are focusing on investing more in launching products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Taxi- market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Uber Technologies, Inc. (United States), Lyft, Inc. (United States), Ola Cabs (India), Didi Chuxing Technology Co. (China), Gett (Israel), Yellow Cab (United States), Bolt (Estonia), Curb Mobility, LLC (United States), Via Transportation, Inc. (United States) and FREENOW (Canada) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are FlixBus (Germany), Cabify (Spain), Blacklane (Germany) and Gojek (Indonesia).
Segmentation Overview
AMA Research has segmented the market of Global Taxi- market by and Region.
On the basis of geography, the market of Taxi- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Sharing will boost the Taxi- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Booking , the sub-segment i.e. Online will boost the Taxi- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Airport Taxi Service will boost the Taxi- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Class, the sub-segment i.e. Economic will boost the Taxi- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vechile, the sub-segment i.e. Cars will boost the Taxi- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Use of Online Taxi Booking Services
Market Growth Drivers:
Customers Preferring Non-Sharing Taxi Services for Personal Safety and Hygiene and Flexibility in Choosing the Pick-Up and Drop-Off Locations
Challenges:
High Competition from Public Transportation and 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 Leaders and their expansionary development strategies
In December 2023, Uber partnered with Citymapper, a popular urban mobility app in London, to integrate public transportation options into the Uber app. This partnership aims to offer users a seamless multimodal travel experience, combining ride-hailing with buses, trains, and other public transportation services.
In November 2023, Lyft announced a partnership with car rental giant Hertz to offer electric vehicle rentals through the Lyft app. This collaboration aims to expand access to electric vehicles and promote sustainable transportation options.
Key Target Audience
Taxi Manufacturers, Taxi Suppliers and Distributors, Regulatory Bodies, New Entrants, Potential Investors, Taxi Service Providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.