Global Taxi and Limousine Services Market Overview:
Taxis, limousines, and other vehicles are used for transportation by Taxi and Limousine Services. Industry services are not delivered along a single path or on a single schedule. Over the last five years, demand for industry services has soared as the US economy's expansion has increased corporate expense accounts and prompted everyday consumers to spend more on small conveniences and luxuries like taxi and limousine rides. The proliferation of ride-sharing platforms has had a significant impact on industry operations.
Growth Drivers
- Increased Demand from Corporate and Tourism Sector
- Growing Adoption of Online Platforms
Roadblocks
- Covid19 Pandemic may hamper the Market Growth
- High Cost of Limousine Services
Opportunities
- Rising Opportunities in Emerging Economics
Challenges
- Increasing Investments in the Public Transport
Competitive Landscape:
The demand for Taxi and Limousine Services is increasing. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position. Players are expected to focus on the creation of new compounds, which would likely drive the worldwide market forward over the forecast period.
Some of the key players profiled in the report are Uber Technologies Inc (United States), Carey International, Inc. (United States), Easy Taxi (United Kingdom), Blue Bird Group (Indonesia), EmpireCLS (United States), Lyft (United States), Air Brook Limousine (United States), BostonCoach (United States), Yellow Cab Company (United States) and Blacklane (Germany). Additionally, following companies can also be profiled that are part of our coverage like Premier Transportation, Astro Taxi Ltd. (Canada) and Grab (Thailand). Analyst at AMA Research see United States Vendors to retain maximum share of Global Taxi and Limousine Services market by 2027. Considering Market by Fleet Type, the sub-segment i.e. Sedans/SUVs will boost the Taxi and Limousine Services market. Considering Market by Services, the sub-segment i.e. Taxi leasing services will boost the Taxi and Limousine Services market. Considering Market by Type, the sub-segment i.e. Online Taxi and Limousine Services will boost the Taxi and Limousine Services market. Considering Market by Ride Type, the sub-segment i.e. Personal ride will boost the Taxi and Limousine Services market.
In July 2021 Blacklane had announced collaboration with Silversea. Silversea Cruises is the first cruise line to provide guests with standard door-to-door service. Guests will have the option of being picked up from their homes in a private chauffeured vehicle and transferred up to 50 miles to their local airport or directly to the ship, thanks to a partnership with Blacklane.
What Can be Explored with the Taxi and Limousine Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Taxi and Limousine Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Taxi and Limousine Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Taxi and Limousine Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Taxi and Limousine Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Corporate Sector and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.