Global Taxi Market Research Report Information by Booking Type, By Vehicle Type And By Service Type By Region -Industry Forecast Till 2030

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Global Taxi Market Research Report Information by Booking Type (Online Booking, Offline Booking), By Vehicle Type (Motorcycles, Cars, Other Vehicle) And By Service Type (Ride-Hailing, Ride-Sharing) By Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) -Industry Forecast Till 2030

Market Overview

The taxi market was estimated at USD 246.3 billion in 2022. The Taxi Market sector is expected to increase from USD 259.8 billion in 2023 to USD 394.8 billion by 2030, with a compound annual growth rate (CAGR) of 6.2% over the forecast period (2023- 2030). The industry that provides passenger transportation services via taxis or cabs is known as the global taxi market. Taxi service, a type of vehicle leasing, requires the hiring of both a driver and a vehicle.

Depending on the sharing or non-sharing option, a single or a group of people may employ a taxi service. It transports passengers to and from destinations of their choosing. A passenger who hires a cab has more control over the pickup and drop-off locations than a person who takes public transportation. It is ideal for time-constrained travelers.

One of the primary drivers of market growth is the increased usage of online cab booking platforms, owing to the convenience they provide to customers. They also offer flexible pick-up and drop-off locations, as well as simple online payment options.

As the internet and smartphones become more extensively utilized, individuals are increasingly preferring online booking over offline booking due to the convenience of the app. The availability of information on the app, such as the driver's location, an estimated ride cost, the driver's contact information, and vehicle information, has also contributed to the rise in customer preference for online booking.

Market Segment Insights

The Taxi Market is divided into two segments based on the kind of booking: online booking and offline booking.

The Taxi Market segmentation, based on filter medium, the market has been classified as Car, Motorcycles, and Other Vehicle. Online booking is predicted to rise over the forecast period.

The worldwide taxi market is divided into two segments based on vehicle type: ride-hailing and ridesharing. Online booking is predicted to rise over the forecast period.

Regional insights

In terms of revenue, Asia-Pacific dominates the taxi market. Because of the presence of populous and developing countries such as China, India, and others in the region, Asia-Pacific is expected to maintain a substantial market share throughout the projected period. Because of the area's large population and a dearth of personal vehicles, many residents rely on taxis, buses, trains, and other modes of transportation. Taxi services are in high demand due to the widespread reliance on both public and private transportation.

The European taxi industry is rapidly changing as a result of shifting consumer preferences, government regulations, and technology advancements. Some of the leading cab businesses are headquartered in Europe. Consider the European headquarters of Free Now, Kabbee Exchange Ltd., Bolt Technologies OU, and BlaBlaCar. To remain competitive in the market, these firms contribute significantly to market growth through a range of techniques such as mergers and acquisitions, collaborations, finance, and the introduction of new goods. Market participants are increasingly turning to digital booking and payment solutions to adapt to the changing environment.

The North American taxi sector is expected to grow dramatically in the next years as a result of a variety of factors such as urbanization, increased demand for ride-hailing services, and the need for efficient transportation options. Across North America, people can choose between traditional taxi services and ride-hailing services such as Uber and Lyft. The growing popularity of ridesharing services is due to their low cost and convenience.

Major Players

Uber Technologies Inc., DiDi Global Inc., ANI Technologies Pvt. Ltd., BlaBlaCar, CURB MOBILITY, LLC, FlYWHEEL, FREE NOW, Gojek Tech, Grab Holdings Inc., and Ola Cabs are major companies in the global taxi industry.

Product Code: MRFR/AM/19833-CR

1 EXECUTIVE SUMMARY

1.1 GLOBAL TAXI MARKET, BY BOOKING TYPE
1.2 GLOBAL TAXI MARKET, BY VEHICLE TYPE
1.3 GLOBAL TAXI MARKET, BY SERVICE TYPE
1.4 GLOBAL TAXI MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 OVERVIEW
4.2 DRIVERS
- 4.2.1 INCREASE IN DEMAND FROM ONLINE TAXI BOOKING CHANNELS
- 4.2.2 INCREASING BUSINESS TRAVEL & TOURISM
4.3 RESTRAINTS
- 4.3.1 CHANGING REGULATIONS AND COMPLIANCE CAN BE EXPENSIVE
4.4 OPPORTUNITIES
- 4.4.1 ADOPTION OF ELECTRIC AND AUTONOMOUS VEHICLES
4.5 IMPACT ANALYSIS OF COVID-19
- 4.5.1 IMPACT ON OVERALL AUTOMOTIVE INDUSTRY
- 4.5.2 ECONOMIC IMPACT
- 4.5.3 IMPACT ON TAXI MARKET
- 4.5.4 IMPACT ON THE SUPPLY CHAIN OF TAXI SERVICES
  - 4.5.4.1 DISRUPTIONS IN VEHICLE SUPPLY
  - 4.5.4.2 FINANCIAL STRAIN ON TAXI OPERATORS
- 4.5.5 IMPACT ON MARKET DEMAND OF TAXI SERVICES
  - 4.5.5.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN
- 4.5.6 IMPACT ON PRICING OF TAXI SERVICES

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 SUPPLIERS
- 5.1.2 VEHICLE ACQUISITION
- 5.1.3 FLEET MANAGEMENT
- 5.1.4 DRIVER MANAGEMENT
- 5.1.5 END USERS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY

6 GLOBAL TAXI MARKET, BY BOOKING TYPE

6.1 OVERVIEW
6.2 ONLINE BOOKING
6.3 OFFLINE BOOKING

7 GLOBAL TAXI MARKET, BY VEHICLE TYPE

7.1 OVERVIEW
7.2 MOTORCYCLES
7.3 CARS
7.4 OTHER VEHICLE

8 GLOBAL TAXI MARKET, BY SERVICE TYPE

8.1 OVERVIEW
8.2 RIDE-HAILING
8.3 RIDE-SHARING

9 GLOBAL TAXI MARKET, BY REGION

9.1 OVERVIEW
9.2 NORTH AMERICA
- 9.2.1 US
- 9.2.2 CANADA
- 9.2.3 MEXICO
9.3 EUROPE
- 9.3.1 GERMANY
- 9.3.2 DENMARK
- 9.3.3 UK
- 9.3.4 ITALY
- 9.3.5 REST OF EUROPE
9.4 ASIA-PACIFIC
- 9.4.1 CHINA
- 9.4.2 INDIA
- 9.4.3 JAPAN
- 9.4.4 AUSTRALIA
- 9.4.5 REST OF ASIA-PACIFIC
9.5 MIDDLE EAST & AFRICA
- 9.5.1 SAUDI ARABIA
- 9.5.2 UAE
- 9.5.3 SOUTH AFRICA
- 9.5.4 REST OF MIDDLE EAST & AFRICA
9.6 SOUTH AMERICA
- 9.6.1 BRAZIL
- 9.6.2 ARGENTINA
- 9.6.3 REST OF SOUTH AMERICA

10 COMPETITIVE LANDSCAPE

10.1 OVERVIEW
10.2 COMPETITIVE BENCHMARKING
10.3 KEY PLAYERS MARKET SHARE ANALYSIS
- 10.3.1 GLOBAL TAXI MARKET SHARE ANALYSIS, 2022 (%)
10.4 KEY DEVELOPMENTS IN THE GLOBAL TAXI MARKET
- 10.4.1 PRODUCT LAUNCH
- 10.4.2 MERGER & ACQUISITION
- 10.4.3 PARTENERSHIP
- 10.4.4 EXPANSION

11 COMPANY PROFILES

11.1 UBER TECHNOLOGIES, INC.
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS/SERVICES OFFERED
- 11.1.4 KEY EVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGIES
11.2 BOLT TECHNOLOGY OU
- 11.2.1 COMANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS/SERVICES OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY TRATEGIES
11.3 DIDI GLOBAL INC.
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGIES
11.4 GRAB
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS/SERVICES OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGIES
11.5 ANI TECHNOLOGIES PVT. LTD.
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 SERVICES OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGIES
11.6 BLABLACAR
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 SERVICES OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 SWOT ANALYSIS
- 11.6.6 KEY STRATEGIES
11.7 CURB MOBILITY, LLC.
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS OFFERED
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWO ANALYSIS
- 11.7.6 KEY STRATEGIES
11.8 FLYWHEEL
- 11.8.1 COMANY OVERVIEW
- 11.8.2 FINACIAL OVERVIEW
- 11.8.3 PROUCTS OFFERED
- 11.8.4 KEY EVELOPMENTS
- 11.8.5 SWOTANALYSIS
- 11.8.6 KEYS STRATEGIES
11.9 FREE NOW
- 11.9.1 COPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 SERVICES OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGIES
11.10 GOJEK TECH
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 . FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS OFFERED
- 11.10.4 KEY DEVELOPMENTS
- 11.10.5 SWOT ANALYSIS
- 11.10.6 KEY TRATEGIES