How Big is The Taxi Market:
IMARC Group, a leading market research company, has recently releases report titled “Taxi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The global taxi market size reached US$ 221.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 298.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.93% during 2023-2028.
A taxi, commonly referred to as a cab, is a mode of transportation that provides on-demand services for passengers seeking convenient and efficient travel. It is generally characterized by its distinctive markings and is readily available for hire either through street hailing or advanced booking via mobile apps or phone calls. It is driven by professional drivers who are trained to navigate traffic and provide passengers with a safe and reliable means of reaching their destinations. As it is a cost-effective, flexible, and time-saving transportation solution for individuals, the demand for taxis is rising across the globe.
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Taxi Market Trends and Drivers:
At present, the increasing popularity of online apps to book taxis with a few taps on their smartphones due to enhanced convenience represents one of the key factors contributing to the growth of the market. Besides this, the rising preference for eco-friendly transportation solutions to reduce carbon footprint is strengthening the market growth. Moreover, the increasing adoption of efficient and accessible transportation services among the masses is bolstering the growth of the market. Apart from this, the rising integration of autonomous driving technologies in taxis to improve the safety of passengers and drivers is propelling the growth of the market. Furthermore, the growing popularity of ride-sharing, along with the wide availability of taxi-hailing apps, is offering a positive market outlook.
Who are The Key Players Operating in The Industry?
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- ANI Technologies Pvt. Ltd
- Bolt Technologies OU
- Curb Mobility LLC
- Dubai Taxi Corporation
- Flywheel
- Free Now
- Gojek Tech
- Lyft Inc.
- Nihon Kotsu Co. Ltd.
- Uber Technologies Inc.
Booking Type:
- Online Booking
- Offline Booking
Service Type:
- Ride Hailing
- Ride Sharing
Vehicle Type:
- Cars
- Motorcycle
- Others
By Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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