Press release
Cab Services Market Will Hit At CAGR Of 8.46% During Years 2017-2021
A cab or taxi service is a type of vehicle for hire with a driver, used by a single or small group of passengers on either sharing or non-sharing basis. The passenger hires a taxi for a defined route, which is pre-decided by the customer passenger. The taxi cab conveys passengers between locations of their choice. The cab service differs from other modes of public transport, where the pick-up and drop-off service locations are determined by the service provider and not by the passenger.
Technavios analysts forecast the global cab services market to grow at a CAGR of 8.46% during the period 2017-2021 .
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Covered in this report
The report covers the present scenario and the growth prospects of the global cab services market for 2017-2021 . To calculate the market size, the report considers the revenue generated by different cab operators from passenger customers that hire various cab services for different routes. These cab services include e-hailing, car rental, radio cabs, and offline unorganized cabs.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Cab Services Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
BMW Group
Didi Chuxing
Daimler
Lyft
Uber
Other prominent vendors
BiTaksi
Cabify
Grab
Gett
GoCatch
Ingogo
LeCab
Ola
Market driver
Growing use of cashless transaction in e-hailing and integration with digital wallets
For a full, detailed list, view our report
Market challenge
Threat from regional cab service providers
For a full, detailed list, view our report
Market trend
Technological developments in taxi market
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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