Taxi And Limousine Services Market Is Likely To See Huge Rise In Growth, Demand And Outlook 2030

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According to The Business Research Company's taxi and limousine services market report, the global taxi and limousine services market is expected to decline from $83.0 billion in 2019 to $46.7 billion in 2020 at a compound annual growth rate (CAGR) of -43.7%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6.5% from 2021 and reach $94.4 billion in 2023.
Hiring a taxi cab has become much easier, when compared to earlier days. Currently, a passenger can book a cab for a desired destination along with the driver information, live tracking, cashless travel, and SOS apps, at the touch of a button. Technology advances have boosted the demand for taxi services, as passengers can access various cab facility providers and book a cab for a comfortable, safe, and secure journey.

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The taxi and limousine services market is segmented -
• By Type Of Service - Online Taxi Services, Tele And Offline Taxi Services, Limousine Services
• By Vehicle Type - Cars, Motorcycles, Others
• By Payment Mode - Online, Cash
• By Ride Type - Individual, Car Pool/Share
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the taxi and limousine services market.

Major competitors in the taxi and limousine services market include Uber Technologies, Inc., Didi Chuxing Technology Co., Lyft, Inc., Grab Holdings Inc., Gett, Inc.

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The taxi and limousine services market consist of sales of taxi and limousine services by entities (organizations, sole traders and partnerships) that provide passenger transportation via automobiles or vans, or provide an array of specialty and luxury passenger transportation services via limousine or luxury sedan, generally on a reserved basis. Taxi and limousine services establishments usually provide services on demand. These establishments do not operate over regular routes and on regular schedules.

The Table Of Content For The Taxi and limousine services market Include:
1 Taxi And Limousine Services Market Executive Summary
2 Table Of Contents
3 List Of Figures
4 List Of Tables
5 Report Structure
......
28 Key Mergers And Acquisitions In The Taxi And Limousine Services Market
29 Market Background: Transit And Ground Passenger Transportation
30 Global Taxi And Limousine Services Market Opportunities And Strategies
31 Taxi And Limousine Services Market, Conclusions And Recommendations
32 Appendix

The Business Research Company's "Global Taxi And Limousine Services Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.

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