Taxi Market Is Likely to Experience a Tremendous Growth by 2029

Taxi market is anticipated to grow at a significant CAGR of 10.1% during the forecast period. One of the core factors that is fueling the market is the growing tour and travel sector across the globe. Tours and traveling have been growing for years owing to several reasons such as visiting, functions, studies, jobs, business, and others. As per the World Bank 2019 data of International tourism, the total receipts reached $1.86 trillion in 2019. This has impacted the taxi market positively as taxis are easy to find, and book for the exact destination location.

The global taxi market is segmented based on booking type, service type, and vehicle type. Based on the booking type, the market is segmented into online booking and offline booking. Based on the service type, the market is sub-segmented into ride-hailing, and ride-sharing. Based on the vehicle type, the market is sub-segmented into two-wheeler, three-wheeler, and four-wheelers. The above-mentioned segments can be customized as per the requirements. Among the service type, the ride-hailing segment is anticipated to grow significantly over the forecast period.

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Market Coverage

• The market number available for - 2021-2029

• Base year- 2021

• Forecast period- 2023-2029

Segment Covered-

· By Propulsion Type

· By Vehicle Type

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- including A to Z Universal Solutions Pvt. Ltd. (eee-Taxi), Blu-Smart Mobility Pvt Ltd., Connexxion, OLA Group, Travel Electric BV, and others.

Taxi Market Segmentation

By Booking Type

• Online Booking

• Offline booking

By Service Type

• Ride-Hailing

• Ride-Sharing

By Vehicle Type

• Two Wheeler

• Three Wheeler

• Four Wheeler

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Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Bolt Technology OÜ

• Cabify group

• Curb Mobility, LLC

• Dubai Taxi Corp. (DTC)

• FREE NOW

• Gett

• Gojek tech

• Grab Holdings Inc.

• Nihon Kotsu Co., Ltd.

• Roppen Transportation Services Pvt. Ltd. (Rapido)

• Yandex.Taxi LLC

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