Press release
Taxi Market Poised to Reach $ 298.3 Billion 2023-2028, Driven by Impressive 4.93% CAGR: IMARC Group
Taxi Market Share 2023
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, also known as a cab, is a transportation service that provides on-demand rides to passengers. It plays a vital role in urban and suburban transportation systems and offers convenient and flexible mobility options. It is usually operated by professional drivers who are licensed to provide transportation services to individuals and groups. It can be easily called over on the street, booked through phone calls or mobile apps, or stationed at designated taxi stands. It provides a door-to-door service, which makes it a popular choice for both local commuters and travelers seeking reliable transportation solutions.
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Taxi Market Trends and Drivers:
At present, the increasing demand for efficient and accessible transportation services among individuals across the globe represents one of the major factors supporting the growth of the market. In addition, the growing number of ride-hailing and ride-sharing platforms around the world are offering a positive market outlook. Furthermore, the rising adoption of online platforms, as it offers ease of booking, real-time tracking, and transparent pricing, is bolstering the growth of the market. Apart from this, the increasing focus on eco-friendly transportation solutions is contributing to the growth of the market. Moreover, the rising integration of autonomous driving technology to enhance user experience is strengthening the growth of the market.
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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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Contact US
IMARC Group
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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