Global Online Taxi Services Market Report 2022 – Market Forecast, Trends And Strategies
27 Jun, 2022
The global online taxi services market size is expected to grow from $31.03 billion in 2021 to $34.82 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The online taxi service market is then expected to grow to $53.48 billion in 2026 at a CAGR of 11.3%.
What is the Global Online Taxi Services Market?
The online taxi services market consists of sales of taxi services and related goods by entities (organizations, sole traders, and partnerships) that provide passenger transportation by automobile or van through online reservations or on a booking basis. This industry comprises establishments primarily engaged in providing passenger transportation by taxi that is booked by using a mobile application. These companies use online platforms and mobile applications to offer their services to customers. Examples include Uber, Lyft, and Didi. Taxis booked online through an app are mentioned in the report as ride-hailing services. This does not include taxis stopped on roadsides. Only goods and services traded between entities or sold to end consumers are included.
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What drives the Global Online Taxi Services Market?
Rising internet penetration drives the demand for the online taxi services market. The availability of high-speed internet connectivity and convenience associated with using online services is shifting consumer preferences towards online taxi services. According to the Internet World Stats, the number of internet users increased from 4,208 million to 4,833 million in June 2020. Furthermore, internet users in India are expected to grow from 636.73 million in 2019 to 974.86 million by the end of 2025. A growing number of internet users with smartphones now have taxi services at their fingertips that give the drivers’ details and location and benefit the user and thereby fuel the demand for the online taxi services market.
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Global Online Taxi Services Market Segments
The global online taxi services market is segmented:
By Service Type: Ride-Hailing, Ride Sharing
By Vehicle Type: Motorcycles, Cars
By Payment Mode: Online, Cash
By Ride Type: Individual, Carpool/ Share
By Geography: The regions covered in the online taxi services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Online Taxi Services Global Market Report 2022provides market size and growth forecasts for the global online taxi services market, global online taxi services market share, online taxi services market segments and geographies, online taxi services market competitive landscape including leading competitors’ revenues, profiles and market shares. The online taxi services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Online Taxi Services Industry Playersinclude Ola (ANI Technologies Private Limited), Uber India Systems Private Limited, Lyft Inc., Didi Chuxing, GrabTaxi Holdings Pte Ltd, Carzonrent (India) Private Limited, Mega Cabs Private Limited, Meru Mobility Tech Private Limited, and Savaari Car Rentals Private Limited. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.