Taxi and limousine service companies offer passenger transportation services via taxi and limousine.
Taxi and Limousine Services Global Market Size
The global taxi and limousine services market was valued at $94 billion in 2017. Western Europe was the largest geographic region accounting for $31.5 billion or 33.5% of the global market. The USA was the largest country accounting for $12.0 billion or 20.2% of the global taxi and limousine services market.
Taxi and Limousine Services Global Market Trend
Shared transportation system is growing in transit and ground passenger transportation industry owing to cost benefits this system offers to citizens. Shared transportation combines passenger transportation services such as drivers, taxis, bikes, and buses under a single platform. Its members can avail services of a transportation system by paying a subscription fee or a one-time fare, as well as can earn money by sharing their own vehicles. For instance, in 2013, US-based startup Downtown Project launched the Project 100 transportation system for Las Vegas. It is a complete transportation system that allows users to borrow bikes, shuttles, and small electric cars, and gets a driver by paying a subscription fee. Other examples include ride sharing companies such as BlaBlaCar and Drivezy, which allow users to rent vehicles of their choice by paying a membership fee or fare. Uber, on demand cab transportation service provider is also offering shared ride service known as uberPOOL.
The companies covered are Uber, Lyft, Yellow Cab, Limo City, and Eti Taxi Service.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Taxi and Limousine Services Global Market Segmentation
The taxi and limousine services market is segmented into Mobile Application Based Taxi Services, and Other Taxi Services.
Mobile Application Based Taxi Services comprises establishments primarily engaged in providing passenger transportation by taxi that are booked using a mobile application.
Other Taxi Services comprises establishments primarily engaged in providing passenger transportation by taxi that are booked using a telephonic service or by helpdesk representatives.