Online taxi

Convenience factors and internet accessibility are key factors driving the online taxi services market

Global Online Taxi Services Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

Global Online Taxi Services Market Report by Business Research Company 2022 – Global Market Size, Trends and Forecast 2022-2026

LONDON, GREATER LONDON, UK, April 15, 2022 /EINPresswire.com/ — Rising internet penetration is driving demand for growth in the online taxi services market. The availability of high-speed Internet connectivity and the convenience associated with using online services are shifting consumer preferences towards online taxi services. According to 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 increase from 636.73 million in 2019 to 974.86 million by the end of 2025. According to the analysis of the online taxi services market, an increasing number of Internet users equipped with smartphones now have taxi services at their fingertips which give the coordinates and location of the drivers and benefit the user and thus fuel market demand.

The global online taxi services market size is expected to grow from USD 31.03 billion in 2021 to USD 34.82 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The online taxi services market share is then expected to reach $53.48 billion in 2026 with a CAGR of 11.3%.

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The online taxi services market overview shows that the launch of self-driving taxi services is gaining popularity. The major players operating in the industry are constantly focusing on introducing innovations and technologies to better meet the needs of the consumers. For example, in August 2020 AutoX, a self-driving startup, announced the public launch of robo-taxi services in China.

The major players covered in the global online taxi services industry are 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.

Asia-Pacific was the largest region in the online taxi services market in 2021. Western Europe was the second largest region in the online taxi services market. Regions covered in the Online Taxi Services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.

TBRC’s Global Online Taxi Services Market report is segmented by Service Type into Ride-Sharing, Ride-Sharing, by Vehicle Type into Motorcycles, Cars, by Online Payment Method, by Cash, by Type of Ride-Along , carpooling / sharing.

Global Online Taxi Services Market Report 2022 – By Service Type (Ride-Hailing, Carpooling), By Vehicle Type (Motorcycles, Cars), By Payment Method (Online, Cash), By Ride Type (Individual, Carpooling/Sharing) – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports from The Business Research Company that provides an overview of the global online taxi services market, forecasts the size and growth of the Online Taxi Services market for the overall market, Online Taxi Services market segments, geographies, Online Taxi Services market trends, Online Taxi Services market drivers , restraints, revenue, profiles and market shares of key competitors.

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