Online taxi

Global Online Taxi Services Industry to Over $31 Billion by 2031 – Identifying Growth Segments for Investment – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Global Online Taxi Services Market Report 2022: By Vehicle Type, By Payment Method, By Ride Type” has been added to from ResearchAndMarkets.com offer.

It provides strategists, marketers, and senior management with the essential information they need to assess the global Online Taxi Services market.

This report focuses on the high growth online taxi services market. The report gives a guide to the Online Taxi Services market that will shape and change our lives over the next decade and beyond, including the market response to the challenge of the global pandemic.

The global online taxi services market 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 market is expected to reach $53.48 billion in 2026 at a compound annual growth rate (CAGR) of 11.3%.

Companies cited

  • 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

  • Savaari Car Rentals Private Limited

  • Go-Jek

  • Kabbee

  • Hailo

  • Flying

  • Curb

  • yellow cab

  • mytaxi

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The online taxi services market includes sales of taxi services and related goods by entities (organizations, sole proprietorships, and partnerships) that provide transportation of passengers by automobile or van through online or on-line reservations. the reservation database. This class includes establishments primarily engaged in providing passenger transportation by reserved taxi using a mobile application. These companies use online platforms and mobile apps to offer their services to customers. Examples include Uber, Lyft and Didi. Taxis booked online via an app are mentioned in the report as ride-sharing services. This does not include taxis parked on the side of the road. Only goods and services exchanged between entities or sold to final consumers are included.

The online taxi services market covered in this report is segmented by service type into ridesharing and carpooling. Carpooling refers to an arrangement or instance involving sharing rides in a motor vehicle with other people, primarily commuters. The different types of vehicles include motorcycles, cars and involve various payment methods such as online, cash. The different types of trips include individual trips, carpooling/sharing.

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

Growing internet penetration is driving the demand for 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. An increasing number of internet users equipped with smartphones now have at their fingertips taxi services which gives the contact details and location of drivers and benefits the user and thus fuels the demand for the taxi services market by line.

Strict regulations imposed on the operations of online taxi services are limiting the growth of the online taxi services market. Many cases of assault and molestation have been recorded against online taxi services, as a result of which governments around the world have imposed strict regulations on providers. These incidents call for a strong customer security policy. Governments have imposed strict background checks on Uber and Lyft drivers and mandatory fingerprint background checks to prevent such incidents from happening again.

Countries covered in the Online Taxi Services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea South, the United Kingdom and the United States.

For more information about this report visit https://www.researchandmarkets.com/r/qai05c