Online taxi

Global Online Taxi Services Market Report (2021 to 2030) – COVID-19 Growth and Change – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Online Taxi Services Global Market Report 2021: COVID-19 Growth and Change to 2030” has been added to from ResearchAndMarkets.com offer.

This report provides strategists, marketers, and senior management with the essential information they need to assess the global online taxi services market.

The global online taxi services market is expected to grow from $23.42 billion in 2020 to $28.65 billion in 2021 at a compound annual growth rate (CAGR) of 22.3%. The growth is primarily due to businesses resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote work and the closure of business activities that have resulted in operational challenges. The market is expected to reach $41.22 billion in 2025 at a CAGR of 9.5%.

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

  • Sidewalk

  • yellow cab

  • mytaxi

  • Meru Mobility Tech Private Limited

  • Savaari Car Rentals Private Limited

  • Go-Jek

  • Kabbee

  • Hailo

  • Flying

  • Sidewalk

  • 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 industry comprises 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.

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.

The launch of self-driving taxi services is gaining popularity in the online taxi services market. 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. In December 2018, Waymo LLC, an American self-driving technology development company, launched self-driving taxi services for paying customers in Arizona, USA. Additionally, in October 2019, Ola, a ride-sharing company, launched Ola Drive, self-driving car-sharing services in several locations in India, including Bangalore, New Delhi, Mumbai, and Hyderabad.

The online taxi services market covered in this report is segmented by type of ride-sharing service; carpooling and by type of vehicle in motorcycles; cars.

In September 2019, Mahindra & Mahindra, an Indian multinational vehicle manufacturer, announced the acquisition of 55% stake in Meru Cabs, a taxi service provider for $27.3 million (Rs 201.5 crore) . With the acquisition of Meru Cabs, Mahindra & Mahindra plans to expand its business by participating in the growing shared mobility space. Meru Cabs is an India-based carpooling company operating in the carpooling and corporate transportation solutions segment.

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