DUBLIN, April 12, 2022 /PRNewswire/ — “Online Taxi Services Global Market Report 2022: By Vehicle Type, By Payment Mode, 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.
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The major players in the online taxi services market 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.
The global online taxi services market is expected to grow from $31.03 billion in 2021 for $34.82 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The market is expected to grow to reach $53.48 billion in 2026 at a compound annual growth rate (CAGR) of 11.3%.
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 type of service 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 Services Market in 2021. Western Europe was the second largest region in the market for online taxi services. The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle Eastand 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. In addition, Internet users of 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 details and location of drivers and benefits the user and thus fuels the demand for the online taxi services market.
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 KoreaUK and UNITED STATES.
Main topics covered:
2. Characteristics of the online taxi services market
3. Online Taxi Services Market Trends and Strategies
4. Impact of COVID-19 on online taxi services
5. Online Taxi Services Market Size and Growth
5.1. Global Online Taxi Services Historic Market, 2016-2021, USD Billion
5.1.1. Market Drivers
5.1.2. Market Constraints
5.2. Global Online Taxi Services Market Forecast, 2021-2026F, 2031F, Billion USD
5.2.1. Market Drivers
5.2.2. Market Constraints
6. Online Taxi Services Market Segmentation
6.1. Global online taxi services market, segmentation by type of service, history and forecast, 2016-2021, 2021-2026F, 2031F, $
6.2. Global online taxi services market, segmentation by vehicle type, history and forecast, 2016-2021, 2021-2026F, 2031F, $
6.3. Global online taxi services market, segmentation by payment method, history and forecast, 2016-2021, 2021-2026F, 2031F,
6.4. Global Online Taxi Services Market, Segmentation by Ride Type, History & Forecast, 2016-2021, 2021-2026F, 2031F, $
7. Regional and Country Analysis of Online Taxi Services Market
7.1. Global online taxi services market, split by region, historical and forecast, 2016-2021, 2021-2026F, 2031F, in USD billion
7.2. Global online taxi services market, split by country, historical and forecast, 2016-2021, 2021-2026F, 2031F, in USD billion
For more information about this report visit https://www.researchandmarkets.com/r/rvue1j
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