The Global Taxi And Limousine Services Market Report by The Business Research Company covers taxi and limousine services market drivers and restraints, taxi and limousine services market size, major players, and the impact of COVID-19 on the taxi and limousine services market.

The taxi and limousine services market consist of sales of taxi and limousine services by entities (organizations, sole traders and partnerships) that provide passenger transportation via automobiles or vans, or provide an array of specialty and luxury passenger transportation services via limousine or luxury sedan, generally on a reserved basis. Taxi and limousine services establishments usually provide services on demand. These establishments do not operate over regular routes and on regular schedules.

The global taxi and limousine services market is expected to decline from $83.0 billion in 2019 to $46.7 billion in 2020 at a compound annual growth rate (CAGR) of -43.7%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6.5% from 2021 and reach $94.4 billion in 2023.

Hiring a taxi cab has become much easier, when compared to earlier days. Currently, a passenger can book a cab for a desired destination along with the driver information, live tracking, cashless travel, and SOS apps, at the touch of a button. Technology advances have boosted the demand for taxi services, as passengers can access various cab facility providers and book a cab for a comfortable, safe, and secure journey. Therefore, ease of transportation via cabs positively impacts the taxi and limousine services market.

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Some taxi and limousine services market trends include increasingly using social media presence to improve customer loyalty and gain overall presence in the market. Moreover, global warming is a cause of concern across the world. Vehicles emissions is a major contributor to carbon footprint on our planet. With fossil fuels about to run out and an imminent carbon footprint reduction burden, electric cars have become the future of taxis. Given the growing demand for an eco-friendly future, electric taxis tend to be the logical step. The trend of electric cars is picking up and taxi companies are putting efforts to include electric cars into their fleet.

 Global taxi and limousine services market segments include:

1) By Type Of Service: Online Taxi Services, Tele And Offline Taxi Services, Limousine Services

2) By Vehicle Type: Cars, Motorcycles, Others

3) By Payment Mode: Online, Cash

4) By Ride Type: Individual, Car Pool/Share

5) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Taxi And Limousine Services Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides taxi and limousine services market overviews, analyzes and forecasts market size, share, taxi and limousine services market players, taxi and limousine services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The taxi and limousine services identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Taxi And Limousine Services Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Uber Technologies, Inc., Didi Chuxing Technology Co., Lyft, Inc., Grab Holdings Inc., Gett, Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Taxi And Limousine Services Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Taxi And Limousine Services Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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