Insights Into The Online Taxi Services Market’s Growth Opportunities Through 2023-2032 – Includes Online Taxi Services Market Forecast
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Rising internet penetration are expected to drive innovation in online taxi services manufacturing, thus driving the market during the forecast period.
The global online taxi services market is expected to grow from $34.82 billion in 2022 to $38.54 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The global online taxi services market size is expected to grow to $56.37 billion in 2027 at a CAGR of 10.0%.
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Global Online Taxi Services Market Segments Include:
- By Service Type: Ride-Hailing, Ride Sharing
- By Vehicle Type: Motorcycles, Cars
- By Payment Mode: Online, Cash
- By Ride Type: Individual, Car Pool/ Share
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global online taxi services market in 2021.
Major Market Players in the online taxi services market include Ola (ANI Technologies Private Limited), Uber India Systems Private Limited, Lyft Inc., Didi Chuxing, GrabTaxi Holdings Pte Ltd., Carzonrent (India) Private Limited.
The launch of self-driving taxi services is gaining popularity in the online taxi service market. Major players operating in the industry are continuously focused on introducing innovations and technologies to better serve the needs of consumers. For instance, in August 2020, AutoX, an autonomous driving start-up, announced the public launch of Robo-taxi services in China.
The Online Taxi Services Global Market Report 2023 provides a online taxi services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The online taxi services market forecast analyzes online taxi services market size, online taxi services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Online taxi services refer to transportation and travel service that are provided by digital middlemen who act as a link between customers and taxi drivers, either through a mobile platform, GPS-enabled applications, or radio signals. They are mainly engaged in providing passenger transportation by taxi that is booked using a mobile application.
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