US Radio Taxi Services Market Analysed & Forecast in TechSci Research Report Available at MarketPublishers.com03 Mar 2016 • by Natalie Aster
LONDON – Formed over 50 years ago, the US market for taxi services can boast an organized industry structure. Having started with traditional medallion taxis, it has transformed into the marketplace with advanced GPS-enabled, air-conditioned radio cabs. Private taxi operators have initiated to provide high-end services (e.g. e-hailing and ride-sharing apps) not so long ago, and this has led to significant changes in the way the local taxi service industry operated.
High costs related to medallions’ procurement and operations under a medallion-based taxi model encourage taxi drivers to become ones of private radio taxi service providers. Consequently, a market share of for-hire vehicles (FHVs) is on the rise in the country and it is at present the largest one amongst market players.
The southeast region dominates the country, and it is followed by the Northeast region. The US market is expected to grow at a CAGR of approximately 7 percent through 2021.
Flash Cabs, Blacklane, Lyft Inc. and Uber Technologies Inc. are some of the major companies in this space.
Topical research study “United States Radio Taxi Services Market Forecast and Opportunities, 2021” drawn up by TechSci Research offers an insightful analysis of the US radio taxi services marketplace. The report provides a detailed overview of this market and sheds light on the local business model. It estimates a size of the US market (on the basis of a value and volume) and gives future projections. The study contains details on market shares companies, end-users, payment modes, vehicle types and regions have. The research report examines radio taxi investors and a tariff/fare structure. It explores dynamics of this marketplace, its trends and developments. The research study delves deep into the policy and regulatory landscape. The report canvasses the competitive landscape and gives strategic recommendations. Market opportunities are discussed in the study, too.
United States Radio Taxi Services Market Forecast and Opportunities, 2021
Published: February, 2016
Price: US$ 2,500.00
More in-demand research reports by our market research partner are available at TechSci Research page.