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Taxi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

February 2023 | 143 pages | ID: TED474132D31EN
IMARC Group

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The global taxi market size reached US$ 221.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 298.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.93% during 2023-2028.

A taxi is a motor vehicle licensed to transport passengers in return for payment on a shared or non-shared basis. Passenger cars, motorcycles, scooters, vans, buses, auto rickshaws, minivans, bicycles, and tricycles are common vehicle types used for taxi services. A taxi offers point-to-point and door-to-door services and allows passengers the convenience to book, modify, pre-book, or cancel reservations using a mobile-based applications. Apart from this, taxis are gaining immense popularity across urban settings as they are economical, affordable, easy, and a comfortable mode of transportation.

Taxi Market Trends:
The increasing demand for online taxi booking channels across the globe is creating a positive outlook for the market. In line with this, the rising penetration of the Internet and smartphones, along with the availability of tracking features, pre-estimated ride fare, driver contact, and vehicle details on the app, is propelling the market growth. Additionally, the growing demand for ride-sharing services due to the increasing traffic-related problems, fuel costs, and reduced parking spaces is favoring the market growth. Apart from this, the integration of artificial intelligence (AI) with apps to connect the demand for taxis and time slots preferred by customers and efficiently coordinate and manage transportation systems is providing an impetus to the market growth. Additionally, the introduction of eco-friendly electric taxi services to curb pollution and greenhouse gases (GHG) is acting as another growth-inducing factor. Furthermore, key players are focusing on providing various offers and discounts, such as monthly passes on shared rides, to reduce the expenses of daily commutes, which is positively influencing the market growth. Other factors, including the increasing working-class population, rising expenditure capacities of consumers, and growing trend of road trips among the younger demographics, are supporting the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global taxi market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on booking type, service type and vehicle type.

Breakup by Booking Type:

Online Booking
Offline Booking

Breakup by Service Type:

Ride Hailing
Ride Sharing

Breakup by Vehicle Type:

Cars
Motorcycle
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ANI Technologies Pvt. Ltd, Bolt Technologies OU, Curb Mobility LLC, Dubai Taxi Corporation, Flywheel, Free Now, Gojek Tech, Lyft Inc., Nihon Kotsu Co. Ltd. and Uber Technologies Inc.

Key Questions Answered in This Report

1. What was the size of the global taxi market in 2022?
2. What is the expected growth rate of the global taxi market during 2023-2028?
3. What are the key factors driving the global taxi market?
4. What has been the impact of COVID-19 on the global taxi market?
5. What is the breakup of the global taxi market based on the booking type?
6. What is the breakup of the global taxi market based on the service type?
7. What is the breakup of the global taxi market based on vehicle type?
8. What are the key regions in the global taxi market?
9. Who are the key players/companies in the global taxi market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL TAXI MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY BOOKING TYPE

6.1 Online Booking
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Offline Booking
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY SERVICE TYPE

7.1 Ride Hailing
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Ride Sharing
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY VEHICLE TYPE

8.1 Cars
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Motorcycle
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Others
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 ANI Technologies Pvt. Ltd
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2 Bolt Technologies OU
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3 Curb Mobility LLC
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
  14.3.4 Dubai Taxi Corporation
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 Flywheel
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6 Free Now
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7 Gojek Tech
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 Lyft Inc.
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9 Nihon Kotsu Co. Ltd.
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 Uber Technologies Inc.
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Taxi Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Taxi Market Forecast: Breakup by Booking Type (in Million US$), 2023-2028
Table 3: Global: Taxi Market Forecast: Breakup by Service Type (in Million US$), 2023-2028
Table 4: Global: Taxi Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
Table 5: Global: Taxi Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Taxi Market: Competitive Structure
Table 7: Global: Taxi Market: Key Players

LIST OF FIGURES

Figure 1: Global: Taxi Market: Major Drivers and Challenges
Figure 2: Global: Taxi Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Taxi Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Taxi Market: Breakup by Booking Type (in %), 2022
Figure 5: Global: Taxi Market: Breakup by Service Type (in %), 2022
Figure 6: Global: Taxi Market: Breakup by Vehicle Type (in %), 2022
Figure 7: Global: Taxi Market: Breakup by Region (in %), 2022
Figure 8: Global: Taxi (Online Booking) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Taxi (Online Booking) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Taxi (Offline Booking) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Taxi (Offline Booking) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Taxi (Ride Hailing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Taxi (Ride Hailing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Taxi (Ride Sharing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Taxi (Ride Sharing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Taxi (Cars) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Taxi (Cars) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Taxi (Motorcycle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Taxi (Motorcycle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Taxi (Other Vehicle Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Taxi (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: North America: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: North America: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: United States: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: United States: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Canada: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Canada: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Asia-Pacific: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Asia-Pacific: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: China: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: China: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Japan: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Japan: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: India: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: India: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: South Korea: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: South Korea: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Australia: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Australia: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Indonesia: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Indonesia: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Others: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Others: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Europe: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Europe: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Germany: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Germany: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: France: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: France: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: United Kingdom: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: United Kingdom: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Italy: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Italy: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Spain: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Spain: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Russia: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Russia: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Others: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Others: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Latin America: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Latin America: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Brazil: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Brazil: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Mexico: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Mexico: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Middle East and Africa: Taxi Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Middle East and Africa: Taxi Market: Breakup by Country (in %), 2022
Figure 70: Middle East and Africa: Taxi Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Global: Taxi Industry: SWOT Analysis
Figure 72: Global: Taxi Industry: Value Chain Analysis
Figure 73: Global: Taxi Industry: Porter's Five Forces Analysis


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