Taxi Market - Growth, Trends, and Forecast (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||907045|
|出版日期||內容資訊||英文 93 Pages
|計程車的全球市場:成長率，趨勢及預測分析(2019年∼2024年) Taxi Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日期: 2020年02月01日||內容資訊: 英文 93 Pages||
The taxi market is expected to register a CAGR of 9.22%, during the forecast period, 2019-2024.
Increasing Demand from Online Channel
Ease of booking through mobile applications and online websites has significantly attracted customers to prefer online booking over offline booking, owing to the increasing usage of internet and smartphones by people, across the world.
Additionally, information, like tracking the driver's location, pre-estimated ride fare, driver contact, and vehicle details, all available within an app at a short time has further increased the customer preference more toward the online booking option.
Many major operators, like Grab, Uber, Ola, etc., provide ridesharing option (which provide fare-splitting option among co-passengers) in their respective apps in certain regions, to capture the increasing demand for low taxi fare services, among the customers.
To sustain the above growing trend of ridesharing service, local taxi operators have started to adopt the same strategy, and are trying to incorporate ridesharing option in their respective taxi app development. For instance,
Asia-Pacific - Leading the Taxi Market
The demand for taxi service in the Asia-Pacific region has been increasing rapidly, owing to the rapid adoption rate of ride-sharing service among customers, in countries, like Vietnam, India, China, and Singapore. Thus, to capture the growing taxi market in the countries, foreign players, like Ola, Uber, and Didi Chuxing are launching and expanding their existing services in the market. For instance, on 25th June 2018, Didi Chuxing launched its services in Melbourne and India's Ola also entered the Australian market by the end of 2018.
Although the demand for Taxi in the Asia-Pacific region has been increasing over the past three years, the government norms on the taxi industry have also been stringent, especially in countries, such as Australia, Vietnam, etc.
In recent years, new and innovative technologies and business models have appeared in many countries and cities across the world, through smartphone apps. These involve booking and payments systems, ridesharing services, and using private vehicles for passenger transport.
These technological platforms provide an extension for the on-demand transport market in the region. For instance, 'sharing economy' platforms make it easier for customers to negotiate and engage directly with service providers. Consumers are also provided with a higher level of information and opportunity for price comparison in advance. All the above factors have contributed to the growth in Asia-Pacific's taxi market.
Some of the major players in the taxi market include Uber, Grab, Lyft, Ola, etc. Among them, Uber's main strategy to expand its business is to focus on upcoming technologies, like automated driving vehicles. In 2018, the Toyota Motor Corporation announced to invest USD 500 million in Uber technologies, to develop self-driving cars, and aims to deploy them in Uber ride-sharing network by 2021.