FEATURED COMPANIES
- A2B Australia Ltd.
- ComfortDelGro Corporation
- Daimler AG
- Lyft
- Uber
Taxi And Limousine Services Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global taxi and limousine services market as it emerges from the COVID-19 shut down.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider taxi and limousine services market, and compares it with other markets.
2) By Distance: Long-Distance; Short-Distance
3) By Application: Adults; Children
Companies Mentioned: Uber; Daimler AG; Lyft; MOL Hungarian Oil and Gas plc.; ComfortDelGro Corporation
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico.; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, taxi and limousine services indicators comparison
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies
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- Identify growth segments for investment
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Description:
Where is the largest and fastest growing market for taxi and limousine services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Taxi And Limousine Services market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider taxi and limousine services market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery
- Market segmentations break down market into sub markets
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth
- It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers
- The taxi and limousine services market section of the report gives context. It compares the taxi and limousine services market with other segments of the transit and ground passenger transportation market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, taxi and limousine services indicators comparison
Scope
Markets Covered:
1) By Type: Online Taxi Services; Tele And Offline Taxi Services; Limousine Services2) By Distance: Long-Distance; Short-Distance
3) By Application: Adults; Children
Companies Mentioned: Uber; Daimler AG; Lyft; MOL Hungarian Oil and Gas plc.; ComfortDelGro Corporation
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico.; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, taxi and limousine services indicators comparison
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
FEATURED COMPANIES
- A2B Australia Ltd.
- ComfortDelGro Corporation
- Daimler AG
- Lyft
- Uber
1. Executive Summary2. Report Structure7. Taxi And Limousine Services Market Trends And Strategies8. Impact Of COVID-19 On Taxi And Limousine Services21. Key Mergers And Acquisitions In The Taxi And Limousine Services Market25. Copyright And Disclaimer
3. Taxi And Limousine Services Market Characteristics
4. Taxi And Limousine Services Market Product Analysis
5. Taxi And Limousine Services Market Supply Chain
6. Taxi And Limousine Services Market Customer Information
9. Taxi And Limousine Services Market Size And Growth
10. Taxi And Limousine Services Market Regional Analysis
11. Taxi And Limousine Services Market Segmentation
12. Taxi And Limousine Services Market Metrics
13. Asia-Pacific Taxi And Limousine Services Market
14. Western Europe Taxi And Limousine Services Market
15. Eastern Europe Taxi And Limousine Services Market
16. North America Taxi And Limousine Services Market
17. South America Taxi And Limousine Services Market
18. Middle East Taxi And Limousine Services Market
19. Africa Taxi And Limousine Services Market
20. Taxi And Limousine Services Market Competitive Landscape
22. Market Background: Transit And Ground Passenger Transportation Market
23. Recommendations
24. Appendix
FEATURED COMPANIES
- A2B Australia Ltd.
- ComfortDelGro Corporation
- Daimler AG
- Lyft
- Uber
Major companies in the taxi and limousine services market include Uber, Daimler AG, Lyft, MOL Hungarian Oil and Gas plc, ComfortDelGro Corporation, and A2B Australia Ltd.
The global taxi and limousine services market is expected to grow from $95.5 billion in 2021 to $104.87 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The market is expected to grow to $147.26 billion in 2026 at a compound annual growth rate (CAGR) of 8.9%.
The taxi and limousine services market consist of sales of taxi and limousine services and related goods 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 main types in the taxi and limousine services market are online taxi services, tele and offline taxi services, and limousine services. The limousine services usually provide services on demand for passenger transportation. The market is segmented by distance into long-distance and short-distance and by application into adults and children.
Asia Pacific was the largest region in the taxi and limousine services market in 2021. Western Europe was the second largest region in the taxi and limousine services market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The shift in consumer preferences towards traveling in taxis rather than investing in buying a personal car is expected to be a key driver of the taxi and limousine services market. Rising prices of vehicles and fuel, high traffic situations, limited availability of parking spaces, and low costs of taxi ridership compel people, especially millennials, to opt for ride-hailing services. Ride-hailing companies are offering rides at low prices globally. For instance, in the USA, Uber charges a base fare of about $3 and about $2 per mile. In India Uber offers rides at as low as INR 7/km and Ola offers rides at INR 8/km. This makes a daily taxi ride much cheaper than a car bought on loan. This change in consumer preferences will drive the demand for taxi services going forward.
The expected increase of government investments in public transport infrastructure, especially in emerging markets, will be a major restraint on the taxi and limousine services market going forward. It is expected that the overall national metro rail network will increase by 664 kilometers taking into account the metro construction activities in 15 Indian cities. By 2024, the railways, roads, and highways sector in India is expected to receive INR 30 trillion ($0.42 trillion) to improve the country’s public transport infrastructure. Increasing investments in the public transport infrastructure sector are expected to slow down the growth of the taxi and limousine services market in emerging economies.
Taxi and limousine service providing companies are offering shared transportation services to cater to the increasing demand of customers. A shared transportation system is an innovative transportation strategy that enables users to gain short-term access to transportation modes as needed. It includes various forms of transportation, such as car-sharing, bike-sharing, carpooling, and platform-based ride services. Shared transportation systems are growing in the transit and ground passenger transportation industry owing to the cost benefits this system offers to customers. For example, Uber, an American on-demand cab transportation service provider with an international presence, is offering a shared ride service known as UberPOOL. Ride-sharing companies such as BlaBlaCar and Drivezy also facilitate users to book a seat in vehicles according to their choice by mere payment of a membership fee or fare.
The countries covered in the taxi and limousine services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.
The global taxi and limousine services market is expected to grow from $95.5 billion in 2021 to $104.87 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The market is expected to grow to $147.26 billion in 2026 at a compound annual growth rate (CAGR) of 8.9%.
The taxi and limousine services market consist of sales of taxi and limousine services and related goods 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 main types in the taxi and limousine services market are online taxi services, tele and offline taxi services, and limousine services. The limousine services usually provide services on demand for passenger transportation. The market is segmented by distance into long-distance and short-distance and by application into adults and children.
Asia Pacific was the largest region in the taxi and limousine services market in 2021. Western Europe was the second largest region in the taxi and limousine services market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The shift in consumer preferences towards traveling in taxis rather than investing in buying a personal car is expected to be a key driver of the taxi and limousine services market. Rising prices of vehicles and fuel, high traffic situations, limited availability of parking spaces, and low costs of taxi ridership compel people, especially millennials, to opt for ride-hailing services. Ride-hailing companies are offering rides at low prices globally. For instance, in the USA, Uber charges a base fare of about $3 and about $2 per mile. In India Uber offers rides at as low as INR 7/km and Ola offers rides at INR 8/km. This makes a daily taxi ride much cheaper than a car bought on loan. This change in consumer preferences will drive the demand for taxi services going forward.
The expected increase of government investments in public transport infrastructure, especially in emerging markets, will be a major restraint on the taxi and limousine services market going forward. It is expected that the overall national metro rail network will increase by 664 kilometers taking into account the metro construction activities in 15 Indian cities. By 2024, the railways, roads, and highways sector in India is expected to receive INR 30 trillion ($0.42 trillion) to improve the country’s public transport infrastructure. Increasing investments in the public transport infrastructure sector are expected to slow down the growth of the taxi and limousine services market in emerging economies.
Taxi and limousine service providing companies are offering shared transportation services to cater to the increasing demand of customers. A shared transportation system is an innovative transportation strategy that enables users to gain short-term access to transportation modes as needed. It includes various forms of transportation, such as car-sharing, bike-sharing, carpooling, and platform-based ride services. Shared transportation systems are growing in the transit and ground passenger transportation industry owing to the cost benefits this system offers to customers. For example, Uber, an American on-demand cab transportation service provider with an international presence, is offering a shared ride service known as UberPOOL. Ride-sharing companies such as BlaBlaCar and Drivezy also facilitate users to book a seat in vehicles according to their choice by mere payment of a membership fee or fare.
The countries covered in the taxi and limousine services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.
A selection of companies mentioned in this report includes:
- Uber
- Daimler AG
- Lyft
- MOL Hungarian Oil and Gas plc.
- ComfortDelGro Corporation
- A2B Australia Ltd.
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