Moto Taxi Service Market Growth Analysis - Market Size, Share, Forecast Trends and Outlook Report (2025-2034)

The global moto taxi service market stood at a value of around USD 15.79 Billion in 2024. The market is further expected to grow at a CAGR of 7.94% in the forecast period of 2025-2034 to attain a value of approximately USD 33.90 Billion by 2034.

Heightened Demand for Ride Sharing Services to Strengthen the Global Market for Moto Taxi Services

Based on type, the ride sharing segment is predicted to hold a significant market share in the moto taxi service industry. The growing demand for ride sharing services can be attributed to the rising global population and their subsequent demand for transportation.

In addition, ride sharing services are cost-effective and help reduce the dependency on personal vehicles, thus, helping reduce traffic congestion. Meanwhile, on the basis of application, the growing demand for passenger transportation is anticipated to propel the market growth in the forecast period. These factors are expected to contribute to the overall market growth in the forecast period.

The Asia-Pacific to Occupy a Substantial Market Share in the Global Moto Taxi Service Industry

The Asia-Pacific is estimated to hold a substantial share of the moto taxi service industry in the forecast period. The regional market growth can be attributed to the increased demand for passenger transportation services, owing to the densely populated areas in the region. In addition, the growing urbanisation and the rapidly increasing population are also anticipated to aid the market growth in the coming years. Moreover, a lack of fully connected public transportation systems is also expected to add to the market growth in the coming years.

Moto Taxi Service: Market Segmentation

Moto taxi service refers to the motorcycle or bike taxi service, wherein a person sits as a pillion passenger with the bike rider. Under these services, the consumers can avail ride hailing and ride sharing services for the transportation of passengers or a package. In addition, moto taxi services can be availed for both short and long distance services and are increasingly utilised in heavily populated areas, such as near retail shops and subways.

By type, the market is divided into:

• E-hailing
• Ride Sharing

Based on application, the market can be categorised into:

• Passenger
• Load

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Growing Issues of Traffic Congestion to Augment the Growth of the Global Moto Taxi Service Industry

The rising concerns pertaining to traffic congestion are projected to spearhead the demand for moto taxi services in the forecast period. The growing number of private vehicles in major cities across the world is leading to an increase in traffic congestion. In this regard, moto taxi services help passengers save time by effectively avoiding areas prone to high traffic jams. In addition, moto taxi services offer affordable and comfortable services, which can be availed by consumers from diverse financial backgrounds. Moreover, moto taxis provide last mile services, unlike most public transportation systems. Furthermore, the rising fuel prices and significant expenses associated with vehicle ownership are expected to drive the demand for moto taxi services in the coming years.

Key Industry Players in the Global Moto Taxi Service Market

The report gives a detailed analysis of the following key players in the global moto taxi service market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• ANI Technologies Pvt. Ltd.
• GOJEK
• Baxter
• Grab
• Bolt Technology OU
• Uber Technologies Inc.
• MotoTaxi Services
• Others

The comprehensive report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.