Cab Services Market, Global Outlook and Forecast 2023-2032
A cab or taxi service is a type of vehicle for hire with a driver, used by a single or small group of passengers on either sharing or non-sharing basis. The passenger hires a taxi for a defined route, which is pre-decided by the customer passenger. The taxi cab conveys passengers between locations of their choice. The cab service differs from other modes of public transport, where the pick-up and drop-off service locations are determined by the service provider and not by the passenger.
This report aims to provide a comprehensive presentation of the global market for Cab Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cab Services. This report contains market size and forecasts of Cab Services in global, including the following market information:
Global Cab Services Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Cab Services market was valued at US$ 166080 million in 2022 and is projected to reach US$ 243330 million by 2029, at a CAGR of 5.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
According to the report, one of the major drivers for this market is Growing use of cashless transaction in e-hailing and integration with digital wallets. The cash-based payment system for cab riders has been replaced by in-app payment system, which uses digital wallets. A surge in the smartphone application user base has significantly changed the payment system of cab aggregators. Money is preloaded in digital wallets by cab riders, and the service charge is automatically deducted at the destination point without using a two-way authentication process. The latest trend gaining momentum in the market is Technological developments in taxi market. In April 2016, the world's first self-driving taxi service was launched by Singapore-based nuTonomy, which is an autonomous vehicle software startup. The company started this service with a small fleet of 6 cars during 2016.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Cab Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Cab Services Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Cab Services Market Segment Percentages, by Type, 2022 (%)
E-Hailing
Car Rentals
Radio Cabs
Global Cab Services Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Cab Services Market Segment Percentages, by Application, 2022 (%)
Business
Entertainment
Advertising
Others
Global Cab Services Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Cab Services Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Cab Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Cab Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
BMW Group
Didi Chuxing
Daimler
Lyft
Uber
BiTaksi
Cabify
Grab
Gett
GoCatch
Ingogo
LeCab
Outline of Major Chapters:
Chapter 1: Introduces the definition of Cab Services, market overview.
Chapter 2: Global Cab Services market size in revenue.
Chapter 3: Detailed analysis of Cab Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Cab Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
