The global POD taxi market is segmented into applications such as airports, shopping malls, eco towns, urban city developments and tourist attractions. POD taxi is a type of automated guide way transit which is used for small group travel. Increasing population in urban areas is a major factor which is increasing the demand for better transportation system. Furthermore, growing concerns regarding public transportation in urban areas is a major factor which is expected to bolster the growth of global POD taxi market over the forecast period.
Global POD taxi market is expected to thrive over the forecast period. Moreover, the global POD taxi market is expected to reach at notable revenue by the end of 2021. Increasing carbon emission and rising consumption of energy are major concerns which are likely to increase the adoption of pod taxi transportation system in order to reduce the pollution caused by vehicles running on fossil fuel.
Asia Pacific POD taxi market is anticipated to witness considerable growth during the forecast period. Furthermore, China and Japan are likely to contribute significantly in growth of POD taxi market in Asia Pacific. For instance, Indian government is looking forward to bring pod taxi services in Gurgaon and Bangalore cities. Further, implementation of personal rapid transit (PRT) system in India is likely to augment the expansion of Asia Pacific POD taxi market during the forecast period.
Challenges for the Transport System
Transport challenges such as traffic congestion and parking difficulties, road accidents, land consumption and high maintenance cost are major factors which are fuelling the need for transport solutions. Governments are investing wisely to support economic growth of country as well as improvement of transportation infrastructure. Furthermore, governments of various developed and developing countries are adopting POD taxi services to offer more convenience to the population of the country.
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Increasing Incidence of Road Accidents
According to World Health Organization, around 1.25 million people die every year due to road accidents globally. Increasing rate of deaths in road accidents is a major factor which is estimated to fuel the adoption of PDO taxi transport system in future.
Although, high capital investment required for POD taxi, low transportation budget in underdeveloped countries are some of the factors which are likely hinder the growth of the POD taxi market in the near future.
The report titled “Global POD Taxi Market Analysis & Opportunity Outlook 2021” delivers detailed overview of the global POD taxi market in terms of market segmentation by technology, by application area and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global POD taxi market which includes company profiling of skyTran, Inc., Vectus Ltd. ,ULTRA PRT LTD, 2getthere, Metrino-PRT, Fairwood Group and Boeing. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global POD taxi market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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