Asia Pacific’s taxi and limousine services market accounts for the largest share in the global taxi and limousine services market.
The taxi and limousine services market consists of sales of taxi and limousine services by entities (organizations, sole traders and partnerships) that provide passenger transportation by automobile or van or provide an array of specialty and luxury passenger transportation services via limousine or luxury sedan, generally on a reserved basis. These establishments do not operate over regular routes and on regular schedules.
Major players in the global taxi & limo service market include Uber, Lyft, Yellow Cab, Limo City, and Eti Taxi Service.
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The taxi and limousine services market is expected to reach a value of nearly $98 billion by 2022, significantly growing at a growth rate of about 8% during the forecast period. The growth in the taxi and limousine services market is due to increasing disposable income and an increase in the number of corporate travelers in countries such as China and India.
However, the market for taxi and limousine services is expected to face certain restraints from several factors such as increasing market competition and increased investment costs.
The shared transportation system is growing in transit and ground passenger transportation industry owing to the cost benefits this system offers to citizens. Shared transportation combines passenger transportation services such as drivers, taxis, bikes, and buses under a single platform. Its members can avail services of a transportation system by paying a subscription fee or a one-time fare, as well as can earn money by sharing their own vehicles. With the growing popularity of online taxi-hailing services, the scope and potential for the global taxi and limousine services market is expected to significantly rise in the forecast period
Uber Technologies, Inc. is an American multinational transportation network company offering services that include peer-to-peer ridesharing, ride service hailing, food delivery, and a bicycle-sharing system. The company is based in San Francisco and has operations in over 785 metropolitan areas worldwide.
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Few Points from Table of Contents:
6. Taxi And Limousine Services Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Taxi And Limousine Services Market Trends And Strategies
8. Taxi And Limousine Services Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, Value ($ Billion)
8.2.1. Drivers Of The Market
8.2.2. Restraints On The Market
8.3. Forecast Market Growth, Value ($ Billion)
8.3.1. Drivers Of The Market
8.3.2. Restraints On The Market
9. Taxi And Limousine Services Market Regional Analysis
9.1. Global Taxi And Limousine Services Market, 2018, By Region, Value ($ Billion)
9.2. Global Taxi And Limousine Services Market, 2014 – 2022, Historic And Forecast, By Region
9.3. Global Taxi And Limousine Services Market, Growth And Market Share Comparison, By Region
10. Taxi And Limousine Services Market Segmentation
10.1. Global Taxi And Limousine Services Market, Segmentation By Type, 2014 – 2022, Value ($ Billion)
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