Global Cab Services Market 2017-2021 - Key vendors are BMW, Didi Chuxing, Daimler, Lyft & Uber - Research and Markets

DUBLIN--()--The "Global Cab Services Market 2017-2021" report has been added to Research and Markets' offering.

The global cab services market to grow at a CAGR of 8.46% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global cab services market for 2017-2021 . To calculate the market size, the report considers the revenue generated by different cab operators from passenger customers that hire various cab services for different routes. These cab services include e-hailing, car rental, radio cabs, and offline unorganized cabs. The report also includes a discussion of the key vendors operating in this market.

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 The cash-based payment system for cab riders has been replaced by in-app payment system, which uses digital wallets.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.

During the trial period, nuTonomy modified Renault Zoe and Mitsubishi i-MiEV electrics. In this self-driven taxi, each car is fitted with six sets of Lidar, which is a detection system that uses lasers to operate like radar, including one that constantly spins on the roof. In addition, there are two cameras on the dashboard that are used to scan for obstacles and detect changes in traffic lights.

Key Market Trends

  • Technological developments in taxi market
  • Use of social media and analytics
  • Expansion of service portfolio and single interface for cab service providers

Key vendors

  • BMW Group
  • Didi Chuxing
  • Daimler
  • Lyft
  • Uber

Other prominent vendors

  • BiTaksi
  • Cabify
  • Grab
  • Gett
  • GoCatch
  • Ingogo
  • LeCab
  • Ola

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation By Type Of Cab Service

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/x8t4x4/global_cab

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Private Transport Services

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Private Transport Services