DUBLIN--(BUSINESS WIRE)--The "Taxi and Limousine Services Global Market Opportunities and Strategies to 2030: COVID- 19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.
This report provides the strategists, marketers and senior management with the critical information they need to assess the global taxi and limousine services market.
The global taxi and limousine services market is expected to decline from $83.0 billion in 2019 to $46.7 billion in 2020 at a compound annual growth rate (CAGR) of -43.7%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6.5% from 2021 and reach $94.4 billion in 2023.
Reasons to Purchase
- Outperform competitors using accurate up to date demand-side dynamics information.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Identify growth segments for investment.
- Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.
- Create regional and country strategies on the basis of local data and analysis.
- Stay abreast of the latest customer and market research findings
- Benchmark performance against key competitors.
- Develop strategies based on likely future developments.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
- Gain a global perspective on the development of the market.
Growth in the historic period resulted from technological development, strong economic growth in emerging markets, and growth in aging population, low oil prices, and surge pricing during peak hours. Factors that negatively affected growth in the historic period were safety concerns and public lawsuits, weak wage growth in developed economies, and the use of public transportation in urban areas. Going forward, economic growth, technology, emphasis on cutting carbon emissions, ease of transportation and changing consumer preferences towards car sharing will drive growth. Factors that could hinder the growth of the taxi and limousine services market in the future include improvement of public transportation, stringent regulations, inadequate chauffeurs, and coronavirus disease (COVID-19) outbreak.
The outbreak of coronavirus has affected taxi and limousine services across several countries across the globe, mostly in countries where a lockdown has been declared to contain the disease. According to data by Aurora Mobile, a leading mobile big data solutions platform in China, the daily active users on the ride-sharing apps declined by more than half after the Chinese government declared the coronavirus outbreak in the country. In most of the states in the USA, shops, businesses and offices have shut, and this has resulted in less demand for taxi services. In India, the coronavirus outbreak has highly impacted the earnings of taxi drivers, because in lockdown the ride-hailing services are also restricted to operate. Spain is currently the second most-affected European country with COVID-19. The taxi sector has seen its business negatively impacted by the ongoing coronavirus public health crisis:
Key Topics Covered:
1 Taxi And Limousine Services Market Executive Summary
2 Table of Contents
3 List of Figures
4 List of Tables
5 Report Structure
7 Taxi And Limousine Services Market Characteristics
7.1. Market Definition
7.2. Market Segmentation By Type Of Service
7.3. Segmentation By Vehicle Type
7.4. Segmentation By Payment Mode
7.5. Segmentation By Ride Type
8 Taxi And Limousine Services Market Service Analysis - Service Example
9 Taxi And Limousine Services Market Supply Chain
10 Taxi And Limousine Services Market Customer Information
10.1. Indians Use App-Based Taxi Services For Their Convenience
10.2. Consumers Want Drivers To Be Penalized For Cancelling Of Rides
10.3. More Americans Are Using Ride-Hailing Apps
10.4. High Customer Satisfaction With Taxi Services Using Mobile Apps In Saudi Arabia
10.5. Factors Influencing Customer Satisfaction In Indian Taxi Services
10.6. Safety Is The Major Factor In The Ride-For-Hire Customer Experience
10.7. More Americans Opting Driving As A Profession
11 Taxi And Limousine Services Market Trends And Strategies
12 Technology And Digital Revolution Impact On Taxi and Limousine Services Market
12.1. Technologies That Disrupted Taxi And Limousine Services
13 Impact Of Covid-19 On Taxi And Limousine Services
13.1. Impact Of Covid-19 In Most Affected Coronavirus Countries
13.2. Initiatives Taken By Taxi Services Company Amid Coronavirus Situation
14 Policy & Regulatory Landscape For Taxi And Limousine Services
14.1. Regulations For Taxi And Limousine Services Are Based Mainly On Three Factors
14.2. Regulations For Taxi And Limousine Services For Different Regions
15 Benefits and Impacts of Advertising on Ride Hailing Taxis
15.1. Benefits Of Using Cabs For Advertisements
15.2. Impact Of Taxi Advertising On The Taxi and Limousine Services Market
16 Global Taxi And Limousine Services Market Size And Growth
17 Global Taxi And Limousine Services Market Segmentation
18 Taxi And Limousine Services Market, Regional Analysis
19 Global Taxi And Limousine Services Market Comparison with Macro Economic Factors
19.1. Taxi And Limousine Services Market Size, Percentage Of GDP, Global
19.2. Per Capita Average Taxi And Limousine Services Market Expenditure, Global
- Africa Ride
- BA Taxi
- Chauffeur Priv
- Didi Chuxing Technology Co.
- Didi Dache
- Domenico's Airport Transfers
- Dubai Taxi Corporation
- Gett, Inc.
- Grab Holdings Inc.
- Limo City
- Littele Cabs
- Lyft, Inc.
- Nihon Kotsu
- Oga Taxi
- Prague Taxis
- Rome Chauffeur
- Stefano's RomeCabs
- Uber Technologies, Inc.
- Yellow Cab
- Yookoo Rider
For more information about this report visit https://www.researchandmarkets.com/r/eq7wal