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Opportunities in the Global Taxi Market

Opportunities in the Global Taxi Market

By 2020, the global taxi market is expected to reach approximately􂀀 million vehicles, growing at a compound average growth rate (CAGR) of approximately 􂀀%.

Hybrid and electric vehicles (EVs) are expected to have strong penetration in at least 8 nations by 2020. More than 􂀀% of the vehicles in the global taxi fleet to be electric by 2020.

The global taxi fleet is expected to have over 􂀀million natural gas taxis by 2020. Emerging economies to be the biggest markets; close to􂀀% of the taxi fleet in BRIC nations are expected to be natural gas taxis.*

The City of Paris was the first local regulatory authority to launch an eHail app, “Paris Taxi Pro” in 2014. By 2020, at least more cities are expected to follow suit.

Over 4 key original equipment manufacturers (OEMs) have launched wheelchair-accessible vehicle (WAV) taxi models. By 2020 another 􂀀 WAV platforms are expected in the market.

By 2020, autonomous shared taxi pilots are expected in North America (a semi-restricted environment) and Europe (a restricted environment), with full-fledged projects launching between 2022 and 2025.

About this report

Growth in the taxi market is expected to be driven by government intervention, particularly with respect to regulations and subsidies to shift to greener technologies. The adoption of alternate fuels is rising as cities begin enforcing more stringent emission regulations to control pollution. The advent of eHailing has changed customer perceptions of taxi commutes and has provided an easier alternative to street hailing. This study introduces the different market segments that have developed, and discusses automotive Mega Trends and their impact on this market. In addition, it highlights the key technology trends and analyzes the new market channel strategies adopted by key vehicle OEMs.


  • Executive Summary
    • Key Findings
    • Global Taxi Market (Public and Private) Snapshot
    • Market for Taxis by Region Snapshot
    • Top 10 Public and Private Taxi Markets Snapshot
    • Analysis of the Number of Public vs. Private Taxis Snapshot
    • Mobility Modes in Key Countries and Public Transport Use
    • Differences Between Developed and Emerging Taxi Markets Snapshot
    • Common Taxi Models in Key Cities Globally Snapshot
    • Average Price of Public Taxi Models in Key Markets Snapshot
    • Roadmap of OEMs in the Taxi Market
    • Regional Regulatory Framework in Key Cities Snapshot
    • Key Taxi Replacement Programs Snapshot
    • Key Green Taxi Programs Snapshot
    • Growth of Alternative Fuel in 2020
    • Key EV Taxi Initiatives Snapshot
    • Case Study of EV Taxis Snapshot
    • New Use Cases for Taxi Hailing Snapshot
    • Competitive Analysis of Global eHailing Apps Snapshot
    • Key Findings and Future Outlook
  • Research Scope, Objectives, Background, and Methodology
    • Research Scope
    • Research Aims and Objectives
    • Research Background
    • Key Questions This Study Will Answer
    • Research Methodology
    • Key OEM Groups Compared in this Study
  • Definitions and Segmentation
    • Definition of the Taxi Market
    • Definition of Taxi Business Models
  • Overview of the Global Taxi Market
    • Impact of Mega Trends on the Taxi Market
    • Factors Influencing the Expansion of the Taxi Market
    • Industry Challenges
    • Drivers for Profitability
    • Differences Between Developed and Emerging Taxi Markets
    • Mobility Modes in Key Countries and Public Transport Use
    • Regional Regulatory Framework
    • Average Age of Taxis and Key Taxi Replacement Programs
    • Key Taxi Replacement Programs
  • Global Market for Taxis
    • Existing and Upcoming Global Taxi Market
    • Top 10 Public and Private Taxi Markets
    • Market for Public Taxis by Region
    • Market for Private Taxis by Region
    • Analysis of the Number of Public vs. Private Taxis
    • Growth of Alternative Fuel within the Taxi Market
    • Number of Tourist Arrivals and Size of the Taxi Market
    • Passenger Car Density and Size of the Taxi Market
  • Profiles of Key Public Taxi Markets
    • London-Key Trends
    • London-Drivers and Challenges of the Taxi Market
    • London-Taxi and WAV Policy Details
    • London-Taxi Market Structure
    • London-Taxi Economics
    • Chicago-Key Trends
    • Chicago-Drivers and Challenges of the Taxi Market
    • Chicago-Taxi and WAV Policy Details
    • Chicago-Taxi Market Structure
    • Chicago-Taxi Economics
    • Mumbai-Key Trends
    • Mumbai-Drivers and Challenges of the Taxi Market
    • Mumbai-Taxi Market Structure
    • Mumbai-Taxi Economics
    • Toronto-Key Trends
    • Toronto-Taxi Market Structure
    • Paris-Key Trends
    • Paris-Taxi Market Structure
    • Beijing-Key Trends
    • Beijing-Taxi Market Structure
  • OEM Taxi Strategy
    • Common Taxi Models-Key Cities in North America
    • Common Taxi Models-Key Cities in Europe
    • Common Taxi Models-Key Cities in the Rest of the World
    • Average Price of Public Taxi Models in Key Markets
    • Roadmaps of OEMs in the Taxi Market
    • Key OEM Models in the Taxi Market in Select Countries
    • OEM Profile-Renault-Nissan
    • OEM Profile-Nissan NV200
    • OEM Profile-Ford
    • OEM Profile-Ford Transit Connect Taxi
    • OEM Profile-Mercedes-Benz
    • OEM Profile-Mercedes-Benz Vito Taxi
    • OEM Profile-Karsan Concept V1
  • Green Taxi Programs
    • Congestion Charges and Road Tolls in Key Cities
    • Infrastructure for Green Initiatives in Key Countries
    • Key Green Taxi Programs
    • Key EV Taxi Initiatives
    • Case Study of EV Taxis
  • eHailing Opportunities in the Taxi Market
    • eHailing Taxi Model-Timeline of Launching App to Market
    • New Use Cases for Taxi Hailing
    • Impact to the Taxi Market
    • eHailing Legal and Regulatory Framework
    • Competitive Analysis of Global eHailing Apps
    • Uber
    • Hailo
    • mytaxi
    • MyTeksi/GrabTaxi
    • Easy Taxi
  • Key Conclusions and Future Outlook
    • Key Conclusions
  • Appendix
    • Definition of Public and Private Taxis by Regional Markets
    • Assumptions for Growth
    • Regional Regulatory Framework
    • Table of Acronyms Used
    • Image Sources
    • Market Engineering Methodology

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