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Global Cab Services Market 2017-2021

Global Cab Services Market 2017-2021

About Cab Services

A cab or taxi service is a type of vehicle for hire with a driver, used by a single or small group of passengers on either sharing or non-sharing basis. The passenger hires a taxi for a defined route, which is pre-decided by the customer passenger. The taxi cab conveys passengers between locations of their choice. The cab service differs from other modes of public transport, where the pick-up and drop-off service locations are determined by the service provider and not by the passenger.

Technavio’s analysts forecast the global cab services market to grow at a CAGR of 8.46% during the period 2017-2021 .

Covered in this report

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 market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Cab Services Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BMW Group
  • Didi Chuxing
  • Daimler
  • Lyft
  • Uber
Other prominent vendors
  • BiTaksi
  • Cabify
  • Grab
  • Gett
  • GoCatch
  • Ingogo
  • LeCab
  • Ola
Market driver
  • Growing use of cashless transaction in e-hailing and integration with digital wallets
  • For a full, detailed list, view our report
Market challenge
  • Threat from regional cab service providers
  • For a full, detailed list, view our report
Market trend
  • Technological developments in taxi market
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Cab Services Market 2017-2021

Technavio recognizes the following companies as the key players in the global cab services market: BMW Group, Didi Chuxing, Daimler, Lyft, and Uber.

Other Prominent Vendors in the market are: BiTaksi, Cabify, Grab , Gett, GoCatch, Ingogo, LeCab, and Ola.

Commenting on the report, an analyst from Technavio’s team said: “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.”

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.

Further, the report states that one of the major factors hindering the growth of this market is Threat from regional cab service providers. The ride-hailing business depends on the scale for which substantial investment is required. Building a right-sized population of owner-drivers, according to customer demand in the region and the confidence of sufficient work, which will earn their required wages, is a costly process for e-hailing companies. In 2016, Uber pulled out of China due to the increased competition from local cab service provider Didi Chuxing. Didi Chuxing acquired the Chinese operations of Uber during 2016, and after the acquisition, Didi Chuxing combined with Uber’s Chinese unit was valued at more than $35 billion.

Companies Mentioned

BMW Group, Didi Chuxing, Daimler, Lyft, Uber, BiTaksi, Cabify, Grab , Gett, GoCatch, Ingogo, LeCab, and Ola.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market ecosystem
      • Table Global cab services market 2017-2021
    • Market characteristics
      • Table Global cab services market characteristics
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table Global cab services – Market size and forecast 2016-2021 ($ billions)
      • Table Global cab services market– Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis 2016
    • Table Five forces analysis 2021
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition in 2016- Five forces
  • Market segmentation by type of cab service
    • Segmentation by cab service type
      • Table Global cab services market by service type market size and forecast 2016-2021 (% revenue)
      • Table Comparison by application
    • E-hailing – Market size and forecast 2016-2021
      • Table E-hailing – Market size and forecast 2016-2021 ($ billions)
      • Table E-hailing – Year-over-year growth 2017-2021 (%)
    • Car rentals – Market size and forecast 2016-2021
      • Table Car rentals – Market size and forecast 2016-2021 ($ billions)
      • Table Car rentals – Year-over-year growth 2017-2021 (%)
    • Radio cabs – Market size and forecast 2016-2021
      • Table Radio cabs – Market size and forecast 2016-2021 ($ billions)
      • Table Radio cabs – Year-over-year growth 2017-2021 (%)
    • Others – Market size and forecast 2016-2021
      • Table Others – Market size and forecast 2016-2021 ($ billions)
      • Table Others – Year-over-year growth 2017-2021 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global cab services market share by geography 2016-2021 (%)
      • Table Regional comparison
    • Americas – Market size and forecast 2016-2021
      • Table Americas – Market size and forecast 2016-2021 ($ billions)
      • Table Americas – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • EMEA – Market size and forecast 2016-2021
      • Table EMEA – Market size and forecast 2016-2021 ($ billions)
      • Table EMEA – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • APAC – Market size and forecast 2016-2021
      • Table APAC – Market size and forecast 2016-2021 ($ billions)
      • Table APAC – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Technological developments in taxi market
    • Use of social media and analytics
    • Expansion of service portfolio and single interface for cab service providers
  • Vendor landscape
    • Competitive scenario
    • BMW Group
    • Didi Chuxing
    • Daimler
    • Lyft
    • Uber
    • Other prominent vendors
  • Vendor analysis
    • Vendors covered
  • Appendix
    • List of abbreviations
  • Explore Technavio

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