Aug 28, 2020 (Market Insight Reports) -- Taxi And Limousine Services Global Market Report 2020 provides insightful data about business strategies, qualitative and quantitative analysis of Global Market. The report also calls for market - driven results deriving feasibility studies for client needs. MarketInsightsReports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.
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.
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Top Leading Companies Mentioned are Uber Technologies, Inc. /zigman2/quotes/211348248/composite UBER -2.44% , Didi Chuxing Technology Co., Lyft, Inc. /zigman2/quotes/208999293/composite LYFT -1.77% , Grab Holdings Inc., Gett, Inc. and others.
The global taxi and limousine services market is segmented by vehicle into cars, motorcycles and others. The cars market was the largest segment of the taxi and limousine services market in 2019 at 62.6%. The others market is also expected to be the fastest-growing segment going forward at a CAGR of 6.2%.
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 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.
This report provides a detailed analysis of the Taxi And Limousine Services market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.
Following are major Table of Content of Taxi And Limousine Services Industry:
Taxi And Limousine Services Market Sales Overview.
Taxi And Limousine Services Market Sales Competition by Manufacturers.
Taxi And Limousine Services Market Sales Analysis by Region.
Taxi And Limousine Services Market Sales Analysis by Type.
Taxi And Limousine Services Market Analysis by Application.
Taxi And Limousine Services Market -Manufacturers Analysis.
This independent 479 pages report guarantees you will remain better informed than your competition. With over figures examining the Taxi And Limousine Services market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2030 .
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Taxi And Limousine Services in these regions, from 2015 to 2030(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa.
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