Global Cab Services Market Analysis, Share, Trends and Forecast by 2025

(I-TravelNewswire.Com, January 11, 2019 ) 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.

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 The cash-based payment system for cab riders has been replaced by in-app payment system, which uses digital wallets.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

In Americas, US is the major revenue contributor to the market influenced by factors such as business, tourism, and leisure travel. Uber accounts for major market share of the US that provides on-demand for-hire car services through a smartphone app. Additionally, the growing adoption of online cab service companies further supports the growth of the cab booking service market in the region.

In 2018, the global Cab Services market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

This report focuses on the global Cab Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cab Services development in United States, Europe and China.

The key players covered in this study

BMW Group

Didi Chuxing

Daimler

Lyft

Uber

BiTaksi

Cabify

Grab

Gett

GoCatch

Ingogo

LeCab

Market segment by Type, the product can be split into

E-Hailing

Car Rentals

Radio Cabs

Market segment by Application, split into

Business

Entertainment

Advertising

Others

Market segment by Regions/Countries, this report covers

United States

Europe

China

Japan

Southeast Asia

India

Central & South America

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Some Point from Table of Content:

Chapter One: Report Overview

1.1 Study Scope

1.2 Key Market Segments

1.3 Players Covered

1.4 Market Analysis by Type

1.4.1 Global Cab Services Market Size Growth Rate by Type (2014-2025)

1.4.2 E-Hailing

1.4.3 Car Rentals

1.4.4 Radio Cabs

1.5 Market by Application

1.5.1 Global Cab Services Market Share by Application (2014-2025)

1.5.2 Business

1.5.3 Entertainment

1.5.4 Advertising

1.5.5 Others

1.6 Study Objectives

1.7 Years Considered

Chapter Two: Global Growth Trends

2.1 Cab Services Market Size

2.2 Cab Services Growth Trends by Regions

2.2.1 Cab Services Market Size by Regions (2014-2025)

2.2.2 Cab Services Market Share by Regions (2014-2019)

2.3 Industry Trends

2.3.1 Market Top Trends

2.3.2 Market Drivers

2.3.3 Market Opportunities

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