Press Release

Rising Smartphone User Base to Aid Growth of India Radio Taxi Services Market

Growing number of smartphone users, increasing internet penetration along with rising preference for radio cabs to boost India radio taxi services market through 2023

According to TechSci Research report, India Radio Taxi Services Market By User Segment, By Payment Mode, By Vehicle Type, Competition Forecast & Opportunities, FY2013 - FY2023, India radio taxi services market is projected to cross $ 530 million by 2023. Growth in the market can be attributed to expanding smartphone user  base and rising internet penetration across India. Moreover, door step pick and drop facility at comparatively affordable prices is further boosting demand for radio taxi services across the country. Furthermore, rising popularity of aggregator cab models along with easy availability of vehicle loans is expected to fuel growth in India radio taxi services market in the coming years. Additionally, owing to reduction in the internet prices, rising number of vehicle accidents along with increasing purchasing power of working class population, demand for radio taxi services is anticipated to grow at a robust pace during the forecast period.

Browse 12 market data Tables and 95 Figures spread through 134 Pages and an in-depth TOC on "India Radio Taxi Services Market"

https://www.techsciresearch.com/report/india-radio-taxi-services-market/3257.html


Cab aggregator model is the most preferred model in India radio taxi services market. The popularity of this model is supported by of ease of booking cabs through mobile applications and improved location services with accuracy rate of 5–10 meters. Rising presence of various companies such as ANI Technologies Private Limited, Uber India Technology Private Limited, Meru Cab Company Pvt.. Ltd., Mega Cabs Private Limited, Wings Travel India Management Private Limited, etc., is anticipated to further intensify the market competition in India radio taxi services market over the course of the next five years.

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“With technological enhancements, flexible policies with respect to Radio taxi registration system, along with enhanced passenger safety and comfort, demand for radio taxi services market is likely to continue its rise in India over the next five years. Moreover, attractive incentives to the drivers through cab aggregator model, easy availability of vehicle loans, coupled with favorable government policies are anticipated to further steer growth in India radio taxi services market in the coming years. Additionally, rising popularity of sharing radio taxi services by multiple passengers is further expected to positively influence the market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Radio Taxi Services Market By User Segment, By Payment Mode, By Vehicle Type, Competition Forecast & Opportunities, FY2013 - FY2023 has analyzed the potential of radio taxi services market in India, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by India radio taxi services market.


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