Asia-Pacific motorcycle taxi
market is anticipated to register strong growth during the forecast period, on
account of growing demand for motorcycles, as these are cheaper and faster than
cab services. Ease of riding motorcycles in congested traffic, rising middle
class family income and low charges when compared with cabs are expected to
drive Asia-Pacific motorcycle taxi market. Moreover, growing
use of smartphones and development of wireless infrastructure backed by the
presence of 4G services and emergence of electric two-wheelers due to strict
government regulations for limiting pollution levels are likely to have a
positive impact on the market during forecast period.
Based on two-wheeler type, Asia-Pacific
motorcycle taxi market can be segmented into motorcycle and moped/scooter. Motorcycle
dominated the market in 2018 and the trend is expected to continue over the
course of next five years, as bikes have high capacity when compared with
scooters and possess high-fuel efficiency. In terms of type, Asia-Pacific
motorcycle taxi market can be bifurcated into e-hailing and bike rental.
E-hailing has gained traction in the last few years, on account of high
penetration of smartphones with good network coverage and 4G services allowing
easy booking through ride-hailing apps. E-hailing is expected to acquire the
dominant share during the forecast period as well. In terms of payment mode,
online payment is gaining popularity and is likely to register high growth in
coming years.
Asia-Pacific is the largest market
for motorcycle taxis across the globe. In terms of country-wise analysis, the
market for motorcycle taxi has been segmented into India,
Bangladesh, Vietnam, Indonesia and Sri Lanka. India motorcycle taxi market is
poised to grow at high rate during the forecast period, as several new
start-ups are offering motorcycle hailing services and several states have
either legalized or planning to legalize motorcycles in the states of India.
Major
companies operating in Asia-Pacific motorcycle taxi market recorded high sales volume
in 2018 and the trend is likely to continue during the forecast period. List of
major market players include Uber
Technologies Inc., GOJEK Ltd., ANI Technologies Pvt. Ltd., (OLA), Rapido Ltd., Madhatters
Voyage Pvt Ltd., GrabTaxi Holdings Pte. Ltd., etc. Major companies are
developing advanced technologies and launching new products in order to stay
competitive in the market. Other competitive strategies include mergers &
acquisitions and new product developments.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the
Study:
- To analyze and forecast Asia-Pacific motorcycle
taxi market size.
- To classify and forecast Asia-Pacific motorcycle
taxi market based on two-wheeler type, type, payment mode and regional
distribution.
- To identify drivers and challenges for Asia-Pacific
motorcycle taxi market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Asia-Pacific
motorcycle taxi market.
- To conduct the pricing analysis for Asia-Pacific
motorcycle taxi market.
- To identify and analyze the profile of leading players operating in
Asia-Pacific motorcycle taxi market.
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Some of the leading players in Asia-Pacific motorcycle
taxi market are Uber
Technologies Inc., GOJEK Ltd., ANI Technologies Pvt. Ltd., (OLA), Rapido Ltd., Madhatters
Voyage Pvt Ltd., GrabTaxi Holdings Pte. Ltd, etc.
TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of service providers across the globe. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the service
providers which could not be identified due to the limitations of secondary
research. TechSci Research analyzed the offerings, distribution channels and
presence of all major service providers across the globe.
TechSci Research calculated Asia-Pacific motorcycle taxi
market size using a bottom-up approach, where data for various end-user segments
was recorded and forecast for the future years. TechSci Research sourced these
values from the industry experts and company representatives and externally
validated through analyzing historical data of these product types and
applications for getting an appropriate, overall market size. Various secondary
sources such as company websites, news articles, press releases, company annual
reports, investor presentations and financial reports were also studied by
TechSci Research.
Key Target
Audience:
- Major end-users of ride-hailing
- Associations, organizations,
forums and alliances related to two-wheeler industry
- Government bodies such as
regulating authorities and policymakers
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for industry stakeholders such
as service providers, partners and end users. The study
would also help them in determining which market segments should be targeted over
the coming years to strategize investments and capitalize on growth of the
market.
Report Scope:
In this report, Asia-Pacific motorcycle
taxi market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Market, by Two-Wheeler
Type:
- Market, by Type:
- Market, by Payment
Mode:
- Market, by
Country:
- India
- Bangladesh
- Indonesia
- China
- Sri Lanka
- Vietnam
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Asia-Pacific motorcycle taxi market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players
(up to five).
In case you don’t find what you are
looking for, please get in touch with our custom research team at [email protected]
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]