Report Description

India Taxi Market By User Segment (Individuals, Corporate & Tourist), By Payment Mode (Cash, Online Payment & Mobile Wallets), By Vehicle Type (Premium/Luxury, SUV/MPV, Hatchback & Sedan), By Taxi Type (Radio, Regular, Self-Driving), Competition Forecast & Opportunities, 2012 - 2022

  • Publish Date:October, 2017
  • Format : PDF
  • Pages : 140
  • Industry : Automotive

India taxi market stood at around $ 6.4 billion in 2016, and is forecast to grow at a CAGR of 13.7% during 2017 – 2022, to reach $ 14.3 billion. Surging demand for taxi services in India can be attributed to changing lifestyles of travellers and increasing disposable income of consumers, especially in Tier-I and Tier-II cities. The market is witnessing increasing traction as taxis offer hassle free travel experience to customers in addition to various other tangible and intangible offerings such as booking convenience through mobile applications, air conditioning, educated and skilled drivers, multiple payment options, 24×7 customer support, electronic fare meters, GPS enabled vehicles, etc.

Years considered for this report:

Historical Years: 2012 – 2015

Base Year: 2016

Estimated Year: 2017

Forecast Period: 2018 – 2022

Objective of the Study:

  • To study India taxi market scenario, which covers radio taxi, regular taxi and self-drive rental car segments
  • To analyze and forecast the market size of India taxi market, in terms of value as well as volume
  • To classify and forecast India taxi market on the basis of region, user segment, payment mode, vehicle type, and taxi type
  • To identify drivers and challenges for India taxi market
  • To identify market trends & developments of India taxi market

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Some of the major players operating in India taxi market are ANI Technologies Private Limited, Uber India Technology Private Limited, Meru Cab Company Pvt. Ltd., Wings Travel India Management Private Limited, Carzonrent (India) Pvt. Ltd, Zoomcar India Private Ltd, Voler Car Private Limited, AVIS, Saavari, Fast Track Call Cab Private Limited.

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of taxi operators in India. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were asked about their major competitors. Through this technique, TechSci Research was able to include companies which could not be identified due to the limitations of secondary research.

TechSci Research calculated the market size for India taxi market using a bottom-up technique, wherein taxi operators’ volume sales data for different vehicle types (Hatchback, Sedan, SUV/MUV and Luxury/Premium) was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated by analyzing historical sales data of respective taxi operators to arrive at the overall market size. Multiple secondary sources such as directories, company websites, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Taxi and Radio Taxi Operators
  • Industry associations, organizations, forums and alliances related to taxi market
  • Government bodies such as regulatory authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as taxi companies and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, India taxi market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • By User Segment
    • Individuals
    • Corporate
    • Tourist
  • By Payment Mode
    • Cash
    • Online Payment
    • Mobile Wallets
  • By Vehicle Type
    • Premium/Luxury
    • SUV/MPV
    • Hatchback & Sedan
  • By Taxi Type
    • Radio
    • Regular
    • Self-Driving

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India taxi market

Available Customizations: With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information: Detailed analysis and profiling of additional market players

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