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

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       India Taxi Services Business Models

5.       India Taxi Market Outlook

5.1.    Market Size & Forecast

5.1.1.By Value & Volume

5.2.    Market Share & Forecast

5.2.1.By Region

5.2.2.By User Segment (Individuals, Corporate & Tourist)

5.2.3.By Payment Mode (Cash, Online Payment & Mobile Wallets)

5.2.4.By Vehicle Type (Premium/Luxury, SUV/MPV, Hatchback & Sedan)

5.2.5.By Taxi Type (Radio, Regular, Self-Driving)

6.       India Radio Taxi Market Outlook

6.1.    Market Size & Forecast

6.1.1.By Value & Volume

6.2.    Market Share & Forecast

6.2.1.By Region

6.2.2.By User Segment (Individuals, Corporate & Tourist)

6.2.3.By Payment Mode (Cash, Online Payment & Mobile Wallets)

6.2.4.By Vehicle Type (Premium/Luxury, SUV/MPV, Hatchback & Sedan)

6.2.5.By Company

6.2.6.By Travel Type

6.3.    Voice of Customers

6.3.1.Factors Influencing Taxi Selection

6.3.2. Brand Switching Attributes

6.3.3. Brand Satisfaction Level

7.       India Regular Taxi Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value & Volume

7.2.    Market Share & Forecast

7.2.1.By Region

7.2.2.By User Segment (Individuals, Corporate & Tourist)

7.2.3.By Payment Mode (Cash, Online Payment & Mobile Wallets)

7.2.4.By Vehicle Type (Premium/Luxury, SUV/MPV, Hatchback & Sedan)

7.2.5.By Company

7.2.6.By Travel Type

7.3.    Voice of Customers

7.3.1.Factors Influencing Taxi Selection

7.3.2. Brand Switching Attributes

7.3.3. Brand Satisfaction Level

8.       India Self-Driving Rental Car Taxi Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value & Volume

8.2.    Market Share & Forecast

8.2.1.By Region

8.2.2.By Payment Mode (Cash, Online Payment & Mobile Wallets)

8.2.3.By Vehicle Type (Premium/Luxury, SUV/MPV, Hatchback & Sedan)

8.2.4.By Company

8.3.    Voice of Customers

8.3.1.Factors Influencing Taxi Selection

8.3.2. Brand Switching Attributes

8.3.3. Brand Satisfaction Level

9.       India Taxi Investor Analysis

10.   India Taxi Tariff/Fare Analysis

11.   Market Dynamics

11.1.  Drivers

11.2.  Challenges

12.   Market Trends & Developments

12.1.  Introduction of Radio Taxi Apps

12.2.  Growing Popularity of Cab Advertisements

12.3.  Availability of Easy and Flexible Payment Options for Taxi Services

12.4.  Growing collaboration between OEMs and car rental companies

12.5.  Introduction of High-end Cars in Taxi Fleet

12.6.  Increasing Penetration Across Tier-II and Tier-III Cities

13.   Policy & Regulatory Landscape

14.   India Economic Profile

15.   Competitive Landscape

15.1.  ANI Technologies Private Limited

15.2.  Uber India Technology Private Limited

15.3.  Meru Cab Company Pvt. Ltd.

15.4.  Wings Travel India Management Private Limited

15.5.  Carzonrent (India) Pvt. Ltd

15.6.  Zoomcar India Private Ltd

15.7.  Voler Car Private Limited

15.8.  AVIS

15.9.  Saavari

15.10.   Fast Track Call Cab Private Limited

16.   Strategic Recommendations

 

  • List of Figures

     

    Figure 1: India Taxi Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2012-2022F

    Figure 2: India Taxi Market Share, By Region, By Volume, 2016 & 2022F

    Figure 3: India Radio Taxi Market Share, By Region, By Volume, 2012-2022F

    Figure 4: India Taxi Market Share, By User Segment, By Volume, 2012-2022F

    Figure 5: India Taxi Market Share, By Payment Mode, By Value, 2012-2022F

    Figure 6: India Taxi Market Share, By Vehicle Type, By Volume, 2012-2022F

    Figure 7: India Taxi Market Share, By Taxi Type, By Volume, 2012-2022F

    Figure 8: India Radio Taxi Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2012-2022F

    Figure 9: India Radio Taxi Market Share, By Region, By Volume, 2016 & 2022F

    Figure 10: India Radio Taxi Market Share, By Region, By Volume, 2012-2022F

    Figure 11: India Radio Taxi Market Share, By User Segment, By Volume, 2012-2022F

    Figure 12: India Radio Taxi Market Share, By Payment Mode, By Value, 2012-2022F

    Figure 13: India Radio Taxi Market Share, By Vehicle Type, By Volume, 2012-2022F

    Figure 14: India Radio Taxi Market Share, By Company, By Volume, 2012-2022F

    Figure 15: India Radio Taxi Market Share, By Travel Type, By Volume, 2012-2022F

    Figure 16: India Radio Taxi Market - Factors Influencing Taxi Selection

    Figure 17: India Radio Taxi Market - Aided Brand Recall

    Figure 18: India Radio Taxi Market - Unaided Brand Recall

    Figure 19: India Radio Taxi Market - Brand Switching

    Figure 20: India Radio Taxi Market - Brand Switching Attributes

    Figure 21: India Radio Taxi Market Brand Satisfaction Level

    Figure 22: India Radio Taxi Market - Brand Satisfaction Level, By Availability

    Figure 23: India Radio Taxi Market - Brand Satisfaction Level, By Customer Service

    Figure 24: India Radio Taxi Market - Brand Satisfaction Level, By Safety

    Figure 25: India Radio Taxi Market - Brand Satisfaction Level, By Vehicle Condition

    Figure 26: India Radio Taxi Market - Brand Satisfaction Level, By Pricing

    Figure 27: India Regular Taxi Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2012-2022F

    Figure 28: India Regular Taxi Market Share, By Region, By Volume, 2016 & 2022F

    Figure 29: India Regular Taxi Market Share, By Region, By Volume, 2012-2022F

    Figure 30: India Regular Taxi Market Share, By User Segment, By Volume, 2012-2022F

    Figure 31: India Regular Taxi Market Share, By Payment Mode, By Value, 2012-2022F

    Figure 32: India Regular Taxi Market Share, By Vehicle Type, By Volume, 2012-2022F

    Figure 33: India Regular Taxi Market Share, By Company, By Volume, 2012-2022F

    Figure 34: India Regular Taxi Market Share, By Travel Type, By Volume, 2012-2022F

    Figure 35: India Voice of Customer – India Regular Taxi Market - Factors Influencing Taxi Selection

    Figure 36: India Regular Taxi Market - Aided Brand Recall

    Figure 37: India Regular Taxi Market - Unaided Brand Recall

    Figure 38: India Regular Taxi Market - Brand Switching

    Figure 39: India Regular Taxi Market - Brand Switching Attributes

    Figure 40: India Regular Taxi Market Brand Satisfaction Level

    Figure 41: India Regular Taxi Market - Brand Satisfaction Level, By Availability

    Figure 42: India Regular Taxi Market - Brand Satisfaction Level, By Customer Service

    Figure 43: India Regular Taxi Market- Brand Satisfaction Level, By Safety

    Figure 44: India Regular Taxi Market - Brand Satisfaction Level, By Vehicle Condition

    Figure 45: India Regular Taxi Market - Brand Satisfaction Level, By Pricing

    Figure 46: India Self Driving Rental Car Market Size, By Value (USD Billion), By Volume (Thousand Unit) 2016-2022F

    Figure 47: India Self Driving Rental Taxi Market Share, By Region, By Volume, 2016 & 2022F

    Figure 48: India Self Driving Rental Taxi Market Share, By Region, By Volume, 2016-2022F

    Figure 49: India Self Driving Rental Taxi Market Share, By Payment Mode, By Value, 2016-2022F

    Figure 50: India Self Driving Rental Taxi Market Share, By Vehicle Type, By Volume, 2016-2022F

    Figure 51: India Self Driving Rental Taxi Market Share, By Company, By Volume, 2016-2022F

    Figure 52: India Voice of Customer – India Self Driving Rental Car Market - Factors Influencing Taxi Selection

    Figure 53: India Self Driving Rental Car Market- Aided Brand Recall

    Figure 54: India Self Driving Rental Car Market- Unaided Brand Recall

    Figure 55: India Self Driving Rental Car Market- Brand Switching

    Figure 56: India Self Driving Rental Car Market- Brand Switching Attributes

    Figure 57: India Self Driving Rental Car Market Brand Satisfaction Level

    Figure 58: India Self Driving Rental Car Market - Brand Satisfaction Level, By Availability

    Figure 59: India Self Driving Rental Car Market - Brand Satisfaction Level, By Customer Service

    Figure 60: India Self Driving Rental Car Market - Brand Satisfaction Level, By Vehicle Condition

    Figure 61: India Self Driving Rental Car Market - Brand Satisfaction Level, By Pricing

     

    List of Tables

     

    Table 1: Comparative Analysis of Owned Asset, Aggregator and Hybrid Radio Taxi Business Models in India, 2016

    Table 2: India Taxi Market - Prominent Private Equity Investments

    Table 3: Delhi Radio Taxi Day Fare, By Company, 2016 (USD & INR)

    Table 4: Delhi Radio Taxi Night Fare, By Company, 2016 (USD & INR)

    Table 5: Mumbai Radio Taxi Day Fare, By Company, 2016 (USD & INR)

    Table 6: Mumbai Radio Taxi Night Fare, By Company, 2016 (USD & INR)

    Table 7: Kolkata Radio Taxi Day Fare, By Company, 2016 (USD & INR)

    Table 8: Kolkata Radio Taxi Night Fare, By Company, 2016 (USD & INR)

    Table 9: Chennai Radio Taxi Day Fare, By Company, 2016 (USD & INR)

    Table 10: Chennai Radio Taxi Night Fare, By Company, 2016 (USD & INR)

    Table 11: Delhi Regular Taxi Fare, By Company, 2016 (USD & INR)

    Table 12: Mumbai Regular Taxi Fare, By Company, 2016 (USD & INR)

    Table 13: Kolkata Regular Taxi Fare, By Company, 2016 (USD & INR)

    Table 14: Chennai Regular Taxi Fare, By Company, 2016 (USD & INR)

    Table 15: Delhi Self Driving Rental Taxi Fare, By Company, 2016 (USD & INR)

    Table 16: Mumbai Self Driving Rental Taxi Fare, By Company, 2016 (USD & INR)

    Table 17: Kolkata Self Driving Rental Taxi Fare, By Company, 2016 (USD & INR)

    Table 18: Chennai Self Driving Rental Taxi Fare, By Company, 2016 (USD & INR)