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
o Individuals
o Corporate
o Tourist
·
By Payment Mode
o Cash
o Online Payment
o Mobile Wallets
·
By Vehicle Type
o Premium/Luxury
o SUV/MPV
o Hatchback & Sedan
·
By Taxi Type
o Radio
o Regular
o 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 sales@techsciresearch.com