UAE Online Taxi Market is anticipated to project a robust CAGR in terms of value during the forecast period by 2028. The UAE online taxi market is driven by different market players in the country which are continuously providing taxi services on an easy go basis through their website. In UAE people prefer to take online taxi as an alternate option for traveling for short distance, as it is more cost effective for the people of United Arab Emirates. In UAE cities, the online taxi in general and vehicle sharing in particular are expanding quickly. The government of UAE is aggressively promoting it by creating the idea of a "smart city" and expanding the essential infrastructure, like parking places for car-sharing in a big cities like Dubai, Abu Dhabi, Sharjah, Ras Al-Khaimah, etc.

 

The cost of owning a vehicle is affected by finance, fuel, maintenance, upkeep, registration and taxes, maintenance, and repairs, as well as depreciation. Owning a car cost more and more money every year. Fuel costs and maintenance costs have increased significantly over the past few years, and there is no indication that this trend will reverse. As cities get more and more crowded with people and cars, owning a car has turned into more of a liability than an asset. The proportion of individuals between the ages of 18 and 35 who own a car has declined over time since the younger generation has little to no interest in doing so. Due to their accessibility and reasonable rates for the distance travelled, individuals frequently choose to use online taxi services.

 

The sales of passenger cars in the year 2021 were around 1,56,780 units. In the year 2020 the Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) revealed that total number of electric/hybrid taxis account for around 4683 vehicles. Out of 4683 taxis the number of hybrid taxis were 4510, which is about 50% of the Dubai taxi fleet. The government of UAE has planned to reduce carbon emissions of the taxi and limousine sector by 2% in compliance with the requirements of the Dubai Supreme Council of Energy in the year 2021.  

 

Cost Effectiveness of Online Taxi

Taking online taxi has many benefits over taking any other mean of transport or owing a vehicle because online taxi can reduce the enormous upfront expense of purchasing one. UAE is a hub for many multinational companies and many of these companies have their offices in the cities like Dubai, Abu Dhabi, Sharjah etc. Working employees in these corporate offices live in these expensive cities where the living cost is already high, and they prefer to take online taxi for traveling as it is more cost effective. Thus, many online taxis market players offers different types of discounts and coupon offers to their customers to sustain their market position among different competitors.


Customer Loyalty Program

Companies like Uber Technologies, Inc offers its customer discount coupons, free rides, cash coupons and other perks has also been developed, in order to increase their market presence. Taxi companies in UAE are doing business as Dubai Taxi Corporation for its frequent riders. This move has been employed for retention of existing customer base as well as new customer acquisition. To achieve this, partnerships with retailers, discount coupon companies, food service aggregator services are being undertaken by the online taxi services providing companies. Referral reward programs are also being floated out by the online taxi service providing companies to the existing customers to enable word-of-mouth-based advertising and order booking by the companies.

 

Diversification of Services and Features

Online cab service aggregator companies are focusing on diversification of services and features to revenue addition and expansion of brand and business footprint to consumers. Many online taxis service providing companies in UAE have a different set of passenger demographics and purchase behavior. Companies are also trying to reach out to more and more customers for which they have diversified services and features based on the pricing. Online taxi companies offer different option in vehicle types and all those vehicles have different price range which is convenient for the users. Taxi companies offer vehicle class option in SUV/MPV, hatchback, and sedan which are economic, executive, and premium. Online taxi companies are adding more and more vehicles for online taxi users which find it convenient to book taxi according to their need.


Threat to the Taxi Drivers

One of the main threats to the online taxi drivers is armed robbery. Most of the taxi drivers are also looking for a job change due to health issues and tiredness by which there is a shortage of drivers as per the fleet of taxis in the country. Taxi drivers sit down for most of the time while driving and at the time of waiting for the passenger, siting for longer period cause serious disease like diabetes, cancer, and even early death. All these threats create fear among the drivers which eventually lead to change their job, by which many online taxi companies in United Arab Emirates are facing the shortage of drivers.



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Market Segmentation

The UAE Online Taxi Market is segmented based on user segments, payment mode, vehicle type, vehicle class, vehicle propulsion region and competitive landscape. Based on user segments, the market is further fragmented into individuals, corporate, and tourist. Based on payment mode the market is segmented into cash, online payment, and mobile wallets. Based on vehicle type, the market is segmented into SUV/MPV, Hatchback, and Sedan. Based on the vehicle class, the market is segmented into Economic, Executive and Premium. In the vehicle propulsion segment, the market is segmented into IC engine vehicle, hybrid vehicle and electric vehicle. UAE Online Taxi Market analysis also studies the regional segmentation into Central Region, Western Region, Eastern Region, Southern Region, Northern Region.

Company Profiles

Some of the major players which are operating in UAE Online Taxi Market are Tawasul Transport L.L.C, CARS TAXI, Dubai Taxi Corporation, KOI Ride, Uber Technologies, Inc, WOW Electronic Transport Services., Yango GCC Electronic Transport Services LLC, Kohistan Rent A Car LLC, XXRIDE Technologies Inc. Limited, KDDAD Taxi Service.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By User Segments

By Payment Mode

By Vehicle Type

By Vehicle Class  

By Vehicle Propulsion

By Region

Key Companies Profiled

Tawasul Transport L.L.C, CARS TAXI, Dubai Taxi Corporation, KOI Ride, Uber Technologies, Inc, WOW Electronic Transport Services., Yango GCC Electronic Transport Services LLC, Kohistan Rent A Car LLC, XXRIDE Technologies Inc. Limited, KDDAD Taxi Service

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, UAE Online Taxi Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • UAE Online Taxi Market, By User Segments:
    • Individuals
    • Corporate
    • Tourist
  • UAE Online Taxi Market, By Payment Mode:
    • Cash
    • Online Payment
    • Mobile Wallets
  • UAE Online Taxi Market, By Vehicle Type:
    • SUV/MPV
    • Hatchback
    • Sedan
  • UAE Online Taxi Market, By Vehicle Class:
    • Economic
    • Executive
    • Premium
  • UAE Online Taxi Market, By Vehicle Propulsion:
    • IC Engine Vehicle 
    • Hybrid Vehicle
    • Electric Vehicle
  • UAE Online Taxi Market, By Region:
    • Central Region
    • Western Region
    • Eastern Region
    • Southern Region
    • Northern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in UAE Online 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).

UAE Online Taxi Market 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 sales@techsciresearch.com

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1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on UAE Online Taxi Market

4.1.  Impact Assessment Model      

4.1.1.     Key Segments Impacted

4.1.2.     Key Regions Impacted

4.1.3.     Key Countries Impacted

4.1.4.     Key Distribution Channel Impacted

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided Brand Recall and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    UAE Online Taxi Market Outlook, 2018-2030

Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By User Segments (Individuals, Corporate, Tourist) 

6.2.2.     By Payment Mode (Cash, Online Payment, Mobile Wallets)

6.2.3.     By Vehicle Type (SUV/MPV, Hatchback, Sedan)

6.2.4.     By Vehicle Class (Economic, Executive, Premium)

6.2.5.     By Vehicle Propulsion (IC Engine Vehicle, Hybrid Vehicle, Electric Vehicle)

6.2.6.     By Region (Central Region, Western Region, Eastern Region, Southern Region, Northern Region)

6.2.7.     By Company (2022)

6.3.  UAE Online Taxi Market Mapping and Opportunities

6.3.1.               Market Mapping and opportunity By User Segment

6.3.2.               Market Mapping and opportunity By Payment Mode

6.3.3.               Market Mapping and opportunity By Vehicle Type   

6.3.4.               Market Mapping and opportunity By Vehicle Class

6.3.5.               Market Mapping and opportunity By Vehicle Propulsion

6.3.6.               Market Mapping and opportunity By Region

7.    UAE SUV/MPV Online Taxi Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume and Value

7.2.  Market Share & Forecast

7.2.1.     By User Segments (Individuals, Corporate, Tourist) 

7.2.2.     By Payment Mode (Cash, Online Payment, Mobile Wallets)

7.2.3.     By Vehicle Class (Economic, Executive, Premium)

7.2.4.     By Vehicle Propulsion (IC Engine Vehicle, Hybrid Vehicle, Electric Vehicle)

7.2.5.     By Region (Central Region, Western Region, Eastern Region, Southern Region, Northern Region)

7.3.  UAE SUV/MPV Online Taxi Market Mapping and Opportunity

7.3.1.               Market Mapping and opportunity By User Segments

7.3.2.               Market Mapping and opportunity By Payment Mode  

8.    UAE Hatchback Online Taxi Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume and Value

8.2.  Market Share & Forecast

8.2.1.     By User Segments (Individuals, Corporate, Tourist) 

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

8.2.3.     By Vehicle Class (Economic, Executive, Premium)

8.2.4.     By Vehicle Propulsion (IC Engine Vehicle, Hybrid Vehicle, Electric Vehicle)

8.2.5.     By Region (Central Region, Western Region, Eastern Region, Southern Region, Northern Region)

8.3.  UAE Hatchback Online Taxi Market Mapping and Opportunity

8.3.1.               Market Mapping and opportunity By User Segment

8.3.2.               Market Mapping and opportunity By Payment Mode

9.    UAE Sedan Online Taxi Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume and Value

9.2.  Market Share & Forecast

9.2.1.     By User Segments (Individuals, Corporate, Tourist) 

9.2.2.     By Payment Mode (Cash, Online Payment, Mobile Wallets)

9.2.3.     By Vehicle Class (Economic, Executive, Premium)

9.2.4.     By Vehicle Propulsion (IC Engine Vehicle, Hybrid Vehicle, Electric Vehicle)

9.2.5.     By Region (Central Region, Western Region, Eastern Region, Southern Region, Northern Region)

9.3.  UAE Sedan Online Taxi Market Mapping and Opportunity

9.3.1.               Market Mapping and opportunity By User Segment

9.3.2.               Market Mapping and opportunity By Payment Mode  

10.  Market Dynamics

10.1.              Drivers

10.1.1.  Expansion Strategy by Existing Players

10.1.2.  Customer Loyalty Program

10.2.              Challenges

10.2.1.1.      Increasing Ride Cancellation

10.2.1.2.      Passengers Safety Issue in the Online Taxi  

11.  Market Trends & Developments

11.1.              Increasing Fleet Size of Vehicles in the Online Taxi

11.2.              Growing Internet User In the Market

11.3.              Growing Market Penetration Due to Addition of Market Players

12.  Porter’s Five Forces Model

12.1.              Competition Landscape

12.2.              Buyer Power

12.3.              Supplier Power

12.4.              Threat of New Entrants

12.5.              Threat of Substitutes

13.  Policy & Regulatory Landscape

14.  Supply Chain Analysis

15.  Saudi Arabia Economic Profile

16.  Competitive Landscape

16.1.              Competition Outlook

16.1.1.  Tawasul Transport L.L.C

16.1.1.1.      Company Details

16.1.1.2.      Products & Services

16.1.1.3.      Financial (As Reported)

16.1.1.4.      Key Market Focus & Geographical Presence

16.1.1.5.      Recent Development

16.1.1.6.      Key Management Personnel

16.1.2.  CARS TAXI

16.1.2.1.      Company Details

16.1.2.2.      Products & Services

16.1.2.3.      Financial (As Reported)

16.1.2.4.      Key Market Focus & Geographical Presence

16.1.2.5.      Recent Development

16.1.2.6.      Key Management Personnel

16.1.3.  Dubai Taxi Corporation

16.1.3.1.      Company Details

16.1.3.2.      Products & Services

16.1.3.3.      Financial (As Reported)

16.1.3.4.      Key Market Focus & Geographical Presence

16.1.3.5.      Recent Development

16.1.3.6.      Key Management Personnel

16.1.4.  KOI Ride

16.1.4.1.      Company Details

16.1.4.2.      Products & Services

16.1.4.3.      Financial (As Reported)

16.1.4.4.      Key Market Focus & Geographical Presence

16.1.4.5.      Recent Development

16.1.4.6.      Key Management Personnel

16.1.5.  Uber Technologies, Inc.

16.1.5.1.      Company Details

16.1.5.2.      Products & Services

16.1.5.3.      Financial (As Reported)

16.1.5.4.      Key Market Focus & Geographical Presence

16.1.5.5.      Recent Development

16.1.5.6.      Key Management Personnel

16.1.6.  WOW Electronic Transport Services.

16.1.6.1.      Company Details

16.1.6.2.      Products & Services

16.1.6.3.      Financial (As Reported)

16.1.6.4.      Key Market Focus & Geographical Presence

16.1.6.5.      Recent Development

16.1.6.6.      Key Management Personnel

16.1.7.  Yango GCC Electronic Transport Services LLC

16.1.7.1.      Company Details

16.1.7.2.      Products & Services

16.1.7.3.      Financial (As Reported)

16.1.7.4.      Key Market Focus & Geographical Presence

16.1.7.5.      Recent Development

16.1.7.6.      Key Management Personnel

16.1.8.  Kohistan Rent A Car LLC

16.1.8.1.      Company Details

16.1.8.2.      Products & Services

16.1.8.3.      Financial (As Reported)

16.1.8.4.      Key Market Focus & Geographical Presence

16.1.8.5.      Recent Development

16.1.8.6.      Key Management Personnel

16.1.9.  XXRIDE Technologies Inc. Limited

16.1.9.1.      Company Details

16.1.9.2.      Products & Services

16.1.9.3.      Financial (As Reported)

16.1.9.4.      Key Market Focus & Geographical Presence

16.1.9.5.      Recent Development

16.1.9.6.      Key Management Personnel

16.1.10.                KDDAD Taxi Service

16.1.10.1.    Company Details

16.1.10.2.    Products & Services

16.1.10.3.    Financial (As Reported)

16.1.10.4.    Key Market Focus & Geographical Presence

16.1.10.5.    Recent Development

16.1.10.6.    Key Management Personnel

17.  Strategic Recommendations/Action Plan

17.1.              Key Focus Areas

17.2.              Target Regions & Countries

17.3.              Target Type

17.4.              Target Category

18.  About Us & Disclaimer

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