The global cab services market is forecasted to grow at a CAGR of 8.46% during the period 2017-2021

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Nov 02, 2017, 21:54 ET

LONDON, Nov. 2, 2017 /PRNewswire/ --

About Cab Services

A cab or taxi service is a type of vehicle for hire with a driver, used by a single or small group of passengers on either sharing or non-sharing basis. The passenger hires a taxi for a defined route, which is pre-decided by the customer passenger. The taxi cab conveys passengers between locations of their choice. The cab service differs from other modes of public transport, where the pick-up and drop-off service locations are determined by the service provider and not by the passenger.

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Technavio's analysts forecast the global cab services market to grow at a CAGR of 8.46% during the period 2017-2021 .

Covered in this report
The report covers the present scenario and the growth prospects of the global cab services market for 2017-2021 . To calculate the market size, the report considers the revenue generated by different cab operators from passenger customers that hire various cab services for different routes. These cab services include e-hailing, car rental, radio cabs, and offline unorganized cabs.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Cab Services Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• BMW Group
• Didi Chuxing
• Daimler
• Lyft
• Uber

Other prominent vendors
• BiTaksi
• Cabify
• Grab
• Gett
• GoCatch
• Ingogo
• LeCab
• Ola

Market driver
• Growing use of cashless transaction in e-hailing and integration with digital wallets
• For a full, detailed list, view our report

Market challenge
• Threat from regional cab service providers
• For a full, detailed list, view our report

Market trend
• Technological developments in taxi market
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Download the full report: https://www.reportbuyer.com/product/5166470

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