The global taxi and limousine services market is expected to decline from $83.0 billion in 2019 to $46.7 billion in 2020 at a compound annual growth rate of -43.7%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a compound annual growth rate of 6.5% from 2021 and reach $94.4 billion in 2023.
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The taxi and limousine services market consist of sales of taxi and limousine services by entities (organizations, sole traders and partnerships) that provide passenger transportation via automobiles or vans, or provide an array of specialty and luxury passenger transportation services via limousine or luxury sedan, generally on a reserved basis. Taxi and limousine services establishments usually provide services on demand. These establishments do not operate over regular routes and on regular schedules.
Global Taxi And Limousine Services Market Segmentation –
1)By Type Of Service : Online Taxi Services, Tele And Offline Taxi Services, Limousine Services
2)By Vehicle Type : Cars, Motorcycles, Others
3)By Payment Mode : Online, Cash
4)By Ride Type : Individual, Car Pool/Share
Global Taxi And Limousine Services Market Driver –
Technology advances have boosted the demand for taxi services, as passengers can access various cab facility providers and book a cab for a comfortable, safe, and secure journey. Therefore, ease of transportation via cabs positively impacts the taxi and limousine services market.
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Few Points From The Global Taxi And Limousine Services Market TOC
1 Taxi And Limousine Services Market Executive Summary
2 Table Of Contents
3 List Of Figures
4 List Of Tables
5 Report Structure
6.1.1. Segmentation By Geography
6.1.2. Segmentation By Type Of Service
6.1.3. Segmentation By Vehicle Type
6.1.4. Segmentation By Payment Mode
6.1.5. Segmentation By Ride Type
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