Cab Services Market: Global Industry Analysis and Forecast (2023 -2029)

Cab Services Market is expected to reach US$ 300.20 Bn by 2029, at a CAGR of 9.2% during the forecast period.

Cab Services Market Overview

The Cab service includes hiring the service of the driver along with the vehicle where one or more passengers can travel based on sharing and non-sharing. The cab booking can be done by the passenger with the help of a mobile app according to the distance, pick-up, and drop-off based on the availability of the vehicle, location, etc. The Asia Pacific accounted for 73.13% of the market share in the global cab services market due to factors like transportation, increasing traffic congestion, and low cab fare. Thus market is expected to drive the growth in the region during the forecast period. The report covers the detailed analysis of the global Cab Services industry with the classifications of the market based on service type, vehicle type, and region. Analysis of past market dynamics from 2018 to 2022 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.Cab Services MarketTo know about the Research Methodology :- Request Free Sample Report The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size. The manufacturing environment in each region is different and focus is given to the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed.

Cab Services Market Dynamics

The factors like mobilization, technological advancements, increase in disposable income, rise in population, and changing preferences in traveling are fueling the market of cab services globally. Similarly, growth in the automotive sector with an increase in demand for vehicles and ease of transportation is expected to witness the growth of the cab services market. The increasing number of App languages provides better flexibility to customers so that a passenger can book a cab for the desired destination along with the information of the driver, live tracking, cashless travel, and SOS features, at the touch of a button. This advancement in technology for a safe, secure, and comfortable journey of passengers is expected to drive the growth of the cab services market during the forecast period. The restraining factors like an increase in traffic jamming and changing government rules and regulations regarding road and driver are estimated to hinder the growth of the cab services market during the forecast period.

Cab Services Market Segmentation Analysis

By Service Type, the car services market is segmented into ride-hailing and ride-sharing. According to the data collected a total of 14 million ride-hailing trips are made each day and are expected to cross 100 million at a CAGR of xx% during a forecast period. Many investors are investing in-cab services to improve the technology and services for the customers, where Uber and Grab gained almost 70% traction from the passengers in 2021. By Vehicle Type, the car services market is segmented into passenger vehicles, buses & coaches, and shuttles. Among these passenger vehicles holds the largest market share of xx% in the car services market due to an increase in the production and sale of passenger vehicles of developed countries such as the U.S. and China, and several developing countries such as India, Brazil, and Asian countries. Manufacturers are mainly investing in new technologies of vehicles, which has led to the growth of the car services market. An increase in demand for advanced features, rise in the standard of living, increasing purchasing power capacity, rise in per capita income of individuals, increasing industrialization, changing way of life, and high disposable income are some of the factors for the growth of the car services market globally. The Asia Pacific is expected to hold the largest market share of global car services during the forecast period due to an increase in population, per capita income, growth in innovation & cutting-edge technology, and several vehicles in countries such as India and China. Where China has the world’s largest cab services market due to factors like its flexibility, comfort, good availability, and end-mile connectivity offering. Also, India holds the title of the second-largest country for car services at a CAGR of 16.60% as most people fall under the middle-class economic category, and utilize cabs and auto-rickshaws for commuting short distances. Now a day’s bike cab is becoming even more popular due to its affordability in India.

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Cab Services Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 162.12 Bn.
Forecast Period 2023 to 2029 CAGR: 9.2% Market Size in 2029: US $ 300.2 Bn.
Segments Covered: by Product Ride-hailing Ride-sharing
by Vehicle Type Passenger vehicle, Buses & coaches Shuttles

Cab Services Market by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)

Key Players are:

1. Uber 2. Cabify Ola 3. BMW 4. Diamler 5. Gett 6. ZoomCar 7. Grab 8. Drivezy 9. BiTaksi 10.GoCatch 11.Ingogo 12.Meru 13.Prydo 14.Didi Chuxing 15.ApnaCab Frequently Asked Questions: 1. Which region has the largest share in Global Cab Services Market? Ans: Asia Pacific region holds the highest share in 2022. 2. What is the growth rate of Global Cab Services Market? Ans: The Global Cab Services Market is growing at a CAGR of 9.2% during forecasting period 2023-2029. 3. What segments are covered in Global Cab Services market? Ans: Global Cab Services Market is segmented into  Service, Vehicle Type and Region. 4. Who are the key players in Global Cab Services market? Ans: The important key players in the Global market are Uber, Cabify Ola, BMW, Diamler, Gett, ZoomCar, Grab, Drivezy, BiTaksi, GoCatch, Ingogo, Meru, Prydo, Didi Chuxing, ApnaCab 5. What is the study period of this market? Ans: The Global Cab Services Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Cab Services Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Cab Services Market 3.4. Geographical Snapshot of the Cab Services Market, By Manufacturer share 4. Global Cab Services Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Cab Services Market 5. Supply Side and Demand Side Indicators 6. Global Cab Services Market Analysis and Forecast, 2022-2029 6.1. Global Cab Services Market Size & Y-o-Y Growth Analysis. 7. Global Cab Services Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 7.1.1. Ride-hailing 7.1.2. Ride-sharing 7.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 7.2.1. Passenger vehicle, 7.2.2. Buses & coaches 7.2.3. Shuttles 8. Global Cab Services Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Cab Services Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 9.1.1. Ride-hailing 9.1.2. Ride-sharing 9.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 9.2.1. Passenger vehicle, 9.2.2. Buses & coaches 9.2.3. Shuttles 10. North America Cab Services Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Cab Services Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 12. Canada Cab Services Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 13. Mexico Cab Services Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 14. Europe Cab Services Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 15. Europe Cab Services Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Cab Services Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 17. France Cab Services Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 18. Germany Cab Services Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 19. Italy Cab Services Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 20. Spain Cab Services Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 21. Sweden Cab Services Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 22. CIS Countries Cab Services Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 23. Rest of Europe Cab Services Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 24. Asia Pacific Cab Services Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 25. Asia Pacific Cab Services Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Cab Services Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 27. India Cab Services Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 28. Japan Cab Services Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 29. South Korea Cab Services Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 30. Australia Cab Services Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 31. ASEAN Cab Services Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 32. Rest of Asia Pacific Cab Services Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 33. Middle East Africa Cab Services Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 34. Middle East Africa Cab Services Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Cab Services Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 36. GCC Countries Cab Services Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 37. Egypt Cab Services Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 38. Nigeria Cab Services Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 39. Rest of ME&A Cab Services Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 40. South America Cab Services Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 41. South America Cab Services Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Cab Services Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 43. Argentina Cab Services Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 44. Rest of South America Cab Services Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Service Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Cab Services Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Uber 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Uber 45.5. Cabify Ola 45.6. BMW 45.7. Diamler 45.8. Gett 45.9. ZoomCar 45.10. Grab 45.11. Drivezy 45.12. BiTaksi 45.13. GoCatch 45.14. Ingogo 45.15. Meru 45.16. Prydo 45.17. Didi Chuxing 45.18. ApnaCab 46. Primary Key Insights
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