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Thursday, January 27, 2022

Global Moto Taxi Service Market to be Driven by the Rising Issues of Traffic Congestion in the Forecast Period of 2022-2027

 The new report by Expert Market Research titled, ‘Global Moto Taxi Service Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global moto taxi service market, assessing the market based on its segments like types, applications, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators and analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): USD 13.55 Billion
  • Forecast CAGR (2022-2027): 7.94%
  • Forecast Market Size (2027): USD 21.43 Billion

The moto taxi service market is being driven by the growing demand for efficient passenger transportation services. This can be associated with the rising global population and its subsequent transportation needs. In addition, the increased demand for ride sharing facilities is anticipated to aid the market growth in the forecast period. Ride sharing services are not only cost-effective but are also environment friendly, which is anticipated to add to its popularity in the forecast period. Moreover, the growing investments by the leading market players in the development and expansions of moto taxi services is also predicted propel the market growth in the forecast period.

Industry Definition and Major Segments

Moto taxi service refers to bike-taxi services, which can be availed by individuals through the help of internet-based applications and websites. Under these services, the passenger sits as a pillion behind the rider and can avail long and short-distance services. In addition, these services also provide package delivery facilities.

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The moto taxi service market, on the basis of type, can be segmented into:

  • E-hailing
  • Ride Sharing

Based on application, the industry can be segregated into:

  • Passenger
  • Load

The regional markets for moto taxi service include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The global automotive power liftgate industry is being driven by the rising issues of traffic congestion. This can be attributed to the rising number of vehicles on the road and lack of adequate infrastructure such as poor condition of roads and the inclining fuel prices. The rapid urbanisation is further estimated to positively impact the market growth. Moreover, the increased adoption of moto taxi service can also be associated with the demand for last mile drop off services, which is unavailable in the case of public transportation. The factors are anticipated to augment the market growth in the coming years.

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Key Market Players

The major players in the market are ANI Technologies Pvt. Ltd., GOJEK, Baxter, Grab, Bolt Technology OU, Uber Technologies Inc., and MotoTaxi Services, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Contact Person:-Ian Bell, Business Consultant
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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