The Business Research Company’s latest report Taxi and Limousine Services Global Market Report 2020 covers Taxi And Limousine Services market drivers, Taxi And Limousine Services market trends, Taxi And Limousine Services market segments, Taxi And Limousine Services market growth rate, Taxi And Limousine Services market major players, and Taxi And Limousine Services market size. The report provides in-depth analysis of the impact of COVID-19 on the Taxi and Limousine Services industry, along with revised market numbers due to the effects of the coronavirus.
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Taxi and Limousine Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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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 (CAGR) 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 CAGR of 6.5% from 2021 and reach $94.4 billion in 2023.
The report covers the Taxi And Limousine Services market’s segments-
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
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