The Taxi And Limousine Services Global Market Report 2021-30 by The Business Research Company describes and explains the global taxi and limousine services market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Taxi And Limousine Services Global Market Opportunities And Strategies Report 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.
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The taxi and limousine services market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.
Taxi And Limousine Services Global Market Opportunities And Strategies Report 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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Trends in the market include:
Eco-Friendly Electric Cab Services-
Global warming is a cause of concern across the world. Vehicles emissions is a major contributor to carbon footprint on our planet. With fossil fuels about to run out and an imminent carbon footprint reduction burden, electric cars have become the future of taxis. Given the growing demand for an eco-friendly future, electric taxis tend to be the logical step. The trend of electric cars is picking up and taxi companies are putting efforts to include electric cars into their fleet. Norway is the leading country with the highest number of electric vehicles per capita worldwide. Electric cars are on many countries’ wish lists, which is why there is a political will for this to happen. Due to this, taxi company owners and taxi drivers may benefit from various incentives and schemes offered by their respective governments. In the USA, electric cabs are in operation, including Electric Cab North America, whose cabs are considered to provide zero emission micro-transit services in heavily congested metropolitan areas. Also, in India, as the government pushes electrification of public mobility by including electric vehicles into its Vision 2030, cab services provider Ola, India’s leading mobility platform, is shifting towards electric vehicles. Ola has raised a sum of $52.63 million (INR 400 crore) to fund Ola Electric Mobility Pvt Ltd., its electric mobility business.
Social Media For Strategic Customer Relationship Management-
Taxi and limousine services providers are increasingly using social media presence to improve customer loyalty and gain overall presence in the market. Social media is widely used by transportation service providers to increase their market presence by increasing the number of followers and establishing a stronger connection with them . For instance, Uber, an American on-demand cab transportation service provider with an international presence, has been using various social media stops to maximize profits and satisfaction of both its suppliers and customers . Uber has about 22 million followers on Facebook , 1 million followers on Twitter and 983 thousand followers on Instagram . Uber’s Facebook account provides information of all the latest deals, discounts, new rides, riding arrangements and offers, and addresses consumer complaints. Through Uber’s Twitter and Instagram accounts, the company tries to increase its influence on customers by posting latest deals and discounts in picture and video formats.
The market is segmented:
By Type Of Service –
- a) Online Taxi Services
- b) Tele And Offline Taxi Services
- c) Limousine Services
By Vehicle Type –
- a) Cars
- b) Motorcycles
- c) Others
By Payment Mode –
- a) Online
- b) Cash
By Ride Type –
- a) Individual
- b) Car Pool/Share
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