The Report Covers Global Taxi Market Statistics and is Segmented by Booking Type (Online Booking and Offline Booking), Vehicle Type (Motorcycles, Cars, and Other Vehicle Types (Vans)), Service Type (Ride-Hailing and Ride-Sharing), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Size and Forecasts for the Taxi Market in Value (USD Billion) for all the Above Segments.

Vietnam Taxi Market Report is Segmented by Service Type (Traditional Taxi and Ride-Hailing), Propulsion Type (Internal Combustion Engine (ICE) and Electric & Hybrid) and Province (Ho Chi Minh City, Hà Nội, Quảng Ninh, Binh Duong, Vũng Tàu, Dong Nai, Bắc Ninh, Đà Nẵng, Thanh Hóa, Thái Nguyên, Vĩnh Phúc, Cần Thơ, Hưng Yên, Phú Thọ, Ninh Bình, Huế and Others). The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.

Taxi Market size was valued at USD 132637.74 Billion in 2024 and is projected to reach USD 269966.91 Billion by 2031, growing at a CAGR of 9.29% from 2024 to 2031.

The Taxi Market is driven by several factors, including the increasing urbanization and growing demand for convenient and affordable transportation. The rise of ride-hailing services and the increasing adoption of smartphone technology are further fueling market growth. Additionally, the growing focus on sustainable transportation and the increasing availability of electric and hybrid taxis are driving the demand for eco-friendly transportation solutions. Furthermore, the increasing traffic congestion and the need for efficient urban mobility are driving the demand for taxi services.

Revenue from ride-hailing in the United States was more than twice as high as revenue from taxis in 2023. Ride-hailing is projected to rise from around 52 billion U.S. dollars in 2023 to around 61 billion U.S. dollars in 2029. Meanwhile, revenue in the taxi industry is projected to decline from around 24 billion U.S. dollars to under 19 billion U.S. dollars, reflecting the shift towards online sales channels in the shared transport industry.

The global taxi industry, valued at $278.65 million in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 9.01% from 2025 to 2033. This expansion is driven by several key factors. Increasing urbanization and population density in major cities globally fuel the demand for convenient and efficient transportation solutions. Technological advancements, particularly the rise of ride-hailing apps like Uber and Lyft, have significantly improved accessibility and user experience, contributing to market growth. Furthermore, the increasing adoption of electric and hybrid vehicles within the taxi industry is contributing to a more environmentally conscious and potentially cost-effective operating model, attracting both riders and investors. However, regulatory challenges, fluctuating fuel prices, and intense competition among various ride-hailing platforms pose significant restraints to market growth. The industry is segmented by booking type (online vs. offline), service type (ride-hailing vs. ride-sharing), and vehicle type (motorcycles, cars, vans). Online bookings are the dominant segment, reflecting the widespread adoption of mobile technology. Ride-hailing services, offering on-demand transportation, are also a major contributor to market revenue. Geographically, North America and Europe currently hold significant market share, although the Asia-Pacific region is poised for substantial growth fueled by rapidly expanding economies and increasing smartphone penetration. The competitive landscape is marked by both established giants like Uber and Lyft, and regional players such as Ola and Didi Chuxing, indicating a dynamic and evolving market structure. The forecast period of 2025-2033 anticipates continued growth, driven by ongoing technological innovation, expanding urban populations, and the potential for autonomous vehicle integration. However, sustained growth will depend on addressing regulatory uncertainties and ensuring the long-term sustainability of the industry. Companies are likely to focus on diversification strategies, including expanding into new markets, developing innovative service offerings, and strengthening their technological capabilities to maintain a competitive edge. The focus on enhancing user experience, improving driver benefits, and embracing sustainable transportation solutions will be pivotal in shaping the future trajectory of the taxi industry. Recent developments include: March 2024: After successfully launching services in Vientiane's Capital and the popular tourist destination of Vang Vieng, Xanh SM Laos officially extended its electric taxi operations to Savannakhet Province. This expansion not only signifies the next phase in Xanh SM's brand development but also underscores the company's ongoing dedication to the promotion of electric vehicles., March 2024: Waymo secured approval on Friday from California regulators for offering paid robotaxi rides in the second-largest city in the United States, as well as expanding its services in more areas of the San Francisco Bay Area., January 2024: Baayu, positioned as India’s inaugural app-based 100% electric and decentralized bike taxi service, was launched as a collaborative effort between the state government-run Assam State Transport Corporation and a startup company.. Key drivers for this market are: Increasing Air Pollution Awareness and Health Concern is Driving the Demand. Potential restraints include: High Cost of Installation Related to Industrial Robots. Notable trends are: Online Bookings are Driving the Market.

The global drone taxi market was valued at USD 9.51 million in 2021 and is expected to grow at a CAGR of 62.8% during the forecast period.

The taxi industry in the U.S. was dominated by traditional medallion taxis until the end of the first decade of the 21st century. The emergence of ride hailing companies such as Uber and Lyft put an end to this dominance, with their market expected to double during the period 2017-2023. Uber leads the ride hailing market
Ever since its inception, Uber has had a strong hold on the U.S. ride-hailing market, with Lyft being the only other notable competitor. To give an idea, Uber’s gross bookings totaled 50 billion U.S. dollars in 2018 as compared to just 8.1 billion U.S. dollars for Lyft. The difference in revenues for the two companies was also stark with Uber’s 11.3 billion U.S. dollars being around fives times that of Lyft’s 2.2 billion U.S. dollars. Unsurprisingly, smart-phones and other mobiles account for the majority of Uber users, followed by desktops and tablets. Uber’s growth has not been restricted only to the U.S. with its gross worldwide market also growing exponentially with an increase of 300% over the period 2016 to 2019. Sluggish growth for car rentals
One of the first victims of the increasing popularity of ride-hailing companies in the U.S, is the car rentals industry. Even though car rentals are considered not only as an alternative to other mobility services but also as a complementary service, the market is expected to witness sluggish growth over 2017 to 2023. The same is also true for the industry’s total number of users and average revenue per user.

The ASEAN Taxi Market Report is Segmented by Booking Type (online Booking and Offline Booking), Vehicle Type (motorcycles, Cars, and Other Vehicle Types (vans), Service Type (ride-Hailing and Ride-Sharing), and Countries (Philippines, Malaysia, Thailand, Singapore, and the Rest of ASEAN).

The pr segmentation of the taxi market includes:Vehicle TypeMotorcyclesCarsOther vehiclesService TypeRide-hailingRidesharing Recent developments include: March 2023: Uber said that it would pay $3.1 billion to acquire Careem, the top ride-hailing service in the Middle East and North Africa. The purchase will give Uber a strong footing in the area, which is one of the regions for ride-hailing that is expanding the quickest., October 2021: A new alliance between Uber and the rental car company Hertz was announced. By 2023, Uber's ride-hail drivers will have the opportunity to rent 50,000 Tesla Inc. vehicles thanks to this partnership between the two businesses. Starting on November 1, Los Angeles, San Francisco, San Diego, and Washington DC will be the first places in the US where Uber drivers can rent a Tesla through Hertz., October 2021: Ola purchased GeoSpoc, a provider of geospatial services, to create the next generation of location technology, which will include vector, three-dimensional, and real-time maps., January 2021: Grab and Panasonic together announced plans to employ Panasonic air purifiers in cabs to improve passenger experience.. Key drivers for this market are: Rising urban populations: The increasing number of people living in cities is fueling the demand for convenient and reliable transportation.

Technological advancements: Mobile apps and GPS tracking have made taxis more accessible and efficient.. Potential restraints include: HIGH COST OF CHARGE AIR COOLER AND HEAT EXCHANGER TECHNOLOGIES 46, INTEGRATION CHALLENGES FOR AUTOMOTIVE CHARGE AIR COOLER AND HEAT EXCHANGER 47. Notable trends are: The Market is Driven by Online Bookings.

The revenue in the 'Ride-hailing' segment of the shared mobility market in Russia was forecast to continuously increase between 2024 and 2029 by in total 1.3 billion U.S. dollars (+23.73 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 6.7 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Ride-hailing' segment of the shared mobility market was continuously increasing over the past years.Find more information concerning Poland and Vietnam. The Statista Market Insights cover a broad range of additional markets.

Taxi Market size was valued at USD 215.66 billion in 2023 and is poised to grow from USD 234.64 billion in 2024 to USD 460.71 billion by 2032, growing at a CAGR of 8.8% during the forecast period (2025-2032).

The global robo taxi market size reached USD 1.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 72.8 Billion by 2033, exhibiting a growth rate (CAGR) of 50.67% during 2025-2033. The significant technological advancements, shifting toward eco-friendly alternative to traditional gas-powered vehicles, rapid urbanization and growing traffic congestion challenges, and supportive regulations and legal frameworks to provide the necessary foundation for robo taxi are some of the major factors propelling the market.

IMARC Group provides an analysis of the key trends in each segment of the global robo taxi market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on application, level of autonomy, vehicle, service, and propulsion.

Explore the Air Taxi Market trends! Covers key players, growth rate 9.9% CAGR, market size $71.33 Billion, and forecasts to 2034. Get insights now!

The Air Taxi Market Report is Segmented by Mode of Operation (Autonomous and Piloted) and Geography (North America, Europe, Asia-pacific, Latin America, And the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Taxi Market is expected to grow at a high CAGR during the forecast period 2023-2030 | DataM Intelligence

According to Cognitive Market Research, the global Nev taxi market size will be USD 155624.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 3.80% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 62249.84 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.0% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 46687.38 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 35793.66 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 7781.23 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3112.49 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2025 to 2033.
The battery electric vehicle category led the nev taxi market.

Market Dynamics of Nev Taxi Market

Key Drivers for Nev Taxi Market

Technological Advancements in Battery Efficiency and Range to Drive Market Growth

Technological advancements in battery efficiency and range are pivotal to driving the growth of the NEV taxi market. As battery technology improves, electric taxis can travel longer distances on a single charge, addressing range anxiety and making them more suitable for daily use in urban environments. Enhanced battery efficiency also reduces the overall operational costs, making electric taxis more attractive to fleet operators. Additionally, advancements in fast-charging technologies minimize downtime, ensuring that taxis can stay in operation longer. These innovations contribute to a more reliable and cost-effective electric vehicle fleet, supporting the transition from traditional gasoline-powered taxis to greener, more sustainable alternatives. This shift is essential for the long-term growth of the NEV taxi market. For instance, In June 2024, Kempegowda International Airport Bengaluru (BLR Airport) introduced a new fleet of 175 electric vehicle (EV) SUVs as part of its strategy to reduce carbon emissions. Launched in collaboration with Refex Group, Refex eVeelz provided a 100% electric fleet, making over half of BLR's taxi fleet electric, fulfilling the airport's environmental commitment.

(Source: https://worldaviationfestival.com/blog/airports/blr-airport-launches-new-ev-taxi-fleet/)

Expansion of Electric Vehicle Charging Infrastructure Is Propelling Market Growth

The expansion of electric vehicle charging infrastructure is significantly propelling the growth of the NEV taxi market. Improved access to charging stations reduces range anxiety, encouraging taxi operators to transition to electric vehicles. Governments and private organizations are investing heavily in fast-charging networks to support the growing demand for NEVs in urban and suburban areas. Technological advancements, such as ultra-fast charging and wireless charging solutions, further enhance the convenience and efficiency of electric taxis. These developments are enabling quicker turnaround times for taxi operations and improving fleet utilization rates. As charging infrastructure continues to expand and evolve, it plays a pivotal role in accelerating the adoption and growth of the NEV taxi market worldwide.

Restraint Factor for the Nev Taxi Market

Insufficient Battery Range for Extended Trips or Heavy Usage Hampers Market Growth

Insufficient battery range for extended trips or heavy usage poses a significant challenge to the growth of the NEV taxi market. Many electric vehicles cannot currently meet the demanding operational needs of taxi services, which often involve long hours of continuous use or covering substantial distances. This limitation forces operators to schedule frequent charging breaks, reducing overall efficiency and profitability. Additionally, inadequate battery range discourages taxi drivers from transitioning to electric models, especially in regions with underdeveloped charging infrastructure. While advancements in battery technology are gradually addressing these concerns, the existing gap in range performance remains a criti...

The Robo Taxis Market is projected to grow at 71.0% CAGR, reaching $17.19 Billion by 2029. Where is the industry heading next? Get the sample report now!

The size and share of the market is categorized based on Type (Ride-hailing, Taxi) and Application (<20 Years Old, 20-30 Years Old, 31-40 Years Old, 41-50 Years Old, >50 Years Old) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The size and share of the market is categorized based on Application (Battery Electric Taxis, Plug-in Hybrid Taxis, Hybrid Electric Taxis, Fuel Cell Electric Taxis, Solar Electric Taxis) and Product (Urban Transport, Airport Shuttle Services, Ride-Hailing Services, Corporate Transport, Government Fleets) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The Report Offers Australian Taxi Industry Statistics and is Segmented by Service Type (Ride Hailing and Ridesharing), Booking Type (Online Booking and Offline Booking), Vehicle Type (Hatchback, Sedan, and SUV/MPV), and Country (New South Wales, Victoria, Queensland, Western Australia, and Rest of Australia). The Report Offers Market Size and Forecasts for the Australian Taxi Market in Value (USD Billion) for all the Abovementioned Segments.