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 ** billion U.S. dollars in 2023 to around ** billion U.S. dollars in 2029. Meanwhile, revenue in the taxi industry is projected to decline from around ** billion U.S. dollars to under ** billion U.S. dollars, reflecting the shift towards online sales channels in the shared transport industry.

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 ** billion U.S. dollars in 2018 as compared to just *** billion U.S. dollars for Lyft. The difference in revenues for the two companies was also stark with Uber’s **** billion U.S. dollars being around fives times that of Lyft’s *** 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 ***% 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.

While revenue from ride-hailing in the United States is projected to grow over the coming years, revenue in the taxi sector is projected to shrink in the same period. In 2022, both markets still benefitted from the market rebounding following the COVID-19 pandemic. However, in 2023 the taxi sector's revenues already decreased by *** percent. Meanwhile, the ride-hailing sector experienced a revenue growth of nearly ** percent.

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.

The revenue in the 'Ride-hailing' segment of the shared mobility market in Russia was forecast to continuously increase between 2025 and 2029 by in total * billion U.S. dollars (+***** percent). After the ninth consecutive increasing year, the revenue is estimated to reach *** 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.

Taxicabs and limousines are supported by per capita disposable income and consumer spending, while luxury sedans are supported by rising corporate profit and business activity. Following a period of dampened corporate demand due to high inflation impacts, businesses began regaining profitability, leading to a surge in demand for luxury travel options. Several major corporations rolled back work-from-home policies, encouraging their workforce to return to the office, further stimulating industry growth, especially in urban areas. This period also witnessed traditional taxi services grappling to compete with the ease and cost-effectiveness introduced by ride-hailing platforms, as changes in consumer preferences were stark, with many users prioritizing cost savings over loyalty to specific platforms. Revenue is expected to rise at a CAGR of 13.7% to $74.2 billion through the end of 2025, including growth of 1.7% in 2025 alone. The double-digit CAGR is attributed to the low comparison base driven by the COVID-19 pandemic in 2020. The taxi and limousine industry is dealing with a cooling labor market and rising borrowing costs. This economic backdrop has led to consumers reassessing their spending on transportation, with many opting for public transit over pricier taxi fares amidst higher living costs. Ride-hailing apps responded to this trend by rolling out promotional offers to retain their user base, while concurrently, pilot programs were launched to integrate traditional taxi services with digital platforms, aiming to capitalize on the broader customer reach. Meanwhile, regulatory challenges have slowed the progress of autonomous taxi deployment, highlighted by General Motors' decision to dismantle its Cruise project. Still, autonomous taxi adoption remains viable, as Uber and Lyft both are partnering with autonomous taxi providers. Taxi and limousine services benefited from growing integration with ride-hailing apps and rebounding business and domestic travel, allowing them to offset rising expenses and bolster profit. Consumer confidence and disposable incomes are projected to rise, propelling demand for premium and convenient transportation modes. As corporations continue to mandate returns to the office, metropolitan taxi services are expected to see increased patronage from the returning workforce. The integration between traditional taxis and ride-hailing apps is likely to deepen, enhancing consumer accessibility and expanding driver participation through programs like Uber's Advantage Mode. Furthermore, urban mobility policies will play a crucial role in shaping the adoption of electric and hybrid fleets, with initiatives in cities like New York acting as benchmarks for broader trends across the US. While uncertainties remain around federal support for electric infrastructure, these developments will fundamentally influence the industry's trajectory. Industry revenue is set to expand by a CAGR of 2.7% to an estimated $84.6 billion through the end of 2030.

The ride-sharing industry continues to be dominated by Uber and Lyft, with both companies expanding their reach and strengthening their hold on US urban mobility. The current landscape is marked by a shift toward electrification, growing adoption of loyalty and subscription programs and increasing integration with public transit and last-mile delivery. Profit has improved, with profit now representing 4.2% of revenue as leading platforms deploy technologies to optimize routing, minimize idle time and scale multi-modal services. Industry revenue is also expected to climb at a CAGR of 24.7% from 2020-2025, reaching $21.0 billion in 2025, a robust 13.7% year-over-year increase fueled by the rapid rebound in travel, consumer spending and business activity after pandemic-era lows. Consolidation remains a defining feature as Uber and Lyft operate in a de facto duopoly, leveraging network effects and technology to keep new entrants at bay. The customer experience is front-and-center, with personalization and seamless digital engagement driving repeat usage and platform loyalty. However, cost pressures, in the form of rising wages, insurance premiums and the upfront electrification costs, are mounting. Regulatory developments, including new pay mandates and regional electrification targets, reshape operating models and could constrain profit. Despite these challenges, ongoing mobile connectivity and business travel growth support the appetite for convenient, app-based mobility. This has sustained consumer demand and contributed to outsized growth compared to traditional taxis and public transit. Future growth is expected to moderate as the industry shifts into a mature phase. Success will hinge on investment in technology, regulatory adaptation and continued enhancement of the rider experience, as platforms strive to balance cost pressures with the promise of environmentally sustainable growth. Over the next five years, profit as a revenue share is anticipated to stabilize at 3.9% in 2030 as companies absorb higher compliance and electrification costs while seeking new efficiencies and adjacent services. Annual revenue expansion is forecast to slow to a CAGR of 2.5% during 2025-2030, with industry sales reaching $23.8 billion through the end of 2030.

The revenue in the 'Ride-hailing' segment of the shared mobility market in Vietnam was forecast to continuously increase between 2025 and 2029 by in total 0.6 billion U.S. dollars (+31.91 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 2.46 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 other key market indicators concerning the average revenue per user (ARPU) and number of users. The Statista Market Insights cover a broad range of additional markets.

Introduction

Uber vs Taxi Statistics: The year 2024 brought major disruptions in terms of shifting the ride-hailing mix further toward a new ride-hailing environment at the expense of the old. Uber has almost three-quarters of the market in the U.S., putting taxis on the brink of extinction. Globally, the valuation of ride-hailing services amounts to nearly US$271 billion, and it is expected to grow further.

This article thus presents some key Uber vs Taxi statistics in 2025 - revenue, usage, driver counts, and future projections that you can have a clear quantitative analysis.

According to Cognitive Market Research, the global Taxi APP market size will be USD 281545.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 112618.20 million in 2024 and will rise at the compound annual growth rate (CAGR) of 8.0% from the year 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 84463.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 64755.47 million in 2024 and will rise at the compound annual growth rate (CAGR) of 11.8% from the year 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 14077.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 5630.91 million in 2024 and will rise at the compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
The business category is the fastest growing segment of the Taxi APP industry

Market Dynamics of Taxi APP Market

Key Drivers for Taxi APP Market

Shift Toward Cashless and Contactless Transactions to Boost Market Growth

The growing shift toward cashless and contactless transactions, accelerated by the COVID-19 pandemic, is another major factor driving the taxi app market. Consumers increasingly prefer digital payment methods, such as credit/debit cards, mobile wallets, and in-app payments, over cash transactions due to convenience, security, and hygiene concerns. Taxi apps integrate secure payment gateways, enabling users to make cashless payments for rides, which enhances both the convenience and safety of the ride-hailing experience. This shift aligns with broader digital payment trends, making taxi apps a more attractive and user-friendly option for passengers. Additionally, taxi drivers benefit from seamless payment processing, which reduces the risks associated with handling cash. The increased demand for contactless interactions is expected to continue driving the growth of the taxi app market as both consumers and service providers embrace the benefits of digital payments. For instance, after launching services successfully in Vientiane's Capital, Xanh SM Laos officially expanded its electric taxi operations to Savannakhet Province. This expansion not only defines the next phase in Xanh SM's brand development but also underscores the company's ongoing dedication to the promotion of EVs.

Increased Smartphone Penetration and Digital Transformation to Drive Market Growth

The rise in smartphone penetration and the ongoing digital transformation of urban transportation is a key driving factor for the taxi app market. With the widespread use of smartphones, consumers now have easy access to mobile applications that offer convenience, reliability, and real-time ride-hailing services. Taxi apps provide users with a seamless experience by allowing them to book rides, track their driver, and make payments via mobile platforms. Additionally, advancements in mobile technology, such as GPS, real-time tracking, and secure digital payments, have further enhanced the functionality of these apps, improving customer satisfaction. This digital convenience has led to a surge in the adoption of taxi apps globally, as more users prefer them over traditional taxi services. The growing adoption of mobile apps for transportation is transforming the way people commute, making it a key driver for the taxi app market’s growth.

Restraint Factor for the Taxi APP Market

Regulatory and Compliance Challenges Will Limit Market Growth

Many cities and countries have specific regulations governing ride-hailing services, such as licensing requirements, fare structures, and safety standards. Compliance with these regulations can be time-consuming and costly, especially for new entrants. In some regions, taxi unions and traditional taxi services lobby against app-based services, pushing for stricter regulations or even banning them. Additionally, fluctuating local government policies can lead to uncertainties, hindering growth and expansion plans for taxi app companies. These regulatory challenges not only create barriers to en...

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.

This statistic shows the revenue of the industry “taxi operation“ in Finland from 2012 to 2018, with a forecast to 2025. It is projected that the revenue of taxi operation in Finland will amount to approximately ******** million U.S. Dollars by 2025.

According to Cognitive Market Research, the global Ride-Hailing Market will be USD 191548.25 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 76619.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 57468.48 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 44056.10 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
The Latin America market will account for more than 5% of global revenue and have a market size of USD 9577.41 million in 2024. It will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 3830.97 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
The institutional held the highest Ride Hailing Market revenue share in 2024.

Market Dynamics of Ride Hailing Market

Key Drivers of Ride Hailing Market

Urbanization And Traffic Congestion To Increase The Demand Globally

Current urbanization trends and increased traffic congestion in many cities have further increased the demand for taxi services. As more people flock to city centers for work and play, the need for efficient and reliable transportation solutions becomes paramount. Carpool services provide a convenient alternative to owning a private car, encourage carpooling, and help alleviate traffic congestion by reducing the number of single-occupant vehicles on the road. Taxi companies are constantly improving their services to stay ahead in the competitive market. This includes introducing new features such as car sharing, luxury car options, and integration with public transportation. By diversifying their offerings and serving different customer segments, companies can attract a broader user base and increase their market share.

Flexible Employment Opportunities To Propel Market Growth

The growing popularity of taxis is also creating new opportunities for people looking for flexible working arrangements. As independent contractors, drivers have the right to set their schedules and work as many hours as they want. This flexibility appeals to a wide range of people, including students, retirees, and looking for additional income. Taxi services are often a cost-effective alternative to owning and maintaining a private vehicle or using traditional taxi services. Dynamic pricing algorithms and economies of scale allow companies to offer competitive prices that appeal to budget-conscious consumers. Additionally, the ability to split the fare between multiple passengers makes hailing a taxi even more profitable, especially for shared trips.

Restraint Factors Of Ride Hailing Market

Regulatory Oversight And Uncertainty To Limit The Sales

Many jurisdictions impose strict regulations on rideshare companies, from licensing requirements and driver background checks to limits on fare increases and vehicle emissions standards. Overcoming these regulatory hurdles can be costly and time-consuming for companies and may limit their ability to operate effectively and enter new markets. Classifying drivers as independent contractors rather than employees is a controversial issue in the taxi industry. This classification gives drivers flexibility but also denies them access to benefits such as health insurance, retirement plans, and paid time off. Several lawsuits and legal initiatives have challenged the independent contractor model, raising concerns about the rights and protections afforded to drivers and their overall well-being.

Key Trends for Ride Hailing Market

Integration of AI and Real-Time Data for Enhanced User Experience

Ride-hailing services are progressively incorporating artificial intelligence alongside real-time data analytics to refine their operations and boost customer satisfaction. These advanced technologies facilitate dynamic pricing, demand forecasting, route optimization, and fraud detection, leading to quicker response times and enhanced cost-effectiveness. Real-time tracking and tailored ride sugg...

According to Cognitive Market Research, the global Robo Taxi market size will be USD 4670 million in 2025. It will expand at a compound annual growth rate (CAGR) of 62.40% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 1727.90 million in 2025 and will grow at a compound annual growth rate (CAGR) of 60.1% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 1354.30 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 1120.80 million in 2025 and will grow at a compound annual growth rate (CAGR) of 26.7% from 2025 to 2033.
South America has a market share of more than 4% of the global revenue with a market size of USD 177.46 million in 2025 and will grow at a compound annual growth rate (CAGR) of 24.4% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 186.80 million in 2025 and will grow at a compound annual growth rate (CAGR) of 25.1% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 102.74 million in 2025 and will grow at a compound annual growth rate (CAGR) of 23.9% from 2025 to 2033.
Level 5 Level of Autonomy is the fastest growing segment of the Robo Taxi industry

Market Dynamics of Robo Taxi Market

Key Drivers for Robo Taxi Market

Advancements in Autonomous Vehicle Technology to Boost Market Growth

Advancements in Autonomous Vehicle Technology are a major driver of the Robo Taxi Market as they enhance safety, efficiency, and reliability. Continuous improvements in AI, machine learning, LiDAR, radar, and camera systems enable robo taxis to navigate complex urban environments with minimal human intervention. These technologies allow for real-time decision-making, obstacle detection, and adaptive driving, making autonomous taxis a viable alternative to traditional ride-hailing services. Furthermore, 5G connectivity and V2X (Vehicle-to-Everything) communication improve traffic coordination and passenger safety. Companies like Waymo, Tesla, and Cruise are investing heavily in Level 4 and Level 5 autonomy, accelerating large-scale deployment. As technology matures and costs decrease, robo taxis become more accessible, reducing urban congestion and enhancing shared mobility solutions. For instance, in May 2023, Beijing Didi Chuxing Technology Co., Ltd. Partnered with GAC AION for mass production of fully self-driving electric robotaxi. The first mass-produced model is expected to be on its shared mobility network and integrated into a large-scale mixed dispatching system by 2025.

https://www.didiglobal.com/news/newsDetail?id=1053&type=news

Rising Demand for Cost-Effective and Shared Mobility Solutions To Boost Market Growth

Rising demand for cost-effective and shared mobility solutions is a key driver of the Robo Taxi Market as urban populations seek affordable, convenient, and efficient transportation alternatives. Robo taxis eliminate driver costs, reducing fares compared to traditional ride-hailing services like Uber and Lyft. Their autonomous operation lowers operational expenses, making shared rides even more economical. With increasing traffic congestion and limited parking space, many consumers prefer on-demand, pay-per-use mobility over private car ownership. Robo taxis support the Mobility-as-a-Service (MaaS) model, promoting efficient urban transport. Additionally, businesses and governments encourage shared autonomous fleets to reduce carbon emissions and traffic congestion, making robo taxis an attractive long-term solution for sustainable and cost-effective mobility.

Restraint Factor for the Robo Taxi Market

High Initial Investment and Infrastructure Costs Will Limit Market Growth

High initial investment and infrastructure costs significantly restrain the Robo Taxi Market as the development, deployment, and maintenance of autonomous vehicles require substantial financial resources. Advanced technologies like AI, LiDAR, radar, and high-performance computing systems make robo taxis expensive to manufacture. Companies must also invest in fleet management software, cybersecurity, and regulatory compliance, further increasing costs. Additionally, cities need dedicated infrastructure such as 5G connectivity, V2X (Vehicle-...

The number of users in the 'Ride-hailing' segment of the shared mobility market in the United States was forecast to continuously increase between 2025 and 2029 by in total *** million users (+**** percent). After the ninth consecutive increasing year, the number of users is estimated to reach ***** million users and therefore a new peak in 2029. Notably, the number of users of the 'Ride-hailing' segment of the shared mobility market was continuously increasing over the past years.Find more information concerning Vietnam and Germany. The Statista Market Insights cover a broad range of additional markets.

North America Two Wheeler Taxi Market is expected to grow during 2025-2031

North America Air Taxi Market is expected to grow during 2025-2031