The Vietnam Taxi Market report segments the industry into Service Type (Traditional Taxi, Ride-Hailing), Propulsion Type (Internal Combustion Engine (ICE), Electric and Hybrid), and Province (Ho Chi Minh City, Ha Noi, Quang Ninh, Binh Duong, Vung Tau, Dong Nai, Bac Ninh, Da Nang, Thanh Hoa, Thai Nguyen, Vinh Phuc, Can Tho, Hung Yen, Phu Tho, Ninh Binh, Hue, and more). Five years of historical data and forecasts are included.

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.

Vietnam Taxi Market size was valued at USD 2.1 Billion in 2024 and is projected to reach USD 3.9 Billion by 2032, growing at a CAGR of 7.8% from 2026 to 2032.

Key Market Drivers:

Rising Urbanization and Mobility Needs: Vietnam is experiencing rapid urbanization, with the General Statistics Office reporting in 2023 that approximately 38.2% of the population now resides in urban areas, up from 34.5% in 2020. As cities grow, the demand for efficient, accessible transportation services rises. Major taxi operators like Mai Linh and Vinasun are expanding their fleets to cater to the increasing need for urban mobility. Additionally, these companies are investing in digital solutions, allowing passengers to book rides via mobile apps.

The Vietnam taxi market, valued at $500 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 11.80% from 2025 to 2033. This expansion is fueled by several key drivers. Rising urbanization and increasing disposable incomes within Vietnam are leading to higher demand for convenient and reliable transportation options. The burgeoning tourism sector further contributes to this growth, as visitors rely heavily on taxis for navigating unfamiliar cities. Technological advancements, particularly the rise of ride-hailing apps and online booking platforms, are transforming the industry, offering increased accessibility and efficiency. The market is segmented by booking type (offline and online), service type (ride-hailing and ride-sharing), and vehicle type (motorcycles, cars, and vans). Online booking is rapidly gaining traction, reflecting the increasing smartphone penetration and digital literacy within the country. Ride-hailing services, particularly those leveraging technology for efficient dispatch and fare calculation, are experiencing significant growth, outpacing traditional offline booking methods. The dominance of cars in the vehicle type segment is expected to continue, although the motorcycle segment remains significant, particularly in smaller cities and towns. Competition amongst key players like Grab Holdings Inc, Gojek Tech, and local companies such as Mai Linh Group and Vinasun Taxi Corp, is driving innovation and improvements in service quality. While the market presents significant opportunities, certain restraints are also at play. These include fluctuating fuel prices, which directly impact operational costs for taxi operators, and potential regulatory challenges related to the licensing and operation of ride-hailing services. Traffic congestion in major cities like Ho Chi Minh City and Hanoi also poses a significant constraint on efficiency and profitability. However, the ongoing infrastructure development and government initiatives aimed at improving urban transportation networks are expected to mitigate these challenges over the long term. The continued investment in technological solutions, combined with a growing preference for convenient and affordable transportation options, positions the Vietnam taxi market for continued, strong growth over the forecast period. Recent developments include: January 2024: Xanh SM, a new transportation brand launched in early 2023 focusing on sustainable growth, launched a short-term self-driving car rental service, Xanh SM Rentals, with electric car rental packages offering attractive price policies, and attracted more than 15 million customers after only 8 months of launch., April 2023: Green and Smart Mobility JSC (GSM) was established and launched in Vietnam as a multi-platform green transportation model. It operates with a fleet of 100% electric vehicles.. Key drivers for this market are: Rapid Urbanization and Demand for Convinient Transportation. Potential restraints include: Rapid Urbanization and Demand for Convinient Transportation. Notable trends are: Ride-hailing Services are Anticipated to Play a Key Role in the Market.

The Vietnam ride-hailing market, valued at $880 million in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 19.5% from 2025 to 2033. This surge is driven by several factors. Firstly, increasing urbanization and a burgeoning middle class are fueling demand for convenient and affordable transportation options. Secondly, smartphone penetration and improved internet connectivity are creating a fertile ground for the adoption of ride-hailing apps. Thirdly, government initiatives aimed at improving infrastructure and promoting technological advancements are further bolstering market growth. Competition is fierce, with established players like Grab and Gojek vying for market share alongside local companies like Be Group and FastGo. The market is segmented by vehicle type (passenger cars and motorcycles), propulsion type (ICE and electric), and geographic region, with major cities like Hanoi and Ho Chi Minh City contributing significantly to overall revenue. The growth of electric vehicle adoption within the ride-hailing sector is expected to be a key trend in the coming years, driven by both environmental concerns and government incentives. However, regulatory challenges, traffic congestion, and the need for skilled drivers remain potential constraints to market expansion. The forecast period (2025-2033) anticipates substantial market expansion, driven by continued technological innovation and evolving consumer preferences. The dominance of major players is likely to persist, although smaller, localized companies will continue to play a significant role. The penetration of electric vehicles into the ride-hailing fleet will be a key differentiating factor, with companies investing in eco-friendly options gaining a competitive edge. Furthermore, strategic partnerships and mergers & acquisitions are anticipated as companies seek to consolidate their market position and expand their service offerings. Understanding the intricate balance between these growth drivers and potential restraints is crucial for successfully navigating this dynamic market. Recent developments include: March 2024: Following successful launches in Vientiane and the tourist town of Vang Vieng, Xanh SM Laos officially expanded its electric taxi service to Savannakhet Province. This marks Xanh SM’s next step in brand development and the company’s continued commitment toward promoting electric vehicles and environmental protection worldwide., January 2024: Mai Linh Corporation expanded its services in Hanoi, Da Nang, and DongNai to further strengthen its legacy in the ride-hailing market., October 2023: Gojek, the Indonesian technology firm, announced its expansion into Binh Duong (Di An, Thuan An, and Thu Dau Mot) and Dong Nai (Bien Hoa) provinces, situated as neighboring cities to Ho Chi Minh City (HCMC)., June 2023: VinFast announced the launch of VF 3, a mini electric car model designed for the Vietnamese market. The VinFast VF 3, categorized as a mini car, presents various advantages, rendering it appropriate for diverse applications and conditions.. Key drivers for this market are: Increased Travel and Tourism to Provide Long-term Momentum in Market, Increased Internet and Smartphone Penetration to Drive Market Demand. Potential restraints include: Increased Travel and Tourism to Provide Long-term Momentum in Market, Increased Internet and Smartphone Penetration to Drive Market Demand. Notable trends are: Passenger Cars will Continue to be the Largest Segment.

The Asia-Pacific (APAC) two-wheeler taxi market is experiencing robust growth, projected to reach a market size of $0.39 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 24.50% from 2025 to 2033. This surge is driven primarily by increasing urbanization, rising traffic congestion in major APAC cities, and the affordability and convenience offered by two-wheeler taxis compared to traditional four-wheeler options. The "pay-as-you-go" model dominates the service type segment, attracting a large customer base seeking flexible and cost-effective transportation solutions. However, subscription-based services are emerging as a significant growth area, offering value-added benefits and attracting a loyal customer base. Market penetration is particularly high in densely populated countries like India, China, and Vietnam, where two-wheelers provide a crucial last-mile connectivity solution. Factors like improved technological integration (GPS tracking, digital payment options), increasing smartphone penetration, and the expansion of ride-hailing platforms are further bolstering market expansion. While regulatory challenges related to safety and licensing remain, the overall market outlook is incredibly positive, fueled by a growing young population embracing on-demand transportation and a push for sustainable mobility options within these often congested urban environments. The market segmentation reveals that motorcycles and scooters contribute significantly to the two-wheeler taxi market, with motorcycles potentially holding a larger market share due to their wider availability and affordability. While specific regional data for China, India, Japan, Thailand, and Vietnam are unavailable, a logical deduction based on population density, technological adoption rates, and existing ride-hailing infrastructure suggests that India and Vietnam might be experiencing the fastest growth rates within the APAC region. The competitive landscape is dynamic, with both established players like Uber and Ola and regional startups vying for market dominance. The increasing competition is likely to spur innovation in service offerings, pricing strategies, and technological advancements, ultimately benefitting consumers and furthering market growth. This rapid expansion presents significant opportunities for both investors and businesses looking to capitalize on the growing demand for efficient and affordable two-wheeler taxi services across the diverse APAC region. Recent developments include: May 2022: A significant milestone was achieved as the Thai government and the United Nations Environment Program (UNEP) jointly initiated a pilot project for electric motorcycle taxis in Thailand. In a remarkable collaboration, approximately fifty electric motorcycles generously donated by the Chinese company TAILG will be utilized as green motorcycle taxis, serving as both a research project and a demonstration of sustainable mobility., May 2022: An innovative public-private initiative was launched in Thailand as the Electricity Generating Authority of Thailand (EGAT), The Stallions Company Limited (Stallions), and Dongguan Tailing Electric Vehicle Company Limited (TAILG) of China joined forces. Their partnership aims to introduce electric mobility in the form of motorcycle taxis to the public, offering an eco-friendly and efficient transportation option.. Key drivers for this market are: Rise in Smartphone User and Internet Penetration Across the Region. Potential restraints include: Increase in Traffic Problems. Notable trends are: Increase in Smartphone and Internet Penetration Across the Region will Stimulate Pay as You Go Segment.

The APAC Two-Wheeler Taxi Industry is segmented by Vehicle Type (Motorcycle and Scooter), Service Type (Pay as You Go and Subscription-Based), and Geography (China, India, Japan, Thailand, Vietnam, and the Rest of Asia-Pacific). The report offers the market size and forecast in value (USD) for all the above segments.

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Moto Taxi Service Market Size 2024-2028

The moto taxi service market size is forecast to increase by USD 12.87 billion at a CAGR of 9.7% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. One major trend driving market growth is the increase in investments for moto taxi startups, reflecting the strong investor confidence in this sector. Additionally, the use of social media and analytics is becoming increasingly prevalent In the industry, enabling providers to better understand customer preferences and tailor their services accordingly. Motorbike owners can use moto-taxi service software to manage customer requests and track distance travelled. However, the market also faces challenges, such as regulatory restrictions and bans on moto taxis in various countries, which can hinder market expansion. Overall, the market is poised for growth, with innovative solutions and regulatory clarity expected to provide new opportunities for market participants.

What will be the Size of the Moto Taxi Service Market During the Forecast Period?

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The moto taxi market, a segment of the passenger transportation industry, is experiencing significant growth due to the increasing demand for efficient transportation options in crowded metropolitan areas. Consumers seek motorbike taxis, also known as moto taxis or motorcycle taxis, as alternative solutions to traditional taxi services. Motorbike riders offer the advantage of navigating through traffic more easily, thus reducing travel time and distance.
Moreover, the market dynamics are influenced by the growing need for cashless payments and the increasing popularity of mobile applications. The convenience and cost-effectiveness of motorbike taxis have made them increasingly popular in various regions. Motorbike taxis, including moto-cabs and motorcycle taxis, cater to passengers looking for a quick and agile transportation solution. Motorbike riders provide a unique and personalized experience, making them a preferred choice for many consumers.

How is this Moto Taxi Service Industry segmented and which is the largest segment?

The moto taxi service industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Service

  E-hailing
  Ride sharing


Application

  Passenger
  Load


Geography

  APAC

    Vietnam


  Europe

    UK
    France


  Middle East and Africa



  South America



  North America

    US

By Service Insights

The e-hailing segment is estimated to witness significant growth during the forecast period.

E-hailing services have revolutionized the transportation industry by enabling users to book moto taxis via mobile applications. This innovative solution connects passengers with local drivers, offering a convenient and efficient alternative to traditional taxi services. The e-hailing segment for moto taxis is particularly popular in Asia Pacific (APAC) due to the region's high population density and challenging road conditions. In countries like China, India, Indonesia, Thailand, and Malaysia, heavy traffic congestion increases the demand for quick and flexible transportation options. Moto taxis provide a cost-effective solution for consumers, especially those who cannot afford private vehicles. E-hailing services offer additional benefits such as real-time tracking, cashless payments, and passenger protection.

Furthermore, government initiatives, favorable regulations, and increasing investment in this sector are further fueling the growth of the moto taxi market. The market's success can be attributed to its ability to address the challenges of urban mobility, including traffic congestion, parking-related problems, and rising fuel prices. E-hailing services also contribute to sustainability by reducing the number of private vehicles on the road. Despite the numerous benefits, challenges such as safety concerns, regulatory issues, and competition from other transportation modes persist. Market research reports provide valuable insights into the key developments, strengths, weaknesses, and future opportunities In the moto taxi market.

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The e-hailing segment was valued at USD 16.91 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 58% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The Asia Pacific region is ex

In 2019, Grab was the leading ride-sharing platform in Vietnam with 73 percent of the market share. Founded in Singapore in 2012, Grab offers transportation, food delivery, and digital payment services via its mobile app.

Ride-hailing market in Vietnam

Alongside its economic development and the growing internet economy, Vietnam has one of the highest ride-hailing market values within the Southeast Asia region. While Grab has consistently held a prominent part of the market share, other brands have been expanding their portfolios to compete with the market leader. For instance, the Indonesian platform Gojek has expanded its ride-hailing service to include a car-sharing option in addition to bike hailing in early 2021. In the meantime, Vietnamese brand be Group recently partnered up with local taxi brands across the country to launch its beTaxi service.

Impact of the COVID-19 pandemic on the ride-hailing market The COVID-19 pandemic has negatively impacted the global mobility market, including in Vietnam. The spending intention on transportation among Vietnamese consumers decreased drastically during the major outbreak in July 2020 compared to pre-pandemic levels. During lockdowns imposed by the government, the demand for mobility reduced significantly, and ride-hailing services were not spared. For instance, the number of Grab rides went down by over 80 percent in the first half of 2020. On the other hand, the revenue of the ride-hailing segment was forecasted to recover together with Vietnam’s economic recovery.

The Asia-Pacific rickshaw ride-hailing service market is experiencing robust growth, driven by increasing urbanization, rising disposable incomes, and the burgeoning adoption of smartphone technology. The market's convenience, affordability compared to traditional taxis, and eco-friendliness in the case of electric rickshaws are key factors fueling its expansion. A Compound Annual Growth Rate (CAGR) of 21.50% from 2019 to 2024 indicates a significant upward trajectory. While precise market size figures for 2025 are unavailable, projecting from the historical data and considering the sustained growth rate, a reasonable estimate places the market value at approximately $2.5 billion for 2025. This figure is supported by the growing number of players—including both established ride-hailing giants like Grab and Gojek, and regional startups like Mauto Electric Mobility—actively competing for market share. The market is segmented based on application (freight and passenger commuting), booking type (online and offline), payment methods (cashless and e-wallets), and propulsion type (electric and internal combustion engine). The preference for cashless transactions and the increasing availability of electric rickshaws contribute to the market's dynamism. Significant growth potential exists in less penetrated markets within the region, particularly in countries with high population density and limited public transportation options. However, challenges remain, including regulatory hurdles related to licensing and safety standards, and the need for improved infrastructure to support the expansion of electric vehicle charging networks. The dominance of major players like Grab and Gojek highlights the competitive landscape. However, the market also offers significant opportunities for smaller, localized firms specializing in specific niches, such as freight transportation or electric rickshaw services. Further growth will be determined by the success of these companies in adapting to evolving consumer demands, leveraging technological advancements, and navigating regulatory landscapes. The increasing adoption of innovative technologies such as GPS tracking, real-time fare calculation, and integrated payment systems is expected to enhance the user experience and drive market growth. The future success of the market hinges on a synergistic relationship between technological innovation, supportive government policies, and the continued expansion of e-commerce and logistics activities within the region. This market segment displays a strong growth forecast extending into 2033. This comprehensive report provides an in-depth analysis of the rapidly evolving Asia-Pacific rickshaw ride hailing service market. Covering the historical period (2019-2024), base year (2025), and forecast period (2025-2033), this study offers invaluable insights for stakeholders seeking to understand this dynamic sector. The market is segmented by application (freight and logistics, passenger commuting), booking type (online, offline), payment method (cashless, e-money/e-wallet), and propulsion type (electric, internal combustion engine). Key players like Uber, Ola Cabs, Gojek, and numerous regional players are analyzed, revealing market concentration, competitive dynamics, and future growth trajectories. This report uses data valued in the millions. Recent developments include: In 2021, Uber India announced increasing its electric vehicle fleet to 3,000 e-vehicles due to trending e-mobility and green technology trends in the country. The company also has plans to establish charging infrastructures and partnered with OEM to smoothen its operations.. Key drivers for this market are: Increasing Inclusion of E-bikes in the Sharing Fleet. Potential restraints include: Limited Infrastructure May Hinder Market Growth. Notable trends are: Rising Tourism, Leisure Traveling and Logistics Sector.

The revenue in the 'Ride-hailing' segment of the shared mobility market in the Philippines was forecast to continuously increase between 2025 and 2029 by in total 258.2 million U.S. dollars (+32.1 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 1.1 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 further information regarding revenue in Vietnam and user penetration in Vietnam. The Statista Market Insights cover a broad range of additional markets.