United States Taxi and Ride-hailing Services Market was valued at USD 35 Billion in 2022 and is projected to reach USD 75 Billion by 2030, growing at a CAGR of 11.0% from 2024 to 2030.
The US taxi and ride-hailing services market has seen tremendous growth over the past decade, with the rise of companies like Uber, Lyft, and others revolutionizing the transportation sector. The increasing demand for convenience and the widespread use of smartphones have driven the expansion of this market, meeting the ever-evolving needs of both individual consumers and industries alike. This article delves into the types of services available within the market and the specific requirements industries have for these services.
In the US, the taxi and ride-hailing services market can be broadly categorized into traditional taxis, which are regulated by local governments, and modern ride-hailing services, which connect passengers to drivers via mobile applications. While taxis have been a staple of urban transportation for decades, the advent of ride-hailing services has disrupted the industry, offering greater flexibility, affordability, and convenience for passengers.
Industries across various sectors are increasingly relying on ride-hailing services to fulfill their transportation needs. Businesses in industries such as hospitality, healthcare, retail, and travel often require reliable, timely transportation solutions for their employees and clients. For instance, in the hospitality industry, hotels may partner with ride-hailing services to offer guests seamless airport transfers. Similarly, healthcare facilities may use these services to transport patients or staff when traditional vehicles are unavailable.
Moreover, with the growing focus on sustainability, many businesses are opting for electric vehicles (EVs) within the ride-hailing market. This shift addresses the increasing demand for eco-friendly transportation solutions that align with corporate sustainability goals. As such, industries are seeking ride-hailing services that provide EV options and emphasize reducing carbon footprints.
Furthermore, the rise of corporate accounts and ride-hailing for business trips has introduced a new segment in the market. Companies are looking for services that offer robust reporting, invoicing, and tracking features to ensure expense management and streamline operations. These businesses are also looking for services that provide safe and well-vetted drivers to ensure the safety of their employees.
As the taxi and ride-hailing services market continues to evolve, industries are focusing more on seamless integration, environmental sustainability, and safety measures. The growing need for efficient, cost-effective, and reliable transportation is shaping the future of this market, driving innovations that benefit both businesses and consumers alike.
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Uber Technologies Inc.
Lyft Inc.
Didi Chuxing Technology Co.
Ola Cabs
Bolt Technology OÜ
Grab Holdings Inc.
Gett
Yandex N.V.
Cabify España S.L.U.
Meituan Inc.
Hailo
Easy Taxi
LeCab
Bitaksi
GoCatch
Ingogo
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Taxi and Ride-hailing Services Market
Traditional Taxi Services
Ride-hailing
Luxury Car Services
Shared Ride Services
Non-emergency Medical Transportation (NEMT)
Sedan
SUV
Minivan
Luxury Vehicles
Electric Vehicles
Individual Customers
Corporate Clients
Tourists
Individuals with Special Needs
Event Planners
Fare-based Payment
Subscription Model
Pre-paid Services
Dynamic Pricing
Corporate Billing Solutions
Mobile Applications
Web-based Platforms
Call Centers
In-person Bookings
Integration with Third-party Apps
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Taxi and Ride-hailing Services Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Taxi and Ride-hailing Services Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Taxi and Ride-hailing Services Market, By Type
6. US Taxi and Ride-hailing Services Market, By Application
7. US Taxi and Ride-hailing Services Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Taxi and Ride-hailing Services Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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