Press Release
Press Release
According to a new report by EMR titled, ‘Global Moto Taxi Service Market Report and Forecast 2022-2027’, the market attained a value of nearly USD 13.55 billion in 2021. It is expected to witness a healthy growth in the forecast period, growing at a CAGR of 7.94% between 2022 and 2027 to reach around USD 21.43 billion by 2027.
The global moto taxi service industry is being driven by the rising concerns of traffic congestion, caused by the rising number of private vehicles on the road. This is a pressing concern in densely populated areas, especially in countries like India. Additionally, the rising demand for quick and affordable transportation and package delivery services is also anticipated to propel the market growth in the forecast period. This can be associated with the easy navigability of bikes in crowded areas. Moreover, the increased availability of e-hailing services through smartphone apps is also predicted to add to industry growth in the forecast period.
The heightened capital expenditure by the leading market players to expand their consumer base across densely populated countries is predicted to aid the market growth. For instance, in December 2019, Uber Technologies Inc. (NYSE: UBER) announced the finalisation of the four-fold expansion of its operations in India from 52 cities to 200, wherein the key driver will be bike-taxi services. Such services are already in place within the country in states like Maharashtra and Karnataka. In addition, the company will also include three-wheelers as a part of this initiative. These developments are expected to positively impact the growth of the moto taxi service industry in the forecast period.
Market Breakup by Type, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global moto taxi service market are ANI Technologies Pvt. Ltd., GOJEK, Baxter, Grab, Bolt Technology OU, Uber Technologies Inc., MotoTaxi Services, and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
About Us:
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Contact Us:
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.