The global taxi market was valued at USD 280.86 Billion in 2025. The industry is expected to grow at a CAGR of 11.10% during the forecast period of 2026-2035 to reach a value of USD 804.69 Billion by 2035. The adoption of air taxis and eVTOL (electric vertical takeoff and landing) technology is transforming the market, reshaping the way urban mobility is conceived.
Increasing congestion, rising commuter demand for faster transit, and the need for sustainable solutions are pushing operators to explore aerial alternatives to traditional road transport. Air taxis promise reduced travel times, enhanced connectivity, and more efficient passenger movement, particularly in densely populated cities. Strategic collaborations, autonomous technology, and regulatory support are accelerating adoption, allowing integration of aerial services with existing ride-hailing platforms, thereby supporting taxi market growth.
The development and planned deployment of Uber’s air taxi service set to launch in 2026 exemplifies this trend. By leveraging eVTOL aircraft, Uber aims to offer rapid, on-demand aerial transport, addressing urban congestion while expanding its footprint into a new segment. Key growth factors include partnerships with Joby Aviation and Blade Air Mobility, technological innovation in eVTOL aircraft, and seamless integration with Uber’s ride-hailing app, demonstrating the practical implementation of aerial mobility solutions.
Globally, similar initiatives reinforce the trend. In Japan, ANA and Joby Aviation target a 2027 launch in Tokyo, with public demonstrations at Expo 2025. In China, pilotless passenger drone services by companies like EHang have received commercial approval. In India, startup ePlane is partnering with Dubai-based Empire Aviation to introduce air taxis and air ambulances across India, the UAE, Thailand, and Indonesia, aiming for a 2026 launch.
These examples highlight how technological innovation, strategic alliances, and regulatory support are positioning air taxis as a key growth driver in the taxi market.
Base Year
Historical Period
Forecast Period
In England in 2021, over three-quarters (77%) of licensed vehicles were Private Hire Vehicles (PHVs), with a total of 251,100 licensed vehicles, showing a 15.9% increase since 2020.
Over 300 million people globally use taxi apps, with DiDi and Uber accounting for about 150 million users. DiDi led in revenue in 2022, earning approximately USD 19.7 billion, followed by Uber with USD 14 billion.
As per industry reports, Uber drivers completed 9.44 billion trips in 2023, reflecting a significant increase compared to the previous year.
Compound Annual Growth Rate
11.1%
Value in USD Billion
2026-2035
*this image is indicative*
| Global Taxi Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 280.86 |
| Market Size 2035 | USD Billion | 804.69 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 11.10% |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 12.5% |
| CAGR 2026-2035 - Market by Country | India | 13.2% |
| CAGR 2026-2035 - Market by Country | Canada | 12.2% |
| CAGR 2026-2035 - Market by Vehicle Type | Motorcycle | 12.4% |
| CAGR 2026-2035 - Market by Booking Type | Online Booking | 14.3% |
| Market Share by Country 2025 | Germany | 5.8% |
Rapid urbanization is accelerating the demand for efficient transportation solutions, significantly impacting the global taxi market. In India, the Small Industries Development Bank of India (SIDBI) has partnered with Uber to facilitate loans worth INR 1,000 crore for acquiring clean vehicles and building charging infrastructure. This initiative aims to support the growing urban population's need for sustainable mobility options. Additionally, the Ministry of Road Transport and Highways (MoRTH) has collaborated with Uber and Zomato to promote road safety awareness across India, further emphasizing the importance of organized urban transportation.
The proliferation of smartphones and internet connectivity has transformed the market, particularly through app-based ride-hailing platforms. In 2023, Uber launched its 'Uber Green' service in India, introducing 25,000 electric vehicles (EVs) in partnership with fleet providers like Everest and Moove. This move aims to provide passengers with zero-emission ride options, aligning with global sustainability goals. Furthermore, Uber has invested in Everest Fleet, a Mumbai-based fleet management company, to accelerate the transition to electric vehicles, with a goal of having 10,000 EVs in its fleet by 2026.
Environmental concerns and regulatory pressures are driving the adoption of electric and hybrid vehicles in the taxi market. In September 2024, Chinese ride-hailing company DiDi announced plans to introduce Mexico's largest fleet of electric cars, investing USD 50.3 million to deploy 100,000 EVs by 2030. This initiative aims to reduce carbon emissions and operational costs, while meeting the growing demand for sustainable transportation options.
Advancements in autonomous vehicle technology are transforming the industry. In September 2025, Amazon’s Zoox launched its robotaxi service in Las Vegas, offering free rides to the public using purpose-built, driverless vehicles capable of carrying four passengers. Operating initially in select areas such as the Las Vegas Strip, the service highlights the potential of autonomous taxis to enhance safety, efficiency, and convenience. This launch, supported by regulatory approvals from NHTSA, demonstrates growing momentum for driverless ride-hailing and sets a precedent for future urban mobility.
In crowded urban centers, two-wheeler taxis and micro-mobility services are reshaping the global taxi market. For instance, in August 2025, Rapido introduced 'Bike Direct' in Karnataka, a non-profit bike taxi service designed to navigate regulatory hurdles while keeping cities moving. Offering quick, cost-effective rides through congested streets, the initiative provides commuters an agile alternative to traditional taxis. By combining affordability, efficiency, and sustainability, Rapido’s approach highlights how micro-mobility solutions are not just filling gaps in urban transport, they are driving the future of city commuting.
The EMR’s report titled “Global Taxi Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Service Type
Key Insight: Ride hailing dominates the market, driven by the convenience of app-based bookings, real-time tracking, and digital payment integration. Platforms like Uber, Lyft, and DiDi have accelerated adoption, making ride-hailing the largest segment globally. Meanwhile, Ride Sharing is the fastest-growing segment, gaining popularity as a cost-effective and eco-friendly alternative, particularly in urban areas with high traffic congestion. Companies are innovating with pooled rides, dynamic pricing, and multi-passenger route optimization to attract environmentally conscious commuters, further boosting growth and reshaping the urban mobility landscape.
Market Breakup by Booking Type
Key Insight: Online booking dominates the global taxi market, driven by convenience, digital payments, and real-time ride tracking. App-based platforms like Uber, Lyft, and DiDi have accelerated adoption, especially among tech-savvy urban commuters. It is the fastest-growing segment as smartphone penetration increases and operators enhance app experiences with loyalty programs and AI-based route optimization. Offline Booking, though smaller, still serves traditional users who prefer phone-based or street-hail services. Overall, the shift toward digital platforms is reshaping the booking landscape and driving substantial growth in the global taxi industry.
Market Breakup by Vehicle Type
Key Insight: Cars remain the largest segment in the taxi industry, favored for comfort, safety, and intercity travel. Motorcycles, however, are the fastest-growing segment, particularly in congested cities across Asia-Pacific and Latin America, offering cost-effective, agile rides. Companies such as Rapido and Gojek are expanding two-wheeler fleets to meet last-mile and micro-mobility demand. Meanwhile, electric and hybrid variants are increasingly being integrated across cars and motorcycles, boosting environmental sustainability and operational efficiency. This dual growth underscores evolving urban mobility patterns and changing consumer preferences.
Market Breakup by Region
Key Insight: Asia-Pacific is the largest and fastest-growing region in the global taxi market, fueled by urbanization, increasing disposable incomes, and rapid adoption of app-based ride-hailing services. Investments in electric taxis, micro-mobility solutions, and multi-modal integration further accelerate market expansion. North America and Europe remain mature markets with strong technology adoption and service quality, while Latin America and Middle East & Africa are emerging high-growth regions due to rising urban populations, government incentives, and expanding digital infrastructure, offering significant opportunities for taxi operators and new entrants.
By service type, ride hailing to account for the largest market share
Ride hailing continues to be the largest contributor to the taxi market growth, supported by rising urbanization and the need for quick, reliable, and technology-driven mobility solutions. Its dominance stems from the ease of app-based booking, live ride tracking, and digital payment integration, which cater to both daily commuters and occasional travelers. In April 2024, Japan introduced its first regulated private vehicle ride-hailing services during peak demand, with Uber Japan and Go launching operations in Tokyo. This regulatory milestone underscores how evolving policies continue to accelerate global ride-hailing adoption.
Meanwhile, ride sharing witnesses steady demand driven by affordability, reduced congestion, and the adoption of autonomous technologies. The model is increasingly supported by strategic collaborations across regions. In September 2025, Baidu revealed plans to deploy its Apollo Go robotaxis on Lyft’s rideshare app in Germany and Britain by 2026, pending regulatory approval. With further agreements in Asia and the Middle East, such initiatives highlight how ridesharing is rapidly evolving into a transformative force in global urban mobility.
By booking type, online to generate the highest revenue
Online booking has emerged as the most preferred taxi booking option in the global taxi market, reshaping traditional services with digital convenience and efficiency. Rising demand for real-time tracking, transparent pricing, and mobile payments has made app-based platforms the preferred choice. In August 2025, Shenzhen launched “SZ Sit in Taxi,” China’s first smart taxi platform, integrating 22,000 vehicles via a WeChat mini program. By blending online booking with street-hailing and AI-driven dispatch, the model shows how digital innovation can modernize taxis and boost trust in urban mobility.
While offline booking accounts for a smaller share of the global taxi market, remains a preferred choice of ticket booking method among customers less inclined or able to use digital platforms. In 2025, GrabCab in Singapore was awarded a street-hail operator licence, enabling the company to connect drivers and riders through traditional, physical pick-ups rather than app-based dispatch. This move underscores how regulated street-hail services can complement online platforms, preserving customer choice and serving demographics outside the digital-first user base.
By vehicle type, cars to represent the biggest market share
Cars lead the taxi market growth, driven by their comfort, safety features, and ability to serve both intra-city and intercity travel. They remain the preferred choice for family rides, airport transfers, and corporate travel, offering spaciousness and reliability that motorcycles or smaller vehicles cannot match. Increasing integration of electric and hybrid cars by leading operators is also strengthening this segment’s position, as governments push for sustainable fleets and companies respond with greener alternatives to meet evolving passenger expectations.
Motorcycle taxis are showcasing significant acceptance in the market, particularly in cities where congestion and affordability drive the need for agile transport. Two-wheeler taxis provide quick, low-cost mobility solutions, making them ideal for last-mile connectivity. For instance, in 2025, Mumbai city in India, prepared to allow bike taxis after receiving applications from approved aggregators, with authorities working on safety, licensing, and compliance mechanisms. This regulatory move highlights how governments are opening new avenues for motorcycle-based mobility, reinforcing its role as a critical growth driver in urban transport.
By region, Asia Pacific to lead the market growth
Asia Pacific dominates the global taxi market growth as countries transition toward sustainable and technology-driven mobility solutions. The region is actively prioritizing electric ride-hailing fleets to reduce congestion, improve air quality, and support long-term carbon neutrality targets. This momentum was recently reinforced when Xanh SM launched its electric taxi services in Indonesia, expanding beyond Vietnam and Laos. By deploying VinFast Limogreen vehicles and aligning with Indonesia’s Net Zero 2060 commitment, such initiatives underscore how eco-friendly fleets are setting new standards in the regional taxi ecosystem.
On the other hand, Europe is witnessing new momentum as autonomous mobility solutions gain ground across the region. While Europe has trailed markets like China and the United States in robotaxi adoption, growing trials indicate a shift toward advanced mobility infrastructure. A notable step forward came in July 2025, when Pony.ai began testing self-driving taxis in Luxembourg, in partnership with Emile Weber. The initiative not only highlights Europe’s openness to autonomous ride-hailing but also signals how electrification and automation are set to redefine the region’s future taxi ecosystem.
| CAGR 2026-2035 - Market by | Country |
| India | 13.2% |
| Canada | 12.2% |
| China | 12.0% |
| Mexico | 10.2% |
| Italy | 10.1% |
| USA | XX% |
| UK | XX% |
| Germany | XX% |
| France | XX% |
| Japan | XX% |
| Australia | 9.8% |
| Saudi Arabia | XX% |
| Brazil | XX% |
Major taxi companies are focusing on technological innovation and service diversification to strengthen their competitive positions. These players like Uber and Lyft are investing heavily in app enhancements, AI-based route optimization, and loyalty programs to improve customer experience and retention. Regional players, such as ANI Technologies and Bolt are expanding fleets, integrating electric and hybrid vehicles, and offering micro-mobility solutions to meet urban transport demands, ensuring both scalability and sustainability in rapidly growing markets.
Strategic partnerships and geographic expansion remain key growth levers for taxi operators. Curb Mobility and Dubai Taxi Company are collaborating with local governments to enhance digital infrastructure, implement safety measures, and support regulatory compliance. Companies are also experimenting with autonomous vehicle trials, electric vehicle deployment, and multi-modal integration to reduce operational costs and carbon footprints. These efforts highlight the industry’s focus on innovation, customer-centric services, and sustainable mobility solutions, driving growth and creating new revenue opportunities in the global taxi market.
Founded in 2009 and headquartered in San Francisco, the United States, Uber is a leading global ride-hailing platform. It provides app-based taxi services, food delivery, and micro-mobility solutions across multiple countries. The company focuses on convenience, technology-driven operations, and expanding urban mobility networks.
Established in 2010 in Bangalore, India, ANI Technologies operates the popular Ola cab platform. It offers taxi, auto-rickshaw, and electric vehicle services in urban and semi-urban areas. The company emphasizes affordability, safety, and sustainable transportation solutions.
Headquartered in Tallinn, Estonia, and founded in 2013, Bolt provides ride-hailing, micromobility, and food delivery services. Operating across Europe and Africa, it focuses on cost-effective urban transport solutions. The company aims to make city mobility more accessible and environmentally friendly.
Founded in 2010 in New York, the United States, Curb connects passengers with licensed taxi drivers via its mobile app. It emphasizes regulated, safe, and convenient urban travel. The platform also integrates traditional taxis with modern digital booking systems to enhance efficiency.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players in the global taxi market include Dubai Taxi Company, Flywheel Software, Inc., Free Now, Lyft, Inc., Nihon Kotsu Co., Ltd., Roppen Transportation Services Private Limited, and others.
Explore the latest trends shaping the Global Taxi Market 2026-2035 with our in-depth report. Gain strategic insights, future forecasts, and key market developments that can help you stay competitive. Download a free sample report or contact our team for customized consultation on global taxi market trends 2026.
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In 2025, the market reached an approximate value of USD 280.86 Billion.
The market is projected to grow at a CAGR of 11.10% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach USD 804.69 Billion by 2035.
Key strategies driving the market include expansion of app-based ride-hailing, adoption of electric and autonomous vehicles, strategic partnerships, micro-mobility integration, and AI-driven route optimization.
Key trends aiding the market expansion include the technological advancements, such as ride-hailing apps and digital payment systems, adoption of electric and hybrid taxis, and expansion of taxi services into package delivery.
Regions considered in the market are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Based on service type, the market segmentations include ride hailing, ride sharing.
Cars, motorcycle, and others are considered in the report.
The key players in the market include Uber Technologies Inc., ANI Technologies Private Limited, Bolt Technology OÜ, Curb Mobility, LLC, Dubai Taxi Company, Flywheel Software, Inc., Free Now, Lyft, Inc., Nihon Kotsu Co., Ltd., Roppen Transportation Services Private Limited, and others.
Asia Pacific accounts for the biggest revenue share due to rapid urbanization, high smartphone penetration, growing disposable incomes, and strong adoption of sustainable transport solutions.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service Type |
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| Breakup by Booking Type |
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| Breakup by Vehicle Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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