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(USGovernment-News.Com, June 06, 2018 ) This report gives an in-depth research about the overall state of Cab Services market and projects an overview of its growth market. It also gives the crucial elements of the market and across major global regions in detail. Number on primary and secondary research has been carried out in order to collect required data for completing this particular report. Sever industry based analytical techniques has been narrowed down for a better understanding of this market.
It explains the key market drivers, trends, restraints and opportunities to give a precise data which is required and expected. It also analyzes how such aspects affect the market existence globally helping make a wider and better choice of market establishment. The Cab Services markets growth and developments are studied and a detailed overview is been given.
The global cab services market to grow at a CAGR of 10.26% during the period 2017-2022 .
The report covers the present scenario and the growth prospects of the global cab services market for 2017-2022 . To calculate the market size, the report considers the revenue generated by different cab operators from passenger customers that hire various cab services for different routes. These cab services include e-hailing, car rental, radio cabs, and offline unorganized cabs. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is Technological developments in taxi market. In April 2017, the world's first self-driving taxi service was launched by Singapore-based nuTonomy, which is an autonomous vehicle software startup. The company started this service with a small fleet of 6 cars during 2017. During the trial period, nuTonomy modified Renault Zoe and Mitsubishi i-MiEV electrics. In this self-driven taxi, each car is fitted with six sets of Lidar, which is a detection system that uses lasers to operate like radar, including one that constantly spins on the roof. In addition, there are two cameras on the dashboard that are used to scan for obstacles and detect changes in traffic lights.
According to the report, one of the major drivers for this market is Growing use of cashless transaction in e-hailing and integration with digital wallets. The cash-based payment system for cab riders has been replaced by in-app payment system, which uses digital wallets. A surge in the smartphone application user base has significantly changed the payment system of cab aggregators. Money is preloaded in digital wallets by cab riders, and the service charge is automatically deducted at the destination point without using a two-way authentication process.
This report focuses on the top players in global market, like 13CABS Yellow Cab Yellow Checker Cab Dallas Yellow Cab DC Discount Cab Megacabs Eastern Car Service Badger Cab Cowboycab ...
Market segment by Regions/Countries, this report covers United States EU Japan China India Southeast Asia
Market segment by Application, Cab Service can be split into Single passenger Small group of passengers Other
Further, the report states that one of the major factors hindering the growth of this market is Threat from regional cab service providers. The ride-hailing business depends on the scale for which substantial investment is required. Building a right-sized population of owner-drivers, according to customer demand in the region and the confidence of sufficient work, which will earn their required wages, is a costly process for e-hailing companies. In 2017, Uber pulled out of China due to the increased competition from local cab service provider Didi Chuxing. Didi Chuxing acquired the Chinese operations of Uber during 2017, and after the acquisition, Didi Chuxing combined with Uber's Chinese unit was valued at more than $55 billion.
Global Cab Service Market Size, Status and Forecast 2022 1 Industry Overview of Cab Service 1.1 Cab Service Market Overview 1.1.1 Cab Service Product Scope 1.1.2 Market Status and Outlook 1.2 Global Cab Service Market Size and Analysis by Regions 1.2.1 United States 1.2.2 EU 1.2.3 Japan 1.2.4 China 1.2.5 India 1.2.6 Southeast Asia 1.3 Cab Service Market by End Users/Application 1.3.1 Single passenger 1.3.2 Small group of passengers 1.3.3 Other
2 Global Cab Service Competition Analysis by Players 2.1 Cab Service Market Size (Value) by Players (2016 and 2017) 2.2 Competitive Status and Trend 2.2.1 Market Concentration Rate 2.2.2 Product/Service Differences 2.2.3 New Entrants 2.2.4 The Technology Trends in Future
3 Company (Top Players) Profiles 3.1 13CABS 3.1.1 Company Profile 3.1.2 Main Business/Business Overview 3.1.3 Products, Services and Solutions 3.1.4 Cab Service Revenue (Value) (2012-2017) 3.1.5 Recent Developments
4 Global Cab Service Market Size by Application (2012-2017) 4.1 Global Cab Service Market Size by Application (2012-2017) 4.2 Potential Application of Cab Service in Future 4.3 Top Consumer/End Users of Cab Service
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