The global taxi and limousine services market was valued at $94 billion in 2017, and is expected to be driven by strategic partnerships of private transit service providers with government. Along with this, technological development in developing countries has helped these service provider to deliver services efficiently. Western Europe was the largest geographic region, accounting for over 33% of the global market share.
The taxi and limousine service market in The Business Research Company’s report was split into two segments: mobile application based taxi services; and other taxi services.
The USA was the largest country in taxi and limousine service market in 2017, accounting for one-fifth of the global market share.
The top five competitors of the market are Uber, Lyft, Yellow Cab, Limo City, and Eti Taxi Service. Uber was the biggest player in taxi and limousine service market in 2017. It develops, operates, and markets a ridesharing mobile application which allows consumers to request a trip, which is routed through location services to crowd-sourced taxi drivers. It serves customers in North, Central, and South Americas, as well as Europe, the Middle East, Africa, and the Asia Pacific. It is based in San Francisco, California.
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