Dallas, TX -- (SBWire) -- 01/30/2019 --A cab or taxi service is a type of vehicle for hire with a driver, used by a single or small group of passengers on either sharing or non-sharing basis. The passenger hires a taxi for a defined route, which is pre-decided by the customer passenger. The taxi cab conveys passengers between locations of their choice. The cab service differs from other modes of public transport, where the pick-up and drop-off service locations are determined by the service provider and not by the passenger.
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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 The cash-based payment system for cab riders has been replaced by in-app payment system, which uses digital wallets.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. The latest trend gaining momentum in the market is Technological developments in taxi market. In April 2016, 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 2016.
In Americas, US is the major revenue contributor to the market influenced by factors such as business, tourism, and leisure travel. Uber accounts for major market share of the US that provides on-demand for-hire car services through a smartphone app. Additionally, the growing adoption of online cab service companies further supports the growth of the cab booking service market in the region.
In 2018, the global Cab Services market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Cab Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cab Services development in United States, Europe and China.
The key players covered in this study
BMW Group
Didi Chuxing
Daimler
Lyft
Uber
BiTaksi
Cabify
Grab
Gett
GoCatch
Ingogo
LeCab
Market segment by Type, the product can be split into
E-Hailing
Car Rentals
Radio Cabs
Market segment by Application, split into
Business
Entertainment
Advertising
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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Topic 2. Global Bike-Sharing Service Market Size, Status and Forecast 2019-2025
In 2018, the global Bike-Sharing Service market size was 1570 million US$ and it is expected to reach 8240 million US$ by the end of 2025, with a CAGR of 26.8% during 2019-2025.
A bicycle-sharing system, public bicycle system, or bike-share scheme, is a service in which bicycles are made available for shared use to individuals on a short term basis for a price or free. Many bike share systems allow people to borrow a bike from a "dock" and return it at another dock belonging to the same system. Docks are special bike racks that lock the bike, and only release it by computer control. The user enters payment information, and the computer unlocks a bike. The user returns the bike by placing it in the dock, which locks it in place. Other systems are dockless. For many systems, smartphone mapping apps show nearby available bikes and open docks.
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Bike-Sharing Service have wide range of applications by age, such as Age 18-24, Age 25-34, Age 35-44, Other. And Age 25-34 was the most widely used area which took up about 38% of the global total in 2018.
JUMP Bikes, Citi Bike, LimeBike, Capital Bikeshare, Divvy Bikes, Blue Bikes (Hubway), Ford GoBike, Mobike, Hellobike, Nextbike are the key suppliers in the global Bike-Sharing Service market.
This report focuses on the global Bike-Sharing Service status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Bike-Sharing Service development in United States, Europe and China.
The key players covered in this study
JUMP Bikes
Citi Bike
LimeBike
Capital Bikeshare
Divvy Bikes
Blue Bikes (Hubway)
Ford GoBike
Mobike
Hellobike
Nextbike
Call a bike
Santander Cycles
Vélib
Bicing
SG Bike
Ola Pedal
Zoomcar PEDL
Mobycy
Yulu Bikes
Letscycle
Docomo Bikeshare
Market segment by Type, the product can be split into
Dockless
Station-based
Market segment by Application, split into
Age 18-24
Age 25-34
Age 35-44
Other
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Global Cab Services Market 2019, by Top Provider, Sharing Service, Trends, Demand Analysis, Emerging Trends, and Business Opportunities Till 2025
This report on cab services market 2019, provides in depth analysis of cab services and bike-sharing service industry, by top provider, sharing service, trends, demand analysis, emerging trends, and business opportunities till 2025