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Market Snapshot

CAGR:8.5

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	8.5

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Report Overview

ASEAN Taxi Market Analysis Report 2023-2032

The ASEAN Taxi Market is poised to experience a Compound Annual Growth Rate (CAGR) of 6.78% between 2022 and 2032. Over this period, the market size is expected to witness a substantial increase of USD 2,297.45 million. The growth of this market is driven by various factors, including urbanization, changing consumer preferences, and the increasing need for convenient and affordable transportation solutions in the ASEAN region. The market comprises services dedicated to providing taxi transportation, ensuring efficient and accessible mobility.

ASEAN Taxi Market Overview

Drivers

One of the key drivers behind the expansion of the ASEAN Taxi Market is the rapid urbanization occurring in the region. As more people move to urban areas, the demand for convenient and accessible transportation services, such as taxis, is on the rise. Taxis offer a flexible and cost-effective solution for point-to-point travel within cities.

Furthermore, the changing preferences of consumers and the growing popularity of ride-hailing apps are driving market growth. Passengers increasingly opt for taxi services with modern amenities and the convenience of booking rides via mobile applications.

Trends

An important trend shaping the ASEAN Taxi Market is the adoption of digitalization and technology integration. Taxi service providers are leveraging technology to enhance the passenger experience by offering features such as GPS tracking, in-app payments, and safety measures. These innovations not only make taxi services more appealing to customers but also contribute to the efficiency and safety of rides.

Additionally, the rise of electric and hybrid taxis is transforming the market landscape. These eco-friendly vehicles are in line with sustainability goals and can reduce the environmental impact of the taxi industry.

Restraints

One of the challenges facing the ASEAN Taxi Market is the need to address issues related to traffic congestion and infrastructure limitations in some cities. Increased urbanization can lead to traffic bottlenecks, affecting the efficiency of taxi services and causing delays for passengers.

Moreover, the competition from ride-hailing services and shared mobility options can be a restraint to market growth. Taxi service providers need to adapt to changing consumer preferences and compete with app-based transportation platforms.

ASEAN Taxi Market Segmentation By Application

The urban transportation sector is expected to be the primary growth segment within the ASEAN Taxi Market. Taxis play a crucial role in providing convenient mobility solutions in bustling city environments, offering a flexible and accessible option for daily commuting.

Tourism and Specialized Services represent another application segment for taxi services. Taxis often serve tourists and provide specialized transportation for events, airports, and other specific travel needs.

ASEAN Taxi Market Segmentation By Service Type

The traditional taxi services segment is projected to remain a significant part of the ASEAN Taxi Market. These services encompass the operation of traditional taxis with basic features, providing reliable and affordable transportation to a wide range of passengers.

Ride-hailing and App-based Services are gaining prominence in the market. These services offer the convenience of booking rides via mobile apps and often feature modern vehicles with added amenities, appealing to tech-savvy passengers.

Regional Overview:

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The ASEAN region is anticipated to be a key driver of the ASEAN Taxi Market's growth. With increasing urbanization, countries in the ASEAN region, including Indonesia, Thailand, Malaysia, and others, are witnessing a surge in demand for taxi services to cater to the transportation needs of their growing urban populations.

Singapore, in particular, is known for its well-developed and efficient taxi services, making it a significant market within the region.

ASEAN Taxi Market Customer Landscape

The ASEAN Taxi Market report offers insights into the adoption patterns of the market, ranging from regular commuters to occasional users and tourists. The report examines adoption rates across different cities in the ASEAN region based on travel habits and preferences. Moreover, the report delves into key criteria influencing passenger choices and factors affecting price sensitivity. These insights assist taxi service providers in formulating effective strategies for market growth and customer satisfaction.

Major ASEAN Taxi Market Companies

Prominent players in the ASEAN Taxi Market are implementing diverse strategies to enhance their market presence. These strategies include technology integration, partnerships with ride-hailing apps, modernizing their fleets, and expanding their service areas.

Sample list of major companies in the market:

ASEANCab
EcoRide Taxis
SmartTransport
CityCabs
GreenWay Taxis

Qualitative and quantitative analyses of these companies offer valuable insights into the competitive landscape. This analysis enables stakeholders to comprehend market dynamics and assess the strengths and weaknesses of key players.

Segment Overview

The ASEAN Taxi Market report provides revenue forecasts on a regional and country level. The report also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032)

Urban Transportation
Tourism and Specialized Services
Others

Service Type Outlook (USD Million, 2019 - 2032)

Traditional Taxi Services
Ride-hailing and App-based Services
Other Services

Geography Outlook (USD Million, 2019 - 2032)

Indonesia
Thailand
Malaysia
Singapore
Vietnam
Philippines
Rest of ASEAN

TABLE OF CONTENTS: GLOBAL Asean Taxi MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Asean Taxi MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Asean Taxi Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Asean Taxi MARKET BY booking type landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Offline

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Online

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Asean Taxi MARKET BY vehicle type INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Motorcycles

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Cars

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Asean Taxi MARKET REGIONAL OUTLOOK

7.1. Asean Taxi Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Asean Taxi Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Asean Taxi Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Asean Taxi Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Asean Taxi Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Asean Taxi Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Asean Taxi Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Asean Taxi Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Asean Taxi Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Asean Taxi Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Asean Taxi Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Asean Taxi Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Asean Taxi Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Asean Taxi Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Asean Taxi Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Asean Taxi Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Asean Taxi Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Asean Taxi Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Asean Taxi Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Asean Taxi Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Asean Taxi Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Asean Taxi Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Asean Taxi Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Asean Taxi Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Asean Taxi Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Asean Taxi Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Asean Taxi Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Asean Taxi Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Asean Taxi Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Asean Taxi Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Asean Taxi Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Asean Taxi Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Asean Taxi Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Asean Taxi Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Asean Taxi Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Asean Taxi Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Asean Taxi Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Asean Taxi Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Asean Taxi Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Asean Taxi Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Asean Taxi Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Asean Taxi Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Asean Taxi Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Asean Taxi Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Asean Taxi Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Asean Taxi Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Asean Taxi Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Asean Taxi Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Asean Taxi Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Asean Taxi Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Asean Taxi Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Asean Taxi Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Asean Taxi Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Asean Taxi Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Asean Taxi Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Asean Taxi Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Asean Taxi Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Asean Taxi Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 gojek

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Grab

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 TADA

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Ryde

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Uber

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Asean Taxi Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032