Australia Taxi Market Report and Forecast 2024-2032

Australia Taxi Market Size

The Australia taxi market reached USD 5.81 billion in 2023. The market is expected to grow at a CAGR of 5.77% between 2024 and 2032, reaching USD 9.59 billion by 2032.

Key Takeaways

• The Australian Bureau of Statistics reported that in January 2024, there were 603,770 short-term visitor arrivals, marking a yearly rise of 191,360 trips.

• As per the Australian Bureau of Statistics, the total arrivals in January 2023 amounted to 2,122,070, reflecting an annual upsurge of 514,060, thereby bolstering the Australia taxi market.

• As indicated by data from the Australian Bureau of Statistics, the typical household in 2022 possesses an average of 1.8 motor vehicles.

Ride-sharing contributes to the Australia taxi market growth, particularly due to its cost-saving benefits. This is evident in how passengers can divide the fare among fellow travellers on the same route, resulting in substantial reductions in individual expenses

Ride-sharing presents opportunities for savings by dividing fares, removing the need for car ownership expenses, easing traffic congestion for smoother journeys, offering environmental advantages, enabling convenient booking with multiple stops, fostering social interaction, and providing varied payment choices.

Ride-hailing delivers convenient app-driven booking from any location, emphasizes safety through driver information and trip sharing, ensures transparent pricing, guarantees prompt response times, offers adaptable driver selections, includes feedback mechanisms, and provides specialised services.

As per the Australian Trade and Investment Commission, Wisk plans to introduce its self-flying, electric air taxis to Australia for the 2032 Olympic and Paralympic Games in Brisbane, marking a significant leap in flight technology. The company's sixth-generation eVTOL air taxi, launched in September 2022, represents a pioneering advancement in autonomous, all-electric vertical take-off and landing aircraft.

Market Segmentation

Australia Taxi Industry Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Service Type

• Ride Sharing

• Ride Hailing

• Others

Market Breakup by Vehicle Type

• Motorcycle

• Cars

• Others

Market Breakup by Booking Type

• Offline Booking

• Online Booking

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia taxi market key players are Uber Technologies Inc., Gm Cabs, A2B Australia Limited, Ingogo Limited, Taxi Apps Pty Ltd., Rydo Technologies Pty Ltd., Didi Mobility (Australia) Pty Ltd., Silver Top Taxi Pty Ltd., Black and White Cabs Pty Ltd., and Ladies Let’s Roll Pty Ltd. among others.

Key Highlights of the Report