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The global moto taxi service market stood at a value of around USD 15.79 billion in 2023. The market is further expected to grow at a CAGR of 7.94% in the forecast period of 2024-2032 to attain a value of approximately USD 31.40 billion by 2032.
Based on type, the ride sharing segment is predicted to hold a significant market share in the moto taxi service industry. The growing demand for ride sharing services can be attributed to the rising global population and their subsequent demand for transportation.
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In addition, ride sharing services are cost-effective and help reduce the dependency on personal vehicles, thus, helping reduce traffic congestion. Meanwhile, on the basis of application, the growing demand for passenger transportation is anticipated to propel the market growth in the forecast period. These factors are expected to contribute to the overall market growth in the forecast period.
The Asia Pacific is estimated to hold a substantial share of the moto taxi service industry in the forecast period. The regional market growth can be attributed to the increased demand for passenger transportation services, owing to the densely populated areas in the region. In addition, the growing urbanisation and the rapidly increasing population are also anticipated to aid the market growth in the coming years. Moreover, a lack of fully connected public transportation systems is also expected to add to the market growth in the coming years.
Moto taxi service refers to the motorcycle or bike taxi service, wherein a person sits as a pillion passenger with the bike rider. Under these services, the consumers can avail ride hailing and ride sharing services for the transportation of passengers or a package. In addition, moto taxi services can be availed for both short and long distance services and are increasingly utilised in heavily populated areas, such as near retail shops and subways.
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By type, the market is divided into:
Based on application, the market can be categorised into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The rising concerns pertaining to traffic congestion are projected to spearhead the demand for moto taxi services in the forecast period. The growing number of private vehicles in major cities across the world is leading to an increase in traffic congestion. In this regard, moto taxi services help passengers save time by effectively avoiding areas prone to high traffic jams. In addition, moto taxi services offer affordable and comfortable services, which can be availed by consumers from diverse financial backgrounds. Moreover, moto taxis provide last mile services, unlike most public transportation systems. Furthermore, the rising fuel prices and significant expenses associated with vehicle ownership are expected to drive the demand for moto taxi services in the coming years.
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The report gives a detailed analysis of the following key players in the global moto taxi service market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global moto taxi service market attained a value of nearly USD 15.79 billion.
The market is projected to grow at a CAGR of 7.94% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 31.40 billion by 2032.
The major drivers of the industry, such as the increased demand for passenger transportation, rising fuel prices, rapidly growing global population, rapid urbanisation, and increased availability of moto taxi services via apps and websites, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing issues of traffic congestion worldwide.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant types of moto taxi services include e-hailing and ride sharing.
The major applications considered within the market report include passenger and load.
The major players in the industry are ANI Technologies Pvt. Ltd., GOJEK, Baxter, Grab, Bolt Technology OU, Uber Technologies Inc., MotoTaxi Services, and others.
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Australia
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+61 448 06 17 27
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+91-858-608-1494
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United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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