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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Taxi Market Share
Based on Vehicle Type
Motorcycles are expected to constitute a significant share of the Vietnam taxi market. This is because they have good speed and charge lower fares, thereby becoming an increasingly cost and time-effective option for regular commuters. They can be steered more easily as compared to cars on congested roads and can bypass other vehicles on the road quickly, reducing travel time. Various customers also prefer hailing motorcycles due to their relatively inexpensive and economical nature.
Based on Service Type
Ride-hailing is expected to account for a significant Vietnam taxi market share owing to the rise of online apps for cab booking and route searching. This feature enables traditional taxi operators and big multi-transportation companies to track the passengers, ensuring their safety.
Meanwhile, ride-sharing is expected to increase in popularity over the forecast period due to increasing traffic and congestion in urban cities in Vietnam. Rising environmental consciousness among consumers is further expected to boost the popularity of ride-sharing services.
Vietnam Taxi Market Report Snapshots
Vietnam Taxi Market Regional Analysis
*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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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 0.5 billion.
The market is estimated to grow at a CAGR of 7% 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 around USD 0.93 billion by 2032.
The market is being driven by increasing popularity of ride sharing services due to increasing traffic and congestion in Vietnam and provision of various safety features by several taxi companies including live location sharing to ensure the safety of the passengers.
The key trends aiding the market expansion include adoption of digital technologies by taxi firms and lateral expansion plans of ride hailing companies.
Taxis can be booked through either online or offline mode.
The major vehicle types include cars and motorcycle, among others.
The key players in the market are Go Viet Technology Trading Joint Stock Company, FASTGO Vietnam Joint Stock Company, Grab Holdings Inc., Mai Linh Group, VINATAXI Company, Anh Duong Vietnam Joint Stock Company (Vinasun Corp.), Avis Budget Group Inc., Be Group JSC, VATO.EC, and Thien Phong Trading Co., Ltd., among others.
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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