Public transportation companies
are trying to make the rides entertaining for passengers by providing in
transit services at affordable rates. The transit services are being provided
in various ways including on demand videos and songs, Wi-Fi servers and other
forms of entertainment. Customer’s overall experience is enhanced by in transit
entertainment services. For example, the subways running in New York were
installed with Wi-Fi devices in January, 2017. Similarly, communications infrastructure
company CIVIQ Smartscapes equipped public transportation with close to 1000
Wi-Fi devices along with 51 supplementary devices for the stations in Miami-Dade
County located in Florida. India’s largest on demand cab service, Ola Cab, has
started Ola Play platform, which is an in transit entertainment service
offering TV shows, music and radio.
THE BUSINESS RESEARCH COMPANY VALUED THE
GLOBAL TAXI AND LIMOUSINE SERVICES MARKET AT $95
BILLION IN 2017
Western Europe was the largest region in the taxi and limousine services market in
2017, accounting for one-third of the global market.
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The chart below shows the year-on-year growth of the global taxi
and Limousine services market during 2017 – 2021
According to The Business Research Company’s Consultant, Nitin
Gianchandani, shared transportation system is growing in transit and ground
passenger transportation industry owing to cost benefits this system offers to
citizens. Shared transportation combines passenger transportation services such
as drivers, taxis, bikes, and buses under a single platform. Its members can
avail services of a transportation system by paying a subscription fee or a
one-time fare, as well as can earn money by sharing their own vehicles. For
instance, in 2013, US-based startup Downtown Project launched the Project 100
transportation system for Las Vegas. It is a complete transportation system
that allows users to borrow bikes, shuttles, and small electric cars, and gets
a driver by paying a subscription fee. Other examples include ride sharing
companies such as BlaBlaCar and Drivezy, which allow users to rent vehicles of
their choice by paying a membership fee or fare. Uber, on demand cab
transportation service provider is also offering shared ride service known as
uberPOOL.
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report at:
Uber was the largest
competitor in the market, generating revenues of $7.5 billion in the year 2017. Uber’s growth strategy is localization of Uber’s
Asia Pacific (APAC) marketing strategy as it battles to stay ahead of regional
competition. For instance, Uber recently expanded its offerings in markets
like Thailand and India with a rickshaw and motorbike service.
Taxi and limousine service
companies offer passenger transportation services via taxi and limousine. The
taxi and limousine services market is segmented into Mobile Application Based
Taxi Services, and Other Taxi Services.
Mobile Application Based Taxi
Services comprises establishments
primarily engaged in providing passenger transportation by taxi that are booked
using a mobile application.
Other Taxi Services comprises establishments
primarily engaged in providing passenger transportation by taxi that are booked
using a telephonic service or by helpdesk representatives.
Taxi And Limousine Services Global
Market Report 2018 is a detailed report giving a
unique insight into this market. The report is priced at $4000 for an individual
user. To use across your office, the price is $6000 and $8000 if you wish to
use across a multinational company.
About
The Business Research Company.
The Business Research Company is a market research and
intelligence company, which excels in company, market and consumer research.
It has research professionals at its offices in the UK, India and
the US as well a network of trained researchers globally. It has specialist
consultants in a wide range of industries including manufacturing, healthcare,
chemicals and technology.
The Business Research Company's management has more than 20 years
of varied business research experience. They have delivered hundreds
of research projects to the senior management of some of the world's largest organizations.
Contact Information.
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Business Research Company
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Email:
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