Cab Aggregators Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2
Posted: Mar 04, 2019
Cab aggregators market comprises various participants that connect the customers and car drivers, using different forms of communication technology. Proliferation of smartphones and low cost internet connectivity across the globe has led to considerable growth for mobile application-based business models. Cab aggregators are among the prominent businesses that have garnered large profit margins in the recent past.
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Proliferation of cab aggregators has significantly impacted unorganized transport service providers and the automotive industry
Consumers’ inclination towards owning an automotive is primarily to gain access to transportation. Increasing consumer satisfaction through these service offerings has led to significant negative impacts on automotive sales and local taxi service providers. Owing to these impacts, automotive companies are forced to consider sales strategies in accordance to cab aggregators’ presence. Chief automotive industry participants are focusing on collaborations to enhance their sales. For instance, in the recent past, in India, Ola has collaborated with Maruti, Hyundai, Nissan, and Tata to enable better loan facilities, repayment choices, and financial benefits for drivers who opt to purchase cars through its channels.
Increasing demand for commuting means for business and leisure activities is expected to drive market growth
Increasing urbanization across all major economies, rampant economic development especially in the highly promising markets of India and China, and increased investments in the development of road infrastructure is expected to present strong growth prospects for the cab aggregator market participants. Other emerging economies such as India, Indonesia, Thailand, the Philippines, and Malaysia are expected to present significant growth potential over the forecast period.
Global Key Players:
Global cab aggregators industry is consolidated with the presence of few major participants such as Uber, Lyft, Hailo, Ola, Grab Taxi, Didi Dache, Gett, LeCab, Cabify, and Bitaksi. Owing to low initial investments and large growth opportunity, large number of new entrants are expected to enter the market. New industry participants include Cabby, TenZillionCabs, HiCabs, DropTaxi and Baxi Taxi. These are expected to present considerable challenge to major players and create a competitive atmosphere in the market over the forecast period.
Cab Aggregators Market Taxonomy
On the basis of end use, the global cab aggregators market is classified into:
On the basis of customer types, the global cab aggregators market is classified into:
On the basis of booking type, the global cab aggregator market is classified into:
Other online access
On the basis of business sector, the global cab aggregator market is classified into:
On the basis of vehicle types, the global cab aggregator market is classified into:
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About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various reco