Posted By Coherent Market Insights
Posted on September 16, 2021
United States/WA: Global Cab Aggregators Market Will Boom In Near Future
Report Pages:[130 Pages]
Overview
Cab Aggregators offer a unique service to the public by combining several transport operators in one company. The cab aggregators provide public transport services to the residents of a city or town, using a network of buses, coaches, taxicabs or shuttles. The companies hire professional drivers who have been trained and certified to provide safety and reliability to the clients. The aggregators also provide various other services like luggage delivery, valet parking, taxi stand, taxi dispatch, driver monitoring, and many more. The concept of real-time data sharing used by the cab aggregator companies allows the users to get updates on the number of taxis available, the status of each vehicle, fuel costs and other important information.
Competitive Landscape
Major companies operating in the global cab aggregators market include Grab, Lyft, Uber, SRide, Quick Ride, Prydo Meru, and Ola.
Drivers
Growing passenger inclination towards the GPRS-enabled cab and ride-sharing services for their daily commutes in the metropolitan cities is expected to propel growth of the cab aggregators market over the forecast period.
Moreover, rising penetration of smartphones along with the access to higher internet speeds is expected to boost growth of the cab aggregators market during the forecast period.
Request a sample copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/622
The Epitome of the COVID-19 Impact:
The onset of the COVID-19 crisis had eaten up a large portion of the cab aggregators market’s business. Nationwide lockdowns which included prohibition on inter-city movements had significantly reduced the demand for cab services during the second and third quarters of 2020. Although, the market is enjoying the bounce-back season with the ease of restrictions and progressing vaccination drives. Factoring the social distancing measures, passengers are opting for cab services in the lieu of heavily-crowded public transports to avoid the spread of the virus, thus, creating positive prospects for the market players.
Key Trends
- The cab aggregators market is estimated to grow at a CAGR of XX % during the forecast period owing to the rising demand for cab services in the developed countries. For instance, in November 2020, the Indian Ministry of Road Transport and Highways released a set of Motor Vehicle Aggregator Guidelines for online cab services compelling them to charge 50% fares to enhance asset utilization in a pandemic-recovery strategy.
- In the territorial breakdown, the cab aggregators market in the Asia Pacific market is projected to augment at a significant rate on the heels of increased smartphone penetration, lower cab fares, and the presence of major market players.
- In parallel, the cab aggregators market is also benefiting from the North American region in the view of growing preference towards the cab services among urban population.
Global Cab Aggregators Market, By End-Use (On-airports, Inter-city, and Intra-city), By Customer Types (Leisure and Business), By Booking Type (Offline access, App-based access (Mobile), and Other online access), By Business Sector (Unorganized and Organized), By Vehicle Types (MUVs/SUVs, Executive Cars, Luxury Cars, and Economy Cars), and By Geography (North America, Asia Pacific, Latin America, Europe, Middle East, and Africa), is projected to have a market valuation of US$ XX million in 2021 and is anticipated to grow at a CAGR of XX% during the forecast period (2021-2028), as mentioned in a new report published by Coherent Market Insights.
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
People Also Search For Following Reports:
Luxury Van Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post [PDF] Cab Aggregators Market is riding high on the top of the upcoming boost coming from the upliftment of lockdowns and its post-pandemic strategies appeared first on Gatorledger.
United States/WA: Global Cab Aggregators Market Will Boom In Near Future
Report Pages:[130 Pages]
Overview
Cab Aggregators offer a unique service to the public by combining several transport operators in one company. The cab aggregators provide public transport services to the residents of a city or town, using a network of buses, coaches, taxicabs or shuttles. The companies hire professional drivers who have been trained and certified to provide safety and reliability to the clients. The aggregators also provide various other services like luggage delivery, valet parking, taxi stand, taxi dispatch, driver monitoring, and many more. The concept of real-time data sharing used by the cab aggregator companies allows the users to get updates on the number of taxis available, the status of each vehicle, fuel costs and other important information.
Competitive Landscape
Major companies operating in the global cab aggregators market include Grab, Lyft, Uber, SRide, Quick Ride, Prydo Meru, and Ola.
Drivers
Growing passenger inclination towards the GPRS-enabled cab and ride-sharing services for their daily commutes in the metropolitan cities is expected to propel growth of the cab aggregators market over the forecast period.
Moreover, rising penetration of smartphones along with the access to higher internet speeds is expected to boost growth of the cab aggregators market during the forecast period.
Request a sample copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/622
The Epitome of the COVID-19 Impact:
The onset of the COVID-19 crisis had eaten up a large portion of the cab aggregators market’s business. Nationwide lockdowns which included prohibition on inter-city movements had significantly reduced the demand for cab services during the second and third quarters of 2020. Although, the market is enjoying the bounce-back season with the ease of restrictions and progressing vaccination drives. Factoring the social distancing measures, passengers are opting for cab services in the lieu of heavily-crowded public transports to avoid the spread of the virus, thus, creating positive prospects for the market players.
Key Trends
- The cab aggregators market is estimated to grow at a CAGR of XX % during the forecast period owing to the rising demand for cab services in the developed countries. For instance, in November 2020, the Indian Ministry of Road Transport and Highways released a set of Motor Vehicle Aggregator Guidelines for online cab services compelling them to charge 50% fares to enhance asset utilization in a pandemic-recovery strategy.
- In the territorial breakdown, the cab aggregators market in the Asia Pacific market is projected to augment at a significant rate on the heels of increased smartphone penetration, lower cab fares, and the presence of major market players.
- In parallel, the cab aggregators market is also benefiting from the North American region in the view of growing preference towards the cab services among urban population.
Global Cab Aggregators Market, By End-Use (On-airports, Inter-city, and Intra-city), By Customer Types (Leisure and Business), By Booking Type (Offline access, App-based access (Mobile), and Other online access), By Business Sector (Unorganized and Organized), By Vehicle Types (MUVs/SUVs, Executive Cars, Luxury Cars, and Economy Cars), and By Geography (North America, Asia Pacific, Latin America, Europe, Middle East, and Africa), is projected to have a market valuation of US$ XX million in 2021 and is anticipated to grow at a CAGR of XX% during the forecast period (2021-2028), as mentioned in a new report published by Coherent Market Insights.
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
People Also Search For Following Reports:
Luxury Van Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post [PDF] Cab Aggregators Market is riding high on the top of the upcoming boost coming from the upliftment of lockdowns and its post-pandemic strategies appeared first on Gatorledger.
