Europe Taxi Market Introduction and Overview
According to SPER Market Research, the Europe Taxi Market is estimated to reach USD 157.47 billion by 2033 with a CAGR 8.34%.
The report includes an in-depth analysis of the Europe Taxi Market, including market size and trends, product mix, distribution channels, and supplier analysis. A taxi, sometimes referred to as a cab, is a type of chauffeured vehicle that can be hired by an individual or by a small group of individuals, usually for a private transportation service. People can travel to and from any destination they choose in a taxi.
- January 2024: Assembled as the first app-based, fully electric, and decentralized bike taxi service in India, Baayu was introduced as a joint venture between the state government-operated Assam State Transport Corporation and an entrepreneurial firm.
- Helbiz debuted their taxi service in Europe in August of 2022. Due to Helbiz's integration with multiple active taxi operators, users will initially be able to request an on-demand cab, make payments, and rate the service within the Helbiz app.
Market Opportunities and Challenges
Opportunities: The cheap taxi prices and heavy traffic on the highways are two of the many elements boosting the European taxi industry's expansion. In addition, the escalating expenses of automobiles in Europe are compelling many to opt for taxi services instead of buying their own cars. In addition to being comfortable, safe, and convenient, taxis offer excellent, individualized customer service. Taxis can be reserved in advance or on the spot by travelers. The European taxi industry is expanding thanks in part to the digitization of cab booking. Furthermore, reliability and predictability of travel circumstances are highly valued by European tourists. Taxi services are the most flexible of all passenger transportation options.
Challenges: Many challenges that the European taxi sector faces. Regulatory barriers are common, resulting in complexity for both traditional taxi services and ridesharing platforms due to variations in licensing procedures and regulations between nations and cities. Safety regulations continue to be a source of worry, particularly in light of the rise of ridesharing, which has sparked discussions about driver screening and vehicle inspection procedures.
Market Competitive Landscape
The Taxi market in Europe is highly consolidated. Addison Lee, BerlKönig, Bolt, FreeNow, Gett, Helbiz, Hopp, iTaxi, London Lady Chauffeurs, MiniTaxi, Ola, Taxi Polska, Uber, YandexTaxi, and others are prominent players in the European taxi market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Booking Type, By Service Type, By Vehicle Type
|
| Regions covered | UK, France, Germany, Italy, Spain, Rest of Europe
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| Companies Covered | Addison Lee, BerlKönig, Bolt, FreeNow, Gett, Helbiz, Hopp, iTaxi, London Lady Chauffeurs, MiniTaxi, Ola, Taxi Polska, Uber, YandexTaxi, and others
|
COVID-19 Impact on Europe Taxi Market
The COVID-19 epidemic has had a major effect on the European cab industry, posing hitherto unseen difficulties and inconveniences. People stayed indoors and travel drastically decreased as a result of lockdowns, travel restrictions, and social distancing measures put in place around the continent. As a result, demand for taxi services fell. Taxi firms saw a sharp decline in revenue as a result, and many of them found it difficult to continue operating in the face of declining clientele.
Key Target Audience:
- Tourists
- Business Travellers
- Residents
- High-Income Individuals
- Tech-Savvy Individuals
Our in-depth analysis of the Europe Taxi Market includes the following segments:
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By Booking Type: |
Online Booking
Offline Booking
|
|
By Service Type: |
Ride-hailing
Ride-sharing
|
|
By Vehicle Type: |
Motorcycle
Cars
Others
|
Key Topics Covered in the Report:- Europe Taxi Market Size (FY’2024-FY’2033)
- Overview of Europe Taxi Market
- Segmentation of Europe Taxi Market By Booking Type (Online Booking, Offline Booking)
- Segmentation of Europe Taxi Market By Service Type (Ride-hailing, Ride-sharing)
- Segmentation of Europe Taxi Market By Vehicle Type (Motorcycle, Cars, Others)
- Expansion Analysis of Europe Taxi Market
- Problems and Obstacles in Europe Taxi Market
- Competitive Landscape in the Europe Taxi Market
- Impact of COVID-19 and Demonetization on Europe Taxi Market
- Details on Current Investment in Europe Taxi Market
- Competitive Analysis of Europe Taxi Market
- Prominent Players in the Europe Taxi Market
- SWOT Analysis of Europe Taxi Market
- Europe Taxi Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Taxi Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Taxi Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Taxi Market
7. Europe Taxi Market, By Booking Type (USD Million) 2020-2033
7.1. Europe Taxi Market Size, Share and Forecast, By Booking Type, 2020-2026
7.2. Europe Taxi Market Size, Share and Forecast, By Booking Type, 2027-2033
7.3. Online Booking
7.4. Offline Booking
8. Europe Taxi Market, By Service Type (USD Million) 2020-2033
8.1. Europe Taxi Market Size, Share and Forecast, By Service Type, 2020-2026
8.2. Europe Taxi Market Size, Share and Forecast, By Service Type, 2027-2033
8.3. Ride-hailing
8.4. Ride-sharing
9. Europe Taxi Market, By Vehicle Type (USD Million) 2020-2033
9.1. Europe Taxi Market Size, Share and Forecast, By Vehicle Type, 2020-2026
9.2. Europe Taxi Market Size, Share and Forecast, By Vehicle Type, 2027-2033
9.3. Motorcycle
9.4. Cars
9.5. Others
10. Europe Taxi Market Forecast, 2020-2033 (USD Million)
10.1. Europe Taxi Market Size and Market Share
11. Europe Taxi Market, By Region, 2020-2033 (USD Million)
11.1. Europe Taxi Market Size and Market Share By Region (2020-2026)
11.2. Europe Taxi Market Size and Market Share By Region (2027-2033)
11.3. France
11.4. Germany
11.5. Italy
11.6. United Kingdom
12. Company Profile
12.1. Addison Lee,
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. BerlKönig
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Bolt
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. FreeNow
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Gett
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Helbiz
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Hopp
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. iTaxi
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. London Lady Chauffeurs
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. MiniTaxi
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Ola
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. Taxi Polska
12.12.1. Company details
12.12.2. Financial outlook
12.12.3. Product summary
12.12.4. Recent developments
12.13. Uber
12.13.1. Company details
12.13.2. Financial outlook
12.13.3. Product summary
12.13.4. Recent developments
12.14. YandexTaxi,
12.14.1. Company details
12.14.2. Financial outlook
12.14.3. Product summary
12.14.4. Recent developments
12.15. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
