Global Taxi and Limousine Services Market to Reach $608.4 Billion by 2030
The global market for Taxi and Limousine Services estimated at US$247.5 Billion in the year 2023, is expected to reach US$608.4 Billion by 2030, growing at a CAGR of 13.7% over the period 2023-2030. Mobile Application Based Taxi Services, one of the segments analyzed in the report, is expected to record 15.1% CAGR and reach US$575 Billion by the end of the analysis period. Growth in the Other Taxi Services segment is estimated at 0.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $71 Billion, While China is Forecast to Grow at 21.5% CAGR
The Taxi and Limousine Services market in the U.S. is estimated at US$71 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$146.1 Billion by the year 2030 trailing a CAGR of 21.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.6% and 11.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR.
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