Global Regional Taxi Public Transport Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Booking Type;

Online Booking, and Offline Booking.

By Service Type;

Ride Hailing, and Ride Sharing.

By Application;

City, and Rural.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn837444448 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Regional Taxi Public Transport Market (USD Million), 2021 - 2031

In the year 2024, the Global Regional Taxi Public Transport Market was valued at USD 104772.08 million. The size of this market is expected to increase to USD 137872.90 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.

The global taxi and public transport market plays a crucial role in urban mobility, providing essential transportation services to millions of people worldwide. As cities expand and populations grow, the demand for efficient, affordable, and accessible transportation solutions continues to rise. This market encompasses various modes of transport, including taxis, ride-hailing services, buses, trams, and metro systems, each catering to different segments of commuters. With advancements in technology and increasing concerns over environmental sustainability, the industry is witnessing a shift towards digitalization and eco-friendly transport options.

Regionally, the dynamics of the taxi and public transport market vary significantly based on infrastructure development, regulatory frameworks, and consumer preferences. In developed nations, there is a strong emphasis on smart public transport systems, with governments investing heavily in integrated networks and cashless payment solutions. In contrast, developing countries often rely more on traditional taxi services, shared rides, and informal transport networks to meet the needs of their growing urban populations. The rise of app-based ride-hailing platforms, such as Uber, Lyft, and Didi, has disrupted conventional taxi services, forcing industry players to adapt to changing market conditions.

Several key factors influence the growth and competitiveness of the market, including urbanization, government policies, fuel prices, and environmental concerns. The push for sustainable mobility solutions has led to the adoption of electric and hybrid vehicles in public transport fleets, as well as incentives for shared mobility models. Additionally, the COVID-19 pandemic brought significant challenges, with lockdowns and social distancing measures reducing passenger demand. However, as economies recover, the sector is witnessing a resurgence, with renewed focus on hygiene standards, contactless payments, and mobility-as-a-service (MaaS) solutions.

Looking ahead, the future of the global taxi and public transport market will be shaped by innovation, regulatory developments, and evolving consumer expectations. The integration of artificial intelligence, autonomous vehicles, and smart city initiatives is expected to redefine how people commute. While challenges such as congestion, pricing regulations, and competition remain, opportunities for growth are abundant, particularly in regions with expanding urban landscapes. As governments and private enterprises collaborate to enhance transport efficiency and sustainability, the market is set to evolve, offering more convenient and eco-friendly mobility solutions to the global population.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Booking Type
    2. Market Snapshot, By Service Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Regional Taxi Public Transport Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. GPS Tracking

        2. Real-time Data Analytics

        3. Predictive Algorithms

        4. Passenger Experience

      2. Restraints
        1. Regulatory Challenges

        2. Competition from Ride-Sharing Services

        3. Pricing Pressures

        4. Driver Shortages

      3. Opportunities
        1. Enhanced Customer Experience

        2. Market Expansion

        3. Data Analytics

        4. Sustainable Transportation

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Regional Taxi Public Transport Market, By Booking Type, 2021- 2031 (USD Million)
      1. Online Booking
      2. Offline Booking
    2. Global Regional Taxi Public Transport Market, By Service Type, 2021 - 2031 (USD Million)
      1. Ride Hailing
      2. Ride Sharing
    3. Global Regional Taxi Public Transport Market, By Application, 2021 - 2031 (USD Million)
      1. City
      2. Rural
    4. Global Regional Taxi Public Transport Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Uber Technologies Inc
      2. ANI Technologies Pvt. Ltd
      3. mytaxi Network Ltd., Lyft, Inc
      4. Beijing Xiaoju Technology Co., Ltd
      5. Grab, GOJEK TECH
      6. Kabbee Exchange Limited
      7. Flywheel
  7. Analyst Views
  8. Future Outlook of the Market