Top 5 Vendors in the Cab Services Market From 2017 to 2021 | Technavio

10-Nov-2017 Intellasia | BusinessWire | 11:43 PM Print This Post

LONDON–(BUSINESS WIRE)–#CabServicesTechnavio
has announced the top five leading vendors in their recent global
cab services market
report. This research report also lists
eight other prominent vendors that are expected to impact the market
during the forecast period.


Cloud mobility businesses, which are called e-hailing, are changing the
way passengers move around in cities. Cloud mobility services, such as
Uber, Ola, Didi Chuxing, and Lyft, are emerging, improving vehicle
utilization, disentangling ownership from usage, and driving costs of
mobility down. These ride-hailing services are using the cloud mobility
system to get their customers by providing online booking options to the
customers.

Competitive vendor landscape

The major players in the global cab services market include BMW Group,
Didi Chuxing, Daimler, Lyft, Uber, and Gett. These companies are
prominent cab
service
providers for passengers that mainly commute in Tier 1 and
Tier 2 cities, such as Seoul-Incheon, London, Shanghai, Chicago, Moscow
Tokyo, New York, Paris, and Osaka-Kobe, across the world. These
companies cater specific requirements according to their clients,
thereby offering them with customized cab services, such as ride-sharing
services, defined route cab services, luxury car cab service, and car
rental services for tourists and corporate clients.

“OEMs, such as BMW Group and Daimler’s Mytaxi, provide car rental
services, which can be hired for a certain period of time by the
customers. These types of services are mostly available in North America
and Western Europe. Novel players are likely to invest in the industry
due to the growing innovation in the cab service sector,”
says
Sharan Raj, a lead transportation
and distribution
research analyst from Technavio.

The major competition comes from e-hailing apps, such as Uber and Ola,
which connect riders with independent drivers that use their own
vehicles. However, such cab service operators have begun to place
intense pressure on the traditional yellow taxi model.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

Top five cab services market vendors

BMW Group

BMW Group offers ReachNow and DriveNow services in Europe and the
Americas. DriveNow is a free-floating car-sharing platform that operates
in more than 10 European cities. ReachNow is US-based and adds the
ability to book rides in which cars owners rent out their cars. The
group’s iNEXT model, which is to be launched in 2021, will become the
basis for fleets with partially or fully autonomous cars in partnership
with Intel.

Didi Chuxing

Didi Chuxing operates in taxi-hailing, private car-hailing,
ride-sharing, designated driver (Didi Chauffeur), bus services, car
rental, and enterprise solution. In 2017, it raised more than $16
billion in more than 10 rounds of funding, which includes investors,
such as SoftBank, China Merchants Bank, and Bank of Communications,
which was aimed to grow international operations of the company and work
on autonomous driving.

Daimler

Daimler, through its subsidiaries, produces, develops, and distributes
trucks, vans, buses, and passenger cars in Germany and internationally.
The company operates through, Daimler Trucks, Mercedes-Benz Vans,
Mercedes-Benz Cars, Daimler Financial Services, and Daimler Buses.

Lyft

Passengers and riders download the Lyft mobile app on their
Android-based or iOS phones. The customers must sign-up, enter a valid
phone number, and enter a valid form of payment, which is either a
credit card, or link to a Google Wallet, Apple Pay, and PayPal account.

Uber

Uber was established during March 2009, and it is a prominent vendor of
the e-hailing market, thereby operating in all major cities globally.
Uber operates in more than 630 cities worldwide as it offers on-demand
pickup for passengers. The company operates, markets, and develops
ridesharing mobile application that allows consumers to submit a trip
request that is routed to crowd-sourced taxi drivers.

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Browse Related Reports:

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

 


Category: BusinessWire, PRAsia

Print This Post