Enjoy complimentary customisation on priority with our Enterprise License!
The moto taxi service market size is forecast to increase by USD 12.87 billion, at a CAGR of 9.7% between 2023 and 2028. The market is experiencing significant growth, driven by increasing investments in moto taxi startups and the use of social media analytics to enhance customer experience. However, the market faces challenges such as regulatory restrictions and bans in various countries, which hinder its expansion. Despite these hurdles, the market is expected to continue its upward trajectory due to the convenience and affordability of moto taxis, particularly in densely populated urban areas. The integration of technology, such as GPS tracking and contactless payments, further enhances the appeal of moto taxi services to consumers. Overall, the market is poised for growth, with key players focusing on innovation and compliance with regulatory frameworks to capitalize on emerging opportunities.
To learn more about this report, Request Free Sample
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The e-hailing segment is estimated to witness significant growth during the forecast period. The increasing urbanization and resulting mobility demands have led to a significant focus on improving urban transportation systems. Urban cities worldwide are witnessing an increase in population growth, leading to increased vehicular emissions and traffic congestion. To address these challenges, the market is gaining traction as a viable solution for urban mobility.
The e-hailing segment was the largest segment and was valued at USD 16.91 billion in 2018. This on-demand transportation service, which allows users to hail motorbike taxis through web-casts or mobile applications, offers several advantages over traditional taxis and public transportation. However, it is essential to acknowledge the weaknesses associated with this mode of transportation, such as safety concerns and regulatory challenges, to ensure its sustainable growth and acceptance in urban transportation landscapes.
For more insights on the market share of various regions Download Sample PDF now!
APAC is estimated to contribute 58% to the growth during the forecast year. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The market is witnessing an active shift towards app-based technology, offering consumers in crowded metropolitan areas and developing nations a cost-effective, efficient alternative to traditional transportation options like buses and cars. The changing face of transportation is driven by the demand for driving solutions that cater to the accessibility needs of consumers in busy areas, especially during bad road conditions. Moto taxi services leverage cutting-edge technology to ensure a superior customer experience. This includes real-time tracking, cashless payments, and safety features like cameras. The integration of banking services and digital platform ecosystems further enhances the convenience factor.
The market is witnessing a rise in demand due to demographic growth and the increasing popularity of car-sharing programs and bike sharing programmes. Environmental concerns are also driving the adoption of electric motorbikes and electric motorcycle taxis as a more eco-friendly alternative to diesel-powered vehicles. Businesses are focusing on driver education and safety measures to mitigate collisions and ensure a safe riding experience for passengers. The market is expected to grow significantly in the coming years, with D1 Capital Partners and others investing in this space to capitalize on the potential. Overall, the market is poised for significant growth, offering a cost-effective, efficient, and environmentally-friendly solution to the transportation needs of consumers in various financial backgrounds.
The market is witnessing a significant shift towards motorbike taxis as consumers in crowded metropolitan areas seek efficient transportation options. Motorcycle and scooters offer the advantage of navigating through traffic more easily than traditional taxis, making them an attractive choice for passengers. Motorbike taxis, also known as motorcycle taxis or moto-taxis, have gained popularity due to their ability to cover short distances quickly and at an affordable price. The growing need for cashless payments and the increasing use of mobile applications have further boosted the market. Customer requests can be placed through these applications, and the nearest motorbike rider is dispatched to pick up the passenger. The moto-taxi service software enables real-time tracking of the motorbike rider and the distance travelled, ensuring a safe and reliable service. Motorbike owners can also benefit from this business model by earning additional income by renting out their motorbikes for moto-taxi services. Overall, the market is poised for growth as it offers a convenient and cost-effective solution for passenger transportation. Our researchers studied the market research and growth data for years, with 2023 as the base year along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increase in investments for moto taxi startups is notably driving the market growth. The moto taxi market, a segment of ride-sharing and ride-hailing services, has gained considerable traction in various countries due to rising fuel prices, parking-related issues, and increasing road traffic. Traffic congestion and traffic problems are major concerns in urban areas, leading to discomfort for commuters and inefficiencies in transportation networks. To address these issues, moto taxis, also known as bike taxis or two-wheeled transportation, offer a simpler and more agile solution. Start-ups are capitalizing on this trend, attracting significant investments to expand their operations and geographic presence.
Moreover, the growing public awareness of sustainability and the emergence of super apps offering multiple services, including transportation, further strengthen the market's potential. However, the market faces challenges such as traffic congestion issues, threats from traditional taxi services and trains, and competition from other forms of transportation. A strategic approach that focuses on transparency, service quality, and user experience will be essential for startups to maintain profitability and sustainability in this competitive landscape. Thus, such factors are driving the growth of the market during the forecast period.
The use of social media and analytics is the key trend in the market. Moto taxi services, also known as ride-hailing or ride-sharing services on two-wheeled vehicles, are gaining significant traction. With rising fuel prices, parking-related issues, and traffic congestions, there is a growing demand for more sustainable and efficient transportation solutions. As public awareness increases, safety and security become paramount considerations. Regulatory bodies are implementing safety regulations and issuing licenses to service providers. The two-wheeled transportation space is witnessing a rise in start-ups, with companies employing strategic approaches to profitability. Statistical databases are utilized to understand the second-largest proportion of trips taken by moto taxi services, as compared to traditional taxis and trains.
Transparency is a key factor, with super apps providing simplicity and ease of use for customers. Road traffic and traffic congestion issues are major threats, necessitating a roadmap for sustainability. Analytics plays a crucial role in optimizing operations, with ride-hailing services using data from social media platforms and real-time traffic information to measure supply and demand. Dynamic pricing models, such as peak-time or increase pricing, are implemented based on this data to ensure service provider profitability. Safety, sustainability, and transparency are the strengths of moto taxi services, making them an attractive alternative to traditional transportation services. However, challenges such as traffic problems, comfort, and vehicle emissions remain areas of focus for continuous improvement. Thus, such trends will shape the growth of the market during the forecast period.
Ban on moto taxis in various countries is the major challenge that affects the growth of the market. The market is experiencing significant growth in various regions, particularly in areas where ride-hailing services and ride sharing have gained popularity. However, the expansion of this sector faces numerous considerations. Rising fuel prices, parking-related issues, and traffic congestion are major challenges. Additionally, public awareness regarding road safety and increasing vehicle emissions are crucial factors. Road traffic and traffic congestion continue to be significant problems, leading some cities to explore alternatives like trains and public transportation networks. Safety regulations and security concerns are essential for service providers' profitability and market sustainability. The simplicity of two-wheeled transportation in terms of parking and maneuverability in traffic makes scooters and motorbikes attractive options. Social factors, such as affordability and ease of use, also contribute to their popularity.
Start-ups and super apps are entering the transportation services market, offering innovative solutions to address traffic problems. Transparency, sustainability, and strategic approaches to addressing threats like traffic congestion and safety concerns are essential for success. Despite the challenges, the market holds significant potential, offering a roadmap for growth in the transportation business. However, it is crucial to consider the strengths and weaknesses of this mode of transportation, including the discomfort associated with some motorbike seats, and the potential for accidents. Hence, the above factors will impede the growth of the market during the forecast period
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ANI Technologies Pvt. Ltd: The company offers moto taxi services Bike Taxis in Bangalore on the Ola app to help customers zip through traffic with ease, at lowest fares and help de-congest cities.
We also have detailed analyses of the market's competitive landscape and offer information on key companies, including ANI Technologies Pvt. Ltd., Bolt Technology OU, DBDOYC Inc., Dunzo Digital Pvt. Ltd., Grab Holdings Ltd., Guinness Transporters Ltd., iDisha Info Labs Pvt. Ltd., Limobike Ltd., Mopedo, Motocab, Pathao Ltd., PT GoTo Gojek Tokopedia Tbk, Roppen Transportation Services Pvt. Ltd., Sister Ojek, and Uber Technologies Inc.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market is witnessing an active shift towards app-based technology, offering consumers in crowded metropolitan areas and developing nations a cost-effective, efficient alternative to traditional transportation options like buses and cars. The changing face of transportation is driven by the demand for driving solutions that cater to the accessibility needs of consumers in busy areas, especially during bad road conditions. Moto taxi services leverage cutting-edge technology to ensure a superior customer experience. This includes real-time tracking, cashless payments, and safety features like cameras. The integration of banking services and digital platform ecosystems further enhances the convenience factor.
The market is witnessing a rise in demand due to demographic growth and the increasing popularity of car-sharing programs and bike sharing programmes. Environmental concerns are also driving the adoption of electric motorbikes and electric motorcycle taxis as a more eco-friendly alternative to diesel-powered vehicles. Businesses are focusing on driver education and safety measures to mitigate collisions and ensure a safe riding experience for passengers. The market is expected to grow significantly in the coming years, with D1 Capital Partners and others investing in this space to capitalize on the potential. Overall, the market is poised for significant growth, offering a cost-effective, efficient, and environmentally-friendly solution to the transportation needs of consumers in various financial backgrounds.
Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.7% |
Market growth 2024-2028 |
USD 12.87 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.7 |
Regional analysis |
APAC, Europe, Middle East and Africa, South America, and North America |
Performing market contribution |
APAC at 58% |
Key countries |
Indonesia, Vietnam, US, France, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ANI Technologies Pvt. Ltd., Bolt Technology OU, DBDOYC Inc., Dunzo Digital Pvt. Ltd., Grab Holdings Ltd., Guinness Transporters Ltd., iDisha Info Labs Pvt. Ltd., Limobike Ltd., Mopedo, Motocab, Pathao Ltd., PT GoTo Gojek Tokopedia Tbk, Roppen Transportation Services Pvt. Ltd., Sister Ojek, and Uber Technologies Inc. |
Market dynamics |
Parent market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.