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The Moto Taxi Service Market size is estimated to grow by USD 10.84 billion at a CAGR of 8.97% between 2022 and 2027. The increase in investments for moto taxi startups is fueling the growth of this sector, leading to the expansion of services and increased availability of moto taxis in many areas. The rise in congestion and overcrowding on roads is making moto taxis an attractive alternative for commuters looking to avoid traffic delays and reach their destinations more quickly. Additionally, the rise in the popularity of electric moto-taxis is driven by factors such as increasing environmental awareness and government incentives for electric vehicles, leading to a shift towards more sustainable transportation options in some markets.
Market Forecast 2023-2027
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This report extensively covers market segmentation by application (passenger and load), service (e-hailing and ride-sharing), and geography (APAC, Europe, Middle East and Africa, South America, and North America). It also includes an in-depth analysis of drivers, trends, and challenges.
The passenger segment is estimated to witness significant growth during the forecast period. There is an increasing preference for moto taxi services by customers as they are more convenient and affordable than taxi services. The passenger segment is one of the main segments that is significantly contributing to the market growth as it meets the commuting requirements of people all over the world.
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The passenger segment was the largest segment and was valued at USD 16.15 billion in 2017. There is a growing popularity for moto-taxis as a public mode of transportation due to their ability to quickly traverse congested areas, making them an ideal option for short distances. The passenger segment caters to a broad range of consumer segments from daily commuters to tourists as well as occasional travelers who are seeking cost-effective and efficient means of transportation. Factors such as the increasing demand for alternative modes of transportation in urban settings is significantly contributing to the growth of this segment. Furthermore, the increasing population in urban areas will increase the amount of traffic and parking on the roads fuelling the demand for moto taxi services. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
Based on service, the segment is classified into e-hailing and ride-sharing. There is an increasing adoption of e-hailing services as they provide solutions that enable booking moto taxis through their mobile apps. These services mainly leverage online platforms to connect passengers with local drivers and serve as one of the best comfortable means of transportation. There is a growing popularity for e-hailing services for moto-taxis due to the high cost of owning private vehicles such as cars. Additionally, they enable the reduction of waiting time and enhance customer convenience of availing moto-taxis. There is significant growth in the e-hailing service market in APAC due to the high population in countries such as China and India. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 57% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. One of the main factors that are significantly contributing to the growth of the global motorcycle taxi service market in APAC is the rapid growth of urbanization and increase in disposable income in countries including China, India, Japan, Australia, Indonesia, Thailand, and Vietnam. As a result, it has led to traffic congestion in the country which fuelled the need for convenient modes of transportation, resulting in the rise of e-hailing services such as moto taxi service.
Furthermore, in countries such as Thailand, India, and China, the government is restricting people from buying cars due to the rising air pollution levels and traffic congestion, which is fuelling the demand for ride-sharing services such as moto-taxi service. Hence, such factors are expected to drive market growth during the forecast period.
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Efficient transportation options are becoming increasingly essential, especially in crowded metropolitan areas where traffic congestion is a common challenge. One mode of transportation that has been gaining traction in recent years is motorbike taxis, also known as motorcycle taxis or moto-taxis. These services offer convenient and cost-effective travel solutions for consumers looking to navigate through busy urban environments.
The transportation business has seen significant expansion in the realm of passenger transportation, with motorbikes and scooters emerging as popular choices for short-distance travel. Motorbike taxis provide a flexible and agile way to maneuver through traffic, allowing passengers to reach their destinations quickly and efficiently. One of the key advantages of motorbike taxis is their ability to cater to the growing need for transportation options that are both convenient and economical. With cashless payment options and the convenience of booking rides through mobile applications, motorbike taxi services offer a seamless experience for customers.
Motorbike riders, often referred to as moto-taxi drivers, play a crucial role in this industry. They are skilled navigators who are well-versed in navigating through busy streets and delivering passengers to their destinations safely and swiftly. Whether it's a short trip to the grocery store or a daily commute to work, motorbike taxis provide a convenient solution for passengers looking to avoid the hassle of traffic congestion. Furthermore, the rise of moto-taxi service software has streamlined the booking process for both passengers and motorbike owners. Customers can easily request rides through user-friendly apps, while motorbike owners can efficiently manage their fleets and track the distance traveled by each rider.
The popularity of moto-taxis is on the rise, becoming an integral part of urban public transport, known for its door-to-door or point-to-point services. Fuel-based motorcycle taxis are increasingly preferred for commuting in many countries, leading to a rise in air pollution and traffic congestion. This trend is driven by transportation businesses seeking efficient transportation options in crowded metropolitan areas, catering to the needs of consumers looking for convenient passenger transportation using motorbikes and scooters.
However, there is a shift towards electric motorbikes for taxi services due to the escalating fuel costs and environmental concerns. For instance, Karnataka, India, approved the use of electric bicycles as taxis in July 2021, positively impacting the market. Additionally, governments are increasingly supporting the implementation of electric bicycle taxi services for first and last-mile connectivity in urban areas. This shift is facilitated by the use of mobile applications for customer requests, connecting motorbike owners with passengers. The distance traveled is often tracked using moto taxi service software, benefiting both the motorbike rider and the passenger (including the pillion). These factors are expected to drive the market in the forecast period.
Several moto taxi service companies collect data from various social media platforms including Twitter, Facebook, and Google+, to obtain insights into customer behavior. By leveraging such analytics it enables the moto-taxi service operators to calculate the average trip that is made by the driver in various situations on any given day and arrive at the ideal number of trips for profitability.
Moreover, several prominent taxi companies such as Uber Technologies Inc. and Ola Cabs leverage analytics to measure the supply and demand for their taxi operations. Furthermore, there is an integration of Android systems and hardware devices with Moto Taxis to analyze certain parameters such as the speed of the vehicle, road conditions, and traffic density. Hence, such factors are expected to positively impact the market. Therefore, it is expected to drive the market during the forecast period.
Despite the global market witnessing significant growth, there are numerous bans on moto taxis in some countries and even regarded as illegal in other countries. In several countries such as the UK and India, the legislation requires licensed taxis to have four wheels. As a result, bikes are not legally allowed to carry paying passengers.
For instance, in May 2022, Nigeria's commercial capital, Lagos, declared that it would ban motorcycle taxis from operating in most parts of the traffic-clogged city, thereby removing a popular mode of transport for residents. Thus, the increase in bans in such countries is negatively impacting the market. Hence, such factors are expected to hinder 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 11 market companies, including:
Bolt Technology OU, DBDOYC INC., Dunzo Digital Pvt. Ltd., Grab Holdings Ltd., iDisha Info Labs Pvt. Ltd., Limobike Ltd., Mopedo, Pathao Ltd., PT GoTo Gojek Tokopedia Tbk, Roppen Transportation Services Pvt. Ltd., and Uber Technologies Inc.
Technavio report provides 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 report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is experiencing rapid growth due to factors such as urban mobility demands, increased traffic congestion, and rising fuel prices. Companies like Bolt are innovating with app-based technology to provide efficient transportation options in busy areas. These services offer cost-effective and convenient alternatives, especially in developing countries with inadequate public transportation. Despite safety regulations and environmental concerns, the market is projected to expand further, driven by sustainability and customer demand for efficient forms of transportation.
The market is witnessing significant growth driven by factors like urbanization, rising fuel prices, and the growing need for efficient transportation options in congested metropolitan areas. Companies are leveraging digital platforms and mobile applications to offer convenient and economical solutions. Despite challenges such as poor road conditions and traffic congestion, the market is expected to expand further with government incentives and innovations in ride-hailing services. This market presents opportunities for innovators and entrepreneurs in the transportation business to address the last-mile and urban mobility demands. The market faces challenges like road traffic congestions and traffic congestion issues due to urbanization and significant demographic growth in Urban cities. To address these, companies are innovating with scooters and leveraging super apps for efficient transportation.
The market is experiencing rapid growth driven by factors such as urbanization, increased investment in transportation networks, and rising public awareness towards sustainable transportation options. With 50 million users worldwide, there is a growing demand for accessible and convenient transportation solutions, especially in crowded metropolitan areas. Companies are leveraging digital platforms and mobile applications to offer cashless payments and real-time tracking, enhancing the customer experience. However, challenges such as bad road conditions and traffic congestion require innovative and efficient solutions to sustain growth in this market. They prioritize security and simplicity, offering short and long distance options. Despite facing weaknesses such as uncomfortable seats, they strive for service providers' profitability through strategic approaches and transparency in operations.
The transportation industry is undergoing a significant transformation, driven by technological advancements, changing consumer preferences, and the evolving needs of urban mobility. From bike sharing to car-sharing programs, accessibility and efficiency are at the forefront of this revolution. In congested locations, traditional forms of transportation such as buses and personal vehicles face challenges such as collisions, high costs of gasoline and diesel, and environmental concerns. As a result, there has been a growing demand for more efficient and sustainable alternatives.
Bike sharing programs have emerged as a cutting-edge solution to address the changing face of transportation in urban areas. These programs offer an economical and simple hiring process, allowing users to rent bikes for short distances at convenient locations throughout the city. With the rise of bike sharing programs, companies like D1 Capital Partners have recognized the potential for growth and investment in this emerging market. In addition to bike sharing, car-sharing programs have gained traction as a convenient and efficient form of transportation, especially in congested cities. Companies like Estonian ride-hailing firm Bolt have capitalized on this trend, offering car-sharing services that provide users with access to vehicles on-demand, without the hassle of ownership or long-term contracts.
The shift towards electric transportation is also evident in the emergence of electric motorcycle taxis and manufacturers. With a focus on sustainability and efficiency, these electric vehicles offer an environmentally friendly alternative to traditional gasoline-powered options, especially in developing nations where air pollution is a significant concern. The integration of ecosystem integrations and efficient form of transportation is essential for the success of these emerging transportation solutions. By leveraging technology and external databases, companies can optimize their operations, improve user experience, and provide seamless connectivity between different modes of transportation.
As the transportation industry continues to evolve, C-level executives and business leaders must adapt their business strategy to meet the changing needs of consumers and the market. This includes investing in driver education, developing innovative solutions, and staying ahead of the curve in terms of technology and efficiency. In conclusion, the transportation industry is undergoing a profound transformation, driven by factors such as changing consumer preferences, technological advancements, and environmental concerns. From bike sharing to car-sharing programs, companies are innovating to provide more accessible, efficient, and sustainable transportation options for urban commuters around the world.
Moto Taxi Service Market Scope |
|
Report Coverage |
Details |
Page number |
151 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.97% |
Market growth 2023-2027 |
USD 10.84 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
8.27 |
Regional analysis |
APAC, Europe, Middle East and Africa, South America, and North America |
Performing market contribution |
APAC at 57% |
Key countries |
US, Indonesia, Vietnam, 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., iDisha Info Labs Pvt. Ltd., Limobike Ltd., Mopedo, Pathao Ltd., PT GoTo Gojek Tokopedia Tbk, Roppen Transportation Services Pvt. Ltd., and Uber Technologies Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the 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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Service
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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