Moto Taxi Service Market Performance, Trends & Strategies

Moto Taxi Service Market Insights, Forecast and Competitive Strategies

The moto taxi service market is poised for significant growth from 2024 to 2034, driven by increasing urban congestion, rising demand for affordable and convenient transportation, and the expansion of app-based ride-hailing services in emerging economies.

Introduction

The moto taxi service market is a prominent sector of the automotive services industry. This industry deals in providing motorcycle-based taxi services for consumers around the world. These services are provided by several providers consisting of motorbike drivers, ride-hailing companies, motorbike taxi operators and others. There are various types of services provided by this sector including on-demand services, pre-booked services, subscription-based services and others. It finds applications in commuting, delivery and tourism. The rapid urbanization in different parts of the world coupled with rising traffic congestions has contributed to the industrial expansion. This market is expected to rise significantly with the growth of the ride-sharing industry around the globe.

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• According to the worldometers, around 75% of the people of Europe lived in urban areas in 2024.

Highlights of the Moto Taxi Service Market

• Asia Pacific held the dominant share of the moto taxi service market due to the growing traffic congestions in different countries such as China and India.
• North America is expected to grow with a significant CAGR due to the rising government initiatives to curb pollution in this region.
• The e-hailing segment dominated the market due to the availability of e-hailing applications in iOS and android platform.
• The passenger segment led the market due to the increasing preference of daily commuters towards eco-friendly transportation.

Moto Taxi Service: Trend, Stats and Figures

• Several moto taxi companies are launching new platforms for enhancing the ride-sharing experience of the consumers. For instance, in February 2024, Marti launched a new ride-hailing platform. This platform is designed for Turkish consumers to enjoy hassle-free ride-hailing experience.
• The government of various countries are launching initiatives to improve the infrastructure of moto taxi services in different parts of the globe. For instance, in December 2024, the government of Malawi announced an initiative regarding moto taxi. This initiative is launched for regulating moto taxis across the country.
• According to the Autoinsurance, Uber held 76% share of the ride-sharing industry in the U.S. followed by Lyft and other companies.
• According to the eBikes Organization, around 77.2 million e-bikes are expected to be sold globally by 2030.

Industry Leader Announcement

In September 2024,” Thomas Dubaele, the owner of LA Taximoto made an announcement stating,” We're thrilled to launch LA Taximoto and bring a faster, more exciting way to navigate LA. Our passion is helping people reclaim their time, beat the traffic, and enjoy a truly unique experience."

Competitive Landscape

The moto taxi service market is a highly competitive industry with the presence of several dominating players. Some of the prominent market players in this industry consists of Rapido, GOJEK, Pathao Ltd., Uber Technologies Inc., Wunder Mobility, ANI Technologies Pvt. Ltd., Bolt Technology OU, SafeBoda, Grab and some others. These market players are constantly engaged in providing superior moto taxi services for maintaining their dominance in this industry.

• According to the annual report of Grab Holdings, the revenue of the company in 2022 was US$ 1433 million in 2022 that increased to US$ 2359 million in 2023.

Market Segmentations

By Type

• Ride Sharing
• E-hailing

By Application Type

• Passenger
• Load

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa