The Latest Taxi Industry Statistics Explained
In 2019, the U.S. taxi industry generated revenue of 29.9 billion USD.
The statistic indicates that in 2019, the taxi industry in the United States generated a total revenue of 29.9 billion USD. This figure represents the collective income generated by all taxi companies operating in the country during that year. The revenue includes fares paid by passengers for taxi services, as well as any additional fees or charges associated with those services. This statistic provides valuable insight into the size and economic contribution of the taxi industry within the U.S. transportation sector, highlighting its financial significance and impact on the overall economy.
The number of taxi and limousine companies in the United States in 2019 was around 63,520.
The statistic that there were around 63,520 taxi and limousine companies in the United States in 2019 indicates the total number of businesses operating within this industry during that particular year. This figure provides a snapshot of the competitive landscape and diversity within the transportation sector, highlighting the significant presence of both traditional taxi services and upscale limousine providers across the country. It suggests a robust market for ground transportation services, offering consumers a wide range of options for their travel needs. This statistic serves as a useful metric for evaluating the overall size and scope of the taxi and limousine industry in the United States during the specified period.
As of December 2019, China had more than 650,000 taxis.
The statistic ‘As of December 2019, China had more than 650,000 taxis’ indicates the significant scale of the taxi industry in China as of that timeframe. With over 650,000 taxis operating in the country, it demonstrates the widespread availability and utilization of taxi services to meet the transportation needs of the population. This statistic highlights the vast urban population in China and the reliance on taxis as a popular mode of transport for both locals and tourists. The sheer number of taxis also implies a significant economic activity within the transportation sector, creating job opportunities and contributing to the overall economy.
In 2020, Uber had 93 million active platform consumers per month globally which mostly included ride hailing and taxi services.
The statistic stating that in 2020, Uber had 93 million active platform consumers per month globally primarily utilizing their ride-hailing and taxi services highlights the extensive reach and popularity of Uber’s services on a global scale. This figure indicates the significant customer base that regularly utilizes Uber’s platform for their transportation needs, showcasing the widespread adoption of the company’s services. With 93 million active consumers per month, Uber has established itself as a dominant player in the transportation industry, offering convenient and efficient solutions to a vast number of individuals around the world.
The global taxi market was valued at approximately 63 billion U.S. dollars in 2020.
The statistic indicates that the global taxi market was estimated to be worth around 63 billion U.S. dollars in the year 2020. This figure represents the total economic value generated by taxi services worldwide, accounting for factors such as fares paid by passengers, operational costs, and overall industry revenue. The valuation serves as a metric for assessing the size and significance of the taxi industry within the global economy, highlighting the substantial financial impact of taxi services on businesses, consumers, and the broader transportation sector. This statistic provides insight into the market’s scale and potential for growth, informing stakeholders and policymakers about the industry’s contribution to economic activity and employment opportunities.
In the UK, there were approximately 362,600 licensed taxi and private hire vehicles in England in 2020.
The statistic that there were approximately 362,600 licensed taxi and private hire vehicles in England in 2020 indicates the substantial presence and importance of the taxi and private hire industry in the UK. This figure reflects the significant role these vehicles play in providing transportation services to the public. The high number of licensed vehicles suggests a robust demand for taxi and private hire services in England, serving as a crucial mode of transportation for residents and visitors alike. This statistic also highlights the sizeable economic impact of the industry, creating employment opportunities for drivers and contributing to the overall mobility infrastructure in the region.
New York City’s yellow taxis took roughly 60,000 less daily trips in June 2017 than in June 2015, largely due to the rise of rideshares.
The statistic reveals a significant decline in the daily trips taken by New York City’s yellow taxis between June 2015 and June 2017. Specifically, there were approximately 60,000 fewer daily trips in June 2017 compared to June 2015. One of the main factors attributed to this decline is the emergence and growing popularity of rideshare services, such as Uber and Lyft. These rideshare services have provided consumers with an alternative and convenient transportation option, leading to a decrease in the demand for traditional yellow taxi services. This shift in consumer behavior highlights the impact of technological advancements in the transportation industry, as well as the importance of understanding and adapting to evolving market trends.
In 2020, there were 27,433 black taxi licenses in London.
The statistic reveals that in 2020, there were a total of 27,433 black taxi licenses issued in London. This data point indicates the number of official licenses granted to black taxi drivers operating in the city. Black taxis are iconic vehicles synonymous with London, known for their distinctive appearance and regulated service. The high number of licenses highlights the significant role black taxis play in the transportation system of London, providing a reliable and recognized mode of transport for locals and tourists alike. This statistic offers insight into the scale and importance of the black taxi industry within the urban environment of London.
There are over 200,000 active taxi drivers in Japan as of 2020.
The statistic ‘There are over 200,000 active taxi drivers in Japan as of 2020’ indicates that the taxi industry in Japan is substantial and plays a significant role in the country’s transportation network. With over 200,000 active taxi drivers, it suggests that there is a high demand for taxi services in Japan, both by locals and tourists. This statistic reflects the importance of taxis as a popular mode of transportation in Japan, contributing to the overall efficiency and accessibility of the transportation system in the country. Furthermore, the large number of active taxi drivers also implies that the taxi industry is a significant source of employment and economic activity in Japan.
The taxi market in India is expected to grow at a CAGR of 9.22% from 2020 to 2024.
The statement indicates that the taxi market in India is projected to experience a compound annual growth rate (CAGR) of 9.22% between the years 2020 and 2024. This means that, on average, the market size of the taxi industry in India is anticipated to increase by 9.22% annually over the specified time period. Such growth could be attributed to various factors such as increasing demand for convenient transportation services, improvements in infrastructure, technological advancements in the sector, and changing consumer preferences. The CAGR statistic serves as a helpful tool to forecast the potential growth rate of the taxi market and assists stakeholders in making informed decisions regarding investments, strategies, and market opportunities within the industry.
As of 2017, there were approximately 281,000 taxi and chauffeur licenses in France.
The statistic states that as of 2017, there were around 281,000 taxi and chauffeur licenses issued in France. This figure represents the total number of licenses granted to individuals allowing them to operate as taxi drivers or chauffeurs in the country during that specific year. These licenses are typically required to ensure that the drivers meet certain standards, such as having appropriate training, insurance, and background checks, to ensure the safety and quality of services provided to the public. This statistic provides insight into the scale of the taxi and chauffeur industry in France and gives an indication of the number of individuals engaged in these professions in the country during that period.
In Canada, there are around 50,000 taxi drivers.
The statistic “In Canada, there are around 50,000 taxi drivers” suggests that there is a considerable number of individuals working as taxi drivers in the country. This information provides insight into the size of the taxi industry in Canada and the employment opportunities it offers. The high number of taxi drivers also indicates the demand for transportation services in various Canadian cities and regions. Understanding this statistic can help policymakers, transportation authorities, and industry stakeholders to make informed decisions regarding regulations, infrastructure, and service provision to support the taxi industry and meet the transportation needs of the Canadian population.
Brazil, as of 2017, had an estimated 500,000 taxi drivers.
The statistic that Brazil had an estimated 500,000 taxi drivers as of 2017 indicates the significant presence of this occupation within the country. This high number suggests a widespread reliance on taxis for transportation, highlighting the importance of the taxi industry in serving the transportation needs of the population. The large number of taxi drivers also reflects the potential economic impact of this sector, providing employment opportunities to a substantial portion of the workforce. Additionally, this statistic may also indicate the demand for taxi services in Brazil, suggesting a need for accessible and affordable transportation options for residents and visitors alike.
In Australia, there were an estimated 22,739 taxi license holders in 2019.
The statistic states that in Australia in 2019, there were approximately 22,739 individuals who held taxi licenses. This indicates the number of people authorized to operate taxicabs and provide transportation services. Taxi licenses are typically issued by government authorities to ensure that drivers meet certain requirements and regulations to ensure the safety and quality of service for consumers. The figure of 22,739 license holders reflects the size and scope of the taxi industry in Australia, highlighting the number of individuals involved in providing taxi services across the country.
In Russia, Moscow had approximately 42,500 taxi drivers in 2020.
The statistic that in Russia, Moscow had approximately 42,500 taxi drivers in 2020 indicates the total number of individuals operating as taxi drivers in the capital city during that year. This figure represents a significant workforce within the transportation industry and reflects the demand for taxi services in a densely populated urban area like Moscow. The high number of taxi drivers suggests a thriving market for transportation services, likely driven by factors such as the city’s size, population, tourism, and commuting needs. This statistic provides insight into the scale of the taxi industry in Moscow and highlights the employment opportunities it offers to a large number of individuals in the region.
In South Africa, there are estimated to be over 150,000 taxis on the road.
The statistic that there are over 150,000 taxis on the road in South Africa indicates a significant presence and reliance on taxis as a mode of transportation within the country. This figure suggests a widespread availability of taxis to serve the transportation needs of the population, highlighting the importance of taxis in providing mobility for individuals who may not have access to personal vehicles or formal public transportation. The high number of taxis also points to a competitive industry and a substantial contribution to the economy through job creation and service provision. Additionally, the sheer volume of taxis on the road may have implications for traffic congestion and road safety, underscoring the need for effective regulation and management of the taxi industry in South Africa.
The taxi and limousine services market in the Philippines reached a value of $801.8 Million in 2022.
The statistic indicates that the total market size for taxi and limousine services in the Philippines amounted to $801.8 million in the year 2022. This figure represents the total revenue generated by all taxi and limousine service providers operating in the country during that specific time period. It showcases the significant economic contribution of the taxi and limousine industry in the Philippines, reflecting the demand for transportation services within the country. Analyzing such statistics can provide insights into the overall growth and performance of the industry, as well as the potential market opportunities and challenges that exist within the sector.
In 2019, taxi companies in Tokyo, Japan introduced a new fixed fare system where fares were up to 20% cheaper than metered taxis.
The statistic indicates that in 2019, taxi companies in Tokyo, Japan implemented a new pricing strategy for their services by introducing a fixed fare system that offered passengers fares up to 20% lower than the traditional metered taxis. This new system aimed to provide passengers with more transparent and predictable pricing, as well as potentially attracting more customers due to the lower costs compared to the variable pricing structure of metered taxis. By offering a cheaper alternative, the taxi companies likely sought to increase their competitiveness in the market and improve overall customer satisfaction through this pricing innovation.
Conclusion
Through analyzing various statistics related to the taxi industry, it is evident that the sector plays a vital role in transportation and economy. Despite facing challenges such as competition from ride-sharing services, taxi companies continue to adapt and innovate. By understanding these statistics, stakeholders can make informed decisions to drive the industry forward.
References
0. – https://www.www.ibisworld.com
1. – https://www.www.statista.com
2. – https://www.www.kenresearch.com
3. – https://www.www.technavio.com
4. – https://www.tfl.gov.uk
5. – https://www.toddwschneider.com
6. – https://www.www.gov.uk
7. – https://www.www.taxi-library.org
8. – https://www.riotimesonline.com
9. – https://www.africa.com
10. – https://www.www.japantimes.co.jp
