Australia Radio Taxi Market to Grow at Brisk Rate During Forecast Period
Decreasing vehicle
ownership and increasing smartphone and internet penetration to drive Australia
radio taxi market through 2024
According
to TechSci Research report, “Australia Radio Taxi Market By Vehicle Type, By
User, By Payment Mode, By Region, Competition, Forecast & Opportunities,
2024”, Australia radio taxi market is anticipated to
witness significant growth during the forecast period on account of high
penetration of smartphones and emergence of 4G internet services. Moreover, radio
taxi offers access to transportation without incurring the cost of ownership of
the vehicle, which is further anticipated to drive the growth of Australia radio
taxi market during the forecast period.
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Australia
radio taxi market can be segmented based on vehicle type, user, payment mode and
region. On the basis of vehicle type, the market can be segmented into
hatchback, sedan, SUV and luxury. SUV is one of the major segments in the
market on account of their high demand in the country. On the basis of payment
mode, the market can be bifurcated into cash and online. Online payment method
is gaining traction and the segment is poised to grow at an impressive rate in
the forthcoming years as well owing to cashbacks and discounts on online
payments.
Uber Australia Pty Ltd, Ola Australia Pty Ltd,
Bolt (Taxify), GM Cabs Australia, Black & White Cabs Pty Ltd., DiDi, Gocatch,
among others are the leading players operating in Australia radio taxi market. The
companies operating in the market are using organic strategies such as product
launches, mergers and collaborations to boost their share in the market. In
2018, ride hailing giant DiDi was launched in Melbourne and Brisbane of
Australia.
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“Radio taxi market in Australia is anticipated to grow at a double-digit
CAGR on account of increase in cost of vehicle ownership backed by rising fuel
prices and reduction in car ownership. Additionally, rising mobile phone
internet users backed by surging demand for smartphones are further contributing
to the growing share of ride hailing companies in Australia.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Australia Radio Taxi Market By Vehicle Type, By
User, By Payment Mode, By Region, Competition, Forecast & Opportunities,
2024” has
evaluated the future growth potential of Australia radio taxi market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Australia radio taxi market.
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