Taxi Market Expected to Reach $592.96 Billion by 2033 with 8.93% CAGR

The global taxi market is expected to reach $592.96 billion by 2033, up from $274.6 billion in 2024, with a CAGR of 8.93%. Key drivers include rapid urbanization, ride-hailing app utilization, and demand for eco-friendly transportation. Major players like Uber, Lyft, and DiDi are leading innovation, while regional dynamics show robust expansion in Asia-Pacific and evolving markets in Africa and Latin America. Technological adoption remains crucial for maintaining competitive advantages.