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Taxi Market Expected to Reach $592.96 Billion by 2033 with 8.93% CAGR
ByAinvest
Friday, Aug 8, 2025 10:22 am ET1min read
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.
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