United States Radio Taxi S ervices Market Forecast and Opportunities , 2021

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

I n d u s t r y B r i e f

2

US Radio Taxi Services Market to Grow at 7%

Increasing demand for radio taxis by passengers and tourists along with growing penetration of radio taxis in remote areas tofuel growth in United States radio taxi services market

According to the recently released TechSci Research report, “United States Radio Taxi Services Market Forecast &Opportunities, 2021’’, radio taxi services market in the United States is forecast to grow at CAGR of around 6.6% during 2016- 2021. Traditional medallion taxis were the most commonly used taxi services in the United States until 2009, whensmartphone app based radio taxi service providers such as Uber, Lyft, etc. revolutionized the radio taxi market in the country.These radio taxi services offer high end features such as real time monitoring of availability of cabs using GPS and otherfeatures like Wi-Fi. With the advent of smartphone app-based ride sharing and e-hailing services, there has been a shiftof customers from traditional medallion taxis to private taxis or For-Hire Vehicles (FHVs) over the last few years. Growingdemand for radio taxis in the country can be attributed to rising demand from individual as well as corporate customers,coupled with increasing disposable income levels of consumers.

Due to high cost involved in procuring medallions and operating taxi services under medallion based taxi model, drivers havebeen increasingly registering themselves with private operators such as Uber, Lyft, etc. Hence, radio taxi services market inthe United States witnessed a major shift from medallion taxis to For-Hire Vehicles (FHVs), in turn swelling the fleet share ofFor-Hire Vehicles (FHVs) to around 70% in 2015. Uber, Lyft, Flywheel, Gett, and GoGreenRide are few of the major radio taxiproviders operating in the United States. In 2015, Southeast region of the United States accounted for the highest share inthe overall fleet of radio taxis in the country, followed by Northeast region, and Midwest region.

“The market share of For-Hire Vehicles (FHVs) in the US radio taxi fleet is increasing as large number of venture capitalists,private equity firms and angel investors, both of domestic and international origin, are investing in the United States radiotaxi services market. Uber and Lyft have been able to attract investments in tune of USD4 billion over the last 5-6 years. Withsmartphone app based cab booking increasingly becoming a norm, private operators would continue to dominate the radiotaxi services market in the US through 2021.”, said Mr. Karan Chechi, Research Director with TechSci Research, a researchbased global management consulting firm.

© TechSci Research

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T a b l e o f C o n t e n t

S. No. Contents

1. Research Methodology

2. Analyst View

3. United States Radio Taxi Services Business Model

4. United States Radio Taxi Services Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value & Volume

4.2. Market Share & Forecast

4.2.1. By Company

4.2.2. By End User (Individuals, Corporates and Tourists)

4.2.3. By Payment Mode (POS Machines, Cash and Vouchers)

4.2.4. By Vehicle Type (Sedans, Vans and Others)

4.2.5. By Region

5. United States Radio Taxi Investors Analysis

6. United States Radio Taxi Tariff/Fare Structure Analysis

7. Market Dynamics

7.1. Drivers

7.2. Challenges

8. Market Trends & Developments

8.1. Ease of Access Using Radio Taxi Apps

8.2. Huge Investment Opportunities

8.3. Growing Penetration in Small Counties

8.4. High Demand from Corporate Sector

© TechSci Research

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T a b l e o f C o n t e n t

S. No. Contents

8.5. Improving Accessibility of Radio Taxis

9. Policy & Regulatory Landscape

10. United States Economic Profile

11. Competitive Landscape

11.1. Uber Technologies Inc.

11.2. Lyft Inc.

11.3. Flywheel Software Inc.

11.4. GoGreenRide Inc.

11.5. Gett

11.6. Dallas Yellow Cab Co.

11.7. Flash Cabs

11.8. Broadway Cab

11.9. NY One LLS Inc.

11.10. Blacklane

12. Strategic Recommendations

13. About Us & Disclaimer

© TechSci Research

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R e s e a r c h M e t h o d o l o g y

Baseline Methodology:

For the purpose of this study, TechSci Research gathered information through Delphi technique i.e. multiple rounds of

telephonic interviews were conducted with radio taxi operators, taxi commissions and associations in the United States.

The technique was implemented as the information available was limited through secondary sources such as annual

reports, paid databases (Hoover’s etc.), press releases and news articles. The information thus gathered through primary

interviews was cross-verified through industry experts to arrive at meaningful results. Actual figures may show a

maximum deviation of ±5% to the figures included in the report.

Report Sections Approach

Market SizeWhile analyzing each section for radio taxi services market for the United

States, TechSci Research interviewed radio-taxi companies. Further,

TechSci Research interviewed around 75 officials of leading radio taxi

companies, around 20 state taxi commissions and associations. All the

information gathered was carefully analyzed, and data points that exhibited

high deviations from the majority estimates were eliminated as outliers and

the remaining refined data points were put together to arrive at the final

data points for the report.

Business Model

Investors Analysis

Fare Analysis

Companies/Association & Commissions Interviewed

Taxi & Limousine Commission (NYC), Washington DC TaxicabCommission, USA Cab Co., Red Top Cabs, Super Shuttle, Yellow CabCompany of DC, Yellow Cabs of Houston, Go Green Ride, Taxicab,Limousine & Paratransit Association (TLPA), Yorktown Taxi,International Association for Transportation Regulators, SanFrancisco Cab Drivers Association, etc.

Sources :

Economic Intelligence Unit (EIU), Hoovers, Business Week, Company Annual Reports, Factiva, News Articles, etc.

© TechSci Research

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S a m p l e D a t a - S n a p s h o t

United States Radio Taxi Services Business Model

Share, By Type, By Volume, 2015 & 2021F

For-Hire Vehicles, 50.00%

Medallion Taxis,

50.00%2015 2021F

For-Hire Vehicles, 50%

Medallion Taxis, 50%

United States Radio Taxi Services Market Size, By Value

(USD Billion), By Volume (Thousand Unit), 2011-2021F

10 20 30 40 50 60 70 80 90 100 110100 110 120 130 140 150 160 170 180 190 200

2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F

Value (USD Billion) Volume (Thousand Units)

United States Radio Taxi Services Market

Share, By Company, By Value, 2015-2021F

15% 16% 17% 18% 19% 20% 21%

6% 7% 8% 9% 10% 11% 12%

30% 28% 26% 24% 22% 20% 18%

46% 45% 44% 43% 42% 41% 40%

2015 2016E 2017F 2018F 2019F 2020F 2021F

Medallion Taxis

Uber

Lyft

Others (FHV Companies, Limousine Operators, Acceessible Cab Providers, etc.)

United States Radio Taxi Services Market Share,

By Vehicle Type, By Volume, 2015-2021F

6% 7% 8% 9% 10% 11% 12%

30% 28% 26% 24% 22% 20% 18%

46% 45% 44% 43% 42% 41% 40%

2015 2016E 2017F 2018F 2019F 2020F 2021F

Sedans Vans Others

United States Radio Taxi Services Market

Share, By Region, By Volume, 2015 & 2021F

Washington

MontanaOrego

nIdaho

California

Nevada Utah Color

ado

Oklahoma

Texas

New Mexic

o

Arizona Alaba

ma

Louisiana

Mississippi

Arkansas

Tennessee

Georgia

Florida

North Caroli

naSouth Caroli

na

Kentucky

Virginia

Maine

Vermont New

Jersey

Pennsylvania

New York

Connecticut

Maryland

Nebraska

Kansas

Ohio

Michigan

South Dakot

a

Missouri

Iowa

Wisconsin

Minnesota

Illinois India

na

Wyoming

Midwest

West

Northeast

Southwest

Southeast

2015: X% 2021F: X%

2015: X% 2021F: X%

2015: X%2021F: X%

2015: X% 2021F: X%

2015: X% 2021F: X%North

Dakota

R e p o r t O r d e r i n g

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Report Name: United States Radio Taxi Services Market Forecast and

Opportunities, 2021

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TechSci Research is a global market research and consulting company with offices in Canada, India and the UK. TechSci Research

provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on

improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both

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and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

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Disclaimer

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can changewithout notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage ofthe same for purpose other than internal will require prior approval of TechSci Research.

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