Taxi and limousine service companies offer passenger transportation
services via taxi and limousine.
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The global taxi and limousine services market was valued at $94 billion in
2017, and is expected to be driven by strategic partnerships of private transit service providers with
government. Along with this, technological development in developing countries has
helped these service provider to deliver services efficiently. Western Europe
was the largest geographic region, accounting for over 33% of the global market
share.
The taxi and limousine service market in The Business Research Company’s
report was split into two segments: mobile application based taxi services; and
other taxi services.
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The USA was the largest country in taxi and limousine service market in
2017, accounting for one-fifth of the global market share.
The top five competitors of the market are Uber, Lyft, Yellow Cab, Limo City,
and Eti Taxi Service. Uber was the biggest player in taxi and limousine service
market in 2017. It develops,
operates, and markets a ridesharing mobile application which allows consumers
to request a trip, which is routed through location services to crowd-sourced
taxi drivers. It serves customers in North, Central, and South Americas, as
well as Europe, the Middle East, Africa, and the Asia Pacific. It is based in
San Francisco, California.
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