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, when smartphone 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 other features like Wi-Fi. With the advent of smartphone app-based ride sharing and e-hailing services, there has been a shift of customers from traditional medallion taxis to private taxis or For-Hire Vehicles (FHVs) over the last few years. Growing demand 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.
Read Detailed News @ https://www.techsciresearch.com/news/751-us-radio-taxi-services-market-to-grow-at-7.html
Due to high cost involved in procuring medallions and operating taxi services under medallion-based taxi model, drivers have been increasingly registering themselves with private operators such as Uber, Lyft, etc. Hence, radio taxi services market in the United States witnessed a major shift from medallion taxis to For-Hire Vehicles (FHVs), in turn swelling the fleet share of For-Hire Vehicles (FHVs) to around 70% in 2015. Uber, Lyft, Flywheel, Gett, and GoGreenRide are few of the major radio taxi providers operating in the United States. In 2015, Southeast region of the United States accounted for the highest share in the 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 radio taxi services market. Uber and Lyft have been able to attract investments in tune of USD4 billion over the last 5-6 years. With smartphone app based cab booking increasingly becoming a norm, private operators would continue to dominate the radio taxi services market in the US through 2021.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Access Complete Research Report @ https://www.techsciresearch.com/report/united-states-radio-taxi-services-market-forecast-and-opportunities-2021/617.html
“United States Radio Taxi Services Market Forecast & Opportunities, 2021” has evaluated the future growth potential of the United States radio taxi services market and provides statistics and information on market structure, size and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in the United States radio taxi services industry.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Read Detailed News @ https://www.techsciresearch.com/news/751-us-radio-taxi-services-market-to-grow-at-7.html
Due to high cost involved in procuring medallions and operating taxi services under medallion-based taxi model, drivers have been increasingly registering themselves with private operators such as Uber, Lyft, etc. Hence, radio taxi services market in the United States witnessed a major shift from medallion taxis to For-Hire Vehicles (FHVs), in turn swelling the fleet share of For-Hire Vehicles (FHVs) to around 70% in 2015. Uber, Lyft, Flywheel, Gett, and GoGreenRide are few of the major radio taxi providers operating in the United States. In 2015, Southeast region of the United States accounted for the highest share in the 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 radio taxi services market. Uber and Lyft have been able to attract investments in tune of USD4 billion over the last 5-6 years. With smartphone app based cab booking increasingly becoming a norm, private operators would continue to dominate the radio taxi services market in the US through 2021.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Access Complete Research Report @ https://www.techsciresearch.com/report/united-states-radio-taxi-services-market-forecast-and-opportunities-2021/617.html
“United States Radio Taxi Services Market Forecast & Opportunities, 2021” has evaluated the future growth potential of the United States radio taxi services market and provides statistics and information on market structure, size and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in the United States radio taxi services industry.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
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