The Forecast of On-Demand Taxi Market Growth in India 2021 -2025

1
The Forecast of On-Demand Taxi Market Growth in
India 2021 -2025
In India 2013, the smartphone penetration was 6,
later it touched 28 by 2014. On the other hand,
the fabulous metro cities have reached 60-65 in
the first quarter of 2015. And the smartphone
penetration revolutionized, the revolution of the
on-demand taxi market in India began. Both Ola
and Uber have overcharge during peak hours by
surge pricing which drew huge criticism and
attention among the authorities of the transport
regulatory from
2

• 2015 to 2016 where a ride costs 3/4 X of the
  regular prices. However, in 2019, it was
  smoothed out and typically ranges between
  50-60.
• The Forecast of On-Demand Taxi Market Growth in
  India 2021 -2025
• In India, the taxi market stood at around 6.4
  billion in 2016, and it is predicted to grow at
  13.7 during 2017 2022, to reach 14.3
  billion.
• Revenue in the ride-hailing and taxi segment is
  predicted to reach more than 12 of the current
  in 2022 and 2023
• Revenue is expected to reach an annual growth
  rate (CAGR 2020-2024) 0f 19.1, results in a
  market volume of more than 30 from the present
  by 2024. (Source Statista )
• (iV) The user penetration is 21.4 in 2020 and is
  expected to hit 22.5 by 2024.
• Wrapping Up
• I Hope, you have grabbed the forecasting
  statistics of the on-demand taxi market 2021
• 2025. It is evident that starting a taxi
  booking business will reach better with high
  revenue. On the other hand, this is the reason
  behind many budding entrepreneurs launch a taxi
  booking business. For those entrepreneurs,
  Startupmart offers the best Uber Taxi Clone App
  which is 100 customizable and stuffed with
  astounding features that make you a pioneer in
  the on-demand taxi booking market.
• We Startupmart, an on-demand app development
  company providing popular website and mobile app
  clone scripts for start-ups, individuals, and
  futuristic entrepreneurs to launch their
  business in the Internets Niche Market. Our
  on-demand app development products are as
  follows.

3
Tinder Clone App Airbnb Clone App On-Demand
Doctor Booking App OTT App Development Telemedic
ine App Development Engage With Us! Call/
Whatsapp [phone] Skype
startupmart Email talktous_at_startupmart.net