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Cab aggregators market comprises various participants that connect the customers and car drivers, using different forms of communication technology. Proliferation of smartphones and low cost internet connectivity across the globe has led to considerable growth for mobile application-based business models. Cab aggregators are among the prominent businesses that have garnered large profit margins in the recent past.

Proliferation of cab aggregators has significantly impacted unorganized transport service providers and the automotive industry

Consumers’ inclination towards owning an automotive is primarily to gain access to transportation. Increasing consumer satisfaction through these service offerings has led to significant negative impacts on automotive sales and local taxi service providers. Owing to these impacts, automotive companies are forced to consider sales strategies in accordance to cab aggregators’ presence. Chief automotive industry participants are focusing on collaborations to enhance their sales. For instance, in the recent past, in India, Ola has collaborated with Maruti, Hyundai, Nissan, and Tata to enable better loan facilities, repayment choices, and financial benefits for drivers who opt to purchase cars through its channels.

Cab Aggregators Market Taxonomy

On the basis of end use, the global cab aggregators market is classified into:

  • Inter-city
  • Intra-city
  • On-airports
  • Others

On the basis of customer types, the global cab aggregators market is classified into:

  • Business
  • Leisure

On the basis of booking type, the global cab aggregator market is classified into:

  • App-based access(Mobile)
  • Other online access
  • Offline access

On the basis of business sector, the global cab aggregator market is classified into:

  • Organized
  • Unorganized

On the basis of vehicle types, the global cab aggregator market is classified into:

  • Luxury Cars
  • Executive Cars
  • Economy Cars


Increasing demand for commuting means for business and leisure activities is expected to drive market growth

Increasing urbanization across all major economies, rampant economic development especially in the highly promising markets of India and China, and increased investments in the development of road infrastructure is expected to present strong growth prospects for the cab aggregator market participants. Other emerging economies such as India, Indonesia, Thailand, the Philippines, and Malaysia are expected to present significant growth potential over the forecast period.

Increasing requirements for daily commuting favored by inconsistency of public transport means in emerging countries will present as a growth prospect over the forecast period. Industry participants are increasingly innovating offerings such as providing competitive service costs, availing premium and luxury cars at the consumers’ doorstep, and proving services at the required time. Increasing focus of key players in the market to further enhance user experience by providing low-cost traveling options in these price-sensitive countries is expected to propel growth the cab aggregators market. However, in the recent past, significant issues regarding surge in prices and impolite driver behavior of the cabs have significantly impacted these businesses. For instance, Competition Commission of India (CCI) had reported a probe of the country’s leading cab aggregator services, Uber and Ola over surge pricing, according to the Business Standard report in 2017.

Asia Pacific is expected to witness highest growth rates over the forecast period

Market in countries such as China, Indonesia, India, and Malaysia is expected to witness significant growth over the forecast period. Consumers in these countries are inclined towards mobile solutions, which is still in its nascent stage. Moreover, companies are increasingly focusing on capitalizing opportunities through considerable investments and enhancing their offerings in these regions. For instance, in May 2017, Ola announced plans to invest US$ 2 billion in India to ply one million e-vehicles on the Ola platform by 2020. In May 2017, Uber announced plans to enhance its offerings by enabling offline booking options through SMS, WhatsApp and calls; and enhance consumer safety by providing car safety related information.

Global cab aggregators industry is consolidated with the presence of few major participants such as Uber, Lyft, Hailo, Ola, Grab Taxi, Didi Dache, Gett, LeCab, Cabify, and Bitaksi. Owing to low initial investments and large growth opportunity, large number of new entrants are expected to enter the market. New industry participants include Cabby, TenZillionCabs, HiCabs, DropTaxi and Baxi Taxi. These are expected to present considerable challenge to major players and create a competitive atmosphere in the market over the forecast period.


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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