United States: ride-hailing and taxi revenue growth

0While revenue from ride-hailing in the United States is projected to grow over the coming years, revenue in the taxi sector is projected to shrink over the coming years. In 2022, both markets still benefitted from the market rebounding following the COVID-19 pandemic. However, in 2023 the taxi sector's revenues are forecast to decrease by o.7 percent. Meanwhile, the ride-hailing sector is expecting a revenue growth of 6.1 percent.

Ride-hailing and taxi revenue growth in the United States from 2018 to 2022 with a forecast through 2027

Characteristic	Ride-hailing	Taxi
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Release date

October 2023

More information

Region

United States

Survey time period

2017 to 2022

Special properties

based on an October 2023 forecast which takes into acount the marketimpact of Russia's war on Ukraine.

Supplementary notes

Ride-hailing includes platforms that let users book rides offered by drivers using their private vehicles (e.g., Uber), taxi companies that offer their services through an app (e.g., Free Now), platforms that offer shared rides (ride-pooling) with other passengers (e.g., Moia, Via).
Taxis include traditional taxi rides booked offline with taxi companies (via street-hailing or by telephone).

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