ASEAN Taxi Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The ASEAN Taxi Market Report is Segmented by Booking Type (online Booking and Offline Booking), Vehicle Type (motorcycles, Cars, and Other Vehicle Types (vans), Service Type (ride-Hailing and Ride-Sharing), and Countries (Philippines, Malaysia, Thailand, Singapore, and the Rest of ASEAN).

ASEAN Taxi Market Size

ASEAN Taxi Market Summary
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ASEAN Taxi Market Analysis

The ASEAN Taxi Market size is estimated at USD 24.38 billion in 2025, and is expected to reach USD 34.84 billion by 2030, at a CAGR of 7.4% during the forecast period (2025-2030).

The COVID-19 pandemic hurt the market. With social distancing norms in place, the demand for shared mobility and ride-hailing services drastically reduced in the region. Furthermore, the lockdown norms implemented in this region deteriorated the demand for the taxi market by significant margins.

Consumers were unwilling to invest heavily in commodities that were only used for a short time. As a result, the taxi services industry expanded. Booking Taxis do not require maintenance and are widely available at low prices. A lack of parking spaces in congested cities and other forms of traffic congestion drives the ASEAN region's growth.

Various factors, including population rise and economic growth, make the ASEAN countries the fastest and most attractive economic market to investors. The ASEAN region includes already developed countries like Singapore, Thailand, Malaysia, and Indonesia, while developing countries with low per capita revenue, like Vietnam and The Philippines, also see a massive Taxi demand.

The rise of electric cars providing the same utility as any taxi with the added benefit of reduced ill effects on the environment is also becoming popular amongst the developing ASEAN countries. Many young engineers and entrepreneurs with experience in design and innovation see the E-Taxis industry as a massive opportunity, especially in the ASEAN markets.

ASEAN Taxi Industry Overview

The ASEAN taxi market is hugely fragmented, with various startups and regional players such as Grab, Gojek, TADA, and RYDE. Although to have the edge over their competitors, the major taxi companies are making joint ventures and partnerships to launch newer products. For instance,

In January 2022, Singapore's Sea is exploring mobility services by incorporating a cab-hailing service into the Indonesian version of its e-commerce software, Shopee. Shopee users may now use their app to hail taxis from Blue Bird, Indonesia's top taxi operator, thanks to a new feature unveiled last week. The recent addition reinforces the two companies' existing business ties. Earlier this year, the digital payment service ShopeePay was accepted as a payment method on Blue Bird rides, and the taxi company's logistics service was introduced as a courier option for Shopee's e-commerce operation.

ASEAN Taxi Market Leaders

  1. gojek

  2. Grab

  3. TADA

  4. Ryde

  5. Uber Inc

  6. *Disclaimer: Major Players sorted in no particular order
ASEAN Taxi Market Concentration
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ASEAN Taxi Market Developments

  • October 2023: Green and Smart Mobility (GSM) company, which is the brand owner of VinFast, announced that the company would soon introduce electric cars under the taxi fleet across the ASEAN region with a prime focus on Laos and Cambodia by Q1 2024.
  • February 2022: The government of the Philippines is expected to expand motorcycle taxi pilot programs in anticipation of increased demand for ride-sharing and public transport in the country after the gradual opening up of the market from the COVID-19 pandemic. This effort from the government is expected to increase demand in the coming years.
  • February 2022: The Penyatuan Pemain Industri Pengangkutan Darat Malaysia (PPDM), representing the interests of taxi drivers, called for a government-backed nationwide e-ride-hailing platform. If such a program is started in the country, the demand for private taxi service providers and online platforms will significantly reduce; however, the supply of services will remain unaffected.

ASEAN Taxi Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Increasing Demand From Online Channel
  • 4.2 Market Restraints
    • 4.2.1 Increasing Traffic Problems And Reliability Issues
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market share in USD)

  • 5.1 Booking Type
    • 5.1.1 Online
    • 5.1.2 Offline
  • 5.2 Vehicle Type
    • 5.2.1 Motorcycles
    • 5.2.2 Cars
    • 5.2.3 Other Vehicle Types
  • 5.3 Service Type
    • 5.3.1 Ride Hailing
    • 5.3.2 Ride Sharing
  • 5.4 Country
    • 5.4.1 Philippines
    • 5.4.2 Malaysia
    • 5.4.3 Thailand
    • 5.4.4 Singapore
    • 5.4.5 Rest of ASEAN

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share**
  • 6.2 Company Profiles*
    • 6.2.1 Grab Holdings Inc.
    • 6.2.2 PT Gojek
    • 6.2.3 TADA
    • 6.2.4 Ryde
    • 6.2.5 Uber Technologies, Inc.
    • 6.2.6 Didi
    • 6.2.7 Lyft Inc.
    • 6.2.8 Public Cab Sdn. Bhd.
    • 6.2.9 Blue Cab Malaysia

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Autonomous Flying Taxis
**Subject to Availability
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ASEAN Taxi Industry Segmentation

The taxi market refers to the industry and business sector providing transportation services to passengers in hired vehicles, commonly known as taxis or cabs. Taxis are a form of public transportation where individuals or groups can hire a vehicle, typically owned and operated by a taxi company or an independent driver, to transport them to a specific destination.

The ASEAN taxi market is segmented by booking type, vehicle type, service type, and country. By booking type, the market is segmented into online and offline booking. By vehicle type, the market is segmented into motorcycles, cars, and other vehicle types, van. By service type, the market is segmented into ride-hailing and ride-sharing. By countries, the market is segmented into the Philippines, Malaysia, Thailand, Singapore, and the rest of ASEAN.

For each segment, the market sizing and forecast have been done based on value (USD).

Booking Type Online
Offline
Vehicle Type Motorcycles
Cars
Other Vehicle Types
Service Type Ride Hailing
Ride Sharing
Country Philippines
Malaysia
Thailand
Singapore
Rest of ASEAN
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ASEAN Taxi Market Research FAQs

How big is the ASEAN Taxi Market?

The ASEAN Taxi Market size is expected to reach USD 24.38 billion in 2025 and grow at a CAGR of 7.40% to reach USD 34.84 billion by 2030.

What is the current ASEAN Taxi Market size?

In 2025, the ASEAN Taxi Market size is expected to reach USD 24.38 billion.

Who are the key players in ASEAN Taxi Market?

gojek, Grab, TADA, Ryde and Uber Inc are the major companies operating in the ASEAN Taxi Market.

What years does this ASEAN Taxi Market cover, and what was the market size in 2024?

In 2024, the ASEAN Taxi Market size was estimated at USD 22.58 billion. The report covers the ASEAN Taxi Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the ASEAN Taxi Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

ASEAN Taxi Industry Report

Statistics for the 2025 ASEAN Taxi market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. ASEAN Taxi analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

ASEAN Taxi Market Report Snapshots

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ASEAN Taxi Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)