Asia-Pacific Two-Wheeler Taxi Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Asia-Pacific Two-Wheeler Taxi Market is segmented by Vehicle Type (Motorcycle and scooter), by Service type (Pay as You Go, Subscription-Based), and by Country (China, India, Japan, Thailand, Vietnam, and the Rest of Asia-Pacific). The report offers the market size and forecast in value (USD Million) for all the above segments.

APAC Two-Wheeler Taxi Industry Overview

Asia-Pacific Two Wheeler Taxi Market_Overview
Study Period: 2018 - 2028
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: 25 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

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APAC Two-Wheeler Taxi Market Analysis

The Asia-Pacific Two-Wheeler Taxi market was valued at USD 202 Million in 2021 and is projected to grow to 770.57 Million by 2027, registering a CAGR of 25% in terms of revenue during the forecast period.

The pandemic has adversely affected the two-wheeler taxi market. with lockdowns and restricted moments the demand for two-wheeler taxis. The increased risk associated with crowded places with social distancing measures has hurt the growth of the market as the preference of the customers has shifted towards personal vehicles. However, the country across the region are recovering and witnessing stable growth in the economy. Owing to the post-pandemic, ride-sharing services are gaining rapid pace across the region. 

Over the medium term, Two-Wheeler taxis are majorly used in the Asia-Pacific region, as compared to the other parts of the world. Over the past three years, motorcycle/bike taxis have been witnessing a slow rate of growth, due to cultural and societal challenges, like sitting behind strangers and rider safety. However, the above challenges are likely to reduce, owing to the ongoing regulatory amendments in the taxi industry across several Asian countries like Vietnam, India, Thailand, and other nations.

Many start-ups have entered the two-wheeler taxi market in different countries, but very few companies have achieved success in this business. Rapido, which operates in India, is a good example of a successful bike taxi player.

Ease of commute in congested traffic and lower fares have been the primary driving factors of this market's growth, and it is anticipated to increase in the coming years, owing to the above trends and the ongoing plans of launching bike taxis in potential markets, like Vietnam, Thailand, and others.

APAC Two-Wheeler Taxi Industry Segments

Two-Wheeler taxis are used to carry a passenger from one place to other. Two-Wheeler taxi service is cheaper than taxi services. 

The Asia-Pacific two-wheeler taxi market is segmented into vehicle type, service type, and country.

Based on the vehicle type, the market is segmented into motorcycles and scooters. 

Based on the service type, the market is segmented into Pay as You Go, and Subscription-Based. 

Based on the country, the market is segmented into China, India, Japan, Thailand, Vietnam, and the Rest of the Asia-Pacific. 

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

By Vehicle Type
Motorcycle
Scooter
By Service Type
Pay as You Go
Subscription-Based
By Country
China
India
Japan
Thailand
Vietnam
Rest of Asia-Pacific

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APAC Two-Wheeler Taxi Market Trends

This section covers the major market trends shaping the APAC Two-Wheeler Taxi Market according to our research experts:

Growing Demand of Two - Wheeler Taxis

The demand for two-wheeler taxis is growing, as these are cheaper and faster than cab services. Ease of riding motorcycles in congested traffic, rising middle-class family income, and low charges when compared with cabs are expected to drive the Asia-Pacific taxi market.

With the growing use of smartphones, the development of wireless infrastructure backed by the presence of 4G services, and the advancements in information and communication technology (ICT), traditional services have been upgraded to provide a wide variety of real-time and demand-responsive trips. Service providers such as Uber, Ola, Grab, and Rapido, amongst others, have provided a smartphone-based platform to link riders with community drivers.

Internet penetration, rise in the standards of living, and the emergence of local players are slowly shifting the landscape. Over the forecast period, the rising demand and the market scenario are expected to be graphically different and in favor of on-demand transportation services.

The two-wheeler mobility landscape is undergoing a dynamic change, with bike taxi space reporting double-digit growth. Bike taxis saw a growth of around 10% on a month-on-month basis in 2021 as compared to 2020. This is because they are much more affordable than cabs and provide easy maneuvering in traffic congestion.

Keytrend1

India is expected to lead the Two – Wheeler Taxi Market

India is the second-most populous country in the world, and most of the people fall under the middle-class category and utilize two-wheelers and auto-rickshaws (local three-wheeler taxis) for commuting short distances. Bike taxis are more affordable than cabs and can zip through congested roads, they are popular among millennials. On average, a bike taxi ride costs INR 60-70, whereas a cab ride costs INR 150 - 200 for the same distance.

In tier, I towns, two-wheeler taxi services are used frequently for last-mile connectivity. In Gurugram, for instance, one out of every two UberMoto trips begin or end at a metro station; in Noida, the same is true for one out of every four UberMoto trips.

In spite of concerted efforts to enhance public transportation in urban areas, personal vehicle usage has increased throughout India. The use of paratransit vehicles like bike taxis, which can serve a larger number of commuters than a private vehicle, is encouraged by city administrations. While bike taxis are common in some Indian cities, state laws and policies restrict their use elsewhere in the country. Bike taxis are a cost-effective and convenient mode of transportation that must be encouraged through a regulatory framework that includes safety features and prevents misuse in the face of growing congestion in cities.

In tier II cities and beyond, bike taxi services are popular because of the lack of public transport infrastructure. With the efforts of the public and private sectors, Thailand is expected to significantly improve energy efficiency in urban transportation, this is likely to witness major growth for the market across the country.

Bike taxis are common in many Southeast Asian nations, including Cambodia, Thailand, Indonesia, and Vietnam,due to their low prices and quick travel times. In Indonesia, bike taxis, also known as ojek in the local language, are popular because they save time and money in the midst of the massive traffic congestion in the cities. 

Vietnam is another country where two-wheeler taxis are witnessing rapid growth due to the high ownership of two-wheelers. Ho Chi Minh is located in the southern region of Vietnam and is one of the most motorcycle-dependent cities, with 680 motorcycles per 1000 habitats. In 2014, the introduction of Grab brought an exponential increase of 50,000 drivers from 100 drivers. The main users of motorcycle taxis belong to the middle- and low-income level population. Such services are mainly used for medium distances (5–10 km), especially by students and workers.

In the coming years, in order to meet the growing demand for mobility, a number of major cities have already begun to offer more public transportation options at reasonable prices.Due to their utility in terms of time and cost for certain types of travel, paratransit vehicles like bike taxis may be considered as an additional mode of transportation that gives the urban economy a boost.

Keytrend2

APAC Two-Wheeler Taxi Market Competitor Analysis

The Two-Wheeler Taxi Market is led by a few players which include Uber Technologies Inc., GOJEK Ltd., ANI Technologies Pvt. Ltd., (OLA), Rapido Ltd., GrabTaxi Holdings Pte. Ltd., etc. Reputed players such as Ola, Uber, Rapido, etc are expanding their business by launching their services in more cities and across the country. For instance,

  • In September 2021, Grab Philippines announced that it had partnered with Move It to develop its motorcycle ride-hailing service. Move It will continue to provide motorcycle rides through its app, but the partnership with Grab will expand the market for its riders.

APAC Two-Wheeler Taxi Market Top Players

  1. Uber Technologies Inc.

  2. ANI Technologies Pvt. Ltd., (OLA)

  3. Grab Holdings Inc,

  4. Roppen Transportation

  5. Gojek tech

*Disclaimer: Major Players sorted in no particular order

Asia-Pacific Two Wheeler Taxi Market - CL.png

APAC Two-Wheeler Taxi Market Recent Developments

  • In May 2022, the Electricity Generating Authority of Thailand (EGAT), The Stallions Company Limited (Stallions) of Thailand, and Dongguan Tailing Electric Vehicle Company Limited (TAILG) of China signed a partnership to launch public-private electric mobility in motorcycle taxis in Thailand.
  • In May 2022, A pilot project for electric motorcycle taxis in Thailand was jointly launched on Thursday by the Thai government and the United Nations Environment Program (UNEP).In a collaborative research project and as demonstration cases, roughly fifty electric motorcycles donated by the Chinese company TAILG will be used as green motorcycle taxis.nd.
  • In March 2021, Rapido launched an electric bike taxi service, under a partnership with Zypp Electric, a last-mile delivery provider. The new E-taxi called Rapido EV, which started in Delhi, India.

APAC Two-Wheeler Taxi Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD Million)

    1. 5.1 By Vehicle Type

      1. 5.1.1 Motorcycle

      2. 5.1.2 Scooter

    2. 5.2 By Service Type

      1. 5.2.1 Pay as You Go

      2. 5.2.2 Subscription-Based

    3. 5.3 By Country

      1. 5.3.1 China

      2. 5.3.2 India

      3. 5.3.3 Japan

      4. 5.3.4 Thailand

      5. 5.3.5 Vietnam

      6. 5.3.6 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 Uber Technologies Inc.

      2. 6.2.2 GOJEK Ltd.

      3. 6.2.3 ANI Technologies Pvt. Ltd., (OLA)

      4. 6.2.4 GrabTaxi Holdings Pte. Ltd.

      5. 6.2.5 Madhatters Voyage Pvt Ltd.

      6. 6.2.6 Roppen Transportation(Rapido)

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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APAC Two-Wheeler Taxi Market Research FAQs

The Asia-Pacific Two-Wheeler Taxi Market is studied from 2018 - 2028.

The Asia-Pacific Two-Wheeler Taxi Market is growing at a CAGR of 25% over the next 5 years.

The Asia-Pacific Two-Wheeler Taxi Market is valued at 202 Million USD in 2018.

The Asia-Pacific Two-Wheeler Taxi Market is valued at 770 Million USD in 2028.

Asia-Pacific is growing at the highest CAGR over 2018 - 2028.

Asia-Pacific holds highest share in 2021.

Uber Technologies Inc., ANI Technologies Pvt. Ltd., (OLA), Grab Holdings Inc, , Roppen Transportation, Gojek tech are the major companies operating in Asia-Pacific Two-Wheeler Taxi Market.

Asia-Pacific Two-Wheeler Taxi Industry Reports

In-depth industry statistics and market share insights of the Asia-Pacific Two-Wheeler Taxi sector for 2020, 2021, and 2022. The Asia-Pacific Two-Wheeler Taxi research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Asia-Pacific Two-Wheeler Taxi report PDF.

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