Australia Taxi Market Size and Share Outlook: Forecast Trends and Growth Analysis Report (2024-2032)

The Australia taxi market comprises various vehicle types such as cars, motorcycles etc. The taxi market has seen tremendous growth in recent times due to individuals becoming more conscious about the carbon emissions produced by their vehicles which compelled them to use taxis for daily commutes.

Furthermore, to promote the usage of taxis, the government of Australia has created a scheme named as Taxi User Subsidy Scheme (TUSS) in which a subsidy of around 75% in taxi fares is given to individuals with a disability travelling through the same. According to the Bureau of Infrastructure and Transport Research Economics Statistical Report, with the increase in the registration of commercial vehicles in Australia from around 3,661,145 in 2021 to around 3,816,084 in 2022, the taxi services in the country are also increasing, further indicating the Australia taxi market growth.

Australia Taxi Market Trends

As per the Australia taxi report, the demand for taxis is increasing due to the various advantages provided by the taxis to the passengers including 24/7 availability, and convenience. Moreover, the ride-sharing options have created a major impact on the Australia taxi market growth due to the reduction of traffic congestion and lowering of carbon emissions in the environment.

Furthermore, the introduction of self-driving air taxis in South East Queensland as a result of the partnership of the Council of Mayors and Wisk Aero will create economic opportunities in Queensland further resulting in the Australia taxi market growth. The introduction of self-driving robotaxis by the partnership of Transport for New South Wales with Motional will create a major impact on the Australia taxi market.

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Based on the service type, the Australia taxi market is led by ride-sharing

Ride-sharing is mostly preferred over ride-hailing by individuals as it provides various advantages to the passengers including a reduction in the traffic congestion on the streets thus saving their time to reach their destination. It also reduces carbon emissions in the environment and helps passengers to get social interactions with fellow passengers.

Based on the vehicle type, the Australia taxi market is driven by cars

Australia taxi market growth is being guided by the increased use of taxis in the form of cars as it helps passengers to travel comfortably without getting late due to the traffic congestion. Moreover, ride-sharing is quite easy in the case of cars as compared to motorcycles thus allowing passengers to share the ride fare and helping them to reach their destinations early.

Online booking dominates the Australia taxi market

Online booking holds a major Australia taxi market share. Due to the increase in the taxi ride through online booking apps, it is becoming easy for passengers to book the ride. The increase in the launch of the new apps and collaborations of the taxis with companies such as Uber has resulted in market growth as individuals can easily book taxis with the same level of safety that they experience while booking other ride services from the apps.

Other Australia bicycle market key players are Gm Cabs, A2B Australia Limited, Taxi Apps Pty Ltd., Silver Top Taxi Pty Ltd., Black and White Cabs Pty Ltd., and Ladies Let’s Roll Pty Ltd., among others.

Australia Taxi Market Analysis by Region

According to the Australia Bureau of Statistics, with the increase in the number of short-term visitors arriving in Australia, the usage of taxis has also increased. This furthermore indicates the Australia taxi market growth. For instance, in New South Wales, the number of short-term visitors arriving in December 2023 was around 351.76 thousand which was far larger than those who arrived in November 2023 i.e. 255.67 thousand. This shows that the number of visitors arriving in Australia is proportional to the taxi usage by the individuals which further drives the Australia taxi market.