India Radio Taxi Service Market to Surge due to Increasing Adoption of Aggregator Business Model, says TechSci Research

India Radio Taxi Service Market to Surge due to Increasing Adoption of Aggregator Business Model, says TechSci Research

BURNABY, British Columbia, June 23, 2014 /PRNewswire/ --



Expanding middle class, growing per capita income and changing lifestyles to boost
radio taxi market in India



India radio taxi services market has been witnessing massive year-on-year growth since
2009. Customers are increasingly shifting from traditional black & yellow taxis to modern
Radio Taxis equipped with AC, GPS, 24x7 customer support, electronic fare meter and other
tangible and intangible features. Currently, companies operating under aggregator business
model are witnessing robust double digit growth. The growing adoption of aggregator model
is opening up the market for unorganized taxi operators to switch to organized radio taxi
services market.



According to a recently published report by TechSci Research
[http://www.techsciresearch.com ], "India Radio Taxi Services Market Forecast and
Opportunities 2019 [http://www.techsciresearch.com/2848 ]", the radio taxi services market
revenues are forecast to grow at a CAGR of about 25% during 2014-19 on account of rapid
urbanization, increasing demand from corporate sector, growing per capita income coupled
with various benefits offered by Radio Taxis such as enhanced passenger comfort and
security as well as GPS/GPRS and internet connectivity. Major Radio Taxi providers in
India include Meru Cabs, Carzonrent, ANI Technologies, and TaxiForSure.com. With major
presence in metro cities such as Delhi, Mumbai, Bangalore, Hyderabad and Chennai, these
players are now increasing their focus on expanding their service network in tier-2
cities.



"Existing and upcoming industrial hubs and corporate parks on the outskirts of metro
and tier-1 cities such as Delhi, Mumbai, Bangalore and Chennai are creating significant
growth opportunities for radio taxi operators. Moreover, young working class, in
particular, opts for radio taxis due to enhanced convenience and safety. These factors are
expected to significantly boost the radio taxi market in India over the next five years,"
said Mr. Karan Chechi, Research Director with TechSci Research
[http://www.techsciresearch.com ], a research based global management consulting firm.



"India Radio Taxi Services Market Forecast and Opportunities 2019''
[http://www.techsciresearch.com/2848 ] has evaluated the future growth potential of the
India Radio Taxi industry and provides statistics and information on market structure,
industry behavior and trends in the country's Radio Taxi market. The report includes Radio
Taxi Services market projections and demand forecasts. The report is intended to provide
cutting-edge market intelligence and help decision makers to take sound investment
evaluation. Besides, the report identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in the India Radio Taxi market.




Contact
Ken Mathews
Sales & Marketing Consultant
Contact Phone- +1-646-360-1656
Email- ken.mathews@techsciresearch.com


TechSci Research


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