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Taxi Market to Reach $120.89 Bn, Globally, by 2027 at 12.3% CAGR: Allied Market Research


 by Booking Type (Online Booking and Offline Booking), Service Type (Ride-hailing and Ride-sharing), and Vehicle Type (Cars, Motorcycle, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global taxi industry generated $69.18 billion in 2019, and is expected to generate $120.89 billion by 2027, witnessing a CAGR of 12.3% from 2020 to 2027.
Download Research Report (240 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/10930
Prime determinants of growth
Increase in demand for ride-hailing and ride-sharing services, surge in demand from online taxi booking channels, and rise in cost of vehicle ownership drive the growth of the global taxi market. However, improvement in public transportation and varying government regulations on taxi services in different countries restrain the market growth. On the other hand, development of robo-taxies and emergence of eco-fr ....

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OEMs in Automotive Electric Power Steering Market Leverage Motor Control Technologies to Meet Safety in Next-gen Automotive: TMR


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ALBANY, N.Y., March 1, 2021 /PRNewswire/ Electric power steering (EPS) for automotive is technological advancement over traditional EPS both in relation to the energy efficiency and operation of vehicles. EPS is gaining traction as smart steering assistance technology among OEMs, helping them incorporate advanced driver-assistance systems (ADAS). The automotive electric power steering market has evolved steadily over the years, with key force generating demand for more safety in vehicles. An assortment of EPS control units and semiconductor technologies have enriched the landscape of the automotive EPS. Automotive component manufacturers around the world are leaning on developing cost-effective motor control system for automakers. Recently emerging control programs in next-gen automotive are increasingly tilted toward EPS-MCU integration. ....

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