-- The global POD taxi market has been segmented by applications into airports, shopping malls, eco towns, urban city developments and tourist attractions, all of which are anticipated to drive the growth of POD taxi market in upcoming years. The compact features of POD taxis or Personal Rapid Transit Systems (PRTs) such as battery driven, driverless and computer operated among others are the major factors that are estimated to fuel the growth of the market with noteworthy revenue by the end of 2021.
The global market of driverless cars is anticipated to reach USD 42 Billion by 2025 by expanding at a robust compound annual growth over the forecast period. Factors such as increasing population and growing concerns regarding public transportation in urban areas are estimated to propel the demand for POD taxis by the end of 2021.
In the regional segment, the U.S. and Canada are driving the growth of global POD taxi market in North America, making it the largest market of POD taxi which can be attributed to rising concerns regarding green fuel based vehicles in the region. Entry of major manufacturing automotive players in driverless vehicles due to expansion of automotive industry is estimated to boom the POD taxi market in regions of Europe. Further, the Asia Pacific POD taxi market is anticipated to grow with positive rate owing to rising infrastructural developments and progressive economic growth in its regions.
Rise in Population and Road Accidents to Drive the Market
The growth of the market is driven by the ecological concerns over the fatal effects of global warming and depletion of fossil fuels around the globe due to energy consumption in automobiles. Further, rising number of road accidents are believed to supplement the growth of the global POD taxi market globally. GET IN TOUCH
However, high investment cost, lack of awareness and proper infrastructure are some of the factors that are likely to inhibit the growth of the global POD taxi market in the near future.
The report titled “Global POD Taxi Market Analysis & Opportunity Outlook 2021” delivers detailed overview of the global POD taxi market in terms of market segmentation by technology, by application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. Get Holistic SAMPLE Of The Report
This report also provides the existing competitive scenario of some of the key players of the global POD taxi market which includes company profiling of SkyTran, Google, Mercedes, Vectus Ltd., Ultra Global PRT, 2getthere, General Motors, Fairwood Group, Metrino-PRT and Boeing.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global POD taxi market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. To Know More
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