Uploaded on Feb 18, 2021
What comes to your mind first when you want to book a taxi? If you are thinking about Uber or any other giants, then you are right. As per Statista, Uber has completed approximately 1.7 billion trips in the second quarter of 2020. A few years ago, no one would have imagined that the emergence of taxi-hailing apps will drastically change the scenario of taxi business markets. As per Statista, the revenue in the ride-hailing markets will be $1,588.2 billion US dollar (approx.) in 2024. From this, we can say that the taxi-hailing industry is going to witness an upheaval.
Ride Hailing 2021 Webinar
A Glimpse Into The Future
Ride-Hailing #2021
By: Abdul Jafar & Afajal Meman
Company: Yelowsoft Inc.
Email: [email protected], Phone: + 1
8777070459 Website:
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www.yelowsoft.com
INTRODUCTION
What comes to your mind first when you want to book a
taxi? If you are thinking about Uber or any other giants,
then you are right. As per Statista, Uber has completed
approximately 1.7 billion trips in the second quarter of
2020.
A few years ago, no one would have imagined that the
emergence of taxi-hailing apps will drastically change the
scenario of taxi business markets. As per Statista, the
revenue in the ride-hailing markets will be $1,588.2 billion
US dollar (approx.) in 2024. From this, we can say that the
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taxi-hailing industry is going to witness an upheaval.
RIDE HAILING IN
2020
Let’s start with the first topic
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“ In 2020 COVID-19 has impacted the taxi industry in the worst way possible. All the
big names that were considered as the
biggest startups of the century like Uber,
Lyft, Didi, Grab, etc are facing tough
times. This catastrophic pandemic has
disastrous results for taxi companies all
around the world.
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RIDE HAILING #2020
▰ Ride-Hailing companies started loosing their drivers
and the daily expected trips
▰ Passenger loses trust over taxi services
▰ Public transit and social distance
▰ Decline of shared mobility services
▰ Reduction in the number of taxi & private hire
drivers
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RIDE HAILING #2020
▰ Imposed of strict Covid rules to be followed by
hailing/conventional companies
▰ Private Hire & Taxi Drivers doing more delivery
services
▰ Development & usage of electric and autonomous
vehicle will be increased
▰ Ride-hailing companies relying on delivery service
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PREDICTION
#2021
Will the economy recover in 2021?
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“ Ride-hailing has already shaped mobility by introducing the idea of ‘on demand’ urban
transportation. It quickly became the
cornerstone of shared mobility, but the novel
coronavirus has sent usage plummeting.
There’s good news for ride-hailing businesses
as the World Economic Outlook forecast
report features a gradual recovery of the
world’s economy in 2021.
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PREDICTION #2021
▰ Ride-hailing is one of those businesses that are
bouncing back after the pandemic
▰ The global ride sharing market is projected to grow to
USD 117.33 billion by 2021 from USD 75.39 billion in
2020, at 55.6% Y-O-Y.
▰ Working from home becoming new normal
▰ Volkswagen to launch a ride-hailing business in Rwanda
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PREDICTION #2021
▰ Transportation Systems Management and
Operations (TSMO) are all set to integrate the MaaS
once the pandemic ends
▰ Ford aims to offer fully autonomous ride-sharing car
by 2021
▰ Launch of eco-friendly electric taxis
▰ Most of the ride hailing company will invest in
delivery service
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PREDICTION #2021
If we have a look at
the stats, then the
global ride-sharing
market size is
estimated to grow at
55.6% to reach USD
117.34 billion in 2021
from USD 75.39 billion
in 2020.
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RIDE-HAILING SAFETY MEASURES
IN
2021
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SAFETY MEASURES
If ride-hailing businesses want the riders to use their
services like before then they must establish trust among
them. Ride-hailing companies can do this by maintaining
safety measures of the highest order.
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SAFETY MEASURES
During the Between
Drivterirps to wear trips
masks, After
Before
use of a protective trip Sanitize their cars
trip
Notify user that sheet which would
between the trips
Companies will
the car is freshly separate implement
ventilated and driver & passengers.contactless
sanitized payments as it’s a
safer alternative
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“
NEW
OPPORTUNITIES
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OPPORTUNITIES #2021
▰ Investing in delivery business (Food, Grocery,
Parcel, Medicine and Cargo
▰ The usage of Bike taxi will be on hike.
▰ Ride-sharing companies to work with transit
authorities
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OPPORTUNITIES #2021
▰ Introduction of digital wallet as a payment
▰ Hype of super app
▰ It is a very good time to find loyal employees and to
promote your business as socially responsible
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“
RIDE-HAILING GIANTS -
2021 PLANS
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GRAB - Moving driver
capacity from ride-hailing to
on-demand delivery
Ming Maa (President Grab)
outlined three key focuses
for Grab in 2021: last-mile
logistics, fintech, and
merchant services.
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UBER - Food delivery,
freight and logistics
Uber’s ride-hailing business
is by far its biggest, but the
Uber Eats and Freight
businesses are growing
substantially faster after
Covid-19 and they are
expecting profit in 2021.
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GOJEK - Sustaining and stable
business in Covid and its 2021 plan
Gojek to launch option to book metered
fare taxis using its app by first half of
2021 and other plans for Singapore
include an option to book larger six- or
seven-seat vehicles and a “convenient
transport platform for corporates.
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Lyft – 2021 Plans
Lyft is taking aim at Uber's
booming food-delivery business
with a delivery service of its
own. Lyft will turn a profit by
2021 and Lyft plans to spend
$300 million on AWS through
2021
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THANK
Please contact the teamS to! discuss queries and
further discussion:
live:abdulja www.yelowsof
far_2 t.com
abduljafar@yelows +91 25
oft.com 8000683444
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