The global Taximeters market was valued at US$ 90 million in 2019 and it is expected to reach US$ 119.5 million by the end of 2026, growing at a CAGR of 4.1% during 2021-2026.
A taximeter is a mechanical or electronic device installed in taxicabs and auto rickshaws that calculates passenger fares based on a combination of distance travelled and waiting time.
The technical barriers of Taximeters are relatively high due to different countries or regions has their own standards, resulting in high level concentration degree. The key companies in Taximeters market are Nanjing Toyo, HALE Electronic, Shanghai Dazhong, Yazaki, Qingdao Hengxing. And the enterprises are concentrated in China, Europe and India. India is the largest producer, occupied about 38% production due to the sum of taxi and auto rickshaws, but China is the largest sales producer in taxi type products.
Global Taximeters Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Taximeters Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Pulsar, Centrodyne, Record Taximeter, ATA Electronics, Hale Electronic, Flexitron, Cygnus, Digitax, Joong Ang San Jun, Yazaki, Standard Meter Mfg. Co., National Meter Mfg. Co., Smart Technology System, Sansui, Schmidt, Beijing Juli, Nanjing Toyo, Shanghai Dazhong, Qingdao Hengxing, Shanghai Liangbiao and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-taximeters-market-research-report
Segment by Type
- LED Display
- LCD Display
Segment by Application
- Auto Rickshaws
Table of Content:
1 Taximeters Market Overview
2 Taximeters Market Competition by Manufacturers
3 Taximeters Retrospective Market Scenario by Region
4 Global Taximeters Historic Market Analysis by Type
5 Global Taximeters Historic Market Analysis by Application
6 Key Companies Profiled
7 Taximeters Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Taximeters Market Dynamics
10 Global Taximeters Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta