Learn about actual and potential costs
How much should I pay for Taxicab Services?
What is the average price of Taxicab Services?
This procurement report includes pricing information to help you purchase Taxicab Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Taxicab Services been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Taxicab Services yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Taxicab Services?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Taxicab Services with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
Market share concentration in the taxicab services market is low, with the top four major players generating less than 30.0% of total revenue in 2020. The market is highly fragmented with over 200,000 providers, including taxicab companies, owner-operators and ridesharing companies. Most of these companies are small, private enterprises. Of... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
What is the average age of the vehicles in your fleet?
How often does your fleet receive maintenance and repair services?
Does your fleet include hybrid or fuel-efficient vehicles?
Has the age of your fleet impacted your level of service? If so, how?
Do you plan to upgrade your fleet in the near future? If so, how do you expect the upgrade to influence your level of coverage or services provided?
What percentage of your revenue stems from corporations and consumers, respectively?
How do you differentiate your services between corporate clients and consumers?
How has changes in market demand due to the coronavirus impacted your company? How are you handling this change?
Have you expanded your coverage area to target new corporate clients?
When demand for services drops, as it did during the recession, what steps do you take to maintain your level of service and scope of coverage?
How has the rising popularity of ridesharing and on-demand transportation companies affected your business?
What are the benefits of using a registered taxi company over a non-registered company, such as Uber?
For ridesharing companies, what advantages does your service have over a traditional taxicab service?
What steps have you taken to further distinguish your company from competitors?
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Key elements for every RFP
What should my RFP include?
Buyers should indicate the total value of the contract, if available.
Buyers should specify any expectations they have related to frequency or method of payment
Buyers should include any requirements they have relating to additional fees, such as tips or flag drop rates.
Buyers can reference the Benchmark Price section of this report for more detailed information on pricing.
Buyers should evaluate providers based on their experience in the taxicab services market.
Buyers should consider the financial stability of providers.
Buyers should examine the quality of providers' fleet management procedures.
Buyers should evaluate providers based on their compliance with appropriate regulations.
Buyers should consider the quality and coverage of the service providers offer.
For a more detailed discussion of selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should indicate when proposals are due.
Buyers should state when contract awards will be announced.
Buyers should say when services must begin.
Buyers should specify the contract length they would prefer.
Evaluate major factors to mitigate risk
How risky is the supply chain?
On average, supply chain risk in the taxicab services market has been moderate in the three years to 2020. This level of risk reduces buyer power because it means that providers are more likely to experience increases in their input costs that will force them to raise service prices. ... Subscribe to learn more.