Product ID: UCMIG20V2013
Report ID:
UCMIG20V2013 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The water taxi market, having achieved a valuation exceeding USD 380.9 billion in 2017, is poised for steady growth with an anticipated Compound Annual Growth Rate (CAGR) of 4% from 2018 to 2024. This expansion can be attributed to several key drivers, including urbanization, increasing tourism activities, and a growing emphasis on sustainable transportation options. Water taxis offer efficient and eco-friendly transit solutions, particularly in congested urban areas, and contribute to alleviating traffic congestion and reducing carbon emissions. Furthermore, advancements in technology are enhancing the overall passenger experience by enabling real-time booking, tracking, and payment options. As cities and tourism destinations worldwide recognize the benefits of water taxis in addressing transportation challenges and fostering environmentally conscious travel, the market presents lucrative opportunities for industry participants to innovate and expand their services while meeting the evolving demands of modern transportation.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Trucking by segment aggregation, the contribution of the Trucking in Transportation and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG20V2013