While revenue from ride-hailing in the United States is projected to grow over the coming years, revenue in the taxi sector is projected to shrink in the same period. In 2022, both markets still benefitted from the market rebounding following the COVID-19 pandemic. However, in 2023 the taxi sector's revenues already decreased by 0.7 percent. Meanwhile, the ride-hailing sector experienced a revenue growth of nearly 15 percent.
Ride-hailing and taxi revenue growth in the United States from 2018 to 2023 with a forecast through 2029
Ride-hailing includes platforms that let users book rides offered by drivers using their private vehicles (e.g., Uber), taxi companies that offer their services through an app (e.g., Free Now), platforms that offer shared rides (ride-pooling) with other passengers (e.g., Moia, Via).
Taxis include traditional taxi rides booked offline with taxi companies (via street-hailing or by telephone).
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Statista. (July 1, 2024). Ride-hailing and taxi revenue growth in the United States from 2018 to 2023 with a forecast through 2029 [Graph]. In Statista. Retrieved March 13, 2025, from https://www.statista.com/statistics/1421835/ride-hailing-and-taxi-revenue-growth-united-states/
Statista. "Ride-hailing and taxi revenue growth in the United States from 2018 to 2023 with a forecast through 2029." Chart. July 1, 2024. Statista. Accessed March 13, 2025. https://www.statista.com/statistics/1421835/ride-hailing-and-taxi-revenue-growth-united-states/
Statista. (2024). Ride-hailing and taxi revenue growth in the United States from 2018 to 2023 with a forecast through 2029. Statista. Statista Inc.. Accessed: March 13, 2025. https://www.statista.com/statistics/1421835/ride-hailing-and-taxi-revenue-growth-united-states/
Statista. "Ride-hailing and Taxi Revenue Growth in The United States from 2018 to 2023 with a Forecast through 2029." Statista, Statista Inc., 1 Jul 2024, https://www.statista.com/statistics/1421835/ride-hailing-and-taxi-revenue-growth-united-states/
Statista, Ride-hailing and taxi revenue growth in the United States from 2018 to 2023 with a forecast through 2029 Statista, https://www.statista.com/statistics/1421835/ride-hailing-and-taxi-revenue-growth-united-states/ (last visited March 13, 2025)
Ride-hailing and taxi revenue growth in the United States from 2018 to 2023 with a forecast through 2029 [Graph], Statista, July 1, 2024. [Online]. Available: https://www.statista.com/statistics/1421835/ride-hailing-and-taxi-revenue-growth-united-states/
