What is Taximeters?
A taximeter is installed to calculate passenger fare. It is mechanical or electrical devices installed in auto rickshaws and taxicabs. Passenger fares are calculated on the basis of distance travelled and waiting time. It automatically shows the fare due. They are made up of metal or plastic body with LED or LCD display. Many of leading providers has programmed their taximeters which shows multiple tariffs and any tariff requirements including a calendar-controlled area. This enhanced internal memory offers an advanced totals option which is displayed on the meter. This all access are beneficial to drivers to provide fare charges. Hence, technological advancements are impacting on the positive manner. Further, preference towards public transports driving the demand for passenger vehicle’s and eventually of taximeters.
The market study is broken down, by Application (Taxi, Auto Rickshaws and Others) and major geographies with country level break-up.
The market of taximeter is expected to grow with rising demand of public transport. Auto rickshaws and taxis are using taximeter having technological features to provide fare trip charges to customers. Thus, various companies are operating in the market to provide technologically advanced taximeters. The market is highly fragmented owing to presence of major players. This market players are gaining attention owing to raised demand. However, new entries have created rivalry in the market.
Cygnus Automotive (United Kingdom), A.T.A. Automatisme et Techniques Avancées (France), Aquila Electronics Ltd (United States), Digitax Electronics (United Kingdom), HAC Micros Ltd (United Kingdom), Flexitron (India), AB System Solutions Ltd (United States), N&J Pitt (Taximeter Services) Ltd (United Kingdom), Viking Electronics (United States), Taximeter Sales & Services Ltd (United Kingdom) and HALE electronic GmbH Eugen-Mülle (Austria) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Joong Ang San Jun (China), Shanghai Dazhong (China) and Pulsar Technologies Pvt.Ltd (India).
AdvanceMarketAnalytics has segmented the market of Global Taximeters market by Type, Application and Region.
On the basis of geography, the market of Taximeters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material of Meter Body, the sub-segment i.e. Steel will boost the Taximeters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Chanel, the sub-segment i.e. Online will boost the Taximeters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Display Type, the sub-segment i.e. LED will boost the Taximeters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Inclination of Public Transport Compared To Private Transport Has Been Raised
- Growing Expenditure of Automobile Industry with Rising Demand for Passenger Vehicles like Auto, Taxi
- Increasing Public Transport Expenditure
- Inclination towards Providing Fair Transportation Services
- Advancements in Technologies such as Electric Platforms Has Created Ample Opportunities
- Strict Regulatory Norms Regarding Fares
- Availability of Alternatives like GPS Applications, Mobile Data Terminals
Key Target AudienceTaximeters Manufacturers, Taximeters Suppliers/Distributor, Components & Material Body Suppliers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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