Taxi operation revenue in France 2010-2022
France has endured a long history of economic protectionism and nowhere is this more evident than in the country’s Taxi industry. In fact, when Uber entered Europe and indeed France, it faced severe resistance from incumbent taxi companies who saw it as unfair competition and cited reasons such as licensing and safety rules, to restrict its growth. The French government also launched a few state-funded mobile platforms in an effort to help traditional cabs compete more effectively with Uber. The country’s taxi industry is expected to register a marginal decline during the period 2016-2022.
Ride-hailing to witness strong growth
In line with the global trend, the ride-hailing market in France is also expected to witness robust growth over the short to medium term, increasing from 1.3 billion U.S. dollars in 2017 to 3 billion in 2023. Uber is not the only company driving market growth with indigenous companies such as Chauffeur-Prive, which changed its name to Kapten in February 2019 and Heetch, also recording impressive numbers. However, one area of concern is the frequency of usage with two surveys taken in 2018 and 2015 showing sparing use by a large number of people.
Ride-hailing to witness strong growth
In line with the global trend, the ride-hailing market in France is also expected to witness robust growth over the short to medium term, increasing from 1.3 billion U.S. dollars in 2017 to 3 billion in 2023. Uber is not the only company driving market growth with indigenous companies such as Chauffeur-Prive, which changed its name to Kapten in February 2019 and Heetch, also recording impressive numbers. However, one area of concern is the frequency of usage with two surveys taken in 2018 and 2015 showing sparing use by a large number of people.
