Global Taximeters market will reach 110 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/5/16

The technical barriers of Taximeters are relatively high due to different countries or regions has their own standards, resulting in high level concentration degree. The key companies in Taximeters market are Nanjing Toyo, HALE Electronic, Shanghai Dazhong, Yazaki, Qingdao Hengxing. And the enterprises are concentrated in China, Europe and India. India is the largest producer, occupied about 38% production due to the sum of taxi and auto rickshaws, but China is the largest sales producer in taxi type products.

According to customer types, Taximeters is widely used in taxi or auto rickshaws, with LCD and LED display. In 2017, Taximeters for taxi occupied more than 87.6% of total amount.

However, the emerging ride sharing industry will play a significant role in the industry decline of Taximeters. Therefore, to some extent, the companies face the risk of sales and profit decline.

Generally speaking, the price of taximeter is very stable in these years. In China, there are about 15 player produce taximeters, but the top four (Beijing Juli, Nanjing Toyo, Shanghai Dazhong, Qingdao Hengxing) dominates the majority of total market share. In India, there are about 20 players, while the market share of them is relatively balance. In North America, Pulsar, Centrodyne, Record Taximeter are major brands. In Europe, ATA Electronics is the only local producer in France, HALE Electronic is the No.1 player in both Europe and Austria, Digitax, Flexitron and Cygnus are famous brands in Italy, Spain and United Kingdom. Joong Ang San Jun dominated South Korea market, while Yazaki is key manufacture in Japan.

The global Taximeters market is valued at 81.81 million USD in 2017 and is expected to reach 110 million USD by the end of 2025, growing at a Growth Rate of 3.77% between 2017 and 2025.

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