StockNews.AI
GM
StockNews.AI
61 days

Robo Taxis Opportunities and Strategies to 2034: Market to Grow by Almost $250 Billion - GM and Bosch Lead Strategic Acquisitions to Enhance Autonomous Ride-Hailing Innovations

1. Robo-taxi market expected to grow from $1.18 billion in 2024 to $251.03 billion by 2034. 2. Autonomous technology and electric vehicles drive significant market demand and growth. 3. North America leads the market share but Middle East and Asia-Pacific will grow fastest. 4. GM's acquisition of Cruise positions it favorably within the expanding robo-taxi market. 5. The market's potential challenges include cybersecurity and infrastructure inadequacies.

M&A
+0.23%Current Return
VS
-0.53%S&P 500
$48.0906/19 12:05 PM EDTEvent Start
$48.206/20 05:34 PM EDTLatest Updated
7m saved
Insight
Article

FAQ

Why Bullish?

GM’s strategic position in the robo-taxi market through its acquisition of Cruise could enhance future profitability. Historical instances, such as the rise of Tesla's stock after investing in EV technology, suggest potential increases in value due to advancements in autonomous and electric vehicles.

How important is it?

The article highlights the rising robo-taxi market where GM's recent strategic acquisitions present a significant opportunity, indicating that GM's involvement could meaningfully impact its stock performance and future growth.

Why Long Term?

The predicted growth of the robo-taxi market over the next decade indicates a long-term impact on GM's strategy and profitability. Companies that leverage these technological advancements can capture substantial market share, as seen with major players like Uber and Tesla.

Related Companies

TSLAFUBERLYFT
The global robo taxis market is on a trajectory to experience robust growth from $1.18 billion in 2024 to an impressive $251.03 billion by 2034, at a remarkable CAGR of 70.96% from 2029 onwards. This expansion is propelled by advancements in autonomous technology, heightened demand for shared mobility, and favorable governmental policies supporting electric vehicles and autonomous driving. North America led the market in 2024, accounting for a dominant 73.41% share, followed closely by Western Europe and Asia-Pacific. However, the Middle East and Asia-Pacific are poised to be the fastest-growing regions with CAGRs expected at 98.65% and 97.10% respectively, surpassing growth rates in established markets like North America and Western Europe. Key market dynamics include the rising implementation of connected vehicles and the continual demand for ride-hailing services. Autonomous fleet management and traffic congestion solutions further underscore the market's growth potential. Nevertheless, cybersecurity issues and infrastructure inadequacies present challenges to the accelerating market pace. The market remains concentrated, with major players including Waymo LLC, Baidu Inc., and Zoox Inc. commanding significant shares. The L4 robo-taxi segment dominates the type division, and the car segment in vehicle type holds the largest share. The electric vehicle segment, comprising nearly 80% of the market in 2024, emerges as a pivotal segment driving future prospects. Innovative advancements in the development of fully autonomous ride-hailing services and strategic collaborations are vital strategies for tapping market opportunities. Businesses are urged to invest in next-gen technology, optimize pricing strategies, and target urban commuters and tech-savvy consumers to capitalize on emerging opportunities. In conclusion, the robo taxis market exhibits robust growth fueled by technological advancements, expanding further into emerging markets with significant potential. By developing strategic partnerships and focusing on urban mobility solutions, companies can leverage this wave of transformation effectively. Major Market Trends Include: Next-Gen Robotaxis Revolutionizing Urban Mobility With Cutting-Edge Autonomous TechnologyFully Autonomous Ride-Hailing Expanding, Transforming Transportation SafetyCost-Effective and Fully Autonomous Robotaxis Transforming Urban MobilityChina Leading With First Full-Time Autonomous Ride-Hailing ServiceStrategic Partnerships Enhancing Safety and Scalability of Autonomous Robotaxis Notable Mergers and Acquisitions: General Motors (GM) Acquired CruiseRobert Bosch GmbH Acquired Five AI Reasons to Purchase Obtain a global perspective with exhaustive market coverage.Understand the market's recovery from the COVID-19 impact and future prospects.Develop regional strategies using local data insights.Identify investment-worthy growth segments.Leverage forecast data to outperform competitors by understanding market drivers and trends.Benchmark performance against key competitors.Utilize relationships between key data sets for superior strategy development.Enhance presentations with high-quality data and analysis. Report AttributeDetailsNo. of Pages326Forecast Period2024 - 2034Estimated Market Value (USD) in 2024$1.18 BillionForecasted Market Value (USD) by 2034$251.03 BillionCompound Annual Growth Rate70.8%Regions CoveredGlobal Companies Featured Waymo LLCBaidu Inc.Zoox Inc.Uber Technologies Inc.Beijing Didi Chuxing Technology Co. Ltd.Tesla Inc.EasyMile Inc.Nuro Inc.Pony.ai Inc.MOIA GmbHHyundai Motor CompanyNissan Motor CorporationNAVYA GroupDiDi GlobalRoboSense Technology Co., LtdSAIC Motor Corp., LtdAutoX IncDeeprouteToyota Motor CorporationTata ElxsiGAC Toyota Motor Co., LtdTIER IVSWMEasyMile SASVolkswagen GroupAptiv PLCZF Friedrichshafen AGNissan MotorMobileyeNvidia CorporationContinental AGRobert Bosch GmbHCabifyYandex TaxiBlacklane GmbHUber TechnologiesOxbotica LtdVolvo GroupWeRideWaymodYandex.TaxiRimac AutomobiliAptivYandex LLCHyundai MobisMotionalWaabiAvrideWaymodlFord Motor CompanyGeneral Motors CompanydBorgWarner IncNIO IncRivian Automotive IncQuantumScape CorporationFaraday Future Intelligent Electric IncMagna International IncEHangMarcopoloLume RoboticsMagneti MarelliEmpresas RevemarLoop BrasilPrimeiro DonoGrupo ProesteWe RideCruiseGeneral Motors CompanyDaimler AGLyft IncCruise LLC For more information about this report visit https://www.researchandmarkets.com/r/sjolxs About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Robo Taxis Market Robo Taxis Market Robo Taxis Market

Related News