Industry Analysis & Industry Trends
After recessionary declines in business profit and disposable income limited individual and corporate expenditure on transportation, the industry is set to revive over the next five years. In particular, a boost in consumer spending will result in greater investment in taxi and limousine services. On the other hand, high fuel prices and increased regulations will threaten growth... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Taxi and Limousine Services industry is in the mature stage of its life cycle. Industry value added (IVA), which measures the industry's contribution to GDP, is expected to grow at an average annual rate of 2.6% in the 10 years to 2019. During that same period, GDP is estimated to increase 2.7% per year on average. Industry demand is typically influenced by disposable income levels corporate profit and domestic trips by US residents. All of these factors fell during the recession, but have improved since 2010, allowing the industry's IVA's growth to remain in the positive.
In major metropolitan areas taxis are a common form of transportation and there is a market acceptance of the industry's services... purchase to read more