Industry Analysis & Industry Trends
The Taxi and Limousine Services industry has coasted on clear roads during the past five years. The economy's return to health has directly benefited the industry as business expense accounts have grown and consumers have been more willing to spend on small luxuries such as taxi and limousine rides. Moreover, increased demand from corporate travelers, tourists and private households is expected to result in the continued recovery of the industry over the next five years. However, the volatile nature of fuel prices remain a threat to the industry... purchase to read more
Industry Report - Industry Products Chapter
The Taxi and Limousine Services industry provides services for consumers and businesses. However, industry operators also lease vehicles to taxi operators and provide luxury and corporate sedan services, among other services.
The largest segment in the Taxi and Limousine Services industry is taxi services, which makes up almost half of total industry revenue. Taxi income is derived from the fares earned after a taxi is hailed or booked. Over the past decade, many employing taxi operators have attempted to build brand loyalty, which increases the value of fare earnings and reduces the fluctuations in revenue from the segment... purchase to read more