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Taxi & Limousine Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Taxi & Limousine Services Market Research Report | NAICS 48533 | Feb 2016

Hail a taxi: Demand for industry services will persist, but volatile fuel costs may threaten progress

IBISWorld’s Taxi & Limousine Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 11-16
3.3%
Annual Growth 16-21
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Profit
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Employment
312,138
Businesses
236,148
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 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 2.4% in the 10 years to 2021. During that same period, GDP is estimated to increase 2.3% 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 have improved since 2011, enabling 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. However, license quotas and slow population growth rates have limited industry growth... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Taxi & Limousine Services Industry?

Companies in this industry provide passenger transportation via automobiles. Taxi services are not operated on regular schedules or routes, and limousine services are rented or hired with a driver. This does not include transporting passengers to or from hotels and airports using buses or vans.

Industry Products
Taxi servicesLeasing to taxi operatorsLuxury and corporate sedan servicesStretch limousines, SUVs, vans
 
Industry Activities
Providing limousine servicesProviding luxury sedan servicesProviding chauffer and personal driver servicesProviding corporate sedan services


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