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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 2014

Hailing growth: Demand for industry services will persist, but rising fuel costs will threaten progress

IBISWorld’s Taxi & Limousine Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 09-14
3.2%
Annual Growth 14-19
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Profit
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Employment
256,651
Businesses
200,309
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 Analysis Chapter

The Taxi and Limousine Services industry has been on the road to recovery over the past five years. Between 2009 and 2014, industry revenue is expected to grow at an average annual rate of 3.2% to $11.2 billion. The industry has experienced growth in each of the past five years since recording its worst performance in more than a decade in 2009, when massive declines in consumer and business spending took their toll on taxi and limousine operators. The economy's return to health has directly benefited the industry as business expense accounts have grown and as consumers have been more willing to spend on small luxuries like taxi rides. In 2014, growing corporate profit and increased domestic travel will lead to a 1.4% increase in industry revenue... 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 operatorsSpecial needs transportation servicesStretch limousine servicesLuxury and corporate sedan services
 
Industry Activities
Providing limousine servicesProviding luxury sedan servicesProviding chauffer and personal driver servicesProviding corporate sedan services


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