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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 | Aug 2015

Hail a taxi: Demand for industry services will persist, but volatile fuel costs may 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
$16bn
Annual Growth 10-15
4.1%
Annual Growth 15-20
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Profit
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Employment
309,042
Businesses
234,038
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 Key Buyers Chapter

The largest four companies in this industry are expected to generate less than 3.0% of revenue in 2015. The industry is highly fragmented and achieving economies of scale is difficult for small operators. Large entities do not generate a significant amount of revenue across regions because it requires an office, a center for repairs and a lot in each operating region, in addition to complying with various regulations across regions. Although Yellow Cab Company historically maintained a sizeable fleet of vehicles across the nation in the 1960s while under the Checker Motors Corporation, the company faced financial difficulties which led the company to split into regional entities... 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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