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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 | Oct 2014

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

The Taxi & Limousine Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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. Conversely, high fuel prices and increased regulations will threaten growth... purchase to read more

Industry Report - Industry Investment Chapter

The Taxi and Limousine Services Industry is labor-intensive; wages account for a much larger proportion of revenue than capital. In 2014, industry operators typically invest $0.14 of capital for every $1.00 spent on labor. Drivers earn the difference between their total revenue (fares and tips) and their expenses (lease fees and fuel). This cash wage makes up a drivers' compensation; lease drivers often do not receive paid vacation, health insurance, social security coverage, unemployment insurance or pension. Due to these conditions, and the low-skilled nature of the work, the industry traditionally attracts immigrants. During times of strong economic growth, when unemployment is low, many drivers leave the industry to work elsewhere in the economy... 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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