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 | Mar 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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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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.

Taxi 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


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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