Industry Analysis & Industry Trends
After declines in business profit and disposable income limited individual and corporate expenditure on transportation, the industry is set to revive. In particular, consumer spending will revive, resulting 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
Falling demand and stricter regulations have hurt the Taxi and Limousine Services industry over the past five years. From 2008 to 2013, revenue is expected to grow at an average annual rate of just 0.8% to $9.7 billion. A steep, recession-induced decline in 2009 offset gains made during the five-year period. Despite these difficulties, 2013 is shaping up to be a better year for taxi and limousine operators, with total revenue expected to increase 1.3%. In the current year, industry revenue will benefit from greater corporate profit and increasing domestic travel.
Luxury suffers disproportionately
Poor market conditions in the corporate sector have adversely affected the industry's limousine segment, including demand for town cars and luxury sedans... purchase to read more