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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 2015

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

IBISWorld’s Taxi & Limousine Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 10-15
2.7%
Annual Growth 15-20
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Profit
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Employment
256,908
Businesses
200,509
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 Locations Chapter

The Taxi and Limousine Services industry is heavily skewed toward the Mid-Atlantic region as it dominates the industry in terms of number of establishments. On a per capita basis, there are disproportionately more industry establishments located in the Mid-Atlantic and New England regions than in other US regions. The Mid-Atlantic, for example, has 36.0% of industry establishments but just 15.5% of the US population. The state of New York alone has 23.2% of industry establishments and 6.2% of the population, reflecting the severe level of industry competition and market saturation of the industry services. Further demonstrating this trend, New Jersey has 7.3% of establishments and about 2.8% of the US population... 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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