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 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.
The largest segment in the Taxi and Limousine Services industry is taxi services, which makes up more than 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