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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 | Jan 2017

Hail a taxi: Demand for industry services will persist, but volatile fuel costs may 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
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • The industry’s gradual improvement is expected to continue over the next five years
  • Improved corporate performance has encouraged spending on taxis and corporate sedans
  • The luxury sedan and limousine segments of the industry are expected to lead growth
  • ... purchase to read more

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 - Starting a New Business Chapter

Start-up costs

Barriers to entry for companies offering taxi and limousine services can vary significantly across cities and states. Moderate to high start-up costs act as one of the primary barriers to entry in the industry. These expenses typically include satisfying regulatory requirements and the cost of purchasing a taxi license (medallions), which can range from several thousand dollars in some cities to over $1.0 million for a corporate medallion in New York City. Initial costs also include purchasing a suitable vehicle, which varies based on the brand and quality of service that a particular operator hopes to provide. If,.. ... purchase to read more

Additional Insights for the Taxi & Limousine Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Taxi & Limousine Services Industry are

  • Flexibility in operations
  • Must comply with government regulations
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Domestic trips by US residents in the Taxi & Limousine Services industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Taxi & Limousine Services Industry?

    Companies in this industry provide passenger transportation via taxis, sedans, limousines and other automobilies. Taxi services are not operated on regular schedules or routes, and limousine services are rented or hired with a driver. This industry also includes limousine and hearse rentals for funeral services. However, specialized shuttle services that transport passengers to or from hotels and airports are not included in this industry.

    Industry Products
    Taxi and taxi leasing servicesStretch limousine servicesLuxury and corporate sedan servicesHearse rentals and other funeral servicesSUV, large van and other services
    Industry Activities
    Providing limousine servicesProviding luxury sedan servicesProviding chauffer and personal driver servicesProviding corporate sedan services

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Domestic trips by US residents
  • Corporate profit
  • Federal funding for transportation
  • World price of crude oil
  • Current Performance
  • Rising demand
  • Technology-driven competition
  • Oil dependence
  • Declining average wage
  • Chart: Revenue Growth
  • Industry Outlook
  • Increased spending
  • Higher fuel costs
  • Changing technology
  • Restricted growth
  • Table: Taxi & Limousine Services Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Taxi & Limousine Services Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Sports Franchises
  • Racing & Individual Sports
  • Non-Hotel Casinos
  • Hotels & Motels
  • Consumers
  • Key Selling Industries
  • Auto Mechanics
  • Automobile Wholesaling
  • Car Body Shops
  • Gas Stations
  • Used Car Parts Wholesaling
  • Products & Services
  • Taxi and taxi leasing services
  • Stretch limousine services
  • Luxury and corporate sedan services
  • Hearse rentals and other funeral services
  • SUV, large van and other services
  • Chart: Taxi & Limousine Services Industry Products and Services Segmentation
  • Demand Determinants
  • Income
  • Business travel
  • Availability of substitutes
  • Major Markets
  • Private consumers
  • Corporate customers
  • Chart: Major Market Segmentation for the Taxi & Limousine Services Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Taxi & Limousine Services
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Taxi & Limousine Services Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Taxi & Limousine Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Taxi & Limousine Services Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Consumer Spending (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Limo Bus
  • A larger, longer and more expensive version of a regular limousine.
  • Medallion
  • An emblem of registration for a taxicab.
  • Stretch Limousine
  • A luxury passenger vehicle with an elongated wheel base.
  • Town Car
  • A luxury corporate sedan used by operators in the limousine market.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Taxi & Limousine Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Taxi & Limousine Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Taxi & Limousine Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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