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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 | Jul 2016

Hail a taxi: Demand for industry services will persist, but volatile fuel costs may threaten progress

The Taxi & Limousine Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 SWOT Analysis Chapter

The Taxi and Limousine Services industry is in the mature stage of its life cycle. Industry value added (IVA), which measures the industry's contribution to GDP, is expected to grow at an average annual rate of 5.3% in the 10 years to 2021. During that same period, GDP is estimated to increase 2.1% per year on average. Industry demand is typically influenced by disposable income levels corporate profit and domestic trips by US residents. All of these factors have improved since 2011, enabling the industry's IVA's growth to remain in the positive. The industry's high IVA growth rate in part reflects the rapid expansion of e-hailing and ride-sharing services over the period... 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 services, taxi leasing and other car servicesLuxury and corporate sedan servicesStretch limousines and busesSUVs and large vans
Industry Activities
Providing limousine servicesProviding luxury sedan servicesProviding chauffer and personal driver servicesProviding corporate sedan services

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