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Limousine & Town Car Services: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Limousine & Town Car Services Market Research Report | NAICS OD5622 | Sep 2016

Smooth ride: Improved demand will allow operators to upgrade their services, raising profit margins

IBISWorld’s Limousine & Town Car Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 11-16
4.1%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
239,153
Businesses
196,582
Industry Threats & Opportunities
  • Increases in disposable income and consumer confidence have bolstered industry revenue
  • The industry comprises mainly nonemploying owner-operator businesses
  • Corporate travelers account for over half of the industry's demand
  • ... purchase to read more

Industry Analysis & Industry Trends

The Limousine and Town Car Services industry has shifted up a gear as the economy continues to recover from the worst recession in nearly a century. The industry has been helped by growing per capita disposable income and rising consumer confidence, leading many consumers to, once again, spend on luxury car services rather than less-expensive alternatives, such as taxis. The industry comprises a small number of fleet owners and an army of independent owner-operators and is expected to continue on the road to prosperity, buoyed by broad-based economic growth over the next five years... ... purchase to read more

Industry Report - Industry Locations Chapter

Population trends determine the locations of the Limousine and Town Car Services industry's establishments. As such, major metropolitan regions have an abundance of industry participants. Populations tend to trend toward employment opportunities, so the greater the concentration of the population for any particular region, the more businesses are likely to be present. With corporations being the largest market segment, the industry thrives in regions such as the Southeast, West, and Mid-Atlantic, which have large populations and a high number of businesses and account for 15.5%, 15.3% and 36.0% of total industry establishments, respectively. California and New York are populous states with large metropolitan areas and account for the largest share of GDP in the country. As .. ... purchase to read more

Additional Insights for the Limousine & Town Car Services Industry

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

  • Ability to pass on cost increases
  • Must comply with government regulations
  • Access to secure revenue
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Corporate profit in the Limousine & Town Car Services industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Limousine & Town Car Services Industry?

    This industry comprises establishments primarily engaged in providing an array of specialty and luxury passenger transportation services via limousine or luxury sedans, generally on a reserved basis. These establishments do not operate over regular routes or on regular schedules.

    Industry Products
    Luxury and corporate sedan servicesStretch limousine and limo bus servicesVans and shuttle bus servicesSUV services
     
    Industry Activities
    Providing limousine servicesProviding luxury sedan servicesProviding chauffeur and personal driver servicesProviding corporate sedan servicesProviding automobile rental with a driver


    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
  • Per capita disposable income
  • Corporate profit
  • Number of mobile internet connections
  • Domestic trips by US residents
  • World price of crude oil
  • Current Performance
  • Technology revitalizes industry
  • Industry structure
  • Growth and profitability
  • Chart: Revenue Growth
  • Industry Outlook
  • Improved operating conditions
  • Higher fuel costs
  • Technology
  • Operators and wages
  • Table: Limousine & Town Car Services Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Limousine & Town Car 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
  • Luxury and corporate sedan services
  • Stretch limousine and limo bus services
  • Vans and shuttle bus services
  • SUV services
  • Other
  • Chart: Limousine & Town Car Services Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Corporate travelers
  • Private Consumers
  • Tourists
  • Other
  • Chart: Major Market Segmentation for the Limousine & Town Car Services Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Wages
  • Profit
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Limousine & Town Car Services
  • Basis of Competition
  • Internal Competition
  • External Competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Limousine & Town Car 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 Limousine & Town Car 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 Limousine & Town Car Services Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Corporate Profit (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Chauffeur
  • A person employed to drive a passenger motor vehicle.
  • Stretch Limousine
  • A luxury passenger vehicle with an extremely long wheel base.
  • Town Car
  • A luxury corporate sedan that is the most commonly used limousine and chauffeured car in the United States.

  • 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 Limousine & Town Car 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 Limousine & Town Car 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 Limousine & Town Car Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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