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Taxi & Limousine Services in New Jersey

Author.Name IBISWorld United States Last Updated: April 2025 NAICS NJ48533

Taxi & Limousine Services in New Jersey industry analysis

The Taxi & Limousine Services industry in New Jersey is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to x,xxx locations. Industry employment has increased an annualized x% to x,xxx workers, while industry wages have decreased an annualized -x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to x,xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Taxi & Limousine Services in New Jersey Market Research Report

What’s Included in the Taxi & Limousine Services in New Jersey Market Research Report

Definition of the Taxi & Limousine Services in New Jersey?

Companies in this industry provide passenger transportation via taxis, sedans, limousines and other automobiles. 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.

What’s included in the Taxi & Limousine Services in New Jersey?

The Taxi & Limousine Services in New Jersey includes providing limousine services, providing luxury sedan services, providing chauffer and personal driver services and providing corporate sedan services. Related terms covered in the Taxi & Limousine Services in New Jersey industry report includes a luxury corporate sedan used by operators in the limousine market, a luxury passenger vehicle with an elongated wheel base, an emblem of registration for a taxicab and a larger, longer and more expensive version of a regular limousine.

Industry Performance of the Taxi & Limousine Services industry in New Jersey

Benchmark the Taxi & Limousine Services in New Jersey industry performance with all NJ county and national performance.

Taxi & Limousine Services in New Jersey

#5 in Highest Revenue 5% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Taxi & Limousine Services in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Taxi & Limousine Services industry in New Jersey

See how key industry drivers, such as population, median houshold income, new business formation, consumer spending, percentage of business conducted online and domestic trips by us residents are impacting Taxi & Limousine Services in New Jersey

New Jersey Economic Indicators

Population
Median Houshold Income
New Business Formation

View more economic information in NJ State Economic profile

US Key External Drivers

Consumer spending
Percentage of business conducted online
Domestic trips by US residents

For the full list of industry drivers, see report purchase options.

County Data of the Taxi & Limousine Services industry in New Jersey

Access proprietary data on county in the Taxi & Limousine Services in New Jersey, such as Hudson County, Bergen County and Middlesex County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Taxi & Limousine Services industry in New Jersey

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Taxi & Limousine Services industry in New Jersey in 2025?

The market size of the Taxi & Limousine Services industry in New Jersey is $3.7bn in 2025.

How many businesses are there in the Taxi & Limousine Services industry in New Jersey in 2025?

There are 104,306 businesses in the Taxi & Limousine Services industry in New Jersey, which has been growing at an average annual rate of 7.3% from 2020 to 2025.

Has the Taxi & Limousine Services industry in New Jersey grown or declined over the past 5 years?

The market size of the Taxi & Limousine Services industry in New Jersey has been growing at an average annual rate of 13.8% from 2020 to 2025.

How many employees in the Taxi & Limousine Services industry in New Jersey in 2025?

There are 84,821 employees in the Taxi & Limousine Services industry in New Jersey, which has been growing at an average annual rate of 4.0% from 2020 to 2025.