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Taxicab Services in the US Procurement Price, Data and Insights
Taxicab service providers transport passengers by automobile or van and do not operate on regular routes or schedules. Taxicab drivers typically operate as independent contractors but are excluded from the total number of suppliers in the market because buyers do not purchase services directly from them. Instead, buyers normally procure services from taxicab companies. Although this report focuses on traditional taxicab companies, it also includes ridesharing companies, such as Uber and Lyft.
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What’s included in this market coverage
IBISWorld's research coverage on the Taxicab Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Taxicab Services market in the United States includes New York City, Los Angeles, Chicago, Houston, San Francisco, Miami, Dallas, Seattle, Atlanta and Boston. Standard coding in this coverage includes ISIC-5221-Service activities incidental to land transportation, NACE-49.32-Taxi Operation, NAICS-485310-Taxi service and UNSPSC-78111804-Taxicab services.
What common market terminology is included?
Common market terminology included in the Taxicab Services procurement coverage includes Meter Rate (The fare for taxi service, which includes a per-mile rate and waiting time rate.), Retrieval Rate (The rate at which taxicab companies fulfill dispatch requests for vehicles.), Medallion (A taxi license, typically issued by the state government. All registered taxis must possess a medallion. Medallions are not required for ridesharing vehicles.) and Surge Pricing (Increased pricing, often twice or more the normal fee, during peak hours or periods of high demand for ridesharing vehicles. Taxicab companies and owner-operators do not use surge pricing.).
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Taxicab Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per 5-mile trip, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Taxicab Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Taxicab Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Taxicab Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Taxicab Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Taxicab Services?
The 2026 benchmark market price for Taxicab Services is $25.78 per 5-mile trip. Prices have increased at a CAGR of 0.12 from 2023-26.
What industries supply the Taxicab Services market?
The top industries supplying the Taxicab Services market are Automobile Wholesaling in the US, Automotive Glass Manufacturing in the US, Car Body Shops in the US, Automobile Engine & Parts Manufacturing in the US, Gas Stations in the US and Petroleum Refining in the US.
What is the supply chain risk for Taxicab Services?
The fragmented supplier landscape boosts buyer negotiation leverage and pricing power . Taxicab services involve a low level of market share concentration as there are numerous local and regional vendors. The low level of market share concentration fuels competition, which allows buyers to engage in aggressive negotiations to secure better terms. Buyers can further strengthen their negotiating position by benchmarking incumbent vendors against the competition and soliciting bids from multiple vendors. However, buyers should consider the impact of local regulations that may limit entry into this market.
What factors affect the price of Taxicab Services?
Wait time affects pricing as drivers must be compensated for their time, fuel costs, and the wear and tear on their vehicles. Buyers should expect higher costs for trips with longer wait times caused by peak hours, roadwork, or poor visibility.
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