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Limousine & Town Car Services - Industry Market Research Report

  • September 2016
  • 30 pages
  • Ibisworld
Report ID: 1835494

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



Abstract

Limousine & Town Car Services

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.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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