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Taxi & Limousine Services in the US - Industry Market Research Report

  • January 2017
  • -
  • Ibisworld
  • -
  • 35 pages

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

Abstract

Taxi & Limousine Services in the US

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.

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

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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