Taxi & Limousine Services in the US industry trends (2015-2020)

poll Average industry growth 2015–2020: 3.9%

The Taxi and Limousine Services industry provides transportation via taxis, limousines and other automobiles. Industry services are not completed along a single route or schedule. Demand for industry services has flourished over the past five years, as growth in the US economy drove corporate expense accounts higher and prompted everyday consumers to spend more on small conveniences and luxuries, such as taxi and limousine rides. Industry operations have been significantly affected by the proliferation of ride-sharing platforms, such as Uber and Lyft. While these major technology companies are not relevant to this industry themselves, the self-employed drivers that organize pickups and deliveries via these e-hailing platforms a… lock

Taxi & Limousine Services in the US industry outlook (2020-2025)

poll Average industry growth 2020-2025: x.xlock

Growing demand from corporate travelers, tourists and private households is expected to stimulate expansion of the Taxi and Limousine Services industry over the five years to XXX. Industry operators provide discretionary services that can be substituted when economic conditions are unfavorable, so taxis and limousines rely heavily on consumer and business spending, both of which are expected to rebound over the next five years. Industry revenue growth is anticipated to boom in XXX in particular as demand for industry services is somewhat restored and the United States economy returns to growth. Industry operators are also expected to benefit from the continued proliferation of e-hailing technologies, which will enable a substantial number of nonemplo…lock

Taxi & Limousine Services in the US industry statistics

  •  Market Size: $25bn
  •  Number of Businesses: 1,151,425
  •  Average Industry Profit Margin: x.x% lock
  • Industry Employment: 1,217,094

Biggest companies in the Taxi & Limousine Services industry in the US

This industry has no major players with a market share of greater than 5%.

  • Dav El | BostonCoach Chauffeured Transportation Network Market Share: x.x% lock
  •  Carey International Inc. Market Share: x.x% lock
  •  Air Brook Limousine Market Share: x.x% lock
  •  Uber Technologies Inc. Market Share: x.x% lock

What is Taxi & Limousine Services industry in the US?

Industry Definition

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.

Industry Products and Services

  • Taxi and taxi leasing services
  • Stretch limousine services
  • Luxury and corporate sedan services
  • Hearse rentals and other funeral services
  • SUV, large van and other services

Industry Activities

  • Providing limousine services
  • Providing luxury sedan services
  • Providing chauffer and personal driver services
  • Providing corporate sedan services

Market research report – table of contents

About this Report

Industry Definition

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.

Main Activities

Providing limousine services
Providing luxury sedan services
Providing chauffer and personal driver services
Providing corporate sedan services

Similar Industries

Additional Resources

Industry at a Glance

Industry Statistics Snapshot

Industry Structure

Executive Summary

Industry Performance

Key External Drivers

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

Current Performance

COVID-19 pandemic
Strong downstream demand
Technology-driven change
Fuel and wage costs
 Chart: Revenue Growth

Industry Outlook

Changing technology
Increased demand
Profit and participation
 Table: Taxi & Limousine Services Industry in the US Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking – Taxi & Limousine Services Industry in the US Industry Lifecycle vs The Economy

Products and Markets

Supply Chain

Key Buying Industries

Sports Franchises in the US
Racing & Individual Sports in the US
Non-Hotel Casinos in the US
Hotels & Motels in the US
Consumers in the US

Key Selling Industries

Automobile Wholesaling in the US
Used Car Parts Wholesaling in the US
Gas Stations in the US
Auto Mechanics in the US
Car Body Shops in the US

Products & Services

Taxi and taxi leasing services The Taxi and Limousine Services industry’s largest operating segment is composed of taxi transportation and taxi leasing s…

Corporate customers
Individual consumers earning between $50,000 and $100,000 per year
Individual consumers earning between $10,000 and $50,000 per year
Individual consumers earning less than $10,000 per year

Demand Determinants

A wide range of factors determines demand for taxi and limousine services. These include trends in per capita disposable income, tourist volumes, levels o…

Major Markets

Corporate customers
Individual consumers earning between $50,000 and $100,000 per year
Individual consumers earning between $10,000 and $50,000 per year
Individual consumers earning less than $10,000 per year
 Chart: Major Market Segmentation for the Taxi & Limousine Services Industry in the US Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Competitive Landscape

Market Share Concentration

The Taxi and Limousine Services industry is characterized by a very low level of market share concentration, with the industry’s four largest players acco…

Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Taxi & Limousine Services Industry in the US

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Taxi & Limousine Services Industry in the US Industry

Industry Globalization

Major Companies

The Taxi & Limousine Services in the US industry has no major companies. Get the full report to find out why.

Operating Conditions

Capital Intensity

The industry is relatively labor intensive, so wages account for a larger proportion of the industry’s total revenue than capital expenditure. In 2020, fo…

 Chart: Level of Capital Intensity for the Taxi & Limousine Services Industry in the US Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Key Statistics

Table: Industry data Table: Industry Data for the Taxi & Limousine Services Industry in the US Industry

Industry Revenue (2001-2026)
Industry Gross Product (2001-2026)
Establishments (2001-2026)
Businesses (2001-2026)
Employment (2001-2026)
Exports (2001-2026)
Imports (2001-2026)
Wages (2001-2026)
Percentage of services conducted online (2001-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

Jargon & Glossary

LIMO BUS

MEDALLION

STRETCH LIMOUSINE

TOWN CAR

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Included in Report

  • Our reports include 15+ pages of data, analysis and charts, including:
  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter’s 5 Forces Analysis

VIEW ALL RELATED REPORTS MARKET SIZE STATISTICS FOR TAXI & LIMOUSINE SERVICES IN THE US

Why buy this report on the Taxi & Limousine Services Industry in the US?

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 Taxi & Limousine Services Industry in the US:

  • 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 of 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 Taxi & Limousine Services Industry in the US 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

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