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

  • ID: 1208442
  • Report
  • Region: United States
  • 37 Pages
  • IBISWorld
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All hail: Demand from individual consumers and corporate clients will drive revenue

Taxi & Limousine Services in the US

The Taxi and Limousine Services industry, which provides a range of nonregular transportation services through vehicles such as taxicabs, limousines and luxury sedans, has experienced substantial growth over the past five years. In recent years, rising consumer spending and increased corporate profit have sparked demand for taxis and limousines. Moreover, the proliferation of ride-sharing applications, such as Uber and Lyft, has enabled a wave of nonemploying operators to enter the market, bolstering industry growth. Over the next five years, consumer spending and travel activity will continue to rise, generating steady demand for industry services.

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.

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.

Note: Product cover images may vary from those shown
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ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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