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Taxi & Limousine Services in Canada - Industry Market Research Report

  • ID: 4062310
  • Report
  • Region: Canada
  • 33 pages
  • IBISWorld
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Smooth ride: Technology innovation will aid revenue, but strict regulations may limit overall growth

Taxi & Limousine Services in Canada

The Taxi and Limousine Services industry in Canada has experienced slight growth over the five years to 2018. 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. As a result, industry revenue is estimated to increase over the five years to 2018. The Canadian economy is expected to continue to improve over the five years to 2023, precipitating renewed business confidence and higher levels of consumer spending. During this time, demand for industry services is anticipated to increase. Uber and other similar services will likely expand moving forward, resulting in greater price competition with traditional taxi operators.

This industry provides passenger transportation by taxi and limousine. Taxi services are not operated on regular schedules or routes and limousine services are rented or hired with a driver. This does not include transporting passengers to or from hotels and airports using buses or vans.

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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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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