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Taxi and Limousine Transport in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Taxi and Limousine Transport Market Research Report | ANZSIC I4626 | Jan 2015

Regulatory road: Reform in the taxi segment has begun to shake up the industry

IBISWorld’s Taxi and Limousine Transport market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 10-15
0.4%
Annual Growth 15-20
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Profit
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Employment
71,356
Businesses
11,805
Industry Analysis & Industry Trends

Stagnant revenue growth and heavy regulation have characterised the Taxi and Limousine Transport industry over the past five years. While industry services are well accepted across most demographics, they are discretionary and easily substituted. Weak discretionary income growth, fluctuating consumer sentiment and high household savings rates over the past five years have suppressed demand for taxi services, with consumers flocking to cheaper public transport providers. Industry revenue is forecast to rise modestly, by an annualised 0.4% over the five years through 2014-15. Over the current year, revenue is forecast to improve by 1.6%, to $5.5 billion... purchase to read more

Industry Report - Industry Products Chapter

The industry operates within four main areas: taxis, wheelchair-accessible taxis, silver service and luxury sedans and also limousines and wedding cars.

The taxi segment of the industry is regulated by state governments and has a web-like ownership structure. Typical taxi segment participants include the owners of taxi licences, the operator of the licensed vehicle and the depot or network services provider that connects operators with customers. These roles are fluid and frequently overlap, particularly in smaller markets. The segment's structure can be characterised by a large number of taxi owners and operators that subcontract licensed taxis to drivers... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Taxi and Limousine Transport Industry?

Participants in this industry are primarily involved in operating taxicabs or private hire cars, or providing specialty road transport services such as wedding cars.

Industry Products
Non-booked taxi servicesBooked taxi servicesLimousine and wedding car servicesSilver service and luxury sedan servicesWheelchair-accessible taxi services
 
Industry Activities
Hiring out car with driverOther road passenger transport service provisionTaxicab management Taxicab service provisionTaxi radio base operationTaxi base operation


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