Industry Analysis & Industry Trends
Intensifying external competition has 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 overall demand for taxi services, with consumers flocking to cheaper transport providers. Industry revenue is forecast to rise modestly by an annualised 1.6% over the five years through 2016-17. Over the current year, revenue is forecast to drop by 0.9%, to $5.6 billion, as competitive threats from ride-sharing services increase... purchase to read more
Industry Report - Industry Products Chapter
The industry operates in four main areas: taxis, wheelchair-accessible taxis, silver service and luxury sedans, and limousines and wedding cars.
State governments regulate the booked and non-booked taxi segment of the industry, which has a web-like ownership structure. Typical taxi segment participants include taxi licence owners, licensed vehicle operators and the depot or network services providers that connect operators with customers. These roles are fluid and frequently overlap, particularly in smaller markets. Many taxi owners and operators that subcontract licensed taxis to drivers characterise the industry. The drivers are required by regulation to offer a standardised product with set fares, and to share revenue with the owner or operator of the taxi licence... purchase to read more