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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 | Jul 2014

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

IBISWorld’s Taxi and Limousine Transport market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 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. Low business and consumer confidence after the global financial crisis has suppressed demand for taxi services, as consumers flocked to cheaper public transport providers. Industry revenue is forecast to rise marginally, 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 total $5.5 billion.

The industry complements public transport and private vehicle transport by providing flexible door-to-door transport for consumers... purchase to read more

Industry Report - Starting a New Business Chapter

The industry is characterised by medium barriers to entry, the majority of which are due to regulation and industry operating standards.

Registration

To qualify to drive a taxi, hire car, luxury sedan, limousine or special occasion vehicle, individuals have to pay for training, register with state authorities and hold a current driver's licence. Depending on the state, they may also have pass assessments of their English or geographic knowledge. This hurdle is expected to become more difficult over the next five years as regulators seek to improve the quality of service in the overall industry. A high turnover of drivers over the past five years has encouraged regulators to implement changes that will make it more difficult to enter the industry... 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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