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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 2016

Hail damage: External competition has caused industry revenue to decline

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
$6bn
Annual Growth 12-17
1.6%
Annual Growth 17-22
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Profit
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Employment
73,510
Businesses
12,052
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 Analysis Chapter

The Taxi and Limousine Transport industry provides premium road transport services, transporting customers door to door. Taxi operations accounts for the majority of industry revenue. The taxi segment of the industry is highly regulated, which limits how the industry can respond to demand variations. Industry revenue is expected to grow by an annualised 1.6% over the five years through 2016-17, to reach $5.6 billion. However, revenue is forecast to fall by 0.9% in the current year, due to intensifying competition from external player UberX.

Taxi markets

Over the past five years, a sustained period of economic uncertainty has strongly affected consumer behaviour... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Taxi and Limousine Transport Industry?

Participants in this industry primarily operate taxicabs or private hire cars, or provide specialty road transport services such as wedding cars. The industry currently excludes ride-sharing services, such as UberX, as this service is yet to be fully legalised and regulated in all states and territories of Australia.

Industry Products
Non-booked taxi servicesBooked taxi servicesLimousine and wedding car servicesSilver service and luxury sedan servicesWheelchair-accessible taxi services
 
Industry Activities
Hire care service (with driver)Road passenger transport (except bus)Taxi cab management serviceTaxi cab serviceTaxi radio base operationLeasing, hiring or renting of licensed taxi cabs


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