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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 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 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 - Industry Investment Chapter

The industry is labour-intensive and operators are estimated to spend $30.56 on wages for every dollar spent on capital. The industry's major capital costs include the purchase of vehicles, the purchase of taxi licences, the costs of telecommunications and tracking systems, electronic transactions equipment and navigation tools. Taxis are generally on the road 24 hours per day, as operators use their capital intensively, with drivers rotating shifts. As a result, labour costs are high, comprising the largest share of industry revenue.

Vehicles are the major assets used in the industry. The relatively low value of passenger vehicles contributes to low capital expenditure within 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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