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 Locations Chapter
Taxi and limousine businesses require a steady supply of customers in order to operate profitably. Due to the substantial cost of licences and the running costs of vehicles, operators require their vehicle to be constantly earning revenue. As a result, the vast majority of business locations are within major cities, with the spread generally following the wider population. Establishments in the industry operate taxis, hold taxi licences, manage booking and call centres for the industry and provide maintenance and other support services.
The more populated states tend to have a greater number of taxis, with larger hubs of commerce and tourism having the highest concentrations... purchase to read more