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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 | Nov 2015

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

IBISWorld’s Taxi and Limousine Transport market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 11-16
2.0%
Annual Growth 16-21
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Profit
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Employment
73,355
Businesses
12,055
Industry Analysis & Industry Trends

Stable revenue growth 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. 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 public transport providers. Industry revenue is forecast to rise modestly, by an annualised 2.0% over the five years through 2015-16. Over the current year, revenue is forecast to grow by 2.3%, to $5.7 billion... 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. Cost can also provide a significant barrier to entry, with operators required to invest in costly licences prior to entering the industry.

Taxi licences

A substantial capital investment is required in order to buy a taxi licence. Market prices for taxi plates are volatile and change from year to year. Prices may reflect factors that affect future taxi profit, such as trends in tourist, business and consumer numbers and government-determined availability... 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
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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