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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 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
$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 Analysis Chapter

The Taxi and Limousine Transport industry provides premium road transport services, transporting customers door to door. The operation of taxis accounts for the majority of industry revenue, with private hire cars, wedding cars and other niche vehicle services making up the remainder of industry activity. The taxi segment of the industry is highly regulated, limiting how the industry can respond to variations in demand. Industry revenue is forecast to grow at a compound annual 0.4% over the five years through 2014-15, with a dip in 2010-11. In 2014-15, stronger revenue growth is expected with an increase of 1.6% forecast to take revenue to $5.5 billion. Reform in the taxi segment, particularly in Victoria, has begun to shake up 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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