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 Products Chapter
The industry operates within four main areas: taxis, wheelchair-accessible taxis, silver service and luxury sedans and also limousines and wedding cars.
The taxi segment of the industry is regulated by state governments and has a web-like ownership structure. Typical taxi segment participants include the owners of the taxi licences, the operator of the licensed vehicle, the depot or network services provider that connects the taxi with customers and the driver. These roles are fluid and frequently overlap, particularly in smaller markets. The segment's structure can be characterised by a large number of taxi owners and operators that subcontract licensed taxis to drivers... purchase to read more