Industry Analysis & Industry Trends
Stagnant 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 demand for taxi services, with consumers flocking to cheaper public transport providers. Industry revenue is forecast to rise modestly, 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 $5.5 billion... 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 taxi licences, the operator of the licensed vehicle and the depot or network services provider that connects operators with customers. 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