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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

The Taxi and Limousine Transport market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 - Industry SWOT Analysis Chapter

The industry is in the mature phase of its economic life cycle. Industry value added, which measures the industry's contribution to the overall economy, is forecast to grow at a compound annual rate of 2.0% over the 10 years through 2020-21. This growth is lower than the rate of Australian GDP growth over the same period, which is forecast to grow at a compound annual rate of 2.8%. This indicates that the industry is growing at a slower rate than the overall economy, which is characteristic of a mature industry.

Over the period, industry services have remained generally unchanged. Differentiation in services does exist in smaller segments, such as prestige services, wheelchair-accessible taxis and limousines and wedding cars... 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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