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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Products Chapter

The industry operates within four main areas: taxis, wheelchair-accessible taxis, silver service and luxury sedans, and limousines and wedding cars.

The booked and non-booked 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

 


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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