Hitching a ride: The growing popularity of car-sharing constrains industry revenue growth

IBISWorld’s Taxi and Limousine Transport market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Annual Growth
2012 - 2017
Annual Growth
2017 - 2022

Industry Threats & Opportunities

  • Due to the taxi segment’s highly regulated nature, the rate of change in pricing and participation is low.

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    Industry Analysis & Industry Trends

    Intensifying external competition has 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 transport providers such as UberX, which is currently excluded from the industry. Industry revenue is forecast to rise modestly by an annualised 1.6% over the five years through 2016-17. Over the current year, revenue is forecast to drop by 0.9%, to $5.6 billion, as competitive threats from ride-sharing services increase...

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    Industry Report - Starting a New Business Chapter

    The industry is characterised by moderate barriers to entry, most of which are due to regulation and industry operating standards. Cost can also provide a significant barrier to entry, with operators required to invest in costly licences prior to entering the industry.

    Taxi licences

    A substantial capital investment is required to buy a taxi licence. Market prices for taxi plates are volatile and change from year to year. Prices may reflect factors that affect future taxi profit, such as trends in tourist, business and consumer numbers and government-determined availability. If the licence owner wants to operate, they then need to purchase a vehicle that is approved by legislation and maintain it, adding further costs. Alt..

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    Additional Insights for the Taxi and Limousine Transport Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Taxi and Limousine Transport Industry are

  • Having links with suppliers
  • Effective cost controls
  • Highly trained workforce
  • IBISWorld analysts also discuss how external factors such as Air passenger movements through capital city airports and Total visitor nights in the Taxi and Limousine Transport industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Taxi and Limousine Transport Industry?

    Participants in this industry primarily operate taxicabs or private hire cars, or provide specialty road transport services such as wedding cars. The industry currently excludes ride-sharing services, such as UberX, as this service is yet to be fully legalised and regulated in all states and territories of Australia.

    Industry Products
    Non-booked taxi services
    Booked taxi services
    Limousine and wedding car services
    Silver service and luxury sedan services
    Wheelchair-accessible taxi services
    Industry Activities
    Hire care service (with driver)
    Road passenger transport (except bus)
    Taxi cab management service
    Taxi cab service
    Taxi radio base operation
    Leasing, hiring or renting of licensed taxi cabs

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Air passenger movements through capital city airports
  • Total visitor nights
  • Real household discretionary income
  • Taxi licensing

  • Current Performance
  • Taxi markets
  • Taxi regulation
  • Other segments
  • Chart: Revenue Growth

  • Industry Outlook
  • Technology
  • Regulation
  • Table: Taxi and Limousine Transport Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Taxi and Limousine Transport Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Travel Agency and Tour Arrangement Services
  • Consumers

  • Key Selling Industries
  • Communication Equipment Manufacturing
  • Motor Vehicle Manufacturing
  • Motor Vehicle New Parts Wholesaling
  • Motor Vehicle Wholesaling
  • Telecommunications and Other Electrical Goods Wholesaling

  • Products & Services
  • Non-booked taxi services
  • Booked taxi services
  • Silver service and luxury sedan services
  • Wheelchair-accessible taxi services
  • Limousine and wedding car services
  • Chart: Taxi and Limousine Transport Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households
  • Businesses
  • Tourists
  • Chart: Major Market Segmentation for the Taxi and Limousine Transport Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Taxi and Limousine Transport

  • Basis of Competition
  • Internal competition
  • Technology and industry structure
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Taxi and Limousine Transport Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Taxi and Limousine Transport Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Taxi and Limousine Transport Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • Stands for global positioning system, which is a satellite navigation system.
  • Maxi Taxi
  • Taxis that can be wheelchair accessible on request, have extra rear luggage space and up to 13 seats.
  • Special Purpose Vehicle License
  • Licenses allowing the provisions of booked vehicles for a specific purpose such as tours and formal events.
  • Wheelchair-Accessible Taxis
  • Vehicles that have been modified to accommodate at least one wheelchair or mobility device.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Taxi and Limousine Transport:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Taxi and Limousine Transport market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Taxi and Limousine Transport, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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