First Research US Industry Profile

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Taxi & Limousine Services
SIC Codes: 4119, 4121
NAICS Codes: 4853
Last Quarterly Update: 5/13/2019
Companies in this industry provide passenger transportation by automobiles not operated over regular routes or on regular schedules. No major companies dominate.
The global taxi and limousine industry is highly fragmented, with service levels and practices varying greatly from country to country. Activity and revenue are concentrated in major cities throughout the world. Large cities in affluent countries such as Japan, the UK, and the US have strictly regulated markets and relatively high fares.
The US taxi and limousine services industry includes about 8,400 establishments (single-location companies and units of multi-location companies) with about $7 billion in combined annual revenue.
Competitive Landscape
Taxi and limousine revenue is driven by business and leisure travel. The profitability of individual companies depends on good marketing. Small companies can effectively compete with large ones because there are few economies of scale in operations. The US industry is fragmented: the top 50 companies account for about 30% of industry revenue.
Major competition is coming from ride-sharing services, which are accessed through mobile apps that connect riders with independent drivers who use their own vehicles. Such businesses include Uber and Lyft, which after only a few years in business have begun to place intense pressure on the traditional taxi model. Goldman Sachs forecasts the global ride-hailing industry to be worth about $285 billion by 2030, compared to about $36 billion in 2017. The value of the taxi industry was forecast to decline from about $108 billion to about $71 billion over the same period.
Products, Operations & Technology
Both taxis and limousines transport passengers after being dispatched per customer request or reservation. Taxi cabs also pick up passengers that hail ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

02/11/2019
11/05/2018
08/06/2018
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07/24/2017
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01/16/2017
10/10/2016
07/11/2016
04/11/2016
01/11/2016
10/05/2015
06/29/2015
03/30/2015
01/05/2015
10/06/2014
07/14/2014
04/21/2014
01/27/2014
10/21/2013
07/29/2013
05/06/2013
02/11/2013
11/05/2012
08/13/2012
05/28/2012
03/05/2012
11/14/2011
08/15/2011
05/02/2011
01/31/2011
10/18/2010
07/26/2010
04/19/2010
01/25/2010