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Taxi & Limousine Services in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Taxi & Limousine Services in Canada Market Research Report | NAICS 48533CA | Jul 2016

Smooth ride: Technology will aid revenue, but strict regulations may limit overall growth

IBISWorld’s Taxi & Limousine Services 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.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
1.9%
Annual Growth 16-21
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Profit
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Employment
46,314
Businesses
22,233
Industry Analysis & Industry Trends

The Taxi and Limousine Services industry is in cruise control, exhibiting stable growth after a slight bump in the road caused by the aftermath of the recession. Increased consumer spending and corporate profit have pushed up industry demand over the past five years, as consumers and businesses alike loosened their purse strings to again indulge in travel services. Over the next five years, the industry will continue to grow, as the Canadian economy resumes growth. However, industry growth will continue to be restricted by heavy regulation on the taxi segment of the industry and ongoing regulatory scrutiny of ride-hailing transportation networks... purchase to read more

Industry Report - Industry Analysis Chapter

The Taxi and Limousine Services industry is in cruise control, exhibiting stable growth after a slight bump in the road caused by the aftermath of the recession. Increased consumer spending and corporate profit have pushed up industry demand, as consumers and businesses alike loosened their purse strings to again indulge in travel services. More recently, however, the economy has slowed due to weaker oil prices, resulting in economic contraction in oil-producing provinces such as Saskatchewan. Tourism spending in Canada has increased, due in part to the slide in the Canadian dollar. Over the five years to 2016, industry revenue is anticipated to expand at an annualized rate of 1.9% to $2.1 billion... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Taxi & Limousine Services Industry?

This industry provides passenger transportation by taxi and limousine. Taxi services are not operated on regular schedules or routes and limousine services are rented or hired with a driver. This does not include transporting passengers to or from hotels and airports using buses or vans.

Industry Products
Taxi servicesLuxury and corporate sedan servicesStretch limousine services
 
Industry Activities
Providing limousine servicesProviding luxury sedan servicesProviding chauffer and personal driver servicesProviding corporate sedan services


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