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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 | Sep 2015

Smooth ride: Technology will facilitate connectivity, potentially helping profit

The Taxi & Limousine Services 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
$3bn
Annual Growth 10-15
3.6%
Annual Growth 15-20
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Profit
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Employment
41,442
Businesses
18,725
Industry Analysis & Industry Trends

Increased consumer spending and impressive growth in corporate profit over the past five years have helped the Taxi and Limousine Services industry out of a rough patch. The industry is highly reliant on discretionary spending, and when the economy faltered during the recession, demand for nonessential segments of the industry, such as luxury limousine and town car services fell heavily, as many consumers traded down to relatively less-expensive taxi services. In the coming years, the industry's structure is not expected to fundamentally change, however, technological innovations will facilitate connectivity between drivers and customers, potentially helping profit margins... purchase to read more

Industry Report - Industry Products Chapter

Taxi services

The largest segment in the Taxi and Limousine Services industry is taxi services, accounting for about two-thirds of total revenue. Taxi income is derived from the fares earned after a taxi is hailed or booked. In many cases, customers do not choose a particular taxi, but patronise the first in the taxi rank, or hail the first taxi that passes.

Most fleet owners employ drivers as independent contractors who keep earnings (fares plus tips) minus leasing charges and fuel. In return, fleet owners may provide a strong brand and centralized reservation system, among other benefits. Most leasing drivers and owner-operators of taxis obtain nearly all of their revenue from private taxi fares... 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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