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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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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 Investment Chapter

The Taxi and Limousine Services industry is subject to a moderate level of capital intensity. Industry operators will invest about $0.14 in the use and replacement of capital in 2016 for every $1.00 spent on labour. Labour is a prominent feature of this industry, as it is currently impossible for taxis and limousines to operate without a human behind the wheel.

Labour costs include the wages granted to those that own taxi and limousine companies and individual owner-operators who generally have their own vehicle and licence. These generate the maximum return for the investment vehicles that are operated on a 24-hour basis, especially taxis. As such, one vehicle may have two or three drivers per day, pushing up the labour cost in proportion to the capital investment... 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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