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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

IBISWorld’s Taxi & Limousine Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Key Buyers Chapter

The Taxi and Limousine Services industry is highly fragmented, owing to the large number of small-to-medium sized businesses in operation. The industry is further fragmented due to the large number of self-employed drivers and independent contractors, which account for over 60.0% of the primary revenue earned in the industry (the remainder of revenue is earned directly by companies that own fleets). The two largest companies are estimated to account for about 7.0% of total industry revenue, providing the industry with a low level of market share concentration.

Due to the regional nature of the industry it is difficult for any one operator to command a significant percentage of market share... 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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