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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Products Chapter

Taxi and for-hire care services

The largest segment in the Taxi and Limousine Services industry is taxi services and for-hire car services that include ride-hailing applications. Together, this segment is expected to account for 69.2% 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. Mos.. 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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