Taxi & Limousine Services Industry Overview

Excerpt from Taxi & Limousine Services Report

The US taxi and limousine services industry includes about 7,000 establishments (single-location companies and units of multi-location companies) with about $6 billion in combined annual revenue. No major companies dominate the industry, which is fragmented.

Competitive Landscape

Taxi and limousine revenue is driven by business and leisure travel. The profitability of individual companies depends on good marketing. Small companies can effectively compete with large ones because there are few economies of scale in operations. The industry is labor-intensive: average annual revenue per employee is about $80,000.

Products, Operations & Technology

Major services include transporting passengers in taxis; rental of limousines, luxury cars, vans, and other automobiles with drivers; and hearse rentals with drivers. The vast majority of industry revenue comes from local passenger transportation services.