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2018 Market Analysis & Industry Outlook: Limousine Service


Overview of the U.S. Limousine Service Industry

This section provides answers to key questions about the industry:
  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Limousine Service: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast[PREMIUM]

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Limousine Service industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Local Passenger Transportation By Road, Except Fixed-Route

Local Passenger Transportation By Limousines And Similar Luxury Vehicles



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map of Limousine Service by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Limousine Service company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Limousine Service industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Limousine Service measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 2%

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Chief Executives0%
General and Operations Managers2%
Office and Administrative Support Occupations 24%
Material Recording, Scheduling, Dispatching, and Distributing Workers 12%
Dispatchers 11%
Dispatchers, Except Police, Fire, and Ambulance 11%
Transportation and Material Moving Occupations 68%
Motor Vehicle Operators 64%
Taxi Drivers and Chauffeurs 63%
Taxi Drivers and Chauffeurs 63%
Source: Bureau of Labor Statistics


Limousine Service Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • Reston Limousine Service trademarks "DATADRIVE 365" - Software for storing and accessing electronic files and documents for the purpose of managing company standards and communications, as well as employee accountability - 10/19/2017
  • Main Event Transportation trademarks "MONTEREY AIRBUS" - Transportation services - 10/03/2017
  • United Private Car trademarks "UNITED PRIVATE CAR" - Limousine services - 07/05/2016




  • Top Innovators

    CompanyInnovation Score
    Fortis Riders
    Executive Image Limousine
    Music Express

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Korean Air passengers to use 2nd terminal at Incheon Airport - There will be buses, limousine buses, trains, and shuttle buses operating ... KTX and Airport Express, which currently operate at the first passenger terminal, will also extend their service to the second terminal. It takes only seven minutes between ... (01/10/2018)
    • People & Places: After driving around stars, limo ready for PV residents - Kennedy hosted a ribbon-cutting event for his new limousine service, aptly named Prescott Valley Limousine Service, on Jan. 5. Making Family Memories Fun is his website’s tagline, and he is ready to roll out the red carpet for anyone. “I’ve driven a ... (01/10/2018)
    • FreedomCar Adds New Wheelchair-Accessible Van To Fleet To Provide Greater Mobility Options - ABOUT FREEDOMCAR Better than a taxi and smarter than a limo, FreedomCar has been Baltimore’s trusted transportation service for safe, reliable rides and professional drivers since 1991. FreedomCar is based in Baltimore, Maryland, but offers chauffeured ... (01/10/2018)
    • Wireless is center of CES 2018 universe - Of course, wireless is still that service which your iPhone ... rapidly and transform industry after industry like Uber and Lyft transformed the Taxi and Limousine industry. As we move to 5G, wireless data continues to get faster it will continue to ... (01/10/2018)
    • Mary Villar, Mexican food entrepreneur, kept Wichita fed for nearly 50 years - Graveside service will be at Fairview cemetery in Hutchinson ... “She was driven to East High School each day in a limousine,” her son said. Beginning in the 1970s, she began running several Mexican restaurants. Her philosophy was to cook family ... (01/09/2018)
    • 30 Customer Service Job Openings In Gwinnett Area - and riders tip well for great service. If you have previous work experience as a professional limo driver, taxi, or bus ... A minimum of 5 years Overhead Crane service and inspection experience ... Must be able to review Overhead Crane Inspection Reports ... (01/09/2018)
    • Keen Limousine Owner Marks 10 Years Fulfilling Chicagoland's Transportation Needs - Herrell-Paul's companies, Crown Cars and Limousines and Keen Limousine, which was recently voted Best Limo Service by Kane County Chronicle Reader's Choice Awards for the ninth year, will be celebrating her milestones with a series of special promotions in ... (01/08/2018)
    • Prescott Valley Chamber of Commerce welcomed Prescott Valley Limousine Service - The Prescott Valley Chamber of Commerce welcomed Prescott Valley Limousine Service with a ribbon cutting on Jan. 4. Tim Kennedy, owner and driver, said the car features TVs, an upgraded sound system, LED lighting and a complimentary bar. Contact them at ... (01/07/2018)
    • Limo Service Chicago Firm Voted Best Limousine Service In Illinois - All American Limousine has been providing a sizable menu of services throughout the Chicagoland, Milwaukee, Indiana and surrounding suburb regions for many years. The expert personnel and late model equipment ensure great service. Chicago IL – January 2 ... (01/02/2018)


    Government Contracts

    In 2016, the federal government spent a total of $16,351,443 on Limousine Service. It has awarded 470 contracts to 42 companies, with an average value of $389,320 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount



    Growth Opportunities / Competitive Threats

    Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Limousine Service to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

    The following industries are competing channels for sales of similar products/services.

    Local Passenger Transportation By Road, Except Fixed-Route
    Competing IndustrySales Relative to Limousine ServiceOpportunity/Threat
    Taxi Cab Service Competing industry

    Sales from other industries of Local Passenger Transportation By Road, Except Fixed-Route are less than those from Limousine Service. This may mean that other channels are a competitive risk of increasing their Local Passenger Transportation By Road, Except Fixed-Route sales, taking market share from this industry.
    Local Passenger Transportation By Road, Except Fixed-Route Product Sales Report





    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Limousine services (except shuttle services), Limousines for hire with driver (except taxis), Hearse rental with driver, Passenger limousine rental with driver (except shuttle service, taxi), Luxury automobiles for hire with driver (except taxis), Passenger van rental with driver (except shuttle service, Automobile rental with driver (except shuttle service, taxis), etc.



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