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2018 Market Analysis & Industry Outlook: Taxi & Limousine Service


Overview of the U.S. Taxi & 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 Taxi & 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 Taxi & 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 Taxi Service

Local Passenger Transportation By Limousines And Similar Luxury Vehicles

Taxicab Support Services



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 Taxi & 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 Taxi & 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 Taxi & 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 Taxi & 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


Taxi & Limousine Service Industry Market Share [PREMIUM]

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

CompanyAddressRevenue Estimate









Innovation News

  • Uber Technologies patents Autonomous Vehicle Localization Using Submaps - 01/04/2018
  • Anane Transport trademarks "ANANE TRANSPORT" - Bus transport - 11/29/2017
  • Uber Technologies trademarks "UBER" - Magnetically encoded credit cards - 11/10/2017
  • Bambeco trademarks "THE HEALTHY HOME" - Retail services - 06/15/2017
  • Bambeco raises $5 million in funding. - 10/13/2015
  • Uber Technologies raises $273 million in funding. - 05/13/2015
  • Ignited Artists raises $5 million in funding. - 02/25/2015




  • Top Innovators

    189
    CompanyInnovation Score
    Uber Technologies189
    Fortis Riders
    GO Fast Ordering
    Bambeco

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

    Latest Industry News

    • Uber Drives Up Competition in Moore County - Uber describes itself as an app that serves as an intermediary between drivers and rider, and, therefore, is not a genuine taxi service and should not be ... and co-owner of Pinehurst-based Kirk Tours and Limousine. “They don’t have to jump through ... (01/09/2018)
    • Need a lift? No shortage of rides in Durango - The taxi and limousine market in Durango has grown over the years to ... I am trying to save people in Bayfield a lot of money and provide them a service.” Taxi services are regulated and approved through the Colorado Public Utilities Commission, and ... (12/31/2017)
    • Need a ride? Local limo service expands into the taxi business - NORTHUMBERLAND — The owners of Susquehanna Valley Limousine will be hitting the gas within the next six weeks on a taxi service for Northumberland, Snyder and Union counties. Chris Peifer, who with Matt Markunas has owned the pre-arranged transportation ... (11/25/2016)
    • Taxi and limousine regulations in spotlight after driver rapes passenger in Kalamazoo - While Godspeed and other vehicle-for-hire companies in Kalamazoo operate much like a taxi service, almost all of them are registered with the state of Michigan as limousine providers ... You can reach him at rhall2@mlive.com. Follow him on Twitter. (02/27/2015)
    • Taxi Regulators Suspend Five Out of Six Uber “Bases” in New York City - Advertisement Five of the six bases run by the taxi service were suspended by the city's taxi and limousine tribunal after Uber refused to hand over ride records. The decision was handed down Tuesday. The Taxi and Limousine Commission (TLC) was requesting ... (01/07/2015)
    • Taxi & Limousine Commission Shuts Down 5 Of 6 Uber Bases In NYC - "We are continuing a dialogue with the NYC Taxi and Limousine Commission on these issues." A TLC spokesman countered to NY Business Journal, "There's no open dialogue of which I am aware." Uber insists the suspension will not impact their service ... (01/07/2015)
    • Uber Drops Taxi-Hailing Service in New York - But today, Uber announced that it is suspending its taxi-hailing service in New York after a bit of head-butting with the city's Taxi & Limousine Commission ... In an email to DCist, Kalanick hinted that D.C. could be a future market for Uber's taxicab ... (10/16/2012)
    • New York Cabbies Say Uber Is Shutting Down Its Taxi Service* - Uber asked for their phones back and told them the taxi service is no longer available in New York. Back in September, Uber received a letter from the city's Taxi and Limousine Commission with a reminder that it "has NOT authorized any electronic hailing ... (10/16/2012)
    • Know your 'real' taxi fare from Dubai airport to avoid tricksters - “There are the red-roof taxis, pink-roof taxis and the limousine taxis; all available from the official taxi queue. Once you are in that queue, you can tell what type of service you would like to use," he explains. Besides RTA, there are two other ... (09/27/2012)
    • Taxi & Limousine Commission Tells Uber It Can’t Legally Operate a Taxi App In NYC, Uber CEO Disagrees - He was referring, sarcastically, to a statement issued today by the Taxi and Limousine Commission to “remind” medallion ... Check out our interview with Uber about its plan for a New York City taxi service that only costs a 20 percent tip. (09/06/2012)


    Government Contracts

    In 2016, the federal government spent a total of $18,679,683 on Taxi & Limousine Service. It has awarded 815 contracts to 72 companies, with an average value of $259,440 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 Taxi & 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 Taxi & Limousine ServiceOpportunity/Threat
    Limousine Service Competing industry
    Taxi Cab Service Competing industry

    Sales from other industries of Local Passenger Transportation By Road, Except Fixed-Route are less than those from Taxi & 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