Taxi Cab Service Industry - Market Research, Statistics, and Financial Data

Taxi Cab Service - Market Size and Industry Forecast

This Taxi Cab Service report analyzes current industry size and predicts future trends. It provides overall industry revenue from 2014 through the present, and predicts industry growth and decline through 2024. Total revenue includes both public and private companies.

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government data.

Industry Revenue ($ Billions)

Taxi Cab Service Industry Revenue
  • 2014
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020

Historical market size and five-year projections show growth trends in industry sales and revenue. This economic model is based on short- and long-term trends. The industry size is determined by total revenue generated within the industry from all products and services sold. Growth and decline in the industry shows total opportunity for companies. The taxi cab service research report reveals both the historical trends and five-year forecast, calculated by Pell Research's econometric models. Market share, measured in billions of dollars, includes both public and private companies. Use this information to identify industry trends and predict future growth patterns.

Taxi Cab Service - Geographic Breakdown by U.S. State

Market size by state evaluates local opportunity and measures the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for taxi cab service companies in the United States.

Taxi Cab Service Revenue by State

Market Share by State

Taxi Cab Service - Distribution by Company Size

Company Size All Industries Taxi Cab Service
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Taxi Cab Service - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry Average Percent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Taxi Cab Service - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Taxi Cab Service · Product Mix

Product Description Description Revenue
($ Millions)
Industry total


Local passenger transportation by road, except fixed-route
Local taxi service
Taxicab services
Special needs trans serv, including paratransit, senior citizen
Long-distance passenger transportation by road, except fixed-route
Long-distance pass trans by road, except fixed-route, other vehicles
Transit & ground passenger transportation related services
Local passenger trans by limousines and similar luxury vehicles
Trans & ground pass trans - sales of fuels and lubricants

Taxi Cab Service - Compensation and Salary Surveys

TitlePercent of Workforce Bottom Quartile Average (Median) Salary Upper Quartile
Management Occupations 2%


General and Operations Managers 2%
Office and Administrative Support Occupations 23%
Material Recording, Scheduling, Dispatching, and Distributing Workers 12%
Dispatchers 12%
Dispatchers, Except Police, Fire, and Ambulance 12%
Transportation and Material Moving Occupations 69%
Motor Vehicle Operators 66%
Taxi Drivers and Chauffeurs 64%
Taxi Drivers and Chauffeurs 64%

Taxi Cab Service - Government Contracts

In 2008, the federal government spent a total of $2,328,241 on the taxi cab service industry. It has awarded 345 contracts to 30 companies, with an average value of $77,608 per company.

Taxi Cab Service and Adjacent Industries · Top Companies

Company Address Revenue
($ Millions)


Taxi Cab Service Industry Report
Geography United States  
Publication Date July 2019
Report Format PDF Download  
Price $1,000.00

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