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Taxi & Limousine Service Industry: Statistics, Market Size, Forecast

Taxi & Limousine Service - Market Size and Industry Forecast

The 2021 Taxi and Limousine Service Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2016 to 2026 reflect industry trends and growth patterns. Revenues include both public and private companies in the taxi & limousine service industry.

HistoricalForecasted
20162017201820192020202120222023202420252026
Market Size (Total Revenue)

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

Industry Revenue ($ Billions)

Industry Revenue Forecast
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Taxi & Limousine Service - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through 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 & Limousine Service companies in the United States.

Taxi & Limousine Service Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesTaxi & Limousine Service
Small Business (< 5 Employees)

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

Taxi & Limousine 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 AveragePercent 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

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Taxi & Limousine 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
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Taxi & Limousine Service - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total

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

Taxi & Limousine Service - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations2%

General and Operations Managers2%
Office and Administrative Support Occupations23%
Material Recording, Scheduling, Dispatching, and Distributing Workers12%
Dispatchers12%
Dispatchers, Except Police, Fire, and Ambulance12%
Transportation and Material Moving Occupations69%
Motor Vehicle Operators66%
Taxi Drivers and Chauffeurs64%
Taxi Drivers and Chauffeurs64%

Government Contracts

In the past, the federal government spent an annual total of $18,679,683 on the taxi & limousine service industry. It has awarded 815 contracts to 72 companies, with an average value of $259,440 per company.

Taxi & Limousine Service and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)





Taxi & Limousine Service Industry Report
GeographyUnited States  
Publication DateOctober 2021
Report FormatPDF Download  
Price

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