Taxi Cab Service Industry - Market Size, Trends, and Growth - 2025-2030
Industry Overview
This industry comprises establishments primarily engaged in providing passenger transportation by automobile or van, not operated over regular routes and on regular schedules. Establishments of taxicab owner/operators, taxicab fleet operators, or taxicab organizations are included in this industry.
Source: U.S. Census BureauMarket Size and Industry Forecast
This research report analyzes the market size and trends in the Taxi Cab Service industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| Market Size (Total Revenue) | Included in Report |
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)
Industry Forecast ($ Billions)
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.
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 Cab Service companies in the United States.
Taxi Cab Service Revenue by State
Distribution by Company Size
| Company Size | All Industries | Taxi Cab Service |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Taxi Cab Service Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| 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
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Taxi Cab Service industry accounting for the largest revenue sources.
| Product Description | Description | Revenue
($ Millions) |
|---|
| Industry total | Included |
| 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 |
Salary information for employees working in the Taxi Cab Service industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 2% | Included |
| 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% |
Government Contracts
The federal government spent an annual total of
$2,328,241 on the taxi cab service industry. It has awarded 345 contracts to 30 companies, with an average value of $77,608 per company.
Top Companies in Taxi Cab Service and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
