Taxi & Limousine Service Industry - Market Size, Trends, and Growth - 2025-2030
Industry Overview
This industry group comprises establishments primarily engaged in providing passenger transportation by automobile or van or providing an array of specialty and luxury passenger transportation services via limousine or luxury sedan generally on a reserved basis. These establishments do not operate over regular routes and on regular schedules.
Source: U.S. Census BureauMarket Size and Industry Forecast
This research report analyzes the market size and trends in the Taxi and Limousine 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 & Limousine Service companies in the United States.
Taxi & Limousine Service Revenue by State
Distribution by Company Size
| Company Size | All Industries | Taxi & Limousine Service |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Taxi & Limousine 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 & Limousine 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 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 |
Salary information for employees working in the Taxi & Limousine 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
$18,679,683 on the taxi & limousine service industry. It has awarded 815 contracts to 72 companies, with an average value of $259,440 per company.
Top Companies in Taxi & Limousine Service and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
