The Limousine and Town Car Services industry has shifted up a gear in the past five years, as the economy continues to improve. The industry has been helped by growing per capita disposable income and rising consumer confidence, leading many consumers to, once again, spend on luxury car services rather than less-expensive alternatives, such as taxis. Over the five years to 2022, the industry is expected to continue on the road to prosperity, buoyed by broad-based economic growth. Consumer demand is expected to remain strong as both per capita disposable income and consumer confidence rise, giving consumers a reason to spend on transportation for special occasions, such as weddings and proms.
This industry comprises establishments primarily engaged in providing an array of specialty and luxury passenger transportation services via limousine or luxury sedans, generally on a reserved basis. These establishments do not operate over regular routes or on regular schedules.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.