Limousine & Town Car Services in the US - Industry Market Research Report
Limousine & Town Car Services in the US
Over the past five years, the Limousine and Town Car Services industry has contended with internal and external challenges. However, the industry has been helped by growing per capita disposable income, leading many consumers to spend on luxury car services rather than less-expensive alternatives. Moreover, new technology, particularly mobile apps such as Uber and Lyft that connect drivers and customers, has enabled greater ease of booking and paying for town cars and has provided the industry with a growing pool of customers. In 2020, falling domestic trips due to COVID-19 dampened industry demand from leisure clients, which account for more than one-third of industry revenue. As a result, industry revenue is expected to decline at an annualized rate of 7.0% to $4.7 billion over the five years to 2023, including an expected fall of 2.8% in 2023 alone.
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.
TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Research Assistance
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