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Taxi & Limousine Services in Canada - Industry Market Research Report

Publisher IBISWorld
Published Jan 01, 2025
Length 71 Pages
SKU # IBSS19493153

Description

Taxi & Limousine Services in Canada - Industry Market Research Report


Taxi & Limousine Services in Canada

The industry provides a range of nonregular transportation services through vehicles such as taxicabs, limousines and luxury sedans. While growing consumer spending stimulated demand for taxis and limousines, the industry has contested with brutal operating conditions. The proliferation of ride-sharing apps, such as Uber and Lyft, has enabled a wave of nonemployers to enter the market, increasing external competition, while the pandemic severely eroded revenue in 2020. As a result, industry revenue is estimated to plummet at a CAGR of 7.8% to $2.3 billion in 2023, despite a hike of 1.3% in 2023 alone, as profit slides to 25.4%.

This industry provides passenger transportation by taxi and limousine. Taxi services are not operated on regular schedules or routes and limousine services are rented or hired with a driver. This industry does not include transporting passengers to or from hotels and airports using buses or vans.

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

71 Pages
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

Pricing

Currency Rates
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