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Taxi and Limousine Transport in Australia Industry Data and Analysis
Taxi and limousine transport operators have faced intensifying external competition and reductions in demand in recent years. The pandemic significantly reduced demand for taxi and limousine services, which heavily relies on international, domestic and business travellers moving to and from airports, all of which were heavily restricted during the pandemic. Furthermore, prolonged citywide lockdowns in Melbourne and Sydney in the 2021 calendar year required hospitality, arts and entertainment venues to close, which consumers frequently attend using industry transport services. Remote work arrangements have also reduced the need for businesses to use taxi services to move to and from meetings. Overall, taxi and limousine operators' revenue is expected to decline at an annualised 6.7% over the five years through 2023-24, to $2.8 billion. However, this performance includes an anticipated increase of 1.4% in the current year, as the industry continues to recover from pandemic lows. This has included profitability still hovering below pre-pandemic levels.
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What's included in this industry analysis
IBISWorld's research coverage on the Taxi and Limousine Transport industry in Australia includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released May 2024.
About this industry
What's this industry report about?
The Taxi and Limousine Transport industry in Australia operates under the ANZSIC industry code I4626. Industry participants primarily operate taxicabs or private hire cars, or provide specialty road transport services such as wedding cars. This industry includes drivers acting as contractors for ridesharing services like Uber. Related terms covered in the Taxi and Limousine Transport industry in Australia include gps, wheelchair-accessible taxis, maxi taxi and surge pricing.
What's included in this industry?
Products and services covered in Taxi and Limousine Transport industry in Australia include Non-booked taxi services, Booked taxi services and Wheelchair-accessible taxi service.
What companies are included in this industry?
Companies covered in the Taxi and Limousine Transport industry in Australia include A2B Australia and Silver Top Taxi Service.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Taxi and Limousine Transport industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Taxi and Limousine Transport industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Taxi and Limousine Transport industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Taxi and Limousine Transport industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Taxi and Limousine Transport industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Taxi and Limousine Transport industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Taxi and Limousine Transport industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Taxi and Limousine Transport industry in Australia.
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Frequently Asked Questions
What is the market size of the Taxi and Limousine Transport industry in Australia in 2026?
The market size of the Taxi and Limousine Transport industry in Australia is $2.8bn in 2026.
How many businesses are there in the Taxi and Limousine Transport industry in Australia in 2024?
There are 35,854 businesses in the Taxi and Limousine Transport industry in Australia, which has declined at a CAGR of 1.8 % between 2019 and 2024.
How may import tariffs affect the Taxi and Limousine Transport industry in Australia?
The Taxi and Limousine Transport industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Taxi and Limousine Transport industry in Australia?
The Taxi and Limousine Transport industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Taxi and Limousine Transport industry in Australia grown or declined over the past 5 years?
The market size of the Taxi and Limousine Transport industry in Australia has been declining at a CAGR of 6.7 % between 2019 and 2024.
What is the forecast growth of the Taxi and Limousine Transport industry in Australia over the next 5 years?
Over the next five years, the Taxi and Limousine Transport industry in Australia is expected to grow.
What are the biggest companies in the Taxi and Limousine Transport industry in Australia?
The biggest companies operating in the Taxi and Limousine Transport industry in Australia are A2B Australia and Silver Top Taxi Service
What does the Taxi and Limousine Transport industry in Australia include?
Booked taxi services and Non-booked taxi services are part of the Taxi and Limousine Transport industry in Australia.
Which companies have the highest market share in the Taxi and Limousine Transport industry in Australia?
The company holding the most market share in the Taxi and Limousine Transport industry in Australia is A2B Australia.
How competitive is the Taxi and Limousine Transport industry in Australia?
The level of competition is high and increasing in the Taxi and Limousine Transport industry in Australia.
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