Taxi & Limousine Services in Canada - Industry Market Research Report

Taxi & Limousine Services in Canada - Industry Market Research Report

  • September 2018 •
  • 33 pages •
  • Report ID: 4564525 •
  • Format: PDF
Smooth ride: Technology innovation will aid revenue, but strict regulations may limit overall growth

Abstract

Taxi & Limousine Services in Canada
The Taxi and Limousine Services industry in Canada has experienced slight growth over the five years to 2018. In recent years, rising consumer spending and increased corporate profit have sparked demand for taxis and limousines. Moreover, the proliferation of ride-sharing applications, such as Uber and Lyft, has enabled a wave of nonemploying operators to enter the market, bolstering industry growth. As a result, industry revenue is estimated to increase over the five years to 2018. The Canadian economy is expected to continue to improve over the five years to 2023, precipitating renewed business confidence and higher levels of consumer spending. During this time, demand for industry services is anticipated to increase. Uber and other similar services will likely expand moving forward, resulting in greater price competition with traditional taxi operators.

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 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.
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