Taxi & Limousine Services in Canada - Industry Market Research Report

Taxi & Limousine Services in Canada - Industry Market Research Report

  • February 2021 •
  • 48 pages •
  • Report ID: 4564525 •
  • Format: PDF
Smooth ride: Uber and similar services will likely expand, resulting in greater competition with traditional taxi operators

Abstract

Taxi & Limousine Services in Canada
The Taxi and Limousine Services industry in Canada provides a range of nonregular transportation services through vehicles such as taxicabs, limousines and luxury sedans. The industry has experienced slight revenue growth over the five years to 2019. Industry revenue has largely been driven by demand from individual consumers and corporate clients. Rising levels of consumer spending have indicated that everyday consumers are more willing to make discretionary purchases, such as travelling via taxis. The Canadian economy is expected to continue to improve over the five years to 2024, precipitating renewed business confidence and higher levels of consumer spending. During the outlook period, demand for industry services is anticipated to increase.

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.
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