The Limousine and Town Car Services industry has shifted up a gear as the economy continues to recover from the worst recession in nearly a century. The industry has been helped by growing per capita disposable income and rising consumer confidence, leading many consumers to, once again, spend on luxury car services, rather than less expensive alternatives, such as taxis. In the coming years, the industry is set to expand as improved demand will give operators a chance to upgrade their services to seek higher profit margins.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.