After recessionary declines in business profit and disposable income limited individual and corporate expenditure on transportation, the industry is set to revive over the next five years. In particular, a boost in consumer spending will result in greater investment in taxi and limousine services. Conversely, high fuel prices and increased regulations will threaten growth.
Companies in this industry provide passenger transportation via automobiles. 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.
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.