The Taxi Operation industry consists of participants that provide taxis and private-hire vehicles for personal and business transport on British roads. The industry has faced challenging operating conditions over the past five years because of high input costs and unsteady demand. The prolonged economic downturn caused business and consumer confidence to fall, while also reducing the amount of tourism in the United Kingdom. This has dragged down demand for the industry's services. Industry revenue is forecast to decline at a compound annual rate of 0.5% over the five years through 2015-16, reaching £8.8 billion.
The industry provides for-hire vehicle transport on British roads. This includes the use of hackney carriages (black cabs) and private-hire vehicles, limousines and wedding cars. The industry also includes companies that exclusively provide related services, such as radio operators and taxicab owners.
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.