Taxi Operation in the UK - IBISWorld Industry Market Research

Taxi Operation in the UK

Taxi Operation in the UK - IBISWorld Industry Market Research
Taxi Operation in the UK
Published Aug 28, 2015
25 pages — Published Aug 28, 2015
Price US$ 875.00  |  Buy this Report Now

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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.

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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IBISWorld Industry Market Research. "Taxi Operation in the UK" Aug 28, 2015. Alacra Store. Oct 23, 2016. <>
IBISWorld Industry Market Research. (2015). Taxi Operation in the UK Aug 28, 2015. New York, NY: Alacra Store. Retrieved Oct 23, 2016 from <>
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