$2.8bn
$XXX.Xm
44,104
35,854
$XXX.Xm
Taxi and limousine transport operators have faced intensifying external competition and reductions in demand in recent years. The pandemic significantly reduced demand for taxi and limousine services, which heavily relies on international, domestic and business travellers moving to and from airports, all of which were heavily restricted during the pandemic. Furthermore, prolonged citywide lockdowns in Melbourne and Sydney in the 2021 calendar year required hospitality, arts and entertainment venues to close, which consumers frequently attend using industry transport services. Remote work arrangements have also reduced the need for businesses to use taxi services to move to and from meetings. Overall, taxi and limousine operators' revenue is expected to decline at an annualised 6.7% over the five years through 2023-24, to $2.8 billion. However, this performance includes an anticipated increase of 1.4% in the current year, as the industry continues to recover from pandemic lows. This has included profitability still hovering below pre-pandemic levels.
Industry revenue has declined at a CAGR of 6.7 % over the past five years, to reach an estimated $2.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
A2B Australia | 189.9 | |
Silver Top Taxi Service Pty Limited | 16.8 |
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Industry revenue is measured across several distinct product and services lines, including Non-booked taxi services, Booked taxi services and Wheelchair-accessible taxi service. Non-booked taxi services is the largest segment of the Taxi and Limousine Transport in Australia.
Ridesharing services have contributed to weaker demand for non-booked taxi services
Industry participants primarily operate taxicabs or private hire cars, or provide specialty road transport services such as wedding cars. This industry includes drivers acting as contractors for ridesharing services like Uber.
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ANZSIC 4623 - Taxi and Limousine Transport in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The pandemic significantly affected taxi and limousine operators. Lockdown and social distancing restrictions meant people couldn’t move around, reducing their need for taxi ...
Learn about an industry's products and services, markets and trends in international trade.
Consumers have shifted towards booking apps. Consumer preferences have shifted to booked taxi services, reducing demand for non-booked services in taxi ranks. A weaker touris...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Victoria has the most taxi and limousine operators. The state’s enterprise numbers have surged over the past decade due to deregulation, which has lowered barriers to entry.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Ridesharing services have significantly disrupted taxi’s market. Ridesharing services offer a remarkably similar service, often at a lower pricepoint and through a more conve...
Learn about the performance of the top companies in the industry.
Taxis and limousines operate in a highly fragmented market. Most of the market is composed of small, privately owned operators that have formed cooperatives.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Taxis are operating in an increasingly deregulated market. States like New South Wales and Victoria have removed a lot of regulations surrounding taxi operations, reducing ba...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit has fallen in recent years. Intense competition from ridesharing services and the pandemic have been the drivers behind this decline.
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Taxi and Limousine Transport industry in Australia is $2.8bn in 2024.
There are 35,854 businesses in the Taxi and Limousine Transport industry in Australia, which has declined at a CAGR of 1.8 % between 2019 and 2024.
The market size of the Taxi and Limousine Transport industry in Australia has been declining at a CAGR of 6.7 % between 2019 and 2024.
Over the next five years, the Taxi and Limousine Transport industry in Australia is expected to grow.
The biggest companies operating in the Taxi and Limousine Transport market in Australia are A2B Australia and Silver Top Taxi Service Pty Limited
Booked taxi services and Non-booked taxi services are part of the Taxi and Limousine Transport industry.
The company holding the most market share in Australia is A2B Australia.
The level of competition is high and increasing in the Taxi and Limousine Transport industry in Australia.