Reversing the fall: Revenue contracted, but is expected to return to growth in the current year

The Taxi Operations industry consists of small public service vehicles (SPSVs) providing land transport services on Irish roads. SPSVs include standard taxis, as well as private-hire vehicles such as hackneys and limousines. In general, rising vehicle standards and licensing requirements have led to a decline in the number of SPSVs over much of the past decade. As a result, despite high demand for industry services, falling SPSV numbers have taken a toll on industry revenue. Meanwhile, relatively high insurance and vehicle maintenance costs have weighed on profit margins.Industry revenue is anticipated to decline at a compound annual rate of 2.5% over the five years through 2019, reaching €1.4 billion...read more.

Industry Statistics & Market Size
Revenue
€1.4bn
Annual Growth 14-19
-2.5%
Forecast Growth 19-24
Profit
Employment
18,041
Businesses
13,676
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • High running costs, barriers to entry and competition have weighed on performance
  • Rising demand from tourists and strong demand from the business sector has been beneficial
  • The UK's exit from the European Union could negatively affect cross-border business travel
  • Industry Report - Industry Analysis Chapter

    The Taxi Operations industry has endured difficult trading conditions over the past five years. Increased vehicle standards, such as for new taxi and hackney licences to be wheelchair accessible, have increased the cost of purchasing or maintaining a vehicle, and led to a fall in the number of valid small public service vehicles (SPSV) in Ireland over much of the past decade. In turn, this has directly affected the number of taxi operators in Ireland. Generally high costs, such as insurance and fuel costs, have affected the ability of a number of operators to remain profitable and therefore pushed a number of enterprises out of the industry, as well as discouraging drivers from entry. The...purchase to read more.

    Additional Insights for the Taxi Operation Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Taxi Operation Industry are

  • Proximity to key markets
  • Effective cost controls
  • Highly trained workforce
  • IBISWorld analysts also discuss how external factors such as Gross disposable income of households and International tourist numbers in the Taxi Operation industry impact industry performance..

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    What's in this report

    What is the Taxi Operation in Ireland Industry?

    The industry provides small public service vehicle transport on Irish roads. This includes the use of standard and wheelchair accessible taxis, as well as private-hire vehicles such as hackneys and limousines.

    Industry Products
  • Taxi services
  • Hackney services
  • Limousine services
  • Industry Activities
  • Taxi cab service
  • Disability transport vehicle operation
  • For-hire passenger vehicle operation
  • Airport transfers
  • Limousine transfer services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Gross disposable income of households
  • International tourist numbers
  • Business sentiment index
  • Fuel prices
  • PSO passenger journeys

  • Current Performance
    Metered environmentHigh demandIndustry dynamics
  • Chart: Revenue Growth

  • Industry Outlook
    Competitive pressuresFuelled demandTechnology changes
  • Table: Taxi Operation Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Taxi Operation Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Ireland

  • Key Selling Industries
  • Motor Vehicle Dealers in Ireland
  • Motor Vehicle Maintenance & Repair in Ireland
  • Petrol Stations in Ireland

  • Products & Services
  • Taxi services
  • Limousine services
  • Hackney services
  • Chart: Taxi Operation Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Private customers
  • Tourists
  • Corporate customers
  • Chart: Major Market Segmentation for the Taxi Operation Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Taxi Operation

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Taxi Operation Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Taxi Operation Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Taxi Operation Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Dynamic Pricing
  • A pricing strategy whereby operators can be flexible in the prices they offer and charge higher fares during busy periods.
  • Small Public Service Vehicle
  • A public service vehicle capable of carrying up to eight people, and includes taxis, wheelchair accessible taxis, hackney cabs and limousines.
  • Taximeter
  • An electronic device used by taxis which automatically computes the fare due by customers, on the basis of the distance travelled and length of waiting time.
  • What Our Customers Say

    Why buy this report?

    The Taxi Operation in Ireland market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Taxi Operation in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Taxi Operation in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Taxi Operation in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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