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Taxi Operation in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Taxi Operation Market Research Report | SIC H49.320 | Aug 2016

The right direction: Revenue is expected to grow despite competitive pressures

The Taxi Operation 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.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£9bn
Annual Growth 12-17
1.3%
Annual Growth 17-22
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Profit
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Employment
344,783
Businesses
18,348
Industry Analysis & Industry Trends

The Taxi Operation industry consists of participants that provide taxis and private-hire vehicles (PHVs) for personal and business transport on British roads. The two-tier system in place in the United Kingdom distinguishes between taxis, which can pick up customers directly on the street, and PHVs, which must be pre-booked through a licenced operator. The industry has faced challenging operating conditions over the past five years because of volatile input costs and unsteady demand. Industry revenue is forecast to increase at a compound annual rate of 1.3% over the five years through 2016-17 to reach £9.4 billion. Weak expansion is anticipated for the current year, with industry revenue expected to rise by 0.6% amid economic uncertainty... purchase to read more

Industry Report - Industry Locations Chapter

The distribution of industry establishments largely follows the spread of the UK population, economic activity and disposable income patterns. Operators transport people for both personal and business reasons and therefore the potential market is larger in urban areas with large clusters of businesses.

London

London is by far the largest region for the industry, with 28.2% of industry establishments located there despite only having 13.2% of the UK population. One of the reasons why London has such a high number of taxis is that it is at the centre of UK tourism and tourists are a major user of taxi services... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Taxi Operation Industry?

The industry provides for-hire vehicle transport on British roads. This includes the use of hackney carriages (black cabs) and private-hire vehicles, limousines, executive cars and wedding cars. The industry also includes companies that exclusively provide related services, such as radio operators and taxicab owners.

Industry Products
TaxicabsPrivate-hire vehicles
 
Industry Activities
For-hire passenger vehicle operationDisability transport vehicle operationAirport transfersWedding car servicesLimousine transfer services


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