Taxi and Limousine Industry Booming as Demand For Services Increase

Stretch limo rental

The taxi and limousine industry in the U.S. is doing pretty well. Between the years 2009 and 2014 alone, the industry grew by 3.2% annually and rakes in an impressive $11 billion each year. The industry is doing so well because of the many services and assortment of clients they cater to. Some taxi and limousine companies cater to wealthy businessmen and women seeking luxury, comfortable vehicles to get around town in. Others cater to the average joe just looking to grab a taxi to and from the airport, while some cater to the party crowd seeking limousines and party busses for bachelor parties of other group events.

Fortunately for consumers, taxi and limousine services are easy to come by considering the fact that there are about 200,309 taxi and limousine companies in the U.S. The industry employs an estimated 256,651 people, and there are more than 130,000 limousines alone in the U.S., that’s not counting taxis, luxury vehicles, or party buses.

A big portion of the industry’s clientele are those looking for luxury vehicles for business or corporate purposes. Infact, about 50% of all limousine services in the U.S. each week are provided to business and corporate customers. The most widely requested type of vehicle among business and corporate customers are luxury sedans. They’re comfortable vehicles and less flashy than the traditional limousine. The second most requested vehicle among business and corporate clients is the stretch limousine. They’re more spacious and can often accommodate larger numbers of passengers.

Limousines are also highly requested by party groups, like bachelor and bachelorette parties, again because they’re spacious and can tote around a sizeable group. Party groups like these also tend to request party buses as their mode of transportation. Party buses are great alternatives to use when going on tours of places. For example, wine tour buses are popular among bachelorette parties. Party buses also add an element of fun to a night out on the town, and they’re often more affordable.

Whatever your transportation needs are, there are plenty of options available. Whether it’s shuttle service to and from an airport, accommodating corporate travel, or providing a party bus or limo service, the taxi and limousine industry is available across the U.S. to meet their customer’s needs.