The taxi and limousine industry is a major player in the transportation sector, providing crucial services to people across the world.
In this blog post, we’ll be exploring key statistics about the taxi and limousine industry to gain a better understanding of its current state and future prospects.
Key Taxi & Limousine Statistics 2023 – MY Choice
In 2019, the global taxi and limousine market size was valued at $100 billion.
In the same year, the number of taxi and limousine drivers worldwide was estimated to be around 4 million.
In the United States, the taxi and limousine industry employs over 220,000 drivers.
The average hourly wage for a taxi or limousine driver in the United States is $14.50.
In the United States, the taxi and limousine industry generates around $11 billion in annual revenue.
In the United States, the number of taxi and limousine trips taken annually is estimated to be over 2 billion.
In major cities such as New York, taxis and limousines are a crucial part of the transportation network, providing over 600,000 daily rides.
The global taxi and limousine market is expected to grow at a CAGR of 5% from 2020 to 2027.
In the United States, the number of licensed taxi and limousine drivers is estimated to have increased by 20% over the last decade.
In major cities, the taxi and limousine industry provides a crucial service to those without access to personal transportation, including the elderly and disabled.
Taxi & Limousine Statistics
In 2019, the global taxi market size was valued at $102.56 billion and is expected to grow at a CAGR of 5.5% from 2020 to 2027.
In the US, there were approximately 787,000 taxis and limousine drivers in 2020.
In 2019, the ride-hailing app industry was valued at $76.5 billion, and is expected to grow at a CAGR of 11.8% from 2020 to 2027.
The taxi industry employs around 8 million people worldwide.
The average salary of a taxi or limousine driver in the US is $25,580 per year.
The average cost of a taxi ride in the US is $16.
Demographic
Percentage of taxi and limousine users
Age 18-24
20%
Age 25-34
30%
Age 35-44
25%
Age 45-54
15%
Age 55+
10%
Male
50%
Female
50%
Income < $50K
30%
Income $50K-$100K
35%
Income > $100K
35%
Frequency of taxi and limousine usage:
Usage Frequency
Percentage of Consumers
Weekly
40%
Bi-Weekly
30%
Monthly
20%
Rarely
10%
Top Reasons for Using taxi and limousine Services:
Reason
Percentage of Consumers
Convenience
60%
Lack of Personal Transportation
30%
Special Occasions
15%
Safety
10%
Taxi & Limousine Market Statistics:
Percentage
Uber’s Market Share
69%
Lyft’s Market Share
30%
Total Market Share
99%
Taxi & Limousine Services Industry Employment:
Statistics
Employment in 2023
6.7% increase
Employment in May 2020
263% increase
Status in 2019
9.82% increase
Most common job
Taxi drivers (77.5%)
Gender composition
80.8% Male
Driving Statistics:
Statistics
Percentage of drivers
88.3%
Average driving trips daily
2.5
Percentage of age 35-49
97%
Percentage of college graduates
97%
Percentage of male drivers
94%
Percentage of female drivers
93%
Vehicle Statistics:
Statistics
Percentage of EVs sold
5%
Percentage of passenger vehicle sales in 2018
2%
Registered motorcycles
37.9 million
Percentage of motorcycle owners that are male
81%
Registered trucks for business purposes
37.9 million (23.9% of all trucks)
Cargo Transportation in America
Mode of Transport
Percentage of Total
Trucking Industry
80%
Air
8%
Pipeline
6%
Rail
4%
Water
2%
Bus Crash Fatalities by Type of Bus
Type of Bus
Percentage of Fatalities
School Buses
35.7%
Transit Buses
32.2%
Vans
13.6%
Intercity Buses
7.0%
Other or Unknown
12.0%
Bus Crash Fatalities by Restraint Use
Restraint Use
Percentage of Fatalities
Using Restraints
14%
Not Using Restraints
86%
School Transportation Safety Statistics
Mode of Transport
Safety Comparison
School Bus
70 times safer than traveling by car
Fatal Bus Crashes by Type of Bus (2009-2019)
Type of Bus
Percentage of Total
School Buses
39%
Transit Buses
34%
Intercity Buses
12%
Traffic Fatalities by Mode of Transport
Mode of Transport
Percentage of Total
School Transportation
Less than 1%
Taxi Drivers in the United States (2021)
Demographic
Percentage of Total
Male
74.6%
Female
21.7%
Taxi Driver Racial Demographics (2021)
Race
Percentage of Total
White
56.8%
Hispanic
20.6%
Black
9.2%
Ride Share Drivers in the United States (2021)
Demographic
Percentage of Total
Working for both Uber and Lyft
24.5%
Taxi Driver Earnings (2021)
Earnings
Percentage of Total
$53,000 or more (highest 10%)
10%
Ride Sharing Industry Statistics (2021)
Statistic
Value
Industry worth (worldwide)
$61 billion
Percentage of US population using ride sharing
25%
Percentage of vehicle miles traveled by Uber and Lyft
14%
Percentage of Uber trips in the US for dining/parties
43%
Ride Sharing Usage by Income (2021)
Income
Percentage of Total
Over $75,000
53%
Less than $30,000
24%
Ride Share Driver Earnings (2021)
Earnings
Percentage of Total
Less than $99
50%
Less than $500
84%
Over $1,500
2%
Over $2,000
0%
Table 1: Percentage of Fatal Large Truck Crashes by Type of Victim (2019)
Type of Victim
Percentage
Pedestrian
9.1%
Cyclist
1.8%
Table 2: Road Fatalities in European Union (2010 vs. 2018)
Year
Road Fatalities
Percentage Change
2010
2018
25,100
-21%
Table 3: Motor Vehicle Deaths in Rural and Urban Areas (2016)
Area Type
Population
Percentage of Fatalities
Rural
50%
60%
Urban
21%
40%
Table 4: Work Zone Traffic Fatalities (2016 vs. 2017)
Year
Work Zone Traffic Fatalities
Percentage Change
2016
2017
799
2%
Table 5: Railroad Fatalities in the United States (Type of Incident)
Type of Incident
Percentage of Fatalities
Highway rail grade crossing collisions
Pedestrian trespass on tracks
Total
Over 95%
Table 7: Motorcyclist Deaths by Area Type (2018)
Area Type
Percentage of Deaths
Urban
60%
Rural
38%
Table 8: Bicyclist Deaths by Area Type (2018)
Area Type
Percentage of Deaths
Urban
79%
Table 9: Bicyclist Deaths by Location Type (2018)
Location Type
Percentage of Deaths
Intersections
37%
Table 10: Pedestrian Deaths by Area Type (2018)
Area Type
Percentage of Deaths
Urban
81%
Table 11: Pedestrian Deaths by Age Group and Location Type (2018)
Age Group
Location Type
Percentage of Deaths
70+
Intersections
40%
<70
Intersections
22%
Table 12: Fatal Large Truck Crashes by Location Type (2019)
Location Type
Percentage of Crashes
Intersections
27.3%
Not Intersections
72.5%
Unknown
0.2%
Table 13: Motor Vehicle Crashes by Weather Type (2019)
Weather Type
Percentage of Crashes
Weather-related
21%
Table 14: Weather-related Motor Vehicle Crashes by Pavement Condition (2019)
Pavement Condition
Percentage of Crashes
Wet pavement
70%
Rainfall
46%
Snow or sleet
18%
Snowy or slushy pavement
16%
Icy pavement
13%
Fog
3%
Taxi & Limousine Latest Statistics
Metric
Percentage
Alcohol impaired driving accounts for
More than 30%
Rate of under21 drunk driving fatalities per 100,000 population (last decade)
Declined by 29%
Large truck drivers in fatal crashes with BAC of 0.08% or more
2.0%
Light truck drivers in fatal crashes with BAC of 0.08% or more
18.9%
Car drivers in fatal crashes with BAC of 0.08% or more
20.4%
Motorcyclists in fatal crashes with BAC of 0.08% or more
28.7%
Persons killed in motor vehicle accidents with BAC of 0.15% or more
Wrongway drivers in fatal crashes on divided highways with BAC of 0.08% or more
60.1%
Rightway drivers in fatal crashes on divided highways with BAC of 0.08% or more
11.0%
Chance of fatal crash for drivers aged 16-20 with BAC of 0.08%
10 times higher than BAC of 0
Drivers with BAC at or above 0.08% in a recent survey
1.5%
Drivers with BAC at or above 0.08% in a 1973 survey
7.5%
Car drivers aged 70 and older with BAC of 0.08% or more
9%
Car drivers aged 60-69 with BAC of 0.08% or more
19%
Car drivers aged 16 with BAC of 0.08% or more
35%
Estimate of crash deaths prevented if all drivers with BAC of 0.08% or more were prevented from driving
25%
Bicyclists ages 16 and older killed in 2019 with BAC of 0.08% or more
21%
Bicyclist fatalities in 2019 in which bicyclist had BAC of 0.08% or more
16%
Bicyclist fatalities in 2019 in which car driver had BAC of 0.08% or more
8%
Bicyclist fatalities in 2019 in which both bicyclist and car driver had BAC of 0.08% or more
3%
Pedestrians 16 and older killed in nighttime crashes with BAC of 0.08% or more
42% (2019)<br> 61% (1982)
Pedestrians 16 and older killed in daytime crashes with high BAC
23% (2018)<br> 27% (1982)
Pedestrian fatalities in 2019 in which pedestrian had BAC of 0.08% or more
26%
Pedestrian fatalities in 2019 in which car driver had BAC of 0.08% or more
7%
Pedestrian fatalities in 2019 in which both pedestrian and car driver had BAC of 0.08% or more
5%
Alcohol positive drivers killed in crashes who also tested positive for drugs (2006-2016)
Increased by 16%
Drug positive drivers killed in crashes in 2016 who tested positive for marijuana and opioids
4%
Taxi & Limousine Facts:
The first taxi company was established in 1897 in Paris, France.
The first car used for taxi service was the Mercedes Benz W123.
New York City has the largest taxi fleet in the world, with over 13,000 taxis.
London has the oldest taxi fleet in the world, with the first taxi being introduced in 1865.
In some countries, such as Japan, taxi drivers must pass a rigorous test in order to become licensed.
Taxi & Limousine Benefits:
Convenient: Taxis and limousines offer a convenient mode of transportation, allowing people to get where they need to go quickly and easily.
Safe: Taxis and limousines are safe modes of transportation, as they are driven by licensed drivers who undergo background checks.
Reliable: Taxis and limousines are available 24/7, ensuring that people can get where they need to go even in the middle of the night.
Affordable: Taxis and limousines offer affordable prices, making them a great option for people on a budget.
Taxi & Limousine Trends:
Rise of Ride-Hailing Apps: The rise of ride-hailing apps, such as Uber and Lyft, has disrupted the taxi and limousine industry, leading to a decline in the number of traditional taxi drivers.
Increased Adoption of Electric Vehicles: The increased adoption of electric vehicles, such as Tesla, is expected to have a positive impact on the taxi and limousine industry, as they are more environmentally friendly and cost-effective to operate.
Growth of the Gig Economy: The growth of the gig economy is expected to lead to an increase in the number of people working as taxi and limousine drivers.
Taxi & Limousine Adoption:
In 2020, the adoption of ride-hailing apps was highest in North America, with a penetration rate of 48%.
In Europe, the adoption of ride-hailing apps was lower, with a penetration rate of 38%.
In Asia, the adoption of ride-hailing apps was even lower, with a penetration rate of 28%.
Taxi & Limousine Market Analysis:
In 2020, the global ride-hailing app market was dominated by Uber, with a market share of 39%.
In the US, Lyft was the second largest player, with a market share of 27%.
In Europe, the largest player was Didi Chuxing, with a market share of 27%.
Taxi & Limousine Demographics:
The majority of taxi and limousine users are aged 25-34, making up 32% of the market.
Women make up 49% of the market, while men make up 51%.
The majority of taxi and limousine users have a household income of $50,000 or more, making up 57% of the market.
Taxi & Limousine Software:
The most popular taxi and limousine software includes Uber for Business, Lyft for Work, and Dispatch.
These software solutions offer features such as real-time tracking, automated billing, and driver management.
Taxi & Limousine Opportunities:
Expansion into Emerging Markets: The taxi and limousine industry has great potential for expansion into emerging markets, such as Africa and Asia.
Diversification into New Services: The taxi and limousine industry has the opportunity to diversify into new services, such as food delivery and package delivery.
Adoption of New Technologies: The taxi and limousine industry has the opportunity to adopt new technologies, such as autonomous vehicles and virtual reality, to improve the customer experience.
Taxi & Limousine Challenges:
Competition from Ride-Hailing Apps: The taxi and limousine industry faces significant competition from ride-hailing apps, which offer similar services at lower prices.
Regulation: The taxi and limousine industry is heavily regulated, which can make it difficult to operate and innovate.
Environmental Concerns: The taxi and limousine industry contributes to air pollution and climate change, which can be a challenge for the industry in the future.
What is the global taxi market size?
The global taxi market size was valued at $102.56 billion in 2019.
How many taxis and limousine drivers are there in the US?
There were approximately 787,000 taxis and limousine drivers in the US in 2020.
What is the average salary of a taxi or limousine driver in the US?
The average salary of a taxi or limousine driver in the US is $25,580 per year.
What is the average cost of a taxi ride in the US?
The average cost of a taxi ride in the US is $16.
Conclusion:
Taxi and limousine services are an essential part of our transportation system, offering people a convenient, safe and reliable way to get where they need to go. By understanding the latest statistics, facts, benefits, trends, adoption, market analysis, demographics, software, opportunities, challenges, and FAQs, we can gain a better understanding of the industry and its future potential.
