Industry revenue of “limousine service“ in the U.S. 2011-2023

Rising consumer spending corporate demand and the increasing propensity to spend on luxury experiences, has driven the market for limousine services in the U.S. for long. However, the market has been falling gradually after 2015, with the next few years expected to be no different. One of the main reasons for this is the increasing popularity of ride-hailing in the country with the market expected to almost double in revenues over the period 2017 and 2023. The U.S. market really only has two major companeis with Uber being the dominant player by far followed by Lyft.

U.S. leads the market

The U.S. is the largest market for taxi and limousine services globally, with a Goldman Sachs study pegging the market at almost 19 billion U.S. dollars in 2016, ahead of Japan, the UK, France and Germany. Therefore it is no surprise that the industry accounted for the highest share of employment among taxi drivers and chauffeurs.

Industry revenue of “limousine service“ in the U.S. from 2011 to 2023

Revenue in million U.S. Dollars
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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

The industry classification is based on the Naics 2017 - system in the U.S.. The industry “limousine service“ has the code “48532“.

Details on the methodology can be found here.

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