Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has declined at a CAGR of 3.4 % over the past five years, to reach an estimated £9.8bn in 2025.
Trends and Insights
Operational disruptions alter the industry’s revenue prospects
- Over the last five years, the Taxi Operations industry has grappled with major disruptions. The pandemic initially hit hard, followed by economic challenges as inflation squeezed passenger incomes and escalated costs for operators. These factors combined have created substantial hurdles for the industry’s recovery and have seen industry’s average profit margin remain below pre-pandemic levels.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Stricter environmental standards will continue to provide opportunities for taxicabs
- Launched in London in 2019 and expanded in August 2023, the ULEZ has led to stricter environmental regulations. Older vehicle drivers incur charges in Central London, pushing taxis to switch to electric or hybrid models to avoid additional costs.
Biggest companies in the Taxi Operation in the UK
| Company | Market Share (%)
2025 | Revenue (£m)
2025 |
|---|---|---|
Atlas Topco Ltd | 221.1 | |
Veezu Group Ltd | 125.8 | |
GT Gettaxi (UK) Ltd | 66.1 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Taxicabs and Private-hire vehicles. Taxicabs is the largest segment of the Taxi Operation in the UK.
Trends and Insights
Private-hire vehicles have gained significant traction amid the digital transformation of services
- Private-hire vehicles (PHVs) offer pre-booked transport services that cannot be hailed on the street, primarily competing with taxis on price. Unlike taxicabs, minicabs must be arranged in advance, allowing customers time to search and negotiate prices.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The industry provides for-hire vehicle transport on British roads, including hackney carriages (black cabs), private-hire vehicles, limousines, executive cars and wedding cars. The sector also includes companies that exclusively provide related services, including taxicab owners.
What's included in this industry?
Private-hire vehiclesTaxicabsCompanies
Atlas Topco LtdVeezu Group LtdGT Gettaxi (UK) LtdPurchase this report to view all 4 major companies in this industry.
Related Terms
PRIVATE-HIRE VEHICLE (PHV)HACKNEY CARRIAGETAXICABHIRE AND REWARDLICENSED PRIVATE CAR HIRE ASSOCIATIONPUBLIC CARRIAGE OFFICEZERO EMISSION CAPABLE VEHICLESIndustry Code
SIC 49.32 - Taxi Operation in the UK
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Ridesharing apps destabilise traditional taxis. Established taxi operations are stumbling under the pressing competition from ridesharing services like Uber, forcing traditio...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Private-hire vehicle services outperform traditional taxicabs. Thanks to the adoption of innovative technology, including smartphone connectivity, GPS tracking and pre-bookin...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2025
- Product innovation level
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
London dominates the UK's Taxi Operation industry. The city's high tourist draw, lack of taxi licensing limits, high congestion and extensive public transportation system mak...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each region in 2025
- Number and share of revenue each region accounts for in 2025
- Number and share of wages each region accounts for in 2025
- Number and share of employees in each region in 2025
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The taxi industry battles fierce internal rivalry. Predominantly self-employed, taxi companies vie for dominance through price, service quality or advanced tech-based booking...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry has no significant players thanks to its highly fragmented nature. The industry is predominantly filled with companies operating in specific areas, reducing comp...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
- Overview of Atlas Topco Ltd's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Veezu Group Ltd's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of GT Gettaxi (UK) Ltd's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Atlas Topco Ltd, and factors influencing its performance in the industry
- Description and key data for Veezu Group Ltd, and factors influencing its performance in the industry
- Description and key data for GT Gettaxi (UK) Ltd, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
London taxis are required to be Zero Emission Capable. This threatens some taxi operators. Compelling adherence to the Euro 6 emissions standard pushes the industry towards e...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The proliferation of ridesharing apps is denting profitability. These apps exert significant pressure on fare prices and intensify operational expenses, limiting profitabilit...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2019-2023)
- Coverage Ratios (2019-2023)
- Leverage Ratios (2019-2023)
- Operating Ratios (2019-2023)
- Assets (2019-2023)
- Liabilities (2019-2023)
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Taxi Operation in the UK industry in United Kingdom in 2025?
The market size of the Taxi Operation in the UK industry in United Kingdom is £9.8bn in 2025.
How many businesses are there in the Taxi Operation in the UK industry in 2025?
There are 16,374 businesses in the Taxi Operation in the UK industry in United Kingdom, which has declined at a CAGR of 0.5 % between 2020 and 2025.
Has the Taxi Operation in the UK industry in United Kingdom grown or declined over the past 5 years?
The market size of the Taxi Operation in the UK industry in United Kingdom has been declining at a CAGR of 3.4 % between 2020 and 2025.
What is the forecast growth of the Taxi Operation in the UK industry in United Kingdom over the next 5 years?
Over the next five years, the Taxi Operation in the UK industry in United Kingdom is expected to grow.
What are the biggest companies in the Taxi Operation in the UK market in United Kingdom?
The biggest companies operating in the Taxi Operation market in United Kingdom are Atlas Topco Ltd, Veezu Group Ltd and GT Gettaxi (UK) Ltd
What does the Taxi Operation in the UK in United Kingdom include?
Private-hire vehicles and Taxicabs are part of the Taxi Operation in the UK industry.
Which companies have the highest market share in the Taxi Operation in the UK in United Kingdom?
The company holding the most market share in United Kingdom is Atlas Topco Ltd.
How competitive is the Taxi Operation in the UK industry in United Kingdom?
The level of competition is high and increasing in the Taxi Operation in the UK industry in United Kingdom.
Related Industries
Widen your competitive advantage with related industries
Competitors
View all industries in United Kingdom
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the UK include:
- Office for National Statistics
- Office for Budget Responsibility
- Bank of England
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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