£9.8bn
£XXX.Xm
246k
16,374
£X.Xbn
Over the five years through 2024-25, revenue is projected to dip at a compound annual rate of 3.4% to £9.8 billion. Taxi operations have faced challenging operating conditions thanks to increased competition from ridesharing services and volatile demand during the COVID-19 outbreak, which took away a considerable chunk of taxi customers. Over 2020-21, revenue collapsed by 49.6%. The industry has struggled to fully recover from COVID-19, with tourist levels only creeping back up to pre-pandemic levels in 2024-25. Ridesharing offerings like Uber have also eroded much of the industry's customer base, with international tourists familiar with the service.
Industry revenue has declined at a CAGR of 3.4 % over the past five years, to reach an estimated £9.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue (£m)
2025 |
---|---|---|
Atlas Topco Ltd | 221.1 | |
GT Gettaxi (UK) Ltd | 70.3 | |
Veezu Group Ltd | 63.3 |
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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.
Private-hire vehicles have gained significant traction amid the digital transformation of services
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.
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SIC 49.32 - Taxi Operation in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Including values and annual change:
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Key data sources in the UK include:
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:
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The market size of the Taxi Operation in the UK industry in United Kingdom is £9.8bn in 2024.
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 2019 and 2024.
The market size of the Taxi Operation in the UK industry in United Kingdom has been declining at a CAGR of 3.4 % between 2019 and 2024.
Over the next five years, the Taxi Operation in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Taxi Operation market in United Kingdom are Atlas Topco Ltd, GT Gettaxi (UK) Ltd and Veezu Group Ltd
Private-hire vehicles and Taxicabs are part of the Taxi Operation in the UK industry.
The company holding the most market share in United Kingdom is Atlas Topco Ltd.
The level of competition is high and increasing in the Taxi Operation in the UK industry in United Kingdom.