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ProcurementIQ’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. ProcurementIQ’s Taxicab Services procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Taxicab Services - Recent Price Trend

In the three years to 2017, taxicab service prices have been rising at an estimated annualized rate of 1.1% as a result of growing demand. However, price growth has been limited due to declining input costs, particularly for gasoline, and strong competition in the market from ridesharing services, such as Uber and Lyft, which do not face the same fare regulations as taxicab companies.Consumer.

Taxicab Services - Total Cost of Ownership

The total cost of ownership for taxicab services is low. Therefore, buyers should expect to pay less than 50.0% of the benchmark price in additional annual costs when using this service. Low total cost of ownership benefits buyers because it makes it easier for them to budget for expenses when using taxicab services.Because state and municipal transportation commissions set fares for taxicab.

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About this Report

This report is intended to assist buyers of taxicab services. Taxicab service providers transport passengers by automobile or van and do not operate on regular routes or schedules. Taxicab drivers typically operate as independent contractors but are excluded from the total number of suppliers in the market because buyers do not purchase services directly from them. Instead, buyers normally procure services from taxicab companies. Although this report focuses on traditional taxicab companies, it also includes ridesharing companies, such as Uber and Lyft. This report excludes other services that are exclusively on-demand, such as limousine services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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