GITNUX MARKETDATA REPORT 2024

Limousine Industry Statistics

The limousine industry generates billions of dollars in revenue annually and is anticipated to experience steady growth in the coming years.

Statistic 1

"The average cost of renting a limousine in the U.S. is between $75 and $300 per hour."

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Statistic 2

"The limo rental industry in the United States grew by 5% annually from 2015 to 2019."

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Statistic 3

"Around 50% of limousine services are used for weddings and proms."

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Statistic 4

"The majority of limo service users fall within the 25-45 age range."

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Statistic 5

"Around 80% of limousine companies are small businesses with fewer than 5 vehicles."

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Statistic 6

"Limousine accident rates have decreased by 15% from 2015 to 2020."

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Statistic 7

"The Asia-Pacific region is expected to be the fastest-growing market for limousines over the next decade."

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Statistic 8

"Stretch limousines account for about 35% of the limousine market."

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Statistic 9

"Almost 60% of limousine service bookings are made for corporate transportation."

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Statistic 10

"Limousines represent less than 0.01% of the total vehicle fleet in the United States."

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Statistic 11

"New York City is the largest market for limousine services in the United States."

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Statistic 12

"Limo drivers in the U.S. earn an average salary of $30,000-$45,000 per year."

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Statistic 13

"Electric limousines are expected to grow by 10% per year over the next decade."

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Statistic 14

"The global limousine services market was valued at approximately $11 billion in 2020."

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Statistic 15

"The average age of a limousine in commercial use is approximately 3-4 years."

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Statistic 16

"Limousine service complaints primarily involve high costs or poor service, constituting over 30% of all complaints."

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Statistic 17

"75% of limo operators offer online booking services."

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Statistic 18

"The COVID-19 pandemic caused a 40% drop in limousine service revenues in 2020."

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Statistic 19

"The highest demand for limo services occurs during the spring and summer seasons."

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Statistic 20

"In 2020, there were over 130,000 limousine companies operating in the United States."

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