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Public Transportation Market

Public Transportation Market Size, Share and Segmentation by Type (Bus, Light rail, Metro, Regional taxi, Tram), by Application (Rural, City), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1209 | May 2022 | Region: Global | 120 Pages

Report Scope & Overview:

Public Transportation Market Size was valued at USD 207 billion in 2021 and is expected to reach USD 307.16 billion by 2028 and grow at a CAGR of 5.8% over the forecast period 2022-2028.

The need for public transportation vehicles has increased in recent years as industrialization and urbanization have increased. Public transportation vehicles are open to the general public and usually operate in regional and local passenger transit systems with established routes, fixed schedules, and a set fare for each journey. Most public transportation excursions, on the other hand, have predetermined pickup spots and require either walking to reach the destination or the use of private transportation services such as share taxis. Furthermore, public transportation vehicles provide a number of advantages, ranging from cost savings to reduced pollution.

Public Transportation Market Revenue Graph

The worldwide public transportation market's demand and supply are steadily expanding. The net worth of this sector has increased dramatically as a result of advancements in public transportation facilities and the desire to save time in traffic while also reducing emissions from private vehicles, as well as the increasing development of public transportation facilities in various regions.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • Consumer preferences are shifting toward carpooling, train travel, ride-sharing, air travel, and bus travel.

  • Increase in urban population and easier and more convenient transportation for these people.

  • Many raw material supplying industries are shifting their focus to distributing their goods via public transportation.

  • The communication and information sectors are expanding.

  • Public transportation provides time and money-saving transportation options.

  • Increased public transportation knowledge across all industries.

RESTRAINTS: 

  • Commute preference for passenger automobiles and two-wheelers is growing.

  • Political systems that favor public transportation investments stifle global market expansion.

  • People's rising living standards are leading them to choose private vehicles.

OPPORTUNITIES: 

  • Government efforts to upgrade public transportation infrastructure in order to attract more users.

  • Increasing use of intelligent transportation systems.

  • The growing awareness of smart technology will create further prospects for public transportation.

CHALLENGES: 

  • One of the biggest worries about public transportation is security.

  • High capital expenditure is required to construct new efficient transportation systems.

  • Accelerated urbanization has followed the rapid pace of economic reform.

IMPACT OF COVID-19:

The global pandemic of Covid-19 harmed public transportation, reducing industry growth in 2020. Commuters preferred to use private and personal transportation as the Covid-19 epidemic spread, causing public transportation ridership to plummet around the world. Under the shadow of the Covid-19 epidemic, the market is likely to recover and grow at a steady rate during the projection period. Governments all throughout the world have shut down public transportation vehicle services in the middle of the world's worst public health crisis, triggered by a unique coronavirus pandemic. Furthermore, severe social distancing rules have slowed the expansion of public transportation vehicles. With transmission rates greater in congested areas, global public transportation will continue to deteriorate in the near future.

KEY MARKET PLAYERS:

Seoul Metro (South Korea), Madrid Metro, Transport For London (UK), The San Diego Metropolitan Transit System (US), TEMSA Global, MTR Corporation (Hong Kong), Metropolitan Transportation Authority (US), Gillig Corporation, Chicago Transit Authority (US), Bay Area Rapid Transit (BART) (US), and Massachusetts Bay Transportation Authority (US), are some of the major players in the industry.

MARKET ESTIMATION: 

Market, By Type:

The market is divided into five categories based on the kind of type: bus, light rail, metro, regional taxi, and tram. The segment is growing due to increased availability and ridership of the road transportation system. The bus rapid system aims to provide more flexible, dependable, and speedier transportation while simultaneously contributing to the growth of the road segment.

Market, By Application:

The market is divided into applications, which are further divided into rural, and city. In 2019, the city sector had a strong market share. Urbanization and the worldwide population expansion are predicted to increase the need for improved public transportation networks in metropolitan regions

MARKET SEGMENTATION

By Type:

  • Bus

  • Light rail

  • Metro

  • Regional taxi 

  • Tram

By Application:

  • Rural

  • City

Public Transportation Market Segment Chart

REGIONAL ANALYSIS:

South America and Middle East Asia, which are included in the rest of the world, have seen incredible growth in recent years, thanks to a focus on controlling emissions and rapid expansion in the public transportation region, as well as a reduction in the use of private vehicles. If we talk about the South American market, Argentina, Peru, Chile, and Columbia come to mind. Argentina's government has been expanding its public bus transportation system. The World Bank has granted a loan of USD 45 million to finance various infrastructure projects. During the foreseeable period, these investments are likely to promote global public transportation growth.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Public Transportation Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 207  Billion
Market Size by 2028 US$ 307.16  Billion
CAGR CAGR of 5.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Bus, Light rail, Metro, Regional taxi, Tram)
• by Application (Rural, City),
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Seoul Metro (South Korea), Madrid Metro, Transport For London (UK), The San Diego Metropolitan Transit System (US), TEMSA Global, MTR Corporation (Hong Kong), Metropolitan Transportation Authority (US), Gillig Corporation, Chicago Transit Authority (US), Bay Area Rapid Transit (BART) (US), and Massachusetts Bay Transportation Authority (US)
Key Drivers •Consumer preferences are shifting toward carpooling, train travel, ride-sharing, air travel, and bus travel.

•Increase in urban population and easier and more convenient transportation for these people.

•Many raw material supplying industries are shifting their focus to distributing their goods via public transportation.
RESTRAINTS •Commute preference for passenger automobiles and two-wheelers is growing.

•Political systems that favor public transportation investments stifle global market expansion.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Public Transportation Market Segmentation, by Type

8.1 Bus

8.2 Light rail

8.3 Metro

8.4 Regional taxi 

8.5 Tram

 

9. Global Public Transportation Market Segmentation, by Application

9.1 Rural

9.2 City

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 the USA

10.2.2  Canada

10.2.3  Mexico

10.3 Europe

10.3.1  Germany

10.3.2  the UK

10.3.3  France

10.3.4  Italy

10.3.5  Spain

10.3.6  The Netherlands

10.3.7  Rest of Europe

10.4 Asia-Pacific

10.4.1  Japan

10.4.2  South Korea

10.4.3  China

10.4.4  India

10.4.5  Australia

10.4.6  Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1  Israel

10.5.2  UAE

10.5.3  South Africa

10.5.4  Rest

10.6 Latin America

10.6.1  Brazil

10.6.2  Argentina

10.6.3  Rest of Latin America

 

11. Company Profiles

11.1 Seoul Metro (South Korea),

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Madrid Metro

11.3 Transport For London (UK)

11.4 The San Diego Metropolitan Transit System (US)

11.5 TEMSA Global

11.6 MTR Corporation (Hong Kong)

11.7 Metropolitan Transportation Authority (US)

11.8 Gillig Corporation

11.9 Chicago Transit Authority (US)

11.10 Bay Area Rapid Transit (BART) (US)

11.11 Massachusetts Bay Transportation Authority (US)

 

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

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Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

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