Market Overview:
Public transportation is an important part of the infrastructure in many countries. It helps reduce traffic congestion and pollution, while providing a low-cost option for getting around. The global commuter rail and public bus services market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market was valued at USD 190.8 billion in 2017 and is projected to reach USD 283.9 billion by 2030. The commuter rail services segment accounted for the majority of the market share in 2017, owing to the increasing demand for efficient and affordable transportation options across developed economies such as North America and Europe . However, the public bus services segment is projected to grow at a higher CAGR during the forecast period, due to rising demand from developing countries such as India , China , and Brazil .
Product Definition:
Commuter rail and public bus services are important for two reasons. First, they provide an affordable way for people to get around. Second, they reduce traffic congestion on our roads.
Commuter Rail Services (Metro and MMTS):
Commuter rail services are local passenger trains that operate between a station or stations in a city and the outermost commuter zone. They are generally used for travel within a metropolitan area, but not all cities have them. Commuter rail is often called as Metra or just plain train.
Public Bus Services:
Public bus services are operated by private companies on a contract basis with local government or public transport agencies. Public buses can be used for general transportation of passengers and goods within a defined geographical area. They constitute one of the major modes of passenger transport that has been evolving over the past few decades in response to changing lifestyles, economic growth, and demand for improved mobility.
Application Insights:
The adults segment held the largest share of 60.0% in 2016. The growing working population and awareness regarding affordable public transport are the key factors driving this segment. Furthermore, increasing disposable income levels has resulted in an increase in passenger cars on roads leading to a rise in demand for efficient public transportation systems that do not require passengers to own vehicles or drive them every day.
Global commuter rail.
Ridership on North America's commuter rail system grew by 2.1% from 2017 to 2018 owing to economic recovery along with increased trips made due largely to expansion projects undertaken by various operators across the U.S.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue share in 2018. The region is expected to continue its dominance over the forecast period owing to increasing disposable income, rising population, and rapid urbanization and industrialization. Moreover, growing awareness regarding health benefits associated with cycling commutes is expected to drive demand for public bus services across this region.
North America accounted for a significant share of global revenue in 2018 owing to high investments made by governments towards improving existing rail infrastructure and rolling out new systems such as automated train operation (ATO). In addition, introduction of smart card based fares has helped reduce costs incurred from purchasing tickets at stations or online. This factor is also likely to contribute toward regional growth over the forecast period.
Europe was estimated as second largest regional market after Asia Pacific in 2018 due to increasing focus on developing sustainable transport solutions that are environment-friendly.
Growth Factors:
- Increasing population and congestion on roads: The population in many countries is growing at a fast pace. This is resulting in increased traffic on the roads, which is leading to longer commute times and more pollution. There is a need for alternate modes of transportation such as commuter rail and public bus services to reduce the traffic congestion and improve air quality.
- Government initiatives: Governments are investing in commuter rail and public bus services to provide better transportation options for their citizens. They are also providing subsidies and other incentives to promote these modes of transportation over private vehicles.
- Improved infrastructure: Many cities are upgrading their infrastructure to accommodate commuter rail and public bus services. This includes building new tracks or lanes for trains or buses, as well as installing new signals or ticketing systems. This improved infrastructure makes it easier for people to use these modes of transportation, which helps boost ridership numbers..
Scope Of The Report
Report Attributes
Report Details
Report Title
Commuter Rail and Public Bus Services Market Research Report
By Type
Commuter Rail Services (Metro and MMTS), Public Bus Services
By Application
Global Commuter Rail and Public Bus Services Market Share by End User: 2016 VS 2021 VS 2027, Adults, Children
By Companies
East Japan Railway, MTR, Central Japan Railway, Canadian Pacific Railway, West Japan Railway
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Commuter Rail and Public Bus Services Market Report Segments:
The global Commuter Rail and Public Bus Services market is segmented on the basis of:
Types
Commuter Rail Services (Metro and MMTS), Public Bus Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Global Commuter Rail and Public Bus Services Market Share by End User: 2016 VS 2021 VS 2027, Adults, Children
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- East Japan Railway
- MTR
- Central Japan Railway
- Canadian Pacific Railway
- West Japan Railway
Highlights of The Commuter Rail and Public Bus Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Commuter Rail Services (Metro and MMTS)
- Public Bus Services
- By Application:
- Global Commuter Rail and Public Bus Services Market Share by End User: 2016 VS 2021 VS 2027
- Adults
- Children
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commuter Rail and Public Bus Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commuter rail is a type of public transportation that primarily serves commuters in urban areas. It consists of passenger trains that operate on dedicated tracks between major cities. Public bus services are a type of transportation used by people who do not have cars or need to travel short distances. They typically use large buses that can carry many passengers at once and are often cheaper than other forms of transportation.
Some of the key players operating in the commuter rail and public bus services market are East Japan Railway, MTR, Central Japan Railway, Canadian Pacific Railway, West Japan Railway.
The commuter rail and public bus services market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commuter Rail and Public Bus Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commuter Rail and Public Bus Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commuter Rail and Public Bus Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commuter Rail and Public Bus Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commuter Rail and Public Bus Services Market Size & Forecast, 2020-2028
4.5.1 Commuter Rail and Public Bus Services Market Size and Y-o-Y Growth
4.5.2 Commuter Rail and Public Bus Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Commuter Rail Services (Metro and MMTS)
5.2.2 Public Bus Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Global Commuter Rail and Public Bus Services Market Share by End User: 2016 VS 2021 VS 2027
6.2.2 Adults
6.2.3 Children
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commuter Rail and Public Bus Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commuter Rail and Public Bus Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Commuter Rail Services (Metro and MMTS)
9.6.2 Public Bus Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Global Commuter Rail and Public Bus Services Market Share by End User: 2016 VS 2021 VS 2027
9.10.2 Adults
9.10.3 Children
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Commuter Rail Services (Metro and MMTS)
10.6.2 Public Bus Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Global Commuter Rail and Public Bus Services Market Share by End User: 2016 VS 2021 VS 2027
10.10.2 Adults
10.10.3 Children
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Commuter Rail Services (Metro and MMTS)
11.6.2 Public Bus Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Global Commuter Rail and Public Bus Services Market Share by End User: 2016 VS 2021 VS 2027
11.10.2 Adults
11.10.3 Children
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Commuter Rail Services (Metro and MMTS)
12.6.2 Public Bus Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Global Commuter Rail and Public Bus Services Market Share by End User: 2016 VS 2021 VS 2027
12.10.2 Adults
12.10.3 Children
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Commuter Rail Services (Metro and MMTS)
13.6.2 Public Bus Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Global Commuter Rail and Public Bus Services Market Share by End User: 2016 VS 2021 VS 2027
13.10.2 Adults
13.10.3 Children
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commuter Rail and Public Bus Services Market: Competitive Dashboard
14.2 Global Commuter Rail and Public Bus Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 East Japan Railway
14.3.2 MTR
14.3.3 Central Japan Railway
14.3.4 Canadian Pacific Railway
14.3.5 West Japan Railway
