Market Overview:
Public transport is a shared passenger transportation service which is available for use by the general public. It includes modes such as bus, tram, underground (metro), regional taxi, light rail, train and high-speed line south. The global public transport market was valued at US$ 1,711.8 Bn in 2017 and is projected to grow at a CAGR of 5.1% from 2018 to 2030 to reach US$ 2,564.4 Bn by 2030. The global public transport market has been segmented on the basis of type into bus, tram, underground (metro), regional taxi, light rail and train segments; on the basis of application into city and rural segments; and on the basis of region into North America,, Latin America,, Europe,, Asia Pacificand Middle East & Africa regions .
Product Definition:
Public transport is a mode of transport that is available for use by the general public. It includes modes such as buses, trains, ferries and taxis. The importance of public transport lies in its ability to provide an affordable and efficient way for people to get around cities. Public transport also helps reduce traffic congestion and pollution levels in cities.
Bus:
Bus is a passenger transport vehicle used to carry more than 15 passengers and operated by a regular driver. It can be operated with the help of either diesel or electric power. The term “bus” is generally used for vehicles that are used for public transportation; however, it also refers to privately owned buses that are used to provide transportation within a particular region or city.
The global bus market size was valued at USD 434 billion in 2016.
Tram:
Tram is a self-powered vehicle that uses tracks to move on wheels. Trams are usually powered by electricity, but some models use steam or diesel as power source. It is mainly used for public transport and also forms the core of many public transportation systems. The primary function of trams is to provide a fast mode of urban transit; they may also be used for carrying goods in certain cases.
The market size spans across different regions with different standards.
Application Insights:
The city application segment accounted for the largest revenue share of over 70% in 2017. The growth is attributed to the extensive use of public transport services within urban areas. In addition, increasing penetration of smartphones has enabled passengers to easily avail bus, tram and metro services through App-based intermodal Transport Management Systems (TMS). This factor is likely to drive the demand for global public transport systems over the forecast period.
Rural applications are expected to witness significant growth owing to rising disposable income among consumers in developing countries such as India and China. Furthermore, governments across various countries are focusing on improving connectivity between cities and rural areas by expanding railway networks or building new highways. These factors are likely to fuel market expansion over the coming years.
Regional Analysis:
Asia Pacific is estimated to be the largest regional market over the forecast period. The growth of this region can be attributed to increasing government investments in urban transport infrastructure and rising passenger traffic. For instance, China has implemented various schemes for improving its aging transport network such as National New-type Urban Public Transport (NUTP) scheme which includes new high-speed intercity trains, new metro lines, and other rapid transit systems. Moreover, growing population coupled with rapid urbanization in India is expected to drive demand for public transportation over the next eight years.
Europe was estimated as the second largest global market in 2017 owing to increasing focus on reducing carbon footprint by replacing diesel buses with electric vehicles or hybrid buses/trains etc., Furthermore; initiatives such as “Low Emission Bus Europe†program are aimed at encouraging development of low emission bus technology across European countries thus driving industry growth over next seven years.
Growth Factors:
- Increasing population – The world population is expected to grow to 9.7 billion by 2050, which will lead to an increase in the number of people using public transport.
- Urbanization – More people are moving into cities, which is leading to increased demand for public transport services.
- Economic growth – As economies grow, more people have the ability and desire to use public transport services.
- Environmental concerns – People are becoming increasingly aware of the environmental impacts of transportation and are looking for alternatives to cars and planes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Public Transport Market Research Report
By Type
Bus, Tram, Underground (Metro), Regional taxi, Light rail, Train, High-speed line South
By Application
City, Rural
By Companies
Metropolitan Transportation Authority, Transport For London, MTR Corporation, Guangzhou Metro, Madrid Metro, Washington Metropolitan Transit Authority, Seoul Subway, The Massachusetts Bay Transit Authority, Chicago Transit Authority, Bay Area Rapid Transit
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Public Transport Market Report Segments:
The global Public Transport market is segmented on the basis of:
Types
Bus, Tram, Underground (Metro), Regional taxi, Light rail, Train, High-speed line South
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
City, Rural
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:
- Metropolitan Transportation Authority
- Transport For London
- MTR Corporation
- Guangzhou Metro
- Madrid Metro
- Washington Metropolitan Transit Authority
- Seoul Subway
- The Massachusetts Bay Transit Authority
- Chicago Transit Authority
- Bay Area Rapid Transit
Highlights of The Public Transport 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:
- Bus
- Tram
- Underground (Metro)
- Regional taxi
- Light rail
- Train
- High-speed line South
- By Application:
- City
- Rural
- 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 Public Transport 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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- Product & Brand Management
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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?
Public transport is a system of transportation that allows people to travel between different points without having to own a car. Public transport can be either bus, train, or boat.
Some of the key players operating in the public transport market are Metropolitan Transportation Authority, Transport For London, MTR Corporation, Guangzhou Metro, Madrid Metro, Washington Metropolitan Transit Authority, Seoul Subway, The Massachusetts Bay Transit Authority, Chicago Transit Authority, Bay Area Rapid Transit.
The public transport market is expected to grow at a compound annual growth rate of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Public Transport 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 Public Transport Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Public Transport 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 Public Transport 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 Public Transport Market Size & Forecast, 2018-2028
4.5.1 Public Transport Market Size and Y-o-Y Growth
4.5.2 Public Transport Market Absolute $ Opportunity
Chapter 5 Global Public Transport 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 Public Transport Market Size Forecast by Type
5.2.1 Bus
5.2.2 Tram
5.2.3 Underground (Metro)
5.2.4 Regional taxi
5.2.5 Light rail
5.2.6 Train
5.2.7 High-speed line South
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Public Transport 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 Public Transport Market Size Forecast by Applications
6.2.1 City
6.2.2 Rural
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Public Transport 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 Public Transport 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 Public Transport Analysis and Forecast
9.1 Introduction
9.2 North America Public Transport 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 Public Transport Market Size Forecast by Type
9.6.1 Bus
9.6.2 Tram
9.6.3 Underground (Metro)
9.6.4 Regional taxi
9.6.5 Light rail
9.6.6 Train
9.6.7 High-speed line South
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 Public Transport Market Size Forecast by Applications
9.10.1 City
9.10.2 Rural
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 Public Transport Analysis and Forecast
10.1 Introduction
10.2 Europe Public Transport 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 Public Transport Market Size Forecast by Type
10.6.1 Bus
10.6.2 Tram
10.6.3 Underground (Metro)
10.6.4 Regional taxi
10.6.5 Light rail
10.6.6 Train
10.6.7 High-speed line South
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 Public Transport Market Size Forecast by Applications
10.10.1 City
10.10.2 Rural
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 Public Transport Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Public Transport 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 Public Transport Market Size Forecast by Type
11.6.1 Bus
11.6.2 Tram
11.6.3 Underground (Metro)
11.6.4 Regional taxi
11.6.5 Light rail
11.6.6 Train
11.6.7 High-speed line South
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 Public Transport Market Size Forecast by Applications
11.10.1 City
11.10.2 Rural
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 Public Transport Analysis and Forecast
12.1 Introduction
12.2 Latin America Public Transport 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 Public Transport Market Size Forecast by Type
12.6.1 Bus
12.6.2 Tram
12.6.3 Underground (Metro)
12.6.4 Regional taxi
12.6.5 Light rail
12.6.6 Train
12.6.7 High-speed line South
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 Public Transport Market Size Forecast by Applications
12.10.1 City
12.10.2 Rural
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) Public Transport Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Public Transport 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) Public Transport Market Size Forecast by Type
13.6.1 Bus
13.6.2 Tram
13.6.3 Underground (Metro)
13.6.4 Regional taxi
13.6.5 Light rail
13.6.6 Train
13.6.7 High-speed line South
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) Public Transport Market Size Forecast by Applications
13.10.1 City
13.10.2 Rural
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 Public Transport Market: Competitive Dashboard
14.2 Global Public Transport Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Metropolitan Transportation Authority
14.3.2 Transport For London
14.3.3 MTR Corporation
14.3.4 Guangzhou Metro
14.3.5 Madrid Metro
14.3.6 Washington Metropolitan Transit Authority
14.3.7 Seoul Subway
14.3.8 The Massachusetts Bay Transit Authority
14.3.9 Chicago Transit Authority
14.3.10 Bay Area Rapid Transit
