About Public Transport
The global public transport market plays a vital role in providing efficient and sustainable transportation options to millions of people worldwide. The market encompasses various modes of transport, including buses, rail systems, air travel, and water-based transport. It serves both urban and regional areas, connecting people within cities, between cities, and even across international borders. The market is driven by several factors, including the increasing urbanization, growing population, and rising concerns over environmental sustainability. Governments and transportation authorities are recognizing the need for accessible and affordable public transport solutions to alleviate traffic congestion, reduce emissions, and enhance mobility for all citizens. This has led to significant investments in expanding and upgrading public transport infrastructure and services globally. Technological advancements are also transforming the public transport sector. Integration of smart technologies and digital platforms has enabled real-time information systems, mobile ticketing, and seamless passenger experiences. These innovations have improved operational efficiency, enhanced passenger safety and security, and facilitated data-driven decision-making for service optimization.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Public Transport market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
FirstGroup (United Kingdom), Arriva (United Kingdom), Mobico Group (United Kingdom), BC Transit Corporation (United Kingdom), Stagecoach Group (United Kingdom), Berliner Verkehrsbetriebe (Germany), Deutsche Bahn AG (Germany), East Japan Railway Company (Japan), Keolis (France), RATP Group (France), Transdev (France), Metrobus (United Kingdom), Uber Technologies Inc. (United States) and Lyft Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Public Transport market by , Application (City and Rural) and Region.
On the basis of geography, the market of Public Transport has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Ownership, the sub-segment i.e. Government will boost the Public Transport market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode of Transport, the sub-segment i.e. Railway (Heavy Rail Transit, Light Rail Transit, Tram) will boost the Public Transport market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Booking Type, the sub-segment i.e. Online will boost the Public Transport market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Penetration of Autonomous Vehicles and Integration of Mobility Apps
Market Growth Drivers:
Increasing Traffic Congestion and Growing Awareness about Public Transportation and Growing Urbanization Across the Globe and Smart City Initiatives by Government
Challenges:
Limited Access to Transportation Services in Rural Areas
Restraints:
Lack of Acceptance of New Transit Modes Due To Last-Mile Connectivity Issue
Opportunities:
Government Initiatives and Investments to Build Infrastructure for Public Transportation and Rising Awareness of Environmental Concerns and Adoption of Electric & Hybrid Vehicles
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Public Transport Vehicle Manufacturers, Mobility as a Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.