Global Public Transport Market Overview:
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 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
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
Competitive Landscape:
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.
Some of the key players profiled in the report are 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). Analyst at AMA Research see European Manufacturers to retain maximum share of Global Public Transport market by 2030. Considering Market by Ownership, the sub-segment i.e. Government will boost the Public Transport market. Considering Market by Mode of Transport, the sub-segment i.e. Railway (Heavy Rail Transit, Light Rail Transit, Tram) will boost the Public Transport market. Considering Market by Booking Type, the sub-segment i.e. Online will boost the Public Transport market.
What Can be Explored with the Public Transport Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Public Transport Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Public Transport
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Public Transport market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Public Transport market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes 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.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.