Product Code: MRFR/AM/7205-CR
Report on Public Transport Market Research Information by Mobility (Bus, Tram, Train, Car Sharing, and Others), By Propulsion (Diesel, Gasoline, Electric, and Others) By Ownership Type (Private Owned, and Public Owned) By End Use (Intracity, Intercity, and Others) and By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) Forecast Till 2032
Market Overview
The public transportation market was estimated at USD 2,67,300.19 million in 2023. The public transport market is expected to increase from USD 2,80,871.82 million in 2024 to USD 4,33,249.56 million by 2032, with a compound annual growth rate (CAGR) of 5.57% over the forecast period (2023-2032).
The public transportation market is changing because of technical advancements, urban population growth, environmental concerns, and shifts in consumer demand. There are various factors that influence PTP growth, but one of the most important is the increase in urbanization. As cities and populations grow, there is a greater demand for effective and efficient modes of mass transit. As markets become denser, traffic congestion becomes a concern in urban areas, emphasizing the importance of public transportation. Such authorities and planners are beginning to recognize the importance of investing in the development of public transportation systems as a means of decongesting highways, reducing travel time, and improving mobility for residents of such communities.
Market Segment insights
The Public Transport Market is divided into five segments based on mobility: bus, tram, train, car sharing, and others.
The market is segmented based on propulsion: diesel, gasoline, electric, and others.
The Public Transportation Market is divided into two segments based on ownership type: privately owned and publicly owned.
The market is divided into three segments based on end use: intracity, intercity, and others.
Regional insights
The study covers North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. By 2023, the Asia-Pacific Public Transport industry will account for roughly 34.58% of the global market. Asia Pacific public transportation has grown dramatically in recent years as urbanization, population growth, and environmental concerns have all increased. Asian countries such as China, India, Japan, and Australia lead the market due to their large urban populations and government initiatives aimed at reducing carbon emissions.
The public transportation market in North America has changed significantly in recent years because of demographic reasons, urbanization trends, technology advancement, and environmental effects. New York, Los Angeles, and Toronto are among the most populous cities in the United States and Canada, respectively, and they all rely on public transportation to meet the mobility needs of their growing urban populations. Transit vehicles such as buses, subways, light rail, ferries, and commuter trains dominate the market, and each play a role in ensuring connectivity.
Major Players
Metropolitan Transportation Authority, Transport for London, MRT Corporation, Chicago Transit Authority, Madrid Metro, Massachusetts Bay Transportation Authority, Washington Metropolitan Area Transit Authority, Seoul Metro, Bay Area Rapid Transit (BART), and The San Diego Metropolitan Transit System are among the key players in the public transportation market.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 GLOBAL PUBLIC TRANSPORT MARKET, BY MOBILITY
- 1.1.2 GLOBAL PUBLIC TRANSPORT MARKET, BY PROPULSION
- 1.1.3 GLOBAL PUBLIC TRANSPORT MARKET, BY OWNERSHIP TYPE
- 1.1.4 GLOBAL PUBLIC TRANSPORT MARKET, BY END-USE
- 1.1.5 GLOBAL PUBLIC TRANSPORT MARKET, BY REGION
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
- 2.5 KEY BUYING CRITERIA
3 RESEARCH METHODOLOGY
- 3.1 OVERVIEW
- 3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
- 3.3 PURCHASED DATABASE:
- 3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
- 3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
- 3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 CONSUMPTION & NET TRADE APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
- 3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
- 3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
- 3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
- 4.1 INTRODUCTION
- 4.2 DRIVERS
- 4.2.1 INCREASING URBANIZATION DRIVING DEMAND FOR EFFICIENT TRANSPORT SYSTEMS
- 4.2.2 GROWING ENVIRONMENTAL CONCERNS PROMOTING SUSTAINABLE TRANSPORTATION SOLUTIONS
- 4.3 RESTRAINTS
- 4.3.1 AGING PUBLIC TRANSPORT INFRASTRUCTURE REQUIRING COSTLY UPGRADES
- 4.3.2 COMPETITION FROM RIDE-SHARING AND PERSONAL VEHICLES
- 4.4 OPPORTUNITY
- 4.4.1 TECHNOLOGICAL ADVANCEMENTS IMPROVE OPERATIONAL EFFICIENCY AND SAFETY
- 4.4.2 INTEGRATION OF SMART TECHNOLOGIES ENHANCES USER EXPERIENCE
- 4.5 TECHNOLOGY TRENDS
- 4.5.1 ELECTRIC AND HYBRID VEHICLES
- 4.5.2 AUTONOMOUS PUBLIC TRANSPORT
- 4.5.3 MOBILITY AS A SERVICE (MAAS)
- 4.5.4 SMART TICKETING SYSTEMS
- 4.5.5 REAL-TIME DATA AND CONNECTIVITY
- 4.5.6 SUSTAINABILITY AND GREEN INITIATIVES
- 4.5.7 ENHANCED PASSENGER EXPERIENCE THROUGH TECHNOLOGY
- 4.5.8 INTEGRATION OF BIG DATA AND ANALYTICS
- 4.6 REGULATORY UPDATES
5 MARKET FACTOR ANALYSIS
- 5.1 VALUE CHAIN ANALYSIS
- 5.1.1 INFRASTRUCTURE DEVELOPMENT
- 5.1.2 VEHICLE PROCUREMENT
- 5.1.3 OPERATIONS MANAGEMENT
- 5.1.4 CUSTOMER SERVICE
- 5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
6 GLOBAL PUBLIC TRANSPORT MARKET, BY MOBILITY
- 6.1 INTRODUCTION
- 6.2 BUS
- 6.3 TRAM
- 6.4 TRAIN
- 6.5 CAR SHARING
- 6.6 OTHERS
7 GLOBAL PUBLIC TRANSPORT MARKET, BY PROPULSION
- 7.1 INTRODUCTION
- 7.2 DIESEL
- 7.3 GASOLINE
- 7.4 ELECTRIC
- 7.5 OTHERS
8 GLOBAL PUBLIC TRANSPORT MARKET, BY OWNERSHIP TYPE
- 8.1 INTRODUCTION
- 8.2 PRIVATE OWNED
- 8.3 PUBLIC OWNED
9 GLOBAL PUBLIC TRANSPORT MARKET, BY END-USE
- 9.1 INTRODUCTION
- 9.2 INTRACITY
- 9.3 INTERCITY
- 9.4 OTHERS
10 GLOBAL PUBLIC TRANSPORT MARKET, BY REGION
- 10.1 OVERVIEW
- 10.2 NORTH AMERICA
- 10.2.1 US
- 10.2.2 CANADA
- 10.2.3 MEXICO
- 10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.2 UK
- 10.3.3 FRANCE
- 10.3.4 SPAIN
- 10.3.5 ITALY
- 10.3.6 REST OF EUROPE
- 10.4 ASIA PACIFIC
- 10.4.1 CHINA
- 10.4.2 JAPAN
- 10.4.3 INDIA
- 10.4.4 SOUTH KOREA
- 10.4.5 VIETNAM
- 10.4.6 INDONESIA
- 10.4.7 REST OF ASIA PACIFIC
- 10.5 MIDDLE EAST & AFRICA
- 10.5.1 SAUDI ARABIA
- 10.5.2 UAE
- 10.5.3 SOUTH AFRICA
- 10.5.4 REST OF MIDDLE EAST & AFRICA
- 10.6 SOUTH AMERICA
- 10.6.1 BRAZIL
- 10.6.2 ARGENTINA
- 10.6.3 REST OF SOUTH AMERICA
11 COMPETITIVE LANDSCAPE
- 11.1 COMPETITIVE OVERVIEW
- 11.2 MAJOR PLAYERS IN THE GLOBAL PUBLIC TRANSPORT MARKET
- 11.3 MAJOR PLAYERS IN TERMS OF MARKET DISRUPTORS & INNOVATORS
- 11.4 COMPETITIVE BENCHMARKING
- 11.5 STRATEGIES OF MARKET LEADERS IN THE GLOBAL PUBLIC TRANSPORT MARKET
- 11.6 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN GLOBAL PUBLIC TRANSPORT MARKET
- 11.7 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.7.1 PRODUCT LAUNCH/PRODUCT DEVELOPMENT
- 11.7.2 EXPANSION/ACQUISITION/PARTNERSHIP
12 COMPANY PROFILES
- 12.1 TRANSPORT FOR LONDON
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS/SERVICES OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGIES
- 12.2 MTR CORPORATION
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGIES
- 12.3 BAY AREA RAPID TRANSIT (BART)
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGIES
- 12.4 CHICAGO TRANSIT AUTHORITY
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGIES
- 12.5 THE WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGIES
- 12.6 MASSACHUSETTS BAY TRANSPORTATION AUTHORITY
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGIES
- 12.7 MADRID METRO
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS/SERVICES OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 SWOT ANALYSIS
- 12.7.6 KEY STRATEGIES
- 12.8 METROPOLITAN TRANSPORTATION AUTHORITY
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 SWOT ANALYSIS
- 12.8.6 KEY STRATEGIES
- 12.9 THE SAN DIEGO METROPOLITAN TRANSIT SYSTEM
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS OFFERED
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 SWOT ANALYSIS
- 12.9.6 KEY STRATEGIES
- 12.10 SEOUL METRO
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 SWOT ANALYSIS
- 12.10.6 KEY STRATEGIES
13 APPENDIX