Public Transport Market Research Report - Global Forecast till 2027

Global Public Transport Market Research Report: Information by Type (Bus, Light Rail, Regional Taxi, Metro and Tram), Application (City and Rural) and Region - Forecast till 2027

ID: MRFR/AM/7205-CR | January 2020 | Region: Global | 134 pages

Please note that the assessment period of report has been updated from 2017-2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Overview:
 
Global public transport is forecasted to have a steady growth in the coming years. Rising growth in the share of the urban population with the increasing population and demand in the cities to have the efficient and the public facilities of transport is added the fuel to the market. All these factors will lead to the growth of the global public transport market in various regions during the estimated period.
Europe acquired the second-largest share of the market in the year 2018. The primary reason for this is to prevent traffic and to control the emissions from private vehicles. And the rapid investments in the expansion of the public transports. The connecting Europe facility is working with the EU for the development of the European transport infrastructure. it has a total budget of USD 26.8 billion. It will help in the investments of the new building infrastructure or upgrade the old ones. This will lead to the sustainable growth of the public transport market.
 
COVID-19 Analysis:

The pandemic has hit our life badly and the economy has suffered a huge loss. If we talk about the industries the demand for the expensive products slashed badly but we are on the verge of the recovery process, with the cost-effective measures snd effective implementation of strategies the condition will get improved.
Various analysts are researching over the market insights and expertise are working upon the reports to help the client with various reports of other industrial vehicles.
 
Market Dynamics:
 
The growth of the global public transport market research is approximately enhanced by an 8.11% CAGR during the forecasted period. The growth of the global public transport market is due to the development in the infrastructure of public transport to prevent the congestion of the traffic and to control the emissions from t public vehicles.
 
Value Chain Analysis:
 
Both the demand and supply of the global public transport Market are increasing day by day. The net worth of this sector has enhanced drastically due to advancements in the public transport facilities and to save the time from the traffic plus to protect the emission from the private vehicles and the increasing developments in the public transport facilities in various regions are the reasons behind the growth of the global public transport.
 
Segment Overview:

 On the basis of type:



  • Bus

  • light rail

  • regional taxi,

  • metro

  • Tram


On the basis of application:



  • city

  • Rural.


Regional Analysis
 
South America and the middle east Asia which is included in the rest of the world have witnessed amazing growth in recent years, with the focus on limiting emissions and rapid development in the public transport region with the curtailment of the use of private vehicles are some of the reasons behind the growth of this market. if we talk about the South American market which includes Argentina, Peru, Chile, Columbia. We have witnessed the growth in public bus transport infrastructure by the government of Argentina. A loan of USD 45 million has been approved by the World Bank to support various infrastructure projects. These investments are likely to drive the growth of global public transport during the forecasted period.
 
Competitive landscape:
 
 The eminent players of the global public transport market are Seoul Metro (South Korea), Transport For London (UK), The San Diego Metropolitan Transit System (US), MTR Corporation (Hong Kong), Metropolitan Transportation Authority (US), Chicago Transit Authority (US), Bay Area Rapid Transit (BART) (US) Massachusetts Bay Transportation Authority (US),
 
Study objectives:


  • To bestow the detailed analysis of the market structure with the estimation of the coming 5 years and its various segments and the sub-segments.

  •  To bestow the detailed analysis of the market inside the structure and the factors affecting the growth.

  •  To determine the historical and the forecast revenue of various segments and the related regions.

  •  To bestow the country-level analysis of the market concerning the future prospective.

  •  To study the strategic profiling of the eminent players and analyzing their core strategies.

  •  To determine the competence elements like mergers and acquisitions research developments and new product developments.


Recent developments:


  • With the introduction of mobility hubs, with a variety of travel options to face the mile challenges and to give a smooth travel experience.

  •  Development of high speed, capacity, and the frequency network which included the various modes of transit and advancement in the existing ones

  •  Tp provides the benefits like reduced traveled time. improvements in the traffic congestions, authorize the dynamic policymaking artificial intelligence enables by the transport ecosystem.

  •  Anchorage technology, connectivity, and sensors are connected to change the roads used and managed.

  •  By the end of 2025, the market will enhance by USD 1,151,435.9 Million With 8.11% of CAGR.

  •  The global public transport on the basis of application has been segmented into city and rural areas. With the expansion of cities, various competitors are entering the market which has given a major boost to the growth of the market.

  •  The government from all over the world started investing in modern public transportation like metros, light trains which will help in reducing the pollution and to cope up with the increasing population in the cities.

  •  The rise in the global population and increasing urbanization are the driving fuels for the expansion of the public transportation systems.


Report overview:
 
The growth of the global public transport market research is approximately enhanced by an 8.11% CAGR during the forecasted period. In the wake of covid 19 crises, the expertise is trying to handle the situation by researching over various strategies opted by the other industrial vehicles so that a market insight has been given to the client and help them to deal with the stress of covid 19 pandemics.
The Asia Pacific is expected to grow at the highest rate in the forecasted period. The rising population in the region with the development in the public transport facilities coupled with the expansion of the cities are the primary reasons. South America and the middle east Asia which is included in the rest of the world have witnessed amazing growth in recent years, with the focus on limiting emissions and rapid development in the public transport region with the curtailment of the use of private vehicles behind the growth of the global public transport market in the Asia Pacific region.
 
With the eminent key players and the expansions of cities with increasing investment in the public transport facilities with the need to curb the traffic and to protect the emission form, the private vehicles are some the factors which added the fuel to the global public transport. Recent developments through artificial intelligence and the encouragement to develop the modern public transportation system to cope with the increasing population coupled with the expansion of the cities are said to be the reason behind the global public transport.



Frequently Asked Questions (FAQ) :


The growth rate that can be recorded by the market in the coming years is 8.11%.

By 2025, the market can expand to a size of USD 1,151,435.9 Million.

The established companies in the market are Seoul Metro (South Korea), Bay Area Rapid Transit (BART) (US), Metropolitan Transportation Authority (US), Chicago Transit Authority (US), Transport for London (UK), Madrid Metro (Spain), MTR Corporation (Hong Kong), The Washington Metropolitan Area Transit Authority (US), The San Diego Metropolitan Transit System (US), Massachusetts Bay Transportation Authority (US), and others.

Bay Area Rapid Transit has many years of experience, offering transport systems as well as infrastructure development. It makes massive investments in R&D for the transportation sector to facilitate advanced solutions of signaling, services and railway solutions.

The primary applications covered in the report are city and rural.