Product Code: GVR-4-68039-941-9
Public Transportation Market Growth & Trends:
The global public transportation market size is expected to reach USD 309.1 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.9% from 2022 to 2028. The market is driven by the economic growth in Asia Pacific and the Middle East and Africa and the increasing number of megacities in the region. According to the World Economic Forum data, by the year 2030, six cities will emerge as new megacities, including Dar es Salaam, Luanda, and Chennai, as the population keeps flocking to urban areas. Increasing government initiatives and the development of smart cities also facilitate the growth of public transportation.
The market growth can be attributed to the increasing technological advancements such as electric buses, BRT systems, contactless ticketing solutions, improving the public transport experience, and increasing ridership. The market witnessed a steep decline in the overall ridership and revenue as an immediate effect of the COVID-19 pandemic. Worldwide, numerous countries imposed restrictions and lockdowns, which inhibited commuters from riding public transport and compelled them to opt for private means of transport. Over the forecast years, the market is expected to recover with steady growth.
The online distribution channel is anticipated to expand at a lucrative CAGR of 8.9% from 2022 to 2028. Increasing use of smartphones, digital payment solutions, and increasing penetration of internet services are propelling the online segment growth in the global market. Increasing initiatives to adopt contactless ticketing and the integration of hassle-free online platforms are anticipated to contribute to the growth of the online segment. For instance, the CIVITAS initiative in European cities for smart and sustainable transport policy with the implementation of innovative ticketing and payment.
Based on mode type, the road segment accounted for the largest revenue share of over 55.0% in 2021. The road is an integral part of public transport in the urban and local areas across the world. Widespread availability and higher ridership by road transport are responsible for the large market share. Bus rapid transit system implemented in many cities has a high success rate and high public satisfaction, providing fast and sophisticated transport option, thereby increasing the ridership.
The Middle East and Africa is anticipated to register the 2nd highest CAGR of 6.0% from 2022 to 2028. Rapid urbanization and economic growth in the Middle East and Africa are leading to the expansion of smart cities in the region. Population migration to the urban areas is likely to increase rapidly over the forecast years. Governments across the region are investing and planning to provide sustainable and advanced public transportation solutions. For instance, UAE is planning to expand its public transportation system even further, with Dubai Autonomous Transportation Strategy, Surface Transport Master Plan, and Abu Dhabi Transportation Mobility Management Strategy.
Public Transportation Market Report Highlights:
- Asia Pacific dominated the market in 2021, with a revenue share of over 40.0%. A large population of middle-income class, dependency on public transport, and developed megacity concentration in the region are contributing to the regional market growth
- The offline distribution channel segment occupied the largest revenue share of over 80.0% in 2021. Widespread availability, higher preference from consumers, reluctance to use the online channel, and lack of online solutions are contributing to the growth of the market
- The rail mode type segment is anticipated to register a significant CAGR of 6.3% over the forecast period. The growth is attributed mainly to the increased spending and expansion of the rail infrastructure for metro, subway, LRT, etc.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumptions
- 1.3. List of Data Sources
- 1.4. List of Abbreviations
Chapter 2 Executive Summary
- 2.1. Market Outlook
- 2.2. Distribution Channel Outlook
- 2.3. Mode Type Outlook
- 2.4. Regional Outlook
Chapter 3 Market Variables, Trends & Scope
- 3.1 Market Segmentation
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Value Chain Analysis
- 3.4 Market Dynamics
- 3.4.1 Market Driver Analysis
- 3.4.2 Market restraint Analysis
- 3.4.3 Market Opportunities Analysis
- 3.5 Business Environment Analysis
- 3.5.1 Porter's Five Forces Analysis
- 3.5.1.1 Threat of new entrants
- 3.5.1.2 Bargaining power of suppliers
- 3.5.1.3 Bargaining power of buyers
- 3.5.1.4 Threat of substitutes
- 3.5.1.5 Competitive rivalry
- 3.5.2 PESTLE Analysis
- 3.5.2.1 Political Landscape
- 3.5.2.2 Environmental Landscape
- 3.5.2.3 Social Landscape
- 3.5.2.4 Technology Landscape
- 3.5.2.5 Economic Landscape
- 3.5.2.6 Legal Landscape
Chapter 4 Consumer Behavior Analysis
- 4.1. Consumer Trends and Preferences
- 4.2. Factors Affecting Buying Decision
- 4.3. Consumer Mode Type Adoption
- 4.4. Observations & Recommendations
Chapter 5 Public Transportation Market: Distribution Channel Estimates & Trend Analysis
- 5.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2028
- 5.2. Online
- 5.2.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 5.3. Offline
- 5.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
Chapter 6 Public Transportation Market: Mode Type Estimates & Trend Analysis
- 6.1. Mode Type Movement Analysis & Market Share, 2021 & 2028
- 6.2. Road
- 6.2.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.3. Rail
- 6.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.4. Others (Water, Cable Car, etc.)
- 6.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
Chapter 7 Public Transportation Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2021 & 2028
- 7.2. North America
- 7.2.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.2.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.2.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.2.4. U.S.
- 7.2.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.2.4.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.2.4.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.2.5. Canada
- 7.2.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.2.5.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.2.5.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.3. Europe
- 7.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.3.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.3.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.3.4. U.K.
- 7.3.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.3.4.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.3.4.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.3.5.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.3.5.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.3.6. France
- 7.3.6.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.3.6.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.3.6.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.4.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.4.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.4.4. China
- 7.4.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.4.4.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.4.4.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.4.5. India
- 7.4.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.4.5.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.4.5.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.4.6.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.4.6.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.5. Central & South America
- 7.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.5.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.5.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.5.4.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.5.4.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.5.5. Argentina
- 7.5.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.5.5.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.5.5.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.6.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.6.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.6.4. Saudi Arabia
- 7.6.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.6.4.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.6.4.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
- 7.6.5. South Africa
- 7.6.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 7.6.5.2. Market Estimates and Forecast, By Distribution Channel, 2017 - 2028 (USD Million)
- 7.6.5.3. Market Estimates and Forecast, By Mode Type, 2017 - 2028 (USD Million)
Chapter 8 Competitive Analysis
- 8.1. Key global players, recent developments & their impact on the industry
- 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 8.3. Vendor Landscape
- 8.3.1. Key company market share analysis, 2021
Chapter 9 Company Profiles
- 9.1. Transportation for London
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Strategic Initiatives
- 9.2. BC Transit Corporation
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Strategic Initiatives
- 9.3. Transport International Holdings Limited
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Strategic Initiatives
- 9.4. The Brussels Transport Company
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Strategic Initiatives
- 9.5. Trenitalia c2c Limited
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Strategic Initiatives
- 9.6. Metrolink
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Strategic Initiatives
- 9.7. Transdev
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Strategic Initiatives
- 9.8. Tobu Railway Co. Ltd.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Strategic Initiatives
- 9.9. Berliner Verkehrsbetriebe
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Strategic Initiatives