Global Public Transport Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Bus, Tram, Train and Car Sharing.

By Application;

City and Rural.

By Ownership Type;

Private Owned and Public Owned.

By Transport Propulsion;

Diesel, Gasoline and Electric.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn456172575 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Public Transport Market (USD Million), 2020 - 2030

In the year 2023, the Global Public Transport Market was valued at USD 708.19 million. The size of this market is expected to increase to USD 1,064.86 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

The global public transport market serves as a cornerstone of urban mobility, providing essential transportation services to millions of people worldwide. Comprising various modes such as buses, trains, trams, subways, and ferries, public transport systems play a crucial role in facilitating the movement of people within cities and metropolitan areas, reducing traffic congestion, and promoting sustainable urban development. As urbanization continues to accelerate, particularly in emerging economies, the demand for efficient, affordable, and environmentally friendly public transport solutions is on the rise, driving growth and innovation in the global public transport market.

One of the key drivers behind the growth of the global public transport market is the increasing urbanization and population density in cities around the world. As more people migrate to urban areas in search of employment, education, and opportunities, the need for efficient transportation networks becomes paramount. Public transport systems offer a cost-effective and accessible means of mobility for urban residents, enabling them to commute to work, school, and leisure destinations with ease. By providing reliable and convenient transportation options, public transport contributes to social inclusion, economic growth, and quality of life in urban communities.

The growing focus on sustainability and environmental conservation has propelled the expansion of public transport systems as part of broader efforts to reduce greenhouse gas emissions and combat climate change. Compared to private car travel, public transport generates significantly lower emissions per passenger-kilometer, making it a more environmentally friendly mode of transportation. Investments in electrified and low-emission public transport fleets, as well as the development of infrastructure for walking, cycling, and shared mobility, further enhance the sustainability of public transport systems and promote modal shift away from private vehicle use.

Technological advancements and digital innovations are transforming the landscape of the global public transport market, offering new opportunities to improve efficiency, accessibility, and customer experience. Integrated fare payment systems, real-time passenger information, and on-demand mobility services are revolutionizing the way people access and use public transport, making it more user-friendly and responsive to individual needs. Additionally, the adoption of electric and autonomous vehicles, smart infrastructure, and predictive analytics enables public transport operators to optimize service delivery, reduce operational costs, and enhance safety and security for passengers.

Overall, the global public transport market is poised for significant growth and innovation in the coming years, driven by urbanization, sustainability goals, and technological advancements. As cities continue to expand and evolve, public transport systems will play an increasingly vital role in shaping the future of urban mobility, fostering inclusive, resilient, and sustainable communities around the world.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Ownership Type
    4. Market Snapshot, By Transport Propulsion
    5. Market Snapshot, By Region
  4. Global Public Transport Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Population growth

        2. Environmental sustainability

        3. Congestion reduction

        4. Government policies

      2. Restraints
        1. Cultural preferences

        2. Security risks

        3. Labor disputes

        4. Geographic disparities

      3. Opportunities
        1. Infrastructure development

        2. Sustainable mobility

        3. Government initiatives

        4. Multimodal integration

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Public Transport Market, By Type, 2020 - 2030 (USD Million)
      1. Bus
      2. Tram
      3. Train
      4. Car Sharing
    2. Global Public Transport Market, By Application, 2020 - 2030 (USD Million)
      1. City
      2. Rural
    3. Global Public Transport Market, By Ownership Type, 2020 - 2030 (USD Million)
      1. Private Owned
      2. Public Owned
    4. Global Public Transport Market, By Transport Propulsion, 2020 - 2030 (USD Million)
      1. Diesel
      2. Gasoline
      3. Electric
    5. Global Public Transport Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. MTR Corporation Limited
      2. Massachusetts Bay Transportation Authority
      3. Metro
      4. Madrid Metro
      5. Advantech Co., Ltd
      6. Metro Infrasys Pvt. Ltd.
  7. Analyst Views
  8. Future Outlook of the Market

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