Global Transit And Ground Passenger Transport Market Report 2022 – Market Forecast, Trends And Strategies

22 Jun, 2022

The global transit and ground passenger transport market size is expected to grow from $578.44 billion in 2021 to $638.28 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The transit and ground passenger transport market is then expected to grow to $911.78 billion in 2026 at a CAGR of 9.3%.

What is the Global Transit And Ground Passenger Transport Market?

The transit and ground passenger transport market consists of sales of transit and ground passenger transportation services and related goods by entities (organizations, sole traders, and partnerships) that provide a variety of passenger transportation services, such as urban transit systems, chartered buses, school buses, and interurban bus transportation.

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What drives the Global Transit And Ground Passenger Transport Market?

The transit and ground passenger transportation market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period.

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Global Transit And Ground Passenger Transport Market Segments
The global transit and ground passenger transport market is segmented:
By Type: Commuter Rail and Public Bus Services, Taxi and Limousine Services, School and Employee Bus Services, Charter Bus Services, Others
By Distance: Long-Distance, Short-Distance
By Destination: Domestic, International
By Geography: The regions covered in the transit and ground passenger transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Transit And Ground Passenger Transport Global Market Report 2022provides market size and growth forecasts for the global transit and ground passenger transport market, global transit and ground passenger transport market share, transit and ground passenger transport market segments and geographies, transit and ground passenger transport market competitive landscape including leading competitors’ revenues, profiles and market shares. The transit and ground passenger transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Transit And Ground Passenger Transport Industry Playersinclude Uber, Daimler AG, Metropolitan Transportation Authority, Transport International Holdings Limited, Transport for London (TFL), Duetsche Bahn AG, FirstGroup PLC, National Express Group PLC, Lyft, and MTR Corp ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.