Car Pooling Global Market Report 2023 – By Type (Online Carpooling Platforms, Appbased Carpooling), By Application (Businesses, Individuals, Schools, Other Applications), By Car Type (Economy, Executive, Luxury) – Market Size, Trends, And Global Forecast 2023-2032

Ride-hailing refers to transportation services in which the passengers are connected with the vehicle drivers through a smartphone-based app to provide passenger transportation by automobile or van, not operated over regular routes and on regular schedules, to improve the customer experience by reducing time of travel, operational cost, and ease of riding. The ride hailing market covered in this report is segmented by vehicle type into two-wheelers, three-wheelers, four-wheelers, and others. A two-wheeler refers to a vehicle, mainly a bicycle, having two wheels. The different types of services include e-hailing, car sharing, station-based mobility, and car rental, and are used by various sectors such as commercial, personal, and The global ride hailing market is segmented - 1) By Vehicle Type: Two Wheeler, Three Wheeler, Four Wheeler, Other Vehicle Types 2) End-user: Commercial, Personal 3) By Service Type: E-Hailing, Car Sharing, Station based Mobility, and Car Rental The global ride hailing market size will grow from $61.10 billion in 2022 to $70.12 billion in 2023 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global ride hailing is expected to grow to $122.48 billion in 2027 at a CAGR of 15.0%. On-demand transportation services and a lower rate of car ownership among millennials are driving the growth of the ride-hailing market. On-demand transportation services are characterized by flexible routing and ad-hoc scheduling of private vehicles, offering a personal transport experience to the general public by picking up or dropping off at locations of the passenger’s choice. On-demand ride-hailing services ensure that customers can accurately locate the vehicles, track their journey, and offer safety to the occupants, and this factor is expected to significantly drive the market's growth. Additionally, a lower rate of car ownership among millennials due to the high maintenance cost of personal cars is resulting in a rise in demand for ride-hailing services. Millennials are choosing practical, smartphone-accessible transport options that are simple, flexible, and inexpensive over car ownership. Also, buying a new car and maintaining it are more expensive than renting a vehicle every year. Transdev, for example, estimates that 14 million passengers will use on-demand transportation services in 2020. Hence, on-demand transportation services and a lower rate of car ownership among millennials drive the growth of the ride hailing market. Major players in the ride hailing market are Uber Technologies Inc., Grab, ANI Technologies Pvt. Ltd., Gett Inc., Lyft Inc., DiDiChuxing, Delphi Automotive, Daimler AG., BlaBlaCar, and Didi Chuxing Technology Co. Ride hailing service providers need to follow several state and central laws for uninterrupted service. For instance, in the U.S., driver-related regulations include requirements for background checks, driver’s licenses, vehicle registrations, special licences such as business licenses, and external vehicle displays. The company-related regulations include requirements for the number of ride-hailing vehicles operating in a metropolitan area, providing a list of drivers to the city, and sharing trip data with the city. In some countries, fingerprint-based background checks are mandatory. This is because of the reported incidents of sexual assault and violence. In February 2020, a report from the Union of Concerned Scientists shows that the average U.S. ride-hailing trip results in 69% more pollution than the transportation choices it displaces based on federal vehicle efficiency statistics. Environmental concerns have enforced certain regulations on pollution control. As a result, more stringent regulations are taking effect, and compliance with these government regulations may act as a barrier to the growth of the ride hailing market. Ride-hailing services have been advancing in the past few years by delivering innovative facilities to riders all over the world. Using a ride-hailing app on an Android device has now become very common. For instance, Uber is a ride-hailing app from which we can request a female driver. This feature is mainly implemented to focus on the safety of a woman, which helps to stay protected with a verified profile of a female driver before committing to the journey. A major initiative is promoted by Safr, which permits female passengers to select the gender of the driver and offers complete details about the driver’s training. Similarly, HopSkipDrive is another ride-hailing app that gives safe and smarter transportation solutions to children by employing professional care drivers who have a minimum of five years of experience in caregiving. In August 2022, Ola Cabs, an India-based online taxi and car booking company, announced a merger agreement with Uber Technologies, Inc. for an undisclosed amount. Through this merger, both companies joined forces to improve taxi rentals, ride services, and customer experiences to enhance business outcomes. Uber Technologies, Inc. is a mobility-as-a service company based in the United States that pioneered food delivery, online taxi bookings, and hotel reservations. Asia-Pacific was the largest region in the ride hailing market in 2022. Western Europe was the second largest region in the global ride hailing market share. The regions covered in the global ride hailing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the ride-hailing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The ride hailing market includes revenues earned by entities by connecting local drivers and assailants using an online platform to provide travelling services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The ride hailing market research report is one of a series of new reports from The Business Research Company that provides ride hailing market statistics, including ride hailing industry global market size, regional shares, competitors with a ride hailing market share, detailed ride hailing market segments, market trends and opportunities, and any further data you may need to thrive in the ride hailing industry. This ride hailing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Online taxi services refer to transportation and travel service that are provided by digital middlemen who act as a link between customers and taxi drivers, either through a mobile platform, GPS-enabled applications, or radio signals. They are mainly engaged in providing passenger transportation by taxi that is booked using a mobile application. The online taxi services market covered in this report is segmented by service type into ride-hailing and ride-sharing. Ride-sharing refers to an arrangement or instance involving the sharing of rides in a motor vehicle with other people, mainly commuters. The different types of vehicles include motorcycles and cars and involve various payment modes, such as online and cash. The several types of rides include individual, carpool/share, The global online taxi services market is segmented - 1) By Service Type: Ride-Hailing, Ride Sharing 2) By Vehicle Type: Motorcycles, Cars 3) By Payment Mode: Online, Cash 4) By Ride Type: Individual, Car Pool/ Share The global online taxi services market size will grow from $34.82 billion in 2022 to $38.54 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global market size of the online taxi services is expected to grow to $56.37 billion in 2027 at a CAGR of 10.0%. Rising internet penetration drives the demand for the online taxi service market. The availability of high-speed internet connectivity and the convenience associated with using online services is shifting consumer preferences towards online taxi services. According to the Internet World Stats, the number of internet users increased from 4,208 million to 4,833 million in June 2020. Furthermore, internet users in India are expected to grow from 636.73 million in 2019 to 974.86 million by the end of 2025. A growing number of internet users with smartphones now have taxi services at their fingertips that give the drivers’ details and location and benefit the user, thereby fuelling the demand for the growth of online taxi services market. Major players in the online taxi services market are Ola (ANI Technologies Private Limited), Uber India Systems Private Limited, Lyft Inc., Didi Chuxing, GrabTaxi Holdings Pte Ltd., Carzonrent (India) Private Limited, Mega Cabs Private Limited, Meru Mobility Tech Private Limited, and Savaari Car Rentals Private Limited. Stringent regulations imposed on online taxi service operations limit the growth of the online taxi service market. As a result of numerous reports of assault and molestation against online taxi services, governments around the world have imposed stringent regulations on their providers. These incidents call for a strong policy to secure customers. Governments have imposed strict background checks on Uber and Lyft drivers and mandated fingerprint background checks to avoid such incidents any further. Other regulations imposed by governments to comply with the service providers include India’s Motor Vehicle (Amendment) Bill 2016 and Information Technology Act, 2000, Malaysia’s Commercial Vehicles Licensing Board Act 1987 (Act 334) ('CVLBA 1987') and the Land Public Transport Act 2010 ('LPTA 2010')(Act 715). The laws under the act regulate both e-hailing operators and drivers. Moreover, e-hailing service providers are mandated to have an intermediation business licence to operate their business in Malaysia. Thus, the stringent rules and regulations imposed on taxi services are restricting the growth of the online taxi services market during the forecast period. The launch of self-driving taxi services is gaining popularity in the online taxi service market. Major players operating in the industry are continuously focused on introducing innovations and technologies to better serve the needs of consumers. For instance, in August 2020, AutoX, an autonomous driving start-up, announced the public launch of Robo-taxi services in China. In August 2022, Ola Cabs, an India-based online taxi and car booking company, announced a merger agreement with Uber Technologies, Inc. for an undisclosed amount. Through this merger, both companies joined forces to improve taxi rentals, ride services, and customer experiences to enhance business outcomes. Uber Technologies, Inc. is a mobility-as-a service company based in the United States that pioneered food delivery, online taxi bookings, and hotel reservations. Asia-Pacific was the largest region in the online taxi services market in 2022. Western Europe was the second largest region in the global online taxi services market share. The regions covered in the global online taxi services analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the online taxi services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The online taxi services market includes revenues earned by entities by providing transportation and shipping services by bringing drivers and riders onto one platform to ease travel. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The online taxi services market research report is one of a series of new reports from The Business Research Company that provides online taxi services market statistics, including global market size, regional shares, competitors with an online taxi services market share, detailed online taxi services market segments, market trends and opportunities, and any further data you may need to thrive in the online taxi services industry. This online taxi services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Taxi and limousine services refer to services in which vehicles are used in transportation and travel that provide passenger transportation via automobiles or vans or provide an array of specialty and luxury passenger transportation services via limousine or luxury sedan, generally on a reserved and on-demand basis. The main types in the taxi and limousine services market are online taxi services, telecab and offline taxi services, and limousine services. These limousine services usually provide services on demand for passenger transportation. The market is segmented by distance into long-distance and short-distance and by application into adults and children. The global taxi and limousine services market is segmented - 1) By Type: Online Taxi Services, Tele And Offline Taxi Services, Limousine Services 2) By Distance: Long-Distance, Short-Distance 3) By Application: Adults, Children The global taxi and limousine services market size grew from $105 billion in 2022 to $113.9 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The taxi and limousine services market is expected to grow to $153.23 billion in 2027 at a CAGR of 7.7%. The shift in consumer preferences towards travelling in taxis rather than investing in buying a personal car is expected to be a key driver of the taxi and limousine services market. Rising vehicle and fuel prices, heavy traffic, limited parking space availability, and low taxi ridership costs compel people, particularly millennials, to use ride-hailing services. Ride-hailing companies are offering rides at low prices globally. For instance, in the USA, Uber charges a base fare of about $3 and about $2 per mile. In India, Uber offers rides at as low as INR 7/km and Ola offers rides at INR 8/km. This makes a daily taxi ride much cheaper than a car bought on loan. This change in consumer preferences will drive the demand for taxi services going forward. Major companies in the taxi and limousine services market include Uber, Daimler AG, Lyft, MOL Hungarian Oil and Gas plc, ComfortDelGro Corporation, and A2B Australia Ltd. The expected increase in government investments in public transport infrastructure, especially in emerging markets, will be a major restraint on the taxi and limousine services market going forward. It is expected that the overall national metro rail network will increase by 664 kilometers, taking into account the metro construction activities in 15 Indian cities. By 2024, the railways, roads, and highways sector in India is expected to receive INR 30 trillion ($0.42 trillion) to improve the country’s public transport infrastructure. Increasing investments in the public transport infrastructure sector are expected to slow the growth of the taxi and limousine services market in emerging economies. Taxi and limousine service providers are offering shared transportation services to cater to the increasing demand of customers. A shared transportation system is an innovative transportation strategy that enables users to gain short-term access to transportation modes as needed. It includes various forms of transportation, such as car-sharing, bike-sharing, carpooling, and platform-based ride services. Shared transportation systems are growing in the transit and ground passenger transportation industries owing to the cost benefits these systems offer to customers. For example, Uber, an American on-demand cab transportation service provider with an international presence, is offering a shared ride service known as UberPOOL. Ride-sharing companies such as BlaBlaCar and Drivezy also facilitate users to book a seat in vehicles according to their choice by the mere payment of a membership fee or fare. Asia-Pacific was the largest region in the taxi and limousine services market in 2022. Western Europe was the second largest region in the taxi and limousine services market. The regions covered in the taxi and limousine services market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the taxi and limousine services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The taxi and limousine services market includes revenues earned by entities by providing taxis and passenger cars on rent that offer pickup and drop-off services at the door to save passengers' time. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The taxi and limousine services market research report is one of a series of new reports from The Business Research Company that provides taxi and limousine services market statistics, including taxi and limousine services global market size, regional shares, competitors with a taxi and limousine services market share, detailed taxi and limousine services market segments, market trends and opportunities, and any further data you may need to thrive in the taxi and limousine services industry. This taxi and limousine services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Robo-taxis are technologically advanced cars that use various advanced driver assistance technology such as front crash prevention system and rare crash prevention system, spotting different objects around them for smooth function of driving, lane departure prevention, and others that can drive safely. Robo-taxis are autonomous vehicles that are used for pickup and dropping off passengers or goods without the need for drivers, which can reduce the cost of transportation and make transport more affordable for day-to-day operations. The main types of components in robo-taxis are a camera, radar, Lidar, ultrasonic sensors, and others. The cameras are used to click images of their surrounding while driving to interpret the environmental details such as signboards, traffic lights, animals, and others for smooth driving and to avoid any type of road crash. The various services include car rental, and stations based which have different propulsion types such as electric, battery, and hybrid. The numerous applications are goods transportation, and passenger transportation. The global robo taxis market is segmented – 1) By Component Type: Camera, Radar, LiDAR, Ultrasonic Sensors, Other Component Types 2) By Service Type: Car Rental, Station Based 3) By Propulsion: Electric, Battery, Hybrid 4) By Application: Goods Transportation, Passenger Transportation The global robo taxis market size will grow from $1.73 billion in 2022 to $2.82 billion in 2023 at a compound annual growth rate (CAGR) of 63.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global robo taxis is expected to grow to $17.84 billion in 2027 at a CAGR of 58.6%. Growing concerns about road safety are expected to propel the growth of the robo taxis market going forward. Self-driving and autonomous vehicles are equipped with various advanced driving technologies such as front crash prevention system and rare crash prevention system, spotting different objects around them for smooth function of driving, which can reduce the significant number of road accidents due to driver behavior or driver errors and can provide the safe and economical solution for transportation. For instance, in 2022, according to the U.S. Department of Transportation's Fatality Analysis Reporting System (FARS), a US-based government agency, in the United States, approximately 35,766 fatal motor vehicle crashes occurred, resulting in around 11.7 deaths per 100,000 people. Furthermore, in 2022, according to PolicyAdvice, a US-based car insurance company, Telsa, Inc., an American-based automotive company, claims that death caused by self-driving is very less compared to normally driven by approximately 1 fatality per 320 million miles driven. Therefore, the growing concerns about road safety are driving the growth of the robo taxis market. Major players in the robo taxis market are Waymo LLC, AutoX, Tesla Inc., Baidu Inc., General Motors, Lyft Inc., Nissan Motor Corporation, NAVYA, Ford Motor Company, Mercedes-Benz Group AG, BMW AG, Volkswagen AG, EasyMile SAS, Ridecell Inc., NVIDIA Corporation, AB Volvo, Continental AG, ZF Friedrichshafen, Robert Bosch GmbH, and Didi Chuxing Technology Co. Technological advancement has emerged as the key trend gaining popularity in robo taxis market. Major companies operating in the robo taxies sector are focused on developing technologically advanced products to strengthen their market position. For instance, in May 2021, Argo AI LLC, a US-based company operating in autonomous driving technology launched its new technologically advanced LiDAR sensor for autonomous vehicles working on Geiger-mode technology. Geiger-mode technology works on single photodetection, which is highly sensitive to detect light as less as one photon and enhances the detection capability of the self-driving systems to detect darker objects which illuminated very less light where the detection of objects is not easy. Argo AI LiDAR sensor claims that it is capable of detecting objects distant at 400 meters with high-resolution photorealistic quality in low reflectivity. In December 2020, Aurora Innovation Inc., a US-based company operating in self-driving vehicle technology, acquired Uber Advanced Technology Group for $4 billion. Through this acquisition, Aurora Innovation Inc. aims to strengthen its product portfolio of self-driving vehicles for logistics by building safer and more accessible technology in self-driving, which would gain the leadership position in the autonomous or Robo-taxi market for goods transportation. Uber Advanced Technology Group is a US-based company operating in self-driving car businesses such as Robo-taxis. Europe was the largest region in the robo taxis market in 2022. Asia-Pacific is expected to be the fastest-growing region in the robo taxis market during the forecast period. The regions covered in the robo taxis market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the robo taxis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The robo taxis market consists of sales of self-driven or driverless cars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The robo taxis market research report is one of a series of new reports from the business research company that provides robo taxis market statistics, including robo taxis industry global market size, regional shares, competitors with a robo taxis market share, detailed robo taxis market segments, market trends and opportunities, and any further data you may need to thrive in the robo taxis industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Transit and ground passenger transport refers to a transportation service that involves the volume of passengers traveling and provides a variety of passenger transportation services, such as urban transit systems, high-speed rail systems, chartered buses, school buses, and interurban bus transportation. The main types in the transit and ground passenger transport market are commuter rail and public bus services; taxi and limousine services; school and employee bus services; charter bus services; and other transit and ground passenger transportation. The school and employee bus services transport students to and from school and employees to and from offices by operating buses and other motor vehicles. The market is segmented by distance into long-distance and short-distance and by destination into domestic and international. The global transit and ground passenger transport market is segmented - 1) By Type: Commuter Rail And Public Bus Services, Taxi And Limousine Services, School And Employee Bus Services, Charter Bus Services, Other Transit And Ground Passenger Transport 2) By Distance: Long-Distance, Short-Distance 3) By Destination: Domestic, International Subsegments Covered: Commuter Rail Services (Metro And MMTS), Public Bus Services, Online Taxi Services, Tele And Offline Taxi Services, Limousine Services, Students Bus Services, Employee Bus Services The global transit and ground passenger transport market size grew from $640.25 billion in 2022 to $698.74 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The transit and ground passenger transport market is expected to grow to $962.69 billion in 2027 at a CAGR of 8.3%. Faster Economic Growth: The transit and ground passenger transportation markets' growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's 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 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. Major companies in the transit and ground passenger transport market include 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. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the transit and ground passenger transportation markets in 2020 as governments imposed lockdowns and restricted the movement of people and goods to contain the transmission. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of "lock down" and harming businesses throughout 2020 and into 2021. However, the transit and ground passenger transportation markets have started recovering from the shock. Companies are actively pursuing electricity to power buses to reduce carbon emissions and cut costs. Solar buses run on electric batteries, which, in some cases, are also charged by solar panels installed on the roof of the bus. This improves the fuel efficiency of the vehicle and increases the life of lithium batteries. Further, the technology has low-maintenance components, allowing the companies to save costs. For instance, Shenzhen in China converted its entire fleet of 16,000 buses to run entirely on electricity. This was made possible by making bus parking roofed with solar panels to enable charging facilities. Major companies involved in manufacturing electric buses include Kiira Motors, BYD Company, Heilongjiang Qiqiar New Energy Automobile Co., Ltd., Bauer's Intelligent Transportation, Yutong, and Volvo buses. Asia-Pacific was the largest region in the transit and ground passenger transport market in 2022. Western Europe was the second largest region in the transit and ground passenger transport market. 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. The countries covered in the transit and ground passenger transport market analysis are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The transit and ground passenger transport market includes revenues earned by entities by reducing congestion appearing during travel, increasing land value, reducing costs, and reducing carbon emissions emitted by vehicles. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The transit and ground passenger transport market research report is one of a series of new reports from The Business Research Company that provides transit and ground passenger transport market statistics, including transit and ground passenger transport industry, global transit and ground passenger transport market size, regional shares, competitors with a transit and ground passenger transport market share, detailed transit and ground passenger transport market segments, market trends and opportunities, and any further data you may need to thrive in the transit and ground passenger transport industry. This transit and ground passenger transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Transport services refer to a type of service that includes activities such as warehousing and storage services that are designed to assist people in moving from one location to another to obtain services or perform daily tasks that include the operation of warehousing and storage facilities for merchandise, refrigerated goods, and other materials. The main types in the transport services market are segmented into air transport, general transport, pipeline transport, rail transport, transit and ground passenger transport, truck transport, warehousing and storage, and water transport. Water transport involves the transportation of goods and people from one location to another through the water. The market is also segmented by purpose into commuter travel, tourism and leisure travel, business travel, cargo and freight travel, and shipping and delivery travel, and also segmented by destination into domestic and international. It is also segmented by the end-use industry into mining, construction, agriculture, construction, and others. The global transport services market is segmented - 1) By Type: Air Transport, General Transport, Pipeline Transport, Rail Transport, Transit And Ground Passenger Transport, Truck Transport, Warehousing And Storage, Water Transport 2) By Purpose: Commuter Travel, Tourism And Leisure Travel, Business Travel, Cargo And Freight Travel, Shipping And Delivery Travel 3) By Destination: Domestic, International 4) By End-Use Industry: Mining, Construction, Agriculture, Other End Use Industries Subsegments Covered: Passenger Air Transport, Chartered Air Transport, Air Cargo Services, Sightseeing Transport & Support Activities For Transport, Couriers And Messengers, Postal Services, Crude Oil Pipeline Transport, Natural Gas Pipeline Transport, Refined Petroleum Products Pipeline Transport, Other Pipeline Transport, Passenger Rail Transport, Rail Freight, Commuter Rail And Public Bus Services, Taxi And Limousine Services, School And Employee Bus Services, Charter Bus Services, Other Transit And Ground Passenger Transport, General Freight Trucking, Specialized Freight Trucking, General Warehousing And Storage, Refrigerated Warehousing And Storage, Specialized Warehousing And Storage, Farm Product Warehousing and Storage, Deep Sea, Coastal, And Great Lakes, Inland Water Transport The global transport services market size grew from $7197.32 billion in 2022 to $7993.46 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The transport services market is expected to grow to $10568.92 billion in 2027 at a CAGR of 7.2%. Faster Economic Growth: The transportation services market's growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's 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 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. Major companies in the transport services market include United Parcel Service Inc., Amazon.com Inc., United States Postal Service, Deutsche Post AG, FedEx Corporation, Cargill, Incorporated, China Railway Corporation, A.P. Moller-Maersk A/S, Indian Railways, and JSC Russian Railways. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the transportation services market in 2020 as governments imposed lockdowns and restricted the movement of people and goods to contain the transmission. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of "lock down" and harming businesses throughout 2020 and into 2021. However, the transportation services market has started recovering from the shock. Companies are actively pursuing electricity to power buses to reduce carbon emissions and cut costs. Solar buses run on electric batteries, which, in some cases, are also charged by solar panels installed on the roof of the bus. This improves the fuel efficiency of the vehicle and increases the life of lithium batteries. Further, the technology has low-maintenance components, allowing the companies to save costs. Major companies involved in manufacturing electric buses include Kiira Motors, BYD Company, Heilongjiang Qiqiar New Energy Automobile Co., Ltd., Bauer's Intelligent Transportation, Yutong, and Volvo buses. Asia-Pacific was the largest region in the transport services market in 2022. Western Europe was the second largest region in the transport services market. The regions covered in the transport services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the transport services market analysis are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The transport services market includes revenues earned by entities by transporting goods and people from one location to another for an amount or fee to improve the economy of the particular country. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The transport services market research report is one of a series of new reports from The Business Research Company that provides transport services market statistics, including transport services industry global transport services market size, regional shares, competitors with a transport services market share, detailed transport services market segments, transport services market trends and opportunities, and any further data you may need to thrive in the transport services industry. This transport services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Transport equipment is defined as equipment that is used for the movement of people or goods from one place to another. The main types in the transport market are motor vehicle parts, motor vehicles, trains and components, trailers, motor homes, travel trailers, and campers, ship and boat building and repairing, and all other transportation equipment. Motor vehicle parts refer to the parts of vehicles such as bicycles, cycles, and other types. The various applications include general services, dockage, hull parts, engine parts, electric works, auxiliary services. These are used by transport companies, the military, and other end users. The global transport market is segmented - 1) By Type: Motor Vehicle Parts, Motor Vehicles, Train And Components, Trailer, Motor Home, Travel Trailer And Camper, Ship And Boat Building And Repairing, All Other Transportation Equipment 2) By Application: General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services 3) By End-User: Transport Companies, Military, Other End Users Subsegments Covered: Motor Vehicle Body, Stamped Metal & Other Parts, Motor Vehicle Engine, Power Train & Parts, Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors, Motorcycle And Bicycle, Passenger Car, Commercial Vehicle, Locomotives, Wagons, & Other Rolling Stock, Parts & Accessories For Railway Vehicles, Dry Vans, Refrigirated Trailers, Tank Trailers, Flatbed Trailers, Lowboy Trailers, Other Trailers, Self-Contained Motor Homes Assembling, Van And Minivan Conversions, Travel Trailer, Camper, Ship Building And Repairing, Boat Building And Repairing. The global transport market size grew from $5894.62 billion in 2022 to $6464.7 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The transport market is expected to grow to $9091.42 billion in 2027 at a CAGR of 8.9%. The Transport Manufacturing Market has been aided by the rapid economic growth of developing countries during the historical period. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's 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 developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. Major companies in the transport market include Toyota Motor Corp, Volkswagen AG, Daimler AG, EXOR Group, Fiat Chrysler Automobiles NV, Ford Motor Co, SAIC Motor Co Ltd., Honda Motor Co Ltd., General Motors Co, and Peugeot. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the transportation manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak continues to hurt businesses throughout 2020 and into 2021. However, it is expected that the transportation manufacturing market will recover from the shock over the forecast period as it is a ""black swan"" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Virtual reality and augmented reality technologies are being widely used by transportation manufacturing companies for the faster creation of physical prototypes and to reduce manufacturing defects. While AR is a real-time integration of digital information with the user's environment, VR is a three-dimensional, computer-generated environment that can be explored and interacted with. These technologies benefit the manufacturing process by reducing rework, increasing quality, lowering labour costs, meeting timelines, improving safety, streamlining collaboration, design analysis approach, improving accuracy, aiding in project management, and presentation of product plans. Major transportation manufacturing companies utilizing AR and VR technologies include Toyota, Volkswagen Group, General Motors, and Daimler AG. Asia-Pacific was the largest region in the transport market in 2022. Western Europe was the second largest market in transport market. The regions covered in the transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in transport market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia; Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The transport consists of sales of motor vehicle body, stamped metal & other parts, motor vehicle engine, power train & parts, motor vehicle electrical & electronic equipment, steering suspension, & interiors, motorcycle and bicycle, passenger car, commercial vehicle, locomotives, wagons, & other rolling stock, parts & accessories for railway vehicles, dry vans, refrigerated trailers, tank trailers, flatbed trailers, lowboy trailers, self-contained motor homes assembling, van and minivan conversions, travel trailer, camper, shipbuilding and repairing, boat building and repairing and other transport. The market includes only the sales of manufactured transport equipment not transport services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The transport market research report is one of a series of new reports from The Business Research Company that provides transport market statistics, including transport industry, global transport market size, regional transport market shares, competitors with a transport market share, detailed transport market segments, market trends and opportunities, and any further data you may need to thrive in the transport industry. This transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Commuter rail and public bus services refer to a mode of transportation that operates local and suburban ground passenger transit systems using more than one mode of transport over regular routes and on regular schedules within a metropolitan area and its adjacent nonurban areas and is usually characterized by reduced fares, multiple rides, and commuter tickets and is mostly used by passengers during the morning and evening peak periods. The main types of services in the commuter rail and public bus services market are commuter rail services (metro and mmts) and public bus services. Commuter rail services are usually characterised by reduced fares, multiple rides, and commuter tickets, and are mostly used by passengers during the morning and evening peak periods. The market is also segmented by distance into long-distance and short-distance and by application into adults and children. The global commuter rail and public bus services market is segmented - 1) By Type: Commuter Rail Services (Metro And MMTS), Public Bus Services 2) By Distance: Long-Distance, Short-Distance 3) By Application: Adults, Children The global commuter rail and public bus services market size grew from $361.18 billion in 2022 to $397.18 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The commuter rail and public bus services market is expected to grow to $562.62 billion in 2027 at a CAGR of 9.1%. The commuter rail and public bus service markets' growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, following a significant decline in the previous period, are expected to further aid 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 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. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the commuter rail and public bus service markets in 2020 as governments imposed lockdowns and restricted the movement of people and goods to contain the transmission. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of "lock down" and the outbreak harmed businesses throughout 2020 and 2021. However, it is expected that the commuter rail and public bus markets will recover from the shock. Major companies in the commuter rail and public bus services market include Metropolitan Transportation Authority, Transport International Holdings Limited, Transport for London (TFL), Duetsche Bahn AG, FirstGroup PLC, MTR Corp Ltd., ComfortDelGro Corporation, Stagecoach Group plc, Guangzhou Metro, and Kyushu Railway Company. Many bus service providers are introducing hybrid buses to reduce carbon emissions. Buses are generally powered by diesel, which releases CO2 emissions into the environment. On the contrary, hybrid buses utilise alternate fuel and do not require heavy investment like electric buses. A hybrid bus is powered by two alternate fuels or fuel combined with electricity, diesel-natural gas, or diesel-electric. In addition to that, these buses offer a quieter experience and lower maintenance costs. According to research by the Environmental and Energy Study Institute, hybrid buses offer about 40% improvement in fuel economy in comparison to standard diesel coaches and nearly 90% improvement over compressed natural gas buses. Major companies involved in the manufacturing of hybrid buses are Arriva Bus, Stagecoach, Volvo Buses, Allison Transmission, and Jinlong. Western Europe was the largest region in the commuter rail and public bus services market in 2022. Asia-Pacific was the second largest region in the commuter rail and public bus services market share. The regions covered in the commuter rail and public bus services market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the commuter rail and public bus services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The commuter rail and public bus services market includes revenues earned by entities by transporting goods and people with less traffic congestion to enhance productivity and reduce operational costs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The commuter rail and public bus services market research report is one of a series of new reports from The Business Research Company that provides commuter rail and public bus services market statistics, including commuter rail and public bus services industry, global commuter rail and public bus services market size, regional shares, competitors with a commuter rail and public bus services market share, detailed commuter rail and public bus services market segments, commuter rail and public bus services market trends and opportunities, and any further data you may need to thrive in the commuter rail and public bus services industry. This commuter rail and public bus services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.