The report will be delivered in 2-3 business days.

Transit And Ground Passenger Transportation Global Market Report 2019

Starting Price : $ 6000.00 | Pages : 400 | Published : January 2019 | SKU CODE : 5105 | Format :


Transit And Ground Passenger Transportation Market Characteristics

The transit and ground passenger transportation market consist of sales of transit and ground passenger transportation services 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.

Competitive Landscape of the Transit And Ground Passenger Transportation Market

Major players in the global transit and ground passenger transportation market include Transport For London, Metropolitan Transportation Authority, MTR Corporation, Guangzhou Metro, Madrid Metro.

Transit And Ground Passenger Transportation Market Size

The transit and ground passenger transportation market size is expected to reach more than $600 billion by 2022, significantly growing at a CAGR of around 6.5% during the forecast period. The growth in the transit and ground passenger transportation market is expected due to government investments in urban transit systems and interurban and rural bus transportation systems, strategic partnerships of private transit service providers with government, lower fuel prices, strong economic growth in countries such as China and India during the forecast period.

However, the market for transit and ground passenger transportation is expected to face certain restraints from several factors such as people are purchasing their own vehicles and rising disposable income which leads to the same.

Transit And Ground Passenger Transportation Market Segmentation

The global transit and ground passenger transportation market is further segmented based on type and geography.
By Type - The Transit And Ground Passenger Transportation market is segmented into commuter rail and public bus services, taxi and limousine services, school and employee bus services, charter bus services, others - transit and ground passenger transportation , commuter rail services (metro and MMTS), public bus services , mobile application based taxi services, other taxi services , students bus services, employee bus services among these segments, the commuter rail services accounts for the largest share in the global transit and ground passenger transportation market.
By Geography - The global transit and ground passenger transportation is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global transit and ground passenger transportation market, accounting for more than 35% of the market in 2018.
Trends in the Transit And Ground Passenger Transportation Market
Shared transportation system is growing in transit and ground passenger transportation industry owing to cost benefits this system offers to citizens. Shared transportation combines passenger transportation services such as drivers, taxis, bikes, and buses under a single platform. Its members can avail services of a transportation system by paying a subscription fee or a one-time fare, as well as can earn money by sharing their own vehicles. For instance, in 2013, US-based startup Downtown Project launched the Project 100 transportation system for Las Vegas. It is a complete transportation system that allows users to borrow bikes, shuttles, and small electric cars, and gets a driver by paying a subscription fee. Other examples include ride sharing companies such as BlaBlaCar and Drivezy, which allow users to rent vehicles of their choice by paying a membership fee or fare. Uber, on demand cab transportation service provider is also offering shared ride service known as uberPOOL. Potential Opportunities in the Transit And Ground Passenger Transportation Market With rapid urbanization and rise in disposable income in countries such as India and China and increased investments in metro systems globally there are huge potential opportunities in this market.

Airlines Increase Their Profit Margins With Ancillary Fees
On-Demand Delivery Apps – You Can Order Almost Anything From Your Smartphone
Redevelopment Of Railway Stations To Bring Additional Revenues And Jobs
Use Of Alternative Energy Sources By Rail Transportation Companies To Operate A Rolling Stock And Stations
Robotics Solutions To Reduce Delivery Time And Costs For Truck Transportation Companies
Multi-Story Warehouses For A Better Land Utilization
Air Transportation Global Market Report 2019
View Report
General Transportation Global Market Report 2019
View Report
Pipeline Transportation Global Market Report 2019
View Report
Rail Transportation Global Market Report 2019
View Report
Transit And Ground Passenger Transportation Global Market Report 2019
View Report
Truck Transportation Global Market Report 2019
View Report
Warehousing And Storage Global Market Report 2019
View Report
Water Transportation Global Market Report 2019
View Report

Call Us

+1 3156230293

(Americas)

+44 2071930708

(Europe)

+91 8897263534

(Asia & Others)