The transit and ground passenger transportation industry includes companies offering passenger transportation services, such as urban transit systems, taxis, and chartered bus, school bus, and interurban bus transportation. This industry includes both government and private operated transportation systems. These services are split into scheduled and nonscheduled transportation services, which are differentiated depending on production process factors such as vehicle types, routes, and schedules. Scheduled transportation industry includes establishments offering urban transit systems, interurban and rural bus transportation, and school and employee bus transportation. While the nonscheduled industry includes establishments involved in charter bus industry and taxi and limousine service. This industry does not include scenic and sightseeing ground transportation services. Transit and ground passenger transportation market in this report is segmented into commuter rail And public bus services, taxi and limousine services, school and employee bus services and charter bus services.
Transit and Ground Passenger Transportation Market Size
Western Europe was the largest region in the transit and ground passenger transportation market in 2017, accounting for 33.5% market share. Asia Pacific was the second largest region accounting for 23.9% market share. Africa was the smallest region accounting for 3.5% market share.
Transit and Ground Passenger Transportation Market Trend
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.
The companies covered are Transport For London, Metropolitan Transportation Authority, MTR Corporation, Guangzhou Metro, and Madrid Metro.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Transit and Ground Passenger Transport Market Segmentation
The transit and ground passenger transport market is segmented into Commuter Rail And Public Bus Services; Taxi And Limousine Services; School And Employee Bus Services; Charter Bus Services.
Commuter Rail And Public Bus Services includes sub sections of Urban Transit Systems, Interurban And Rural Bus Transportation and Other Urban Transportation.
- Urban Transit Systems includes companies involved in operating local and suburban mass passenger transit systems over fixed routes and schedules, using one or more modes of transport such as light rail, subways and streetcars, and buses.
- Interurban And Rural Bus Transportation comprises establishments mainly involved in operating passenger transportation mostly via bus over fixed routes and schedules, and primarily outside a single municipality and its suburban areas.
- Other Urban Transportation industry comprises establishments mainly involved in offering shuttle services to airports and similar facilities, special needs transportation services and other transit and ground passenger transport that is not classified to any other industry group.
Taxi And Limousine Services segment offers passenger transportation services via taxi and limousine.
School And Employee Bus Services segment includes companies mainly involved in providing buses and other motor vehicles to students to and from their school or employees to and from their work.
Charter Bus Services industry establishments are mainly involved in offering charter bus services not operating over fixed routes and schedules. Customers are required to rent the entire vehicle, rather than individual seats.