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. The 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 Global Market Size
The global transit and ground passenger transportation market was valued at $505.8 billion in 2017. Western Europe was the largest geographic region in the transit and ground passenger transportation market in 2017, accounting for $169 billion or 33.5% market share. The USA was the largest country in the market in 2017, accounting for $64 billion or 12.7% market share.
Transit and Ground Passenger Transportation Global 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.
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 Transportation Global Market Segmentation
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, and Charter Bus Services.
Commuter Rail And Public Bus Services includes organizations 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.
Taxi And Limousine Services includes organizations offering passenger transportation services via taxi and limousine.
School And Employee Bus Services This 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 includes 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.