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 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.
The global transit and ground passenger transportation (public transport) market was estimated to be around $500 billion as of 2017. The global transit and ground passenger transportation made up around 9% of the overall transportation services market in 2017. The transit and ground passenger transportation market was the fourth largest market in the global transportation services (public transport) market in 2017.
Shared Transportation Systems – 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.
Companies Covered: Metropolitan Transportation Authority, Transport For London, MTR Corporation, Guangzhou Metro, Madrid Metro, Washington Metropoliton Transit Aithority, Seoul Subway, The Masachussets Bay Transit Authority, Chicago Transit Authority, Bay Area Rapid Transit
Market Segments Included: Commuter Rail And Public Bus Services, Taxi And Limousine Services, School And Employee Bus Services, Charter Bus Services