All updated as on -
From 2023 to 2030, the worldwide public transport industry is projected to expand from its 2022 valuation of USD 214.54 billion at a CAGR (compound annual growth rate) of 7.6 percent.
Among other factors, the increased need to alleviate automobile congestion is driving demand for public transport. Across the globe, governments are plotting ways to encourage more people to use public transport. To encourage more people to take public transit, authorities are using technology, employing creative financing, reorganising institutions, and improving the user experience.
In an effort to lessen road congestion, guarantee public safety, and cut harmful carbon emissions. The expansion of the global market is being fueled by the efforts of a number of countries. Governments around the world are allocating greater resources to improve and expand their public transport networks and road networks. To help cities like Bogotá and Medelln upgrade its BRT and metro systems, for instance, the Colombian government redirected its national transportation money. About 300 million people a year use the public transport systems in these cities.
Report Coverage
Global Automotive Semiconductor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Semiconductor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Semiconductor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Semiconductor market players and analyses their core competencies in each global market sub-segments.
Perspectives on the Distribution Process
Over the forecast period of 2023–2030, the online distribution channel is expected to have the greatest CAGR in the market. The need for better public transit is growing as urbanisation spreads rapidly around the world. About 55 percent of the global population currently resides in cities. The United Nations predicts that by 2050, 68% of the world's population would live in urban areas, an increase of 2.5 billion people. Cities with insufficient public transit and dangerous roads are seeing an increase in traffic congestion as a result of the expanding population. Several government agencies are deploying digital transformation techniques, which involve the use of smart solutions and cutting-edge web platforms, to decrease traffic congestion.
Insights into the Modes
More than 55% of all travel by mode is expected to occur on roads by the year 2022. The expansion of road transportation is being fueled by a number of causes, including increased population and income levels, improved transportation networks, greater scheduling flexibility, and easier access to outlying regions. The community benefits from public transport on the road as well. There are a number of firms that have ties to companies that provide public transport. Increased use of public transit is good for these companies, which in turn helps the local economy.
Local Perspectives
Over the forecast period, the Asia-Pacific area is expected to maintain its status as the largest consumer region. Market expansion in Asia and the Pacific has been driven by strict emission limits and regulations, positive government initiatives, and the expansion of charging infrastructure. In addition, rising pollution and the damaging impacts of greenhouse gas emissions have stoked interest in eco-friendly automobiles across the region.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Public Transportation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Public Transportation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Public Transportation market based on the below-mentioned segments:
Global Public Transportation Market, By Distribution Channel
Global Public Transportation market, By Mode Type
Global Public Transportation market, Regional Analysis
Among other factors, the increased need to alleviate automobile congestion is driving demand for public transport. Across the globe, governments are plotting ways to encourage more people to use public transport. To encourage more people to take public transit, authorities are using technology, employing creative financing, reorganising institutions, and improving the user experience.
In an effort to lessen road congestion, guarantee public safety, and cut harmful carbon emissions. The expansion of the global market is being fueled by the efforts of a number of countries. Governments around the world are allocating greater resources to improve and expand their public transport networks and road networks. To help cities like Bogotá and Medelln upgrade its BRT and metro systems, for instance, the Colombian government redirected its national transportation money. About 300 million people a year use the public transport systems in these cities.
Report Coverage
Global Automotive Semiconductor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Semiconductor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Semiconductor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Semiconductor market players and analyses their core competencies in each global market sub-segments.
Perspectives on the Distribution Process
Over the forecast period of 2023–2030, the online distribution channel is expected to have the greatest CAGR in the market. The need for better public transit is growing as urbanisation spreads rapidly around the world. About 55 percent of the global population currently resides in cities. The United Nations predicts that by 2050, 68% of the world's population would live in urban areas, an increase of 2.5 billion people. Cities with insufficient public transit and dangerous roads are seeing an increase in traffic congestion as a result of the expanding population. Several government agencies are deploying digital transformation techniques, which involve the use of smart solutions and cutting-edge web platforms, to decrease traffic congestion.
Insights into the Modes
More than 55% of all travel by mode is expected to occur on roads by the year 2022. The expansion of road transportation is being fueled by a number of causes, including increased population and income levels, improved transportation networks, greater scheduling flexibility, and easier access to outlying regions. The community benefits from public transport on the road as well. There are a number of firms that have ties to companies that provide public transport. Increased use of public transit is good for these companies, which in turn helps the local economy.
Local Perspectives
Over the forecast period, the Asia-Pacific area is expected to maintain its status as the largest consumer region. Market expansion in Asia and the Pacific has been driven by strict emission limits and regulations, positive government initiatives, and the expansion of charging infrastructure. In addition, rising pollution and the damaging impacts of greenhouse gas emissions have stoked interest in eco-friendly automobiles across the region.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Deutsche Bahn; East Japan Railway Company; BC Transit Corporation; Berliner Verkehrsbetriebe; Keolis; Mass Transit Railway (MTR); Metropolitan Transportation Authority; Southern California Regional Rail Authority (Metrolink); The Brussels Transport Company; Transport for London (TfL); Transport International Holding Limited; Trenitalia c2c Limited; TOBU RAILWAY Co. LTD; Toronto Transit Commission; Transdev |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Public Transportation Market from 2021 to 2030.
- Market Forecast for Public Transportation Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Public Transportation competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Public Transportation
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Public Transportation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Public Transportation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
- BC Transit Corporation
- Berliner Verkehrsbetriebe
- Deutsche Bahn
- East Japan Railway Company
- Keolis
- Mass Transit Railway (MTR)
- Metropolitan Transportation Authority
- Southern California Regional Rail Authority (Metrolink)
- The Brussels Transport Company
- Transport for London (TfL)
- Transport International Holding Limited
- Trenitalia c2c Limited
- TOBU RAILWAY Co. LTD.
- Toronto Transit Commission
- Transdev
Primary Target Market
- Market Players of Public Transportation
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Public Transportation market based on the below-mentioned segments:
Global Public Transportation Market, By Distribution Channel
- Online
- Offline
Global Public Transportation market, By Mode Type
- Road
- Rail
- Others
Global Public Transportation market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive public transportation market market research and competitor analysis for your business to help you develop more profound insights into the public transportation market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the public transportation market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.