Public Transport in Australia - Industry Market Research Report
Public Transport in Australia
Public transport services offer a cost-effective, convenient, safe and mostly environmentally friendly travel option to the general public. Prior to the pandemic passenger numbers were growing strongly as the population increased, particularly in Sydney and Melbourne, while public transport fares also expanded. However, travel patterns changed drastically during the pandemic in response to social distancing and lockdown measures, which greatly limited passenger numbers, negatively affecting demand for public transport. Nevertheless, this has had a minor effect on revenue, as a substantial portion of revenue is received from government funding. Overall, revenue for public transport providers is expected to rise at an average of 1.4% per year over the five years through 2022-23, reaching $32.1 billion. This includes an anticipated increase of 2.1% in 2022-23, partly due to the recovery in passenger numbers as COVID-19 related restrictions have been eased.
Industry firms provide scheduled train, tram, ferry and bus services to and from predetermined locations to the general public. Industry operators are overseen by, and receive significant funding from, state or territory governments. The industry excludes sightseeing services, ride-sharing services and taxis.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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