Public Transportation in Canada - Industry Market Research Report

Public Transportation in Canada - Industry Market Research Report

Public Transportation in Canada

The public transportation industry provides various passenger transit systems over fixed routes and regular schedules within a metropolitan area. Transportation systems involve multiple modes of transportation, including subways, streetcars and buses. Running a public transit system requires high capital costs, so most service companies rely on government subsidies to stay afloat, making government funding the primary catalyst for revenue. Overall, industry revenue is expected to increase at a CAGR of 0.9% over the past five years and is expected to reach $23.2 billion in 2023, including a 0.7% increase in 2023 alone. Profit will creep downward as lower fuel prices have shifted some consumers to favour driving personal vehicles.

The Public Transportation industry in Canada operates local and suburban passenger transit systems. This includes light rail, subways, streetcars and buses. These establishments operate with fixed routes and schedules, and enable passengers to pay on a per-trip basis, whether or not they also accept payment methods such as monthly passes.

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.