Global Public Transport Market Growth (Status and Outlook) 2023-2029

Global Public Transport Market Growth (Status and Outlook) 2023-2029

Public transport (also known as public transportation, public transit, or mass transit) is transport of passengers by group travel systems available for use by the general public, typically managed on a schedule, operated on established routes, and that charge a posted fee for each trip.

LPI (LP Information)' newest research report, the “Public Transport Industry Forecast” looks at past sales and reviews total world Public Transport sales in 2022, providing a comprehensive analysis by region and market sector of projected Public Transport sales for 2023 through 2029. With Public Transport sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Public Transport industry.

This Insight Report provides a comprehensive analysis of the global Public Transport landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Public Transport portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Public Transport market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Public Transport and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Public Transport.

The global Public Transport market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Urban public transit differs distinctly among Asia, North America, and Europe. In Asia, profit-driven, privately-owned and publicly traded mass transit and real estate conglomerates predominantly operate public transit systems [6][7] In North America, municipal transit authorities most commonly run mass transit operations. In Europe, both state-owned and private companies predominantly operate mass transit systems, Public transport services can be profit-driven by use of pay-by-the-distance fares or funded by government subsidies in which flat rate fares are charged to each passenger. Services can be fully profitable through high usership numbers and high farebox recovery ratios, or can be regulated and possibly subsidised from local or national tax revenue. Fully subsidised, free of charge services operate in some towns and cities.

This report presents a comprehensive overview, market shares, and growth opportunities of Public Transport market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Bus
Tram
Underground (Metro)
Regional taxi
Light rail
Train
High-speed line South

Segmentation by application
City
Rural

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Metropolitan Transportation Authority
Transport For London
MTR Corporation
Guangzhou Metro
Madrid Metro
Washington Metropolitan Transit Authority
Seoul Subway
The Massachusetts Bay Transit Authority
Chicago Transit Authority
Bay Area Rapid Transit

Please note: The report will take approximately 2 business days to prepare and deliver.