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Global Public Transport Report - Forecast till 2025
Market Dynamics
The Global Public Transport Market is anticipated to witness incredible growth during the forecast period. In terms of value, the market is forecasted to record a steady growth of 8.11% CAGR as per analysis. Public transportation is becoming an important factor in many developing countries owing to the growing population. The public transport types are bus, light rail, regional taxi, metro, and tram. The Asia Pacific is leading the global transport market and is evaluated to dominate the market during the forecast period. The regional market is propelled by growing urbanization and the rising population with the remodeling of cities to supply convenient public transportation.
The second-largest contribution of the global public transport market is held by Europe, in 2018. The government of Europe is supporting the development of public transport to overcome traffic congestion issues and curb emission due to private vehicles is the key to regional market expansion. The European Union works in collaboration with Connecting Europe Facility (CEF) for the public transport system.
Market Segmentation
The Public Transport Market is categorized globally by Type and Application.
The Global Public Transport Market has been divided into the bus, light rail, regional taxi, metro, and tram by type segment. The light rail is cost-effective and drives by on diesel or electricity it requires a single or double engine according to the route. It is considered to be a future Public Transport Market due to developing urbanization.
By application segment, the global public transport market has been subdivided into city and rural. In 2018, the major market share is gripped by the city section owing to the growing urban population and the need to facilitate the good transportation systems.
Regional Analysis
Geographically, the Global Public Transport Market has been span across Asia-Pacific, Europe, North America, and the Rest of the World.
The Asia Pacific market is furthers segmented into China, India, Japan and the rest of Asia Pacific; china is leading the regional market. The Regional market of North America is spread across the US, Canada, and Mexico, the US is expected to dominate the global market of Public Transport during the forecast market. The Public Transport Market in Europe is divided into Germany, Italy, France, the UK and the rest of Europe.
The market in South America consists includes Peru, Brazil, Argentina, Columbia, and Chile. The rest of the world market for public transport, categorized in the Middle East & Africa and South America, is expected to witness substantial expansion.
Major Players
The Key Players operating in the Global Public Transport Market are Transport For London (UK), MTR Corporation (Hong Kong), Bay Area Rapid Transit (BART) (US), Chicago Transit Authority (US), The Washington Metropolitan Area Transit Authority (US), Massachusetts Bay Transportation Authority (US), Madrid Metro (Spain), Metropolitan Transportation Authority (US), The San Diego Metropolitan Transit System (US), and Seoul Metro (South Korea).
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Market Dynamics
The Global Public Transport Market is anticipated to witness incredible growth during the forecast period. In terms of value, the market is forecasted to record a steady growth of 8.11% CAGR as per analysis. Public transportation is becoming an important factor in many developing countries owing to the growing population. The public transport types are bus, light rail, regional taxi, metro, and tram. The Asia Pacific is leading the global transport market and is evaluated to dominate the market during the forecast period. The regional market is propelled by growing urbanization and the rising population with the remodeling of cities to supply convenient public transportation.
The second-largest contribution of the global public transport market is held by Europe, in 2018. The government of Europe is supporting the development of public transport to overcome traffic congestion issues and curb emission due to private vehicles is the key to regional market expansion. The European Union works in collaboration with Connecting Europe Facility (CEF) for the public transport system.
Market Segmentation
The Public Transport Market is categorized globally by Type and Application.
The Global Public Transport Market has been divided into the bus, light rail, regional taxi, metro, and tram by type segment. The light rail is cost-effective and drives by on diesel or electricity it requires a single or double engine according to the route. It is considered to be a future Public Transport Market due to developing urbanization.
By application segment, the global public transport market has been subdivided into city and rural. In 2018, the major market share is gripped by the city section owing to the growing urban population and the need to facilitate the good transportation systems.
Regional Analysis
Geographically, the Global Public Transport Market has been span across Asia-Pacific, Europe, North America, and the Rest of the World.
The Asia Pacific market is furthers segmented into China, India, Japan and the rest of Asia Pacific; china is leading the regional market. The Regional market of North America is spread across the US, Canada, and Mexico, the US is expected to dominate the global market of Public Transport during the forecast market. The Public Transport Market in Europe is divided into Germany, Italy, France, the UK and the rest of Europe.
The market in South America consists includes Peru, Brazil, Argentina, Columbia, and Chile. The rest of the world market for public transport, categorized in the Middle East & Africa and South America, is expected to witness substantial expansion.
Major Players
The Key Players operating in the Global Public Transport Market are Transport For London (UK), MTR Corporation (Hong Kong), Bay Area Rapid Transit (BART) (US), Chicago Transit Authority (US), The Washington Metropolitan Area Transit Authority (US), Massachusetts Bay Transportation Authority (US), Madrid Metro (Spain), Metropolitan Transportation Authority (US), The San Diego Metropolitan Transit System (US), and Seoul Metro (South Korea).
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
