Global Public Transport Market, By Type (Bus, Tram, Underground (Metro), Regional Taxi, Light Rail, Train, High-Speed Line South), Application (City, Rural), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Public Transport Market
The public transport market is expected to witness market growth at a rate of 10.85% in the forecast period of 2022 to 2029. Data Bridge Market Research report on public transport market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the attention of governments on building smart cities is escalating the growth of public transport market.
Public transportation service market involves establishments, companies, corporations and agencies that primarily offer transportation services and operate in the regional and local passenger transportation systems with regular routes and fixed schedules.
Major factors that are expected to boost the growth of public transport market in the forecast period are the rise in the inclination towards the railway transport and rising number of urban population. Furthermore, the increase in the of transportation services to distribute their goods and access raw materials is further anticipated to propel the growth of the public transport market. Moreover, the increase in the information and communication technologies sector is further estimated to cushion the growth of the public transport market. On the other hand, the rise in the demand of high capital investment is further projected to impede the growth of the public transport market in the timeline period.
In addition, the growing adoption of intelligent transport solutions and rise in the awareness about smart technologies will further provide potential opportunities for the growth of the public transport market in the coming years. However, the long stoppage and enormous capital needed for replacing existing infrastructure might further challenge the growth of the public transport market in the near future.
This public transport market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the public transport market, contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
Global Public Transport Market Scope and Market Size
The public transport market is segmented on the basis of type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the public transport market has been segmented into bus, tram, underground (metro), regional taxi, light rail, train and high-speed line south.
- On the basis of application, the public transport market has been segmented into city, and rural.
Public Transport Market Country Level Analysis
The public transport market is analysed, and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the public transport market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
Asia-Pacific dominates the public transport market due to the rise in the production and sale of passenger vehicles. Furthermore, the occurrence of well-established supply chain network catering to several industries such as automotive, consumer’s goods manufacturing, shipbuilding, heavy machinery manufacturing will further boos the growth of the public transport market in the region during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Public Transport Market Share Analysis
The public transport market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the public transport market.
Some of the major players operating in the public transport market are TfL, MTR Corporation Limited, Bay Area Rapid Transit, Staff Selection Commission, Chicago Transit Authority, WMATA, Massachusetts Bay Transportation Authority, MTS, The Madrid Metro, Advantech Co., Ltd., ATOS SE, SEOUL METROPOLITAN GOVERNMENT., Conduent, Inc., FREQUENTIS, Infineon Technologies AG, Metro Infrasys Private Limited, Moxa Inc., and NXP Semiconductors among others.
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