PUBLISHER: TechNavio | PRODUCT CODE: 1469885
PUBLISHER: TechNavio | PRODUCT CODE: 1469885
The public transportation market is forecasted to grow by USD 100.39 bn during 2023-2028, accelerating at a CAGR of 6.13% during the forecast period. The report on the public transportation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing domestic trips for public transportation, increasing emphasis on vehicular emission reduction, and rising demand for mobility as a service (MaaS).
Technavio's public transportation market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.76% |
CAGR | 6.13% |
Incremental Value | $100.39bn |
By Type
By Distribution Channel
By Geographical Landscape
This study identifies the development of hyperloop transportation systems as one of the prime reasons driving the public transportation market growth during the next few years. Also, advent of satellite-based traffic control systems and initiation of self-driving vehicle program will lead to sizable demand in the market.
The report on the public transportation market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading public transportation market vendors that include BC Transit Corp., Berliner Verkehrsbetriebe, Chicago Transit Authority, Deutsche Bahn AG, FirstGroup plc, London and Partners Ltd., Massachusetts Bay Transportation Authority, Metro de Madrid SA, Metropolitan Transportation Authority, MTR Corp. Ltd., San Diego Metropolitan Transit System, San Francisco Bay Area Rapid Transit, Seoul Tourism Organization, Sin U Lian Group, SNCF Group, Southern California Regional Rail Authority, STIB, Transdev Group SA, Washington Metropolitan Area Transit Authority, and East Japan Railway Co.. Also, the public transportation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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