Global Public Transport Market Size, Share, Forecast Report, 2020-2027

The global Public Transport market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 8.17% throughout the estimate period from 2020 to 2027.

The Global Public Transport Market is expected to witness rapid growth during the forecast period. Asia-Pacific is expected to dominate the global public transport market. The increasing population combined with rapid growth in the share of urban population with development and expansion of cities is driving the need for good and efficient public transport facilities to achieve sustainable economic growth. These factors are expected to drive the growth of the global public transport market in the region during the forecast period.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Public Transport market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Public Transport market growth.

The global Public Transport market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

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).

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

Global Public Transport Market is segmented based on Type and Application. On the basis of Type, the Global Public Transport Market has been divided into bus, light rail, regional taxi, metro, and tram. Light rail is expected to be one of the major segments of the Global Public Transport Market. The light train uses a fixed number of passenger compartments attached with the engine and operates at a higher capacity, and on a predefined path. The light rail is propelled by diesel and electricity and runs on single or double engines depending on the slope of the route. The demand for light rail is expected to increase due to its cost-effectiveness and urbanization.

On the basis of application, the global public transport market has been categorized into city and rural. The city segment held the largest market share in 2018. Urbanization and the growth of the global population are expected to lead to the need for enhancing the public transport systems in urban areas. According to the United Nations, there will be about 2.5 billion more people added to the urban population by 2050, mainly in Africa and Asia. Thus, governments all over the world are investing in modern public transport systems, such as metros and advanced versions of light trains to minimize the impact of increasing population in cities, leading to the growth of public transport in cities.

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • Italy
  • France
  • Rest of EU
• Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
  • Rest of APAC
• Central & South America
  • Brazil
  • Argentina
  • Rest of Central & South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA