Transit And Ground Passenger Transport Market In 2021-2030 Including Top Key Players, Trends And Emerging Growth Factors

The Transit And Ground Passenger Transport Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

“The global transit and ground passenger transport market is expected to grow from $412.97 billion in 2020 to $460.48 billion in 2021 at a compound annual growth rate (CAGR) of 11.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $634.99 billion in 2025 at a CAGR of 8%.”

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Top Leading Companies of Transit And Ground Passenger Transport Market are - Transport For London, Metropolitan Transportation Authority, MTR Corporation, Guangzhou Metro, Madrid Metro and others.

The Transit And Ground Passenger Transport Market is segmented by Type and Application as follows:

1) By Type: Commuter Rail And Public Bus Services, Taxi And Limousine Services, School And Employee Bus Services, Charter Bus Services, Other Transit And Ground Passenger Transport    

Subsegments Covered: Commuter Rail Services (Metro And MMTS), Public Bus Services, Online Taxi Services, Tele And Offline Taxi Services, Limousine Services, Students Bus Services, Employee Bus Services

The transit and ground passenger transportation market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in end user markets, thereby driving the market during forecast period.

Western Europe was the largest region in the global transit and ground passenger transport market, accounting for 39% of the market in 2020. Asia Pacific was the second largest region accounting for 29% of the global transit and ground passenger transport market. Africa was the smallest region in the global transit and ground passenger transport market.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Transit And Ground Passenger Transport Market Size & Analysis (2016 - 2030)
- Market Share Analysis of Transit And Ground Passenger Transport Market (%),2016 - 2030
- Transit And Ground Passenger Transport Market Share, By Brand
- Transit And Ground Passenger Transport Market Share, By Company
- Transit And Ground Passenger Transport Market Assessment & Opportunity (Value),2016 - 2030
- Major Companies Transit And Ground Passenger Transport Market Value Analysis & Forecast
- Promising Transit And Ground Passenger Transport Development by Major Companies
- Detailed Transit And Ground Passenger Transport Portfolio of the Major Companies
- Major Deals in the Transit And Ground Passenger Transport Market
- Major Companies Analysis

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