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Transit and Ground Passenger Transport Market: Assessing Size, Share, and Forecast for 2033 || Uber Technologies, Inc., Didi Chuxing Technology Co, Keolis, FirstGroup Plc, Metropolitan Transportation Authority
Transit And Ground Passenger Transport Global Market Report 2024
The Business Research Company presents an extensive market research report on the Transit And Ground Passenger Transport Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The transit and ground passenger transport market size has grown strongly in recent years. It will grow from $710.89 billion in 2023 to $777.46 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to rapid urbanization, aging population, lifestyle changes and increased safety threats, technology development, low oil prices and low interest rate environment..
The transit and ground passenger transport market size is expected to see strong growth in the next few years. It will grow to $1086.85 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to the rising population, emphasis on cutting carbon emissions, technological advancements and increasing number of corporates and new educational institutes will drive the growth.. Major trends in the forecast period include integrating advanced services, installing hybrid buses, integrating usb, wi-fi and large screen display services, implementing enhanced safety features, running electric buses to reduce carbon emissions, integrating advanced technology, use of app-based services, offering bike-taxi services, offering eco-friendly electric cab services and implementing big data analytics tools..
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Key Market Players:
Major companies operating in the transit and ground passenger transport market report are Uber Technologies, Inc., Didi Chuxing Technology Co, Keolis, FirstGroup Plc, Metropolitan Transportation Authority, TRANSPORTE BRASILEIRO LTDA, Nihon Kotsu, Madrid Metro, Grab Taxi, MAILCAR S.R. L, Prague Taxis, Grupo CHAPÍN, Oga taxi, Gett, Stabus, Yandex., Chauffeur Privé, Bolt, Ashflex School Bus Services Limited, Golden Arrow Bus Services, The Coach People, Taxify, National Express Group, Intercape, EL CONDOR EMPRESA DE TRANSPORTE E.T. S. A, Santa Clara Valley Transportation Authority, Dresdner Verkehrsbetriebe, Cook-Illinois Corporation, Littele cabs, First Travel Solutions, Transdev North America Inc., Münchner Verkehrsgesellschaft, Hamburger Hochbahn, Budapesti Közlekedési Központ (BKK), PUTCO, tefano's RomeCabs, Yellow Bus Ghana, Cabify, Africa Ride, GSP Belgrade, Transport For London, Guangzhou Metro, Domenico's Airport Transfers, Transportation Charter Services, The Free Enterprise System, First Student, Royal Coach Tours, StorerCoachways, Transportes Del Tejar S. A, DATTCO Inc, The Port Authority of New York & New Jersey, Northfield Lines, Arrow Stage Lines, Rohrer Bus, All Board School Transportation, Student Transportation of Canada, TransLink wins, Norfolk Southern Railway Company, Transdev Canada, Zagrebacki elektricni tramvaj, Metro-North Commuter Railroad Co Inc, School Transport Services, Charter House, BATaxi, MK Chauffeur Drive, Washington Metropolitan Area Transit Authority, Velocity Buses Transportation, Emirates Transport Center, Columbia Transit Corp, Chicago Transit Authority (CTA) , Xiaoche001, Energos Services India Pvt. Ltd., Employee Transport Services (ETS) LLC, Dubai Taxi Corporation, Yookoo rid, Beijing¬-tianjin, Grab Holdings Inc., Rome Chauffeur, Rainbow Coaches, LeCab and MyTaxi, Rea Vaya, Stagecoach Group, Arriva, Ola Cabs, Lyft, Inc.
Market Drivers:
The transit and ground passenger transportation markets' growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's 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 developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/transit-and-ground-passenger-transport-global-market-report
The transit and ground passenger transport market covered in this report is segmented -
1) By Type: Commuter Rail And Public Bus Services, Taxi And Limousine Services, School And Employee Bus Services, Charter Bus Services, Other
2) By Distance: Long Distance, Short Distance
3) By Destination: Domestic, International
Sub segments: Commuter Rail Services (METRO And Multi-Modal Transport System (MMTS)) , Public Bus Services., Online Taxi Services, Tele And Offline Taxi Services , Limousine Services., Student Bus Services , Employee Bus Services.
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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