Public Transportation Market In-depth Insights, Competitive Landscape, Growing Opportunities, Forecast to 2031 - BC Transit Corporation, Berliner Verkehrsbetriebe, Deutsche Bahn, East Japan Railway Company, Keolis

Public transport refers to transportation systems available to the public that charge set fares, run on fixed routes, and are available to all people. This includes buses, trains, subways, and other forms of transport like trams. Public transport has traditionally been provided by heavily subsidized public-sector bodies operating discrete/siloed transportation modes. This approach made sense from an asset-management perspective, but it led to journey options for citizens when timetables, ticketing and customer service were only sometimes aligned to expedite travel across various transit systems. Additionally, agencies typically took a monopoly mindset to protect revenue and market share.

The global Public Transportation market in terms of revenue was estimated to be worth USD 214.54 billion in 2022 and is poised to grow at a CAGR of 7.6 % from 2023 to 2030.

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Top Key Players Profiled in This Report:
BC Transit Corporation, Berliner Verkehrsbetriebe, Deutsche Bahn, East Japan Railway Company, Keolis, Mass Transit Railway (MTR), Metropolitan Transportation Authority, Southern California Regional Rail Authority (Metrolink), The Brussels Transport Company, Transport for London (TfL) and other prominent players.

Market expansion is driven by several factors, notably the uptick in domestic trips for public transportation, reflecting a growing preference for sustainable travel options. Moreover, there's a heightened emphasis on reducing vehicular emissions, driving the adoption of eco-friendly transportation solutions. Additionally, the rising demand for Mobility as a Service (MaaS) underscores the shifting consumer preferences toward convenient and integrated mobility solutions. These factors collectively fuel the accelerated growth of the market, highlighting the evolving landscape of urban transportation and the increasing importance of sustainability and accessibility in modern mobility offerings.

The key questions answered in this report: -

1. What will be the Market Size and Growth Rate in the forecast year?
2. What are the Key Factors driving Public Transportation Market?
3. What are the Risks and Challenges in front of the market?
4. Who are the Key Vendors in Public Transportation Market?
5. What are the Trending Factors influencing the market shares?
6. What are the Key Outcomes of Porter's five forces model?
7. Which are the Global Opportunities for Expanding the Public Transportation Market?

To reduce traffic congestion on roads, ensure public safety, and curb carbon emissions that negatively affect the environment. Several governments are working on numerous initiatives fueling the global market growth. The governments of various countries have realized the importance of spending the budget on developing infrastructure associated with public transportation and enhancing and building more roads. For instance, the Colombian government reallocated its national transport budget to support cities such as Bogotá and Medellin to improve BRT and metro, respectively. These cities transport around 300 million passengers annually.

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Public Transportation Market Segmentation by Mobility:
• Bus
• Tram
• Train
• Car Sharing
• Others

Public Transportation Market Segmentation by Propulsion:
• Diesel
• Gasoline
• Electric
• Others

Public Transportation Market Segmentation by Ownership Type:
• Private Owned
• Public Owned

Public Transportation Market Segmentation by End Use:
• Intracity
• Intercity
• Others

Public Transportation Market by Regions:
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porters five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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