Commuter Rail and Public Bus Services Market Overview

The new report published by The Business Research Company, titled ""Commuter Rail And Public Bus Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the commuter rail and public bus services market size has grown strongly in recent years. It will grow from $401.19 billion in 2023 to $440.63 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The commuter rail and public bus services market size is expected to see strong growth in the next few years. It will grow to $628.1 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.

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Favorable Economic Conditions Fueling Growth In Commuter Rail And Public Bus Services
The commuter rail and public bus service 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, following a significant decline in the previous period, are expected to further aid 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 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.

The Evolution Of Hybrid Buses In The Bus Service Industry
Many bus service providers are introducing hybrid buses to reduce carbon emissions. Buses are generally powered by diesel, which releases CO2 emissions into the environment. On the contrary, hybrid buses utilize alternate fuel and do not require heavy investment like electric buses. A hybrid bus is powered by two alternate fuels or fuel combined with electricity, diesel-natural gas, or diesel-electric. In addition to that, these buses offer a quieter experience and lower maintenance costs. According to research by the Environmental and Energy Study Institute, hybrid buses offer about 40% improvement in fuel economy in comparison to standard diesel coaches and nearly 90% improvement over compressed natural gas buses. Major companies involved in the manufacturing of hybrid buses are Arriva Bus, Stagecoach, Volvo Buses, Allison Transmission, and Jinlong.

The commuter rail and public bus services market covered in this report is segmented -

1) By Type: Commuter Rail Services (Metro And MMTS), Public Bus Services
2) By Distance: Long-Distance, Short-Distance
3) By Application: Adults, Children

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Major companies operating in the commuter rail and public bus services market report are Duetsche Bahn AG, Metropolitan Transportation Authority Corporation, The East Japan Railway Company, Guangzhou Public Transport Group, The West Japan Railway Company, The Central Japan Railway Company, Transport for London (TFL), Keolis Group, Transdev SA, Nanjing Public Transport Group, RATP Group, The Canadian Pacific Railway Company, Transport International Holdings Limited, FirstGroup PLC, MTR Corp.Ltd., Go-Ahead Group, Arriva plc, ComfortDelGro Corporation, National Express Group, Kyushu Railway Company, Stagecoach Group plc, SBS Transit Ltd., SMRT Corporation, Guangzhou Metro Design & Research Institute Co. Ltd., Shanghai Shentong Metro Group, Wuhan Metro Group, The Kowloon Motor Bus Company Limited, Beijing Public Transport Holdings Co.Ltd., Shenzhen Bus Group, Hangzhou Public Transport Group, Suzhou Public Transport Group, Chengdu Public Transport Group, Xi'an Public Transport Group

Contents of the report:
1. Executive Summary
2. Commuter Rail And Public Bus Services Market Report Structure
3. Commuter Rail And Public Bus Services Market Trends And Strategies
4. Commuter Rail And Public Bus Services Market - Macro Economic Scenario
5. Commuter Rail And Public Bus Services Market Size And Growth
…..
27. Commuter Rail And Public Bus Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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